DARKE RURAL ELECTRIC COOPERATIVE I… - Form 990 Financial Data

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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

BRAD FLORA

Phone

9375484114

Tax Period

2025-01-01 to 2025-12-31

DARKE RURAL ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $20.3M in total revenue in fiscal year 2025.

Mission

TO PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRIC TO THE RURAL AREAS OF DARKE, PREBLE AND MERCER COUNTIES IN OHIO.

Program Service Accomplishments

Program 1

Expenses: $20,272,972 Revenue: $0

TO PROVIDE SAFE, AFFORDABLE AND RELIABLE ELECTRIC TO THE RURAL AREAS OF 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $19,614,341

Investment Income $95,583

Other Revenue $563,048

TOTAL REVENUE $20,272,972

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $2,905,627

Fundraising Expenses $0

Program Expenses $20,272,972

Other Expenses $16,077,823

TOTAL EXPENSES $20,272,972

Year-over-Year Comparison

	2025	2024	Change
Revenue	$20,272,972	$19,701,033	+0.0%
Expenses	$20,272,972	$19,701,033	+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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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

$515,494

Total Directors

$58,440

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD FLORA	CEO	45.9	Officer	$175,917	$84,298	$260,215
BRUCE BURKE	DIRECTOR OF ENGINEERING/IT	52.5	Highest	$127,391	$126,887	$254,278
LARRY SCHOLL	LINEMAN	46.0	Highest	$120,662	$122,679	$243,341
ROY ENDICOTT SR	LINEMAN	45.8	Highest	$125,633	$84,181	$209,814
JOHN BLINN	LINE SUPERVISOR	41	Highest	$114,921	$76,927	$191,848
NILES SWANK	DIRECTOR OF OPERATIONS	41.0	Highest	$140,916	$36,560	$177,476
PAM HOLSAPPLE	CFO	41.8	Officer	$122,612	$28,978	$151,590
TED HOLSAPPLE	CEO - RETIRED 1/3/2025	0.8	Officer	$32,231	$42,583	$74,814
TOD CARROLL	VICE PRESIDENT BOARD OF TRUSTEES	5.0	Officer Director	$10,325	$0	$10,325
MATT WEBSTER	PRESIDENT BOARD OF TRUSTEES	4.5	Officer Director	$10,025	$0	$10,025
ROBERT GODOWN	TRUSTEE	4.5	Director	$9,275	$0	$9,275
MICHELLE MARKER	SECRETARY & TREASURER BOARD OF TRUSTEES	2.5	Officer Director	$8,525	$0	$8,525
DAVID COONS	TRUSTEE	3.5	Director	$7,920	$0	$7,920
AARON SIEFRING	TRUSTEE	1.5	Director	$6,500	$0	$6,500
STEPHEN VANZANT	TRUSTEE	4.0	Director	$5,870	$0	$5,870

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	$20,272,972	$20,272,972	$46,083,946	No data
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

DARKE RURAL ELECTRIC COOPERATIVE INC