BUCKEYE RURAL ELECTRIC CO-OP INC

EIN: 314137520

RIO GRANDE, OH

Total Revenue
$46,999,381
Total Expenses
$46,999,381
Total Assets
$143,780,464
Net Assets
$47,263,771
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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
1937
Legal Domicile
OH
Principal Officer
PAUL BERRIDGE
Tax Period
2023-01-01 to 2023-12-31

BUCKEYE RURAL ELECTRIC CO-OP INC, founded in 1937, is a mid-sized nonprofit that reported $47.0M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE COOPERATIVE IS TO PROVIDE ELECTRIC SERVICE TO THE MEMBERS OF THE COOPERATIVE IN THE NINE COUNTIES OF SOUTHERN OHIO. THE COOPERATIVE IS A MEMBER-OWNED, LOCALLY MANAGED AND DEMOCRATICALLY- CONTROLLED UTILITY WITH ROOTS GOING BACK TO THE MID-1930S.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $43,720,915
Investment Income $364,336
Other Revenue $2,914,130
TOTAL REVENUE $46,999,381

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $5,371,383
Fundraising Expenses $0
Program Expenses $46,999,381
Other Expenses $37,920,138
TOTAL EXPENSES $46,999,381

Year-over-Year Comparison

2023 2022 Change
Revenue $46,999,381 $45,001,606 +0.0%
Expenses $46,999,381 $45,001,606 +0.0%
Net Income $0 N/A 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

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Governance

Voting Members
9
Independent Members
9
Employees
61
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
5
$661,847
Total Directors
9
$117,800
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KENT ELDRIDGE GM/CEO 40.00
Officer
$179,183 $72,208 $251,391
JUSTIN EVANS CFO 40.00
Officer
$129,683 $73,541 $203,224
JAMES WALKER LINEMAN 49.89
Highest
$124,881 $56,015 $180,896
JAMES STAPLETON LINEMAN 52.39
Highest
$138,410 $40,850 $179,260
CODY WALTER LINEMAN 49.80
Highest
$123,237 $55,450 $178,687
TIMOTHY TUCKER LINEMAN 48.44
Highest
$120,225 $49,003 $169,228
MELANIE LAWRENCE VP OF ADMIN 41.69
Officer
$112,663 $55,569 $168,232
ERIN SCHNIEDER LINEMAN 46.77
Highest
$116,204 $19,625 $135,829
PAUL BERRIDGE PRESIDENT 6.52
Officer Director
$20,500 $0 $20,500
WILLIAM H HOLCOMB SECT/TREAS 7.61
Officer Director
$18,500 $0 $18,500
J WESLEY WILLIAMS TRUSTEE 7.06
Director
$17,200 $0 $17,200
DENNIS BLAKEMAN TRUSTEE 5.43
Director
$15,200 $0 $15,200
RONALD HATFIELD TRUSTEE 4.97
Director
$12,000 $0 $12,000
DANIEL NEWSOME TRUSTEE 4.33
Director
$11,600 $0 $11,600
JAMES M HERRELL TRUSTEE 4.63
Director
$8,400 $0 $8,400
TIMOTHY STEPHEN MASSIE TRUSTEE 2.89
Director
$8,400 $0 $8,400
JODIE PENROD TRUSTEE 0.99
Director
$6,000 $0 $6,000
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 $46,999,381 $46,999,381 $143,780,464 No data
2022 $45,001,606 $45,001,606 $134,271,521 No data
2021 $42,883,645 $42,883,645 $133,098,121 No data
2020 $42,046,838 $42,046,838 $132,213,806 No data
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