DARKE RURAL ELECTRIC COOPERATIVE INC

EIN: 344215670

GREENVILLE, OH

Total Revenue
$19,701,033
Total Expenses
$19,701,033
Total Assets
$45,466,343
Net Assets
$19,979,408
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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
Brad Flora
Phone
9375484114
Tax Period
2024-01-01 to 2024-12-31

DARKE RURAL ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $19.7M in total revenue in fiscal year 2024.

Mission

DARKE RURAL ELECTRIC COOPERATIVE, INC. IS AN ELECTRIC COOPERATIVE, PROVIDING ELECTRIC SERVICE TO OVER 4,370 MEMBERS IN DARKE, PREBLE AND MERCER COUNTIES IN 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $19,191,805
Investment Income $61,323
Other Revenue $447,905
TOTAL REVENUE $19,701,033

Expense Breakdown

Grants Paid $6,000
Salaries & Benefits $2,886,308
Fundraising Expenses $0
Program Expenses $19,701,033
Other Expenses $15,548,039
TOTAL EXPENSES $19,701,033

Year-over-Year Comparison

2024 2023 Change
Revenue $19,701,033 $18,787,119 +0.0%
Expenses $19,701,033 $18,787,119 +0.0%
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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Governance

Voting Members
7
Independent Members
7
Employees
22
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
$465,856
Total Directors
7
$57,585
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY SCHOLL LINEMAN 46.90
Highest
$127,738 $115,859 $243,597
JOHN BLINN LINE FOREMAN 41.5
Highest
$139,200 $103,485 $242,685
TED HOLSAPPLE CEO (Retired 1/3/25) 45.5
Officer
$177,034 $50,546 $227,580
ROY ENDICOTT SR LINEMAN 46.70
Highest
$131,726 $81,948 $213,674
BRUCE BURKE DIRECTOR OF ENGINEERING/IT 51.1
Highest
$117,429 $71,372 $188,801
BRAD FLORA COO (assumed CEO role 1/3/25) 44.0
Officer
$134,692 $48,577 $183,269
NILES SWANK DIRECTOR OF OPERATIONS 41.50
Highest
$132,468 $30,717 $163,185
PAM HOLSAPPLE CFO 41.0
Officer
$23,481 $4,646 $28,127
TOD CARROLL VICE PRESIDENT BOARD OF TRUSTEES 5.0
Officer Director
$10,500 $0 $10,500
ROBERT GODOWN TRUSTEE 4.0
Director
$8,795 $0 $8,795
MATT WEBSTER PRESIDENT BOARD OF TRUSTEES 4.0
Officer Director
$8,590 $0 $8,590
DAVID COONS TRUSTEE 4.0
Director
$7,920 $0 $7,920
STEPHEN VANZANT TRUSTEE 4.0
Director
$7,870 $0 $7,870
MICHELLE MARKER SECRETARY & TREASURER BOARD OF TRUSTEES 3.0
Officer Director
$7,790 $0 $7,790
AARON SIEFRING TRUSTEE 2.0
Director
$6,120 $0 $6,120
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 $19,701,033 $19,701,033 $45,466,343 No data
2023 $18,787,119 $18,787,119 $43,931,933 No data
2022 $18,112,710 $18,112,710 $42,662,050 No data
2021 $16,435,137 $16,435,137 $41,219,507 No data
2020 $15,634,830 $15,634,830 $38,291,951 No data
2019 $15,151,763 $15,151,763 $37,549,114 No data
2018 $16,022,198 $16,022,198 $35,276,149 No data
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