Johnson County Rural Electric Membership Corporation JCREMC (EIN 350424700) - 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

JOHN STURM

Phone

3177366174

Tax Period

2023-01-01 to 2023-12-31

Johnson County Rural Electric Membership Corporation JCREMC, founded in 1936, is a mid-sized nonprofit that reported $73.4M in total revenue in fiscal year 2023. Expenses of $70.3M left a modest 4% surplus.

Mission

To safely and efficiently provide reliable electric services for the community

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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 $71,079,321

Investment Income $575,534

Other Revenue $1,724,298

TOTAL REVENUE $73,379,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,625,003

Fundraising Expenses $0

Program Expenses $70,268,557

Other Expenses $63,643,554

TOTAL EXPENSES $70,268,557

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,379,153	$70,521,868	+0.0%
Expenses	$70,268,557	$67,997,772	+0.0%
Net Income	$3,110,596	$2,524,096	+0.2%

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

$853,913

Total Directors

$209,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN STURM	CEO	45.00	Officer	$363,320	$59,869	$423,189
TERRY MILLER	VP of Finance	44.00	Officer	$174,168	$57,704	$231,872
KEVIN SHELLEY	VP of Engineering	43.00	Officer	$166,164	$32,688	$198,852
NICK STAINBROOK	Director of Operations	45.00	Highest	$153,627	$28,997	$182,624
SHAWN FRYE	Director of Technology	42.00	Highest	$133,552	$26,973	$160,525
DANIEL CORTHELL	Journeyman Lineman	48.00	Highest	$133,061	$18,325	$151,386
DANIEL WOOD	Line Superintendent	46.00	Highest	$131,943	$23,247	$155,190
STEVEN STOUT	Journeyman Lineman	48.00	Highest	$130,074	$11,081	$141,155
SETH BROWN	SecretaryTreasurer	7.400	Director	$25,750	$0	$33,450
LEE ANN WILBUR	President	5.600	Director	$25,650	$0	$33,350
STEPHEN WATSON	Vice President	4.700	Director	$25,600	$0	$33,300
RONALD BARNETT	Board of Director	6.900	Director	$25,400	$0	$33,100
JAMIE MEREDITH	Board of Director	6.600	Director	$21,550	$0	$29,250
DENNIS STEWART	Board of Director	3.600	Director	$18,700	$0	$24,250
GLENN MCALPIN	Board of Director	4.500	Director	$17,350	$0	$23,250

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	$73,379,153	$70,268,557	$179,762,305	$3,110,596
2022	$70,521,868	$67,997,772	$166,688,644	$2,524,096
2021	$62,222,719	$58,314,938	$152,019,482	$3,907,781
2020	$61,871,372	$58,312,238	$143,678,667	$3,559,134

Johnson County Rural Electric Membership Corporation JCREMC