UNION RURAL ELECTRIC CO-OP INC

EIN: 314329510

Marysville, OH

Total Revenue
$66,933,265
Total Expenses
$63,489,901
Total Assets
$115,149,437
Net Assets
$59,314,635
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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
OH
Principal Officer
Anthony P Smith
Phone
9376421826
Tax Period
2023-01-01 to 2023-12-31

UNION RURAL ELECTRIC CO-OP INC, founded in 1936, is a mid-sized nonprofit that reported $66.9M in total revenue in fiscal year 2023. Expenses of $63.5M left a modest 5% surplus.

Mission

Our mission is to make a difference in our community by delivering safe and reliable energy to our members at fair prices.

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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 $60,893,578
Investment Income $29,442
Other Revenue $6,010,245
TOTAL REVENUE $66,933,265

Expense Breakdown

Grants Paid $105,743
Salaries & Benefits $821,921
Fundraising Expenses $0
Program Expenses $63,489,901
Other Expenses $59,273,033
TOTAL EXPENSES $63,489,901

Year-over-Year Comparison

2023 2022 Change
Revenue $66,933,265 $63,176,541 +0.1%
Expenses $63,489,901 $63,239,404 +0.0%
Net Income $3,443,364 $-62,863 -55.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
48
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
6
$784,296
Total Directors
7
$88,925
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Anthony P Smith President/CEO 45
Officer
$247,982 $196,191 $444,173
David G Speicher VP Finance/CFO 45
Officer
$176,258 $112,565 $288,823
Michael C Aquillo CXO 40
Highest
$171,503 $85,447 $256,950
Matthew J Zarnosky COO 45
Highest
$172,706 $75,083 $247,789
Sean T Luellen Crew Leader 46
Highest
$134,599 $60,269 $194,868
Benjamin A Hoyer Crew Leader 49.69
Highest
$129,047 $52,476 $181,523
Steve Lentz Director of Information Technology 45
Highest
$134,063 $44,682 $178,745
William D'Onofrio Former Trustee 0
$50,393 $0 $50,393
Dale Scheiderer Trustee, Treasurer 3.05
Officer Director
$12,975 $0 $12,975
Steve Patton Trustee, Chairman 2.81
Officer Director
$12,975 $0 $12,975
Jeffrey Reinhard Trustee, Secretary 3.11
Officer Director
$12,975 $0 $12,975
David Thornton Trustee 2.9
Director
$12,675 $0 $12,675
Mark Lotcyz Trustee 3.36
Director
$12,650 $0 $12,650
Dan Westlake Trustee, Vice Chairman 2.18
Officer Director
$12,375 $0 $12,375
Jeffrey Wilson Trustee 2.52
Director
$0 $12,300 $12,300
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 $66,933,265 $63,489,901 $115,149,437 $3,443,364
2022 $63,176,541 $63,239,404 $111,821,827 $-62,863
2021 $61,032,798 $61,097,962 $107,663,886 $-65,164
2020 $57,269,067 $57,329,578 $106,152,852 $-60,511
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