CLAVERACK RURAL ELECTRIC COOPERATIVE (EIN 240548304) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

STEVEN ALLABAUGH

Phone

5702652167

Tax Period

2024-01-01 to 2024-12-31

CLAVERACK RURAL ELECTRIC COOPERATIVE, founded in 1936, is a mid-sized nonprofit that reported $31.4M in total revenue in fiscal year 2024. Expenses of $28.2M left a modest 10% surplus.

Mission

PROVISION OF ELECTRICAL SERVICE IN RURAL PENNSYLVANIA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $155,617

Other Revenue $31,214,019

TOTAL REVENUE $31,369,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,065,263

Fundraising Expenses $0

Other Expenses $25,947,931

TOTAL EXPENSES $28,165,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,369,636	$29,387,147	+0.1%
Expenses	$28,165,333	$24,866,044	+0.1%
Net Income	$3,204,303	$4,521,103	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$671,527

Total Directors

$140,200

Key Employees

$318,136

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY J VENTELLO	DIRECTOR	4.30	Director	$17,000	$0	$17,000
CHARLES R BULLOCK	DIRECTOR	1.70	Director	$13,200	$0	$13,200
ROBERT W FEARNLEY	DIRECTOR	2.80	Director	$14,400	$0	$14,400
TIMOTHY T TEWKSBURY	DIRECTOR - SECRETARY/TREASURER	3.90	Officer Director	$15,800	$0	$15,800
ANGELA S JOINES	DIRECTOR - VICE SECRETARY/TREASURER	3.10	Officer Director	$14,600	$0	$14,600
GARY L HENNIP	DIRECTOR - CHAIR	5.10	Officer Director	$16,800	$0	$16,800
ROBERT R FAUX	DIRECTOR	4.40	Director	$14,600	$0	$14,600
CHARLES R MCNAMARA	DIRECTOR	4.20	Director	$16,400	$0	$16,400
DANISE C FAIRCHILD	DIRECTOR - VICE CHAIR	5.00	Officer Director	$17,400	$0	$17,400
STEVEN ALLABAUGH	PRESIDENT AND CEO	50.00	Officer	$271,653	$118,747	$390,400
JENNIFER JONES	CHIEF FINANCIAL OFFICER	40.00	Officer	$139,178	$77,349	$216,527
NICHOLAS BERGER	SENIOR DIR. OF ENGINEERING & OPS	40.00	Key Emp	$213,057	$105,079	$318,136
LEONARD FOWLER	JOURNEYMAN LINEMAN	40.00	Highest	$172,004	$76,037	$248,041
BRANDON GRIFFITHS	CREW CHIEF	40.00	Highest	$158,729	$76,481	$235,210
JOHN CAMBURN	MANAGER OF FIELD OPERATIONS	40.00	Highest	$173,751	$51,577	$225,328
ROBERT ROCKWELL	JOURNEYMAN LINEMAN	40.00	Highest	$155,530	$53,602	$209,132
JOHN MCKERNAN	CREW CHIEF	40.00	Highest	$167,557	$78,641	$246,198

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$31,369,636	$28,165,333	$161,883,706	$3,204,303
2023	$29,387,147	$24,866,044	$139,424,410	$4,521,103
2022	$25,825,305	$22,123,870	$119,460,651	$3,701,435
2021	$23,056,414	$18,281,978	$106,788,216	$4,774,436
2020	$19,782,677	$16,930,503	$100,666,992	$2,852,174
2019	$19,111,494	$17,130,924	$94,290,372	$1,980,570
2018	$17,801,524	$16,086,726	$94,143,044	$1,714,798

CLAVERACK RURAL ELECTRIC COOPERATIVE