RACCOON VALLEY ELECTRIC COOPERATIVE (EIN 271224818) - 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

2010

Legal Domicile

Principal Officer

KEATON HILDRETH

Phone

7126593649

Tax Period

2024-01-01 to 2024-12-31

RACCOON VALLEY ELECTRIC COOPERATIVE, founded in 2010, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $17.0M in total revenue in fiscal year 2024. Expenses of $16.1M left a modest 5% surplus.

Mission

PROVIDE ELECTRIC SERVICE 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 $16,877,564

Investment Income $101,168

Other Revenue $62,226

TOTAL REVENUE $17,040,958

Expense Breakdown

Grants Paid $14,188

Salaries & Benefits $2,212,595

Fundraising Expenses $0

Other Expenses $12,884,103

TOTAL EXPENSES $16,110,886

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,040,958	$16,500,789	+0.0%
Expenses	$16,110,886	$16,298,462	0.0%
Net Income	$930,072	$202,327	+3.6%

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

$443,736

Total Directors

$49,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK LUDWIG	SECRETARY/TREASURER	6.90	Officer Director	$11,850	$0	$11,850
DAVE SCHROEDER	DIRECTOR	2.80	Director	$6,300	$0	$6,300
STEVE SCHABLE	VICE PRESIDENT	3.70	Officer Director	$7,200	$0	$7,200
KAREN WERNER	ASST SEC-TREAS.	4.50	Officer Director	$7,500	$0	$7,500
DAVID ONKEN	PRESIDENT	4.90	Officer Director	$6,600	$0	$6,600
ADAM HANDLOS	DIRECTOR	1.40	Director	$4,500	$0	$4,500
JEFF CRANSTON	DIRECTOR	3.60	Director	$6,000	$0	$6,000
JAMES GOSSETT	CEO	40.00	Officer	$180,465	$71,183	$251,648
EUGENE HANDLOS	CFO	40.00	Officer	$129,536	$29,402	$158,938
JACK SCANLAN	LINE SUPERINTENDENT	40.00	Highest	$117,067	$77,613	$194,680
RYAN GALLOWAY	LINE FOREMAN	40.00	Highest	$105,883	$21,373	$127,256
CHAD LANKFORD	METER TECHNICIAN	40.00	Highest	$106,864	$51,505	$158,369
MITCHELL MCKEEVER	OPERATIONS SUPERINTENDENT	40.00	Highest	$105,177	$70,134	$175,311
TERRY VAUBLE	LINE FOREMAN	40.00	Highest	$104,770	$69,158	$173,928

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	$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

RACCOON VALLEY ELECTRIC COOPERATIVE