LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC (EIN 340365430) - 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

EDWARD VANHOOSE

Phone

4406472133

Tax Period

2025-01-01 to 2025-12-31

LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $54.0M in total revenue in fiscal year 2025. Expenses of $52.0M left a modest 4% surplus.

Mission

TO PROVIDE ELECTRICITY AND RELATED SERVICES TO MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $52,167,702

Investment Income $187,235

Other Revenue $1,607,665

TOTAL REVENUE $53,962,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,415,132

Fundraising Expenses $0

Program Expenses $51,964,636

Other Expenses $48,296,174

TOTAL EXPENSES $52,018,238

Year-over-Year Comparison

	2025	2024	Change
Revenue	$53,962,602	$50,615,188	+0.1%
Expenses	$52,018,238	$43,688,290	+0.2%
Net Income	$1,944,364	$6,926,898	-0.7%

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

$1,359,182

Total Directors

$112,325

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY EATON	CHAIR	4.93	Officer Director	$18,275	$0	$18,275
GARY ROWLAND	VICE CHAIR	5.63	Officer Director	$17,450	$0	$17,450
KEITH LOWE	TREASURER	2.61	Officer Director	$9,450	$0	$9,450
BRENDA WOLFE	SECRETARY	3.88	Officer Director	$11,200	$0	$11,200
GARY BRODERICK START 0725	DIRECTOR	5.30	Director	$4,675	$0	$4,675
JUDY PICKWORTH	DIRECTOR	4.89	Director	$14,875	$0	$14,875
JOSEPH SWINKO	DIRECTOR	7.17	Director	$12,750	$0	$12,750
RICHARD DUMPERTH	DIRECTOR	2.77	Director	$6,750	$0	$6,750
KENNETH DIEDRICK THRU 0625	DIRECTOR	3.01	Director	$5,950	$0	$5,950
BRADY MCCANN	DIRECTOR	3.95	Director	$10,950	$0	$10,950
JOSHUA LONG	CFO	40.00	Officer	$116,135	$31,043	$147,178
BRAD WARNEMENT	CPE	40.00	Officer	$126,062	$111,288	$237,350
EDWARD VANHOOOSE	CEO	40.00	Officer	$277,887	$97,693	$375,580
ANDREW RUFFINNG	CAO	40.00	Officer	$103,942	$30,177	$134,119
JUSTIS CLIFFORD	CSO	40.00	Officer	$103,942	$28,182	$132,124
JORDAN HOFFMAN	COO	40.00	Officer	$119,581	$43,043	$162,624
MATTHEW FRANKART	CPE	40.00	Officer	$103,941	$9,891	$113,832
JAMES BRASEE	OPERATIONS MANAGER	40.00	Highest	$146,538	$153,258	$299,796
JAMES SPEARS	FOREMAN	42.41	Highest	$112,424	$118,108	$230,532
GERALD WEIDRICK	FOREMAN	40.01	Highest	$112,424	$106,828	$219,252
COLLEEN ANTHONY	ACCOUNTING MANAGER	40.00	Highest	$131,178	$108,333	$239,511

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	$53,962,602	$52,018,238	$135,237,730	$1,944,364
2024	$50,615,188	$43,688,290	$122,929,686	$6,926,898
2023	$49,578,413	$41,651,270	$113,241,930	$7,927,143
2022	$48,347,059	$40,980,234	$106,860,497	$7,366,825
2021	$43,488,454	$38,490,542	$103,003,393	$4,997,912
2020	$40,199,966	$36,447,599	$101,399,261	$3,752,367
2019	$40,792,883	$35,831,188	$90,990,146	$4,961,695

LORAIN-MEDINA RURAL ELECTRIC COOPERATIVE INC