REA ENERGY COOPERATIVE INC (EIN 250809685) - 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

CHAD CARRICK

Phone

7243494800

Tax Period

2024-01-01 to 2024-12-31

REA ENERGY COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $55.3M in total revenue in fiscal year 2024. Expenses of $50.8M left a modest 8% surplus.

Mission

REA'S MISSION IS TO PROVIDE ELECTRICITY TO MEMBERS IN RURAL PENNSYLVANIA ON A COOPERATIVE BASIS.

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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 $52,639,392

Investment Income $384,900

Other Revenue $2,250,946

TOTAL REVENUE $55,275,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $711,665

Fundraising Expenses $0

Other Expenses $48,735,894

TOTAL EXPENSES $50,783,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,275,238	$53,733,786	+0.0%
Expenses	$50,783,873	$50,094,653	+0.0%
Net Income	$4,491,365	$3,639,133	+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

$582,613

Total Directors

$200,123

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BERTOLINO	CHAIRMAN	6.50	Officer Director	$24,257	$0	$24,257
ROBERT NEESE	SECRETARY/TREASURER	6.00	Officer Director	$23,257	$0	$23,257
WAYNE FARABAUGH	VICE CHAIRMAN	3.00	Officer Director	$23,557	$0	$23,557
THOMAS AURANDT	DIRECTOR	5.00	Director	$20,607	$0	$20,607
JOHN LEARN	DIRECTOR	4.00	Director	$22,357	$0	$22,357
ANTHONY ENCISO	DIRECTOR	5.00	Director	$20,857	$0	$20,857
JAMES SHOPE	DIRECTOR	5.00	Director	$19,607	$0	$19,607
SANDRA K DILL	DIRECTOR	3.00	Director	$21,357	$0	$21,357
THOMAS BERENSNYAK	DIRECTOR	4.00	Director	$24,267	$0	$24,267
CHAD CARRICK	PRESIDENT AND CEO	55.00	Officer	$383,922	$127,620	$511,542
BARRY BAKER	OPERATIONS MANAGER	50.00	Highest	$162,328	$65,282	$227,610
MATT BUMBARGER	LINEMAN	55.00	Highest	$161,198	$48,387	$209,585
BRIAN BURNS	ENGINEERING TECHNICIAN	50.00	Highest	$152,023	$55,925	$207,948
ASHLEY JABLUNOVSKY	LINEMAN	50.00	Highest	$158,305	$55,925	$214,230
ZACH RUSNAK	LINEMAN	50.00	Highest	$154,496	$47,242	$201,738

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	$55,275,238	$50,783,873	$162,716,217	$4,491,365
2023	$53,733,786	$50,094,653	$156,077,980	$3,639,133
2022	$26,123,368	$19,569,761	$155,432,228	$6,553,607
2021	$26,641,958	$19,638,480	$139,260,164	$7,003,478
2020	$25,029,088	$19,313,720	$128,322,658	$5,715,368
2019	$23,027,051	$22,539,124	$124,388,314	$487,927
2018	$20,695,140	$23,057,958	$121,804,558	$-2,362,818

REA ENERGY COOPERATIVE INC