SULLIVAN COUNTY RURAL ELECTRIC COOPERATIVE INC (EIN 240736315) - 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

1937

Legal Domicile

Principal Officer

JOHN LYKENS

Phone

5709243381

Tax Period

2024-01-01 to 2024-12-31

SULLIVAN COUNTY RURAL ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $11.7M in total revenue in fiscal year 2024. Expenses of $11.2M left a modest 5% surplus.

Mission

COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO MEMBERS

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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 $11,392,967

Investment Income $9,503

Other Revenue $321,045

TOTAL REVENUE $11,723,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,339,614

Fundraising Expenses $0

Other Expenses $8,651,833

TOTAL EXPENSES $11,172,038

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,723,515	$11,163,969	+0.1%
Expenses	$11,172,038	$10,706,742	+0.0%
Net Income	$551,477	$457,227	+0.2%

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

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

$207,550

Total Directors

$67,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN HENDERSON	DIRECTOR	2.03	Director	$5,525	$0	$5,525
KATHY ROBBINS	SECRETARY/TREASURER	2.40	Officer Director	$5,775	$0	$5,775
STEPHAN BRADY	CHAIRMAN	5.98	Officer Director	$9,300	$0	$9,300
DAVID AUMAN	VICE CHAIRMAN	4.01	Officer Director	$7,025	$0	$7,025
KAREN BEINLICH	DIRECTOR	10.06	Director	$10,775	$0	$10,775
JEFF HAMILTON	DIRECTOR	8.48	Director	$10,250	$0	$10,250
JIM LAMBERT	DIRECTOR	1.64	Director	$6,025	$0	$6,025
JAY LEWIS	DIRECTOR	2.65	Director	$7,550	$0	$7,550
DAVID RAKESTRAW	DIRECTOR	2.86	Director	$5,525	$0	$5,525
JOHN LYKENS	CEO	40.00	Officer	$155,297	$30,153	$185,450
HEIDI ROUPP	MANAGER, FINANCE & ADMINIS	40.00	Highest	$108,397	$27,930	$136,327
TODD MOLYNEUX	DIRECTOR OF OPERATIONS	40.00	Highest	$116,147	$28,077	$144,224
JEFFERY SPAKO II	OPERATIONS ASSISTANT I	40.00	Highest	$115,670	$27,702	$143,372
DAVE KEPNER	CREW CHIEF	40.00	Highest	$136,616	$26,530	$163,146
THOMAS LIVEZEY	LINEMAN	40.00	Highest	$135,100	$24,546	$159,646
DARRICK HIGLEY	LINEMAN	40.00	Highest	$127,575	$26,355	$153,930
ALEXANDER LAUDERMILCH	LINEMAN	40.00	Highest	$125,160	$26,222	$151,382
NOLAN CHASE	LINEMAN	40.00	Highest	$119,804	$26,456	$146,260
KENDALL ACHEY	LINEMAN	40.00	Highest	$116,306	$26,225	$142,531
JOSHUA HEESS JR	APPRENTICE LINEMAN	40.00	Highest	$104,703	$8,401	$113,104
CHAD PHILLIPS	LINEMAN	40.00	Highest	$101,541	$16,563	$118,104

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	$11,723,515	$11,172,038	$25,828,152	$551,477
2023	$11,163,969	$10,706,742	$25,200,784	$457,227
2022	$10,321,866	$9,427,269	$24,975,300	$894,597
2021	$10,662,179	$9,084,741	$24,524,984	$1,577,438
2020	$9,646,808	$9,332,177	$23,830,980	$314,631
2019	$9,391,994	$9,026,418	$23,702,374	$365,576
2018	$9,426,407	$9,011,716	$23,982,184	$414,691

SULLIVAN COUNTY RURAL ELECTRIC COOPERATIVE INC