BARTHOLOMEW COUNTY REMC (EIN 350165008) - 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

1937

Legal Domicile

Principal Officer

COURTNEY METZGER

Phone

8123722546

Tax Period

2023-01-01 to 2023-12-31

BARTHOLOMEW COUNTY REMC, founded in 1937, is a mid-sized nonprofit that reported $52.5M in total revenue in fiscal year 2023.

Mission

DISTRIBUTION OF ELECTRICITY TO APPROXMIATELY 10,200 MEMBERS ON A COOPERATIVE BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,661,727

Investment Income $335,789

Other Revenue $1,540,059

TOTAL REVENUE $52,537,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,859,545

Fundraising Expenses $0

Other Expenses $46,613,052

TOTAL EXPENSES $52,537,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$52,537,575	$49,180,563	+0.1%
Expenses	$52,537,575	$49,180,563	+0.1%
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

$347,860

Total Directors

$101,478

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CURT BURBRINK	PRESIDENT	5.92	Director	$19,828	$0	$19,828
JOHN HARKER	VICE PRESIDENT	3.81	Director	$13,250	$0	$13,250
JANET ANTHONY	SECRETARY	12.25	Director	$14,125	$0	$14,125
DAN FLEMING	TREASURER	4.50	Director	$12,625	$0	$12,625
RON ARNHOLT	DIRECTOR	3.42	Director	$14,250	$0	$14,250
BRETT GLICK	DIRECTOR	3.06	Director	$14,750	$0	$14,750
LARRY HOELTKE	DIRECTOR	2.29	Director	$12,650	$0	$12,650
COURTNEY METZGER	CEO	45.00	Officer	$232,572	$115,288	$347,860
MATTHEW HACKMAN	VP-STRATEGY & CFO	45.00	Highest	$206,204	$103,839	$310,043
MARIETTA LASURE	VP-COMM. & MEMBER SERVICES	45.00	Highest	$173,920	$68,806	$242,726
JONAH BREWER	JOURNEYMAN LINEMAN	47.37	Highest	$138,038	$27,943	$165,981
PAUL WARD	JOURNEYMAN LINEMAN	46.62	Highest	$135,760	$68,304	$204,064
ANDREW HUDSON	JOURNEYMAN LINEMAN	46.41	Highest	$131,655	$41,920	$173,575
JEFFREY SCHWARTZKOPF	JOURNEYMAN LINEMAN	45.65	Highest	$129,494	$45,495	$174,989

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	$52,537,575	$52,537,575	$78,881,964	No data
2022	$49,180,563	$49,180,563	$76,774,555	No data
2021	$45,185,369	$45,175,015	$73,524,777	$10,354
2020	$45,424,754	$45,413,037	$73,482,446	$11,717
2019	$47,225,243	$47,220,958	$72,754,847	$4,285

BARTHOLOMEW COUNTY REMC