GLIDDEN, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)RACCOON VALLEY ELECTRIC COOPERATIVE, founded in 2010, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $16.9M in total revenue in fiscal year 2025. Expenses of $16.0M left a modest 5% surplus.
TO PROVIDE SAFE, RELIABLE AND COMPETITIVE SERVICES WHILE BEING A LEADER IN OUR COMMUNITY'S PROSPERITY AND GROWTH.
PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 2,094 MEMBERS. REVENUE IS COLLECTED FROM THE MEMBERS AND OTHER RELATED SOURCES FOR THE SOLE PURPOSE OF COVERING THE COST OF ELECTRIC SERVICE PROVIDED; AND TO...
PROVIDE ELECTRIC SERVICE TO APPROXIMATELY 2,094 MEMBERS. REVENUE IS COLLECTED FROM THE MEMBERS AND OTHER RELATED SOURCES FOR THE SOLE PURPOSE OF COVERING THE COST OF ELECTRIC SERVICE PROVIDED; AND TO PROVIDE OPERATING RESERVES TO FUND THOSE ACTIVITIES. EXCESS REVENUES OVER THE COST OF OPERATIONS AND ALLOCATIONS TO RESERVES ARE RETURNED TO THE MEMBERS AS PATRONAGE CAPITAL.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $16,871,352 | $17,040,958 | 0.0% |
| Expenses | $15,965,955 | $16,110,886 | 0.0% |
| Net Income | $905,397 | $930,072 | 0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID ONKEN | PRESIDENT | 4.60 |
Officer
Director
|
$6,000 | $0 | $6,000 |
| STEVE SCHABLE | VICE PRESIDENT | 3.50 |
Officer
Director
|
$7,200 | $0 | $7,200 |
| MARK LUDWIG | SECRETARY/TREASURER | 5.60 |
Officer
Director
|
$9,600 | $0 | $9,600 |
| KAREN WERNER | ASST SEC-TREAS. | 4.10 |
Officer
Director
|
$7,200 | $0 | $7,200 |
| ADAM HANDLOS | DIRECTOR | 0.90 |
Director
|
$3,600 | $0 | $3,600 |
| DAVE SCHROEDER | DIRECTOR | 2.70 |
Director
|
$6,000 | $0 | $6,000 |
| JEFF CRANSTON | DIRECTOR (JAN-SEPT) | 1.20 |
Director
|
$1,800 | $0 | $1,800 |
| CAROL RAASCH | DIRECTOR (SEPT-DEC) | 5.00 |
Director
|
$3,000 | $0 | $3,000 |
| JAMES GOSSETT | CEO (UNTIL JAN 2025) | 45.00 |
Officer
|
$59,285 | $16,566 | $75,851 |
| EUGENE HANDLOS | CFO | 45.00 |
Officer
|
$129,408 | $39,030 | $168,438 |
| KEATON HILDRETH | INTERIM CEO (JAN-JUN)/CEO (JUL-DEC) | 24.00 |
Officer
|
$93,558 | $20,310 | $113,868 |
| JACK SCANLAN | LINE SUPERINTENDENT | 45.00 |
Highest
|
$126,516 | $93,745 | $220,261 |
| RYAN GALLOWAY | LINE FOREMAN | 43.00 |
Highest
|
$116,489 | $32,164 | $148,653 |
| CHAD LANKFORD | METER TECHNICIAN | 43.00 |
Highest
|
$111,102 | $58,245 | $169,347 |
| MITCHELL MCKEEVER | OPERATIONS SUPERINTENDENT | 43.00 |
Highest
|
$112,023 | $82,107 | $194,130 |
| TERRY VAUBLE | LINE FOREMAN | 43.00 |
Highest
|
$112,245 | $82,656 | $194,901 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,871,352 | $15,965,955 | $54,382,974 | $905,397 |
| 2024 | $17,040,958 | $16,110,886 | $54,111,775 | $930,072 |
| 2023 | $16,500,789 | $16,298,462 | $53,526,848 | $202,327 |
| 2022 | $16,981,957 | $16,690,827 | $47,798,291 | $291,130 |
| 2021 | $15,635,810 | $15,506,075 | $42,311,743 | $129,735 |
| 2020 | $14,578,634 | $14,422,520 | $41,551,304 | $156,114 |
| 2019 | $16,428,666 | $16,233,190 | $40,648,743 | $195,476 |
| 2018 | $17,271,000 | $15,997,907 | $39,853,431 | $1,273,093 |
Compare RACCOON VALLEY ELECTRIC COOPERATIVE with other nonprofits in Iowa and across the country.