PIONEER RURAL ELECTRIC COOPERATIVE INC (EIN 310407700) - 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

Principal Officer

Thomas J Musick

Phone

9377732523

Tax Period

2024-01-01 to 2024-12-31

PIONEER RURAL ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $83.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Electric distribution to over 17,350 members in eleven counties in rural Ohio

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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 $81,357,517

Investment Income $223,022

Other Revenue $1,874,089

TOTAL REVENUE $83,454,628

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $6,553,356

Fundraising Expenses $0

Program Expenses $83,454,628

Other Expenses $70,630,609

TOTAL EXPENSES $83,454,628

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,454,628	$76,695,547	+0.1%
Expenses	$83,454,628	$76,695,547	+0.1%
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

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

$913,807

Total Directors

$136,328

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald P Salyer	President/CEO	48	Officer	$223,503	$114,513	$338,016
Susan M Knore	Vice President/CFO	40.5	Officer	$199,230	$69,314	$268,544
F Lynn Maniaci	Director of Tech Services and Engring	41	Highest	$180,380	$87,448	$267,828
Steven A McClay	Director of Operations & Safety	45.5	Highest	$161,073	$96,875	$257,948
Jeff Dietz	Manager of Engineering	41	Highest	$174,298	$59,822	$234,120
Thomas Musick	President/CEO	48	Officer	$109,396	$118,338	$227,734
Todd D Garrett	Manager of Community & Gov't Relations	42.5	Highest	$154,553	$66,275	$220,828
Randy Carnahan	Leader Lineman	47	Highest	$135,378	$40,663	$176,041
Mark A Bailey	Chair	5.85	Officer Director	$17,765	$0	$17,765
John Goettemoeller	Secretary	2.45	Officer Director	$17,345	$0	$17,345
Colleen R Eidemiller	First Vice Chair	5.51	Officer Director	$15,740	$0	$15,740
Wade Wilhelm	Board Member	4.93	Director	$14,930	$0	$14,930
John Vulgamore	Treasurer	4.67	Officer Director	$14,408	$0	$14,408
Roger Bertke	Second Vice Chair	4.14	Officer Director	$14,255	$0	$14,255
Ted Black	Board Member	4.72	Director	$14,255	$0	$14,255
Robert Billings	Board Member	1.84	Director	$13,040	$0	$13,040
Bill Clark	Board Member	2.16	Director	$9,835	$0	$9,835
Terry Householder	Board Member Emeritus	1.02	Director	$4,755	$0	$4,755

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	$83,454,628	$83,454,628	$152,076,498	No data
2023	$76,695,547	$76,695,547	$147,340,975	No data
2022	$75,418,373	$75,418,373	$142,552,198	No data
2021	$72,827,818	$72,827,818	$137,811,122	No data
2020	$69,509,972	$69,509,972	$136,039,518	No data
2019	$70,502,871	$70,502,871	$131,462,796	No data
2018	$75,935,142	$75,935,142	$128,822,999	No data

PIONEER RURAL ELECTRIC COOPERATIVE INC