UNION RURAL ELECTRIC TRUST INC (EIN 311647785) - 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

1998

Legal Domicile

Principal Officer

JEFF GROSE

Phone

9376421826

Tax Period

2023-01-01 to 2023-12-31

UNION RURAL ELECTRIC TRUST INC, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $32K in total revenue in fiscal year 2023. Expenses of $39K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE FUNDS TO CHARITABLE ORGANIZATIONS AND NEEDY INDIVIDUALS FOR CHARITABLE PURPOSES OF PROVIDING FOOD, SHELTER, EQUIPMENT, CLOTHING, HEALTH AND EDUCATIONAL NEEDS.

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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 $31,812

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $31,812

Expense Breakdown

Grants Paid $38,956

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,142

Other Expenses $186

TOTAL EXPENSES $39,142

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,812	$32,820	0.0%
Expenses	$39,142	$37,008	+0.1%
Net Income	$-7,330	$-4,188	+0.8%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CROSTHWAITE	TRUSTEE	1.00	Director	$0	$0	$0
JEFF GROSE	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD MEIRING	PRESIDENT	1.00	Officer Director	$0	$0	$0
EUGENE NICOL	TRUSTEE	1.00	Director	$0	$0	$0
ASHLEY ULMER	SECRETARY	1.00	Officer Director	$0	$0	$0
SALLY WARD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
REBECCA WEVER	TRUSTEE	1.00	Director	$0	$0	$0

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$31,812	$39,142	$5,741	$-7,330
2022	$32,820	$37,008	$13,071	$-4,188
2021	$30,466	$20,726	$17,259	$9,740
2020	$30,004	$31,774	$7,519	$-1,770
2019	$30,125	$36,491	$9,289	$-6,366
2018	$30,985	$17,748	$15,655	$13,237

UNION RURAL ELECTRIC TRUST INC