BUTLER RURAL ELECTRIC COOP INC (EIN 310231070) - 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

Phone

5138674400

Tax Period

2023-01-01 to 2023-12-31

BUTLER RURAL ELECTRIC COOP INC, founded in 1936, is a mid-sized nonprofit that reported $36.5M in total revenue in fiscal year 2023.

Mission

BUTLER RURAL ELECTRIC COOPERATIVE IS AN ELECTRIC DISTRIBUTION COOPERATIVE PROVIDING ELECTRIC SERVICES TO MEMBERS IN BUTLER HAMILTON PREBLE AND MONTGOMERY COUNTIES

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $35,390,150

Investment Income $242,552

Other Revenue $834,492

TOTAL REVENUE $36,467,194

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $5,766,196

Fundraising Expenses $0

Program Expenses $36,467,195

Other Expenses $27,884,394

TOTAL EXPENSES $36,467,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,467,194	$37,254,459	0.0%
Expenses	$36,467,194	$37,254,459	0.0%
Net Income	$0	$0	N/A

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

N/A

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

$378,784

Total Directors

$76,428

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS WOLFENBARGER	GENERAL MANAGER	45.00	Officer	$233,984	$90,637	$324,621
JULIE ABBOTT	DIRECTOR OF HUMAN RESOURCES	50.00	Highest	$149,086	$53,486	$202,572
LAURA SMITH	DIRECTOR OF CORPORATE AND MEMBER SERVICES	45.00	Highest	$147,624	$57,875	$205,499
MICHAEL MURRAY	DIRECTOR OF OPERATIONS	50.00	Highest	$146,793	$57,014	$203,807
STEVEN ABRAMS	LEAD LINEWORKER	48.00	Highest	$140,236	$49,086	$189,322
RAYMOND BRUNNER	OPERATIONS CONSTRUCTION COORDINATOR	42.00	Highest	$140,917	$50,878	$191,795
DAVID EVANS	PRESIDENT	9.00	Officer	$23,318	$0	$23,318
ROBERT HOELLE	VICE PRESIDENT	6.00	Officer	$14,401	$0	$14,401
JAMES MEADOR	SECRETARY TREASURER	7.00	Officer	$16,444	$0	$16,444
MICHAEL TILTON	TRUSTEE	6.00	Director	$16,450	$0	$16,450
THOMAS MCQUISTON	TRUSTEE	5.00	Director	$13,120	$0	$13,120
JAMES O'BRIEN	TRUSTEE	5.00	Director	$12,743	$0	$12,743
RONALD KOLB	TRUSTEE	7.00	Director	$12,328	$0	$12,328
ROBERT SPAETH	TRUSTEE	8.00	Director	$11,388	$0	$11,388
JAY HASBROOK	TRUSTEE	6.00	Director	$10,399	$0	$10,399

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	No data	No data	No data	No data
2023	$36,467,194	$36,467,194	$96,462,443	No data
2022	$37,254,459	$37,254,459	$94,737,725	No data
2021	$35,958,515	$35,958,515	$91,497,064	No data
2020	$34,147,071	$34,147,071	$92,038,722	No data
2019	$34,338,260	$34,338,260	$89,731,016	No data

BUTLER RURAL ELECTRIC COOP INC