KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION

EIN: 350431792

WANATAH, IN

Total Revenue
$43,530,628
Total Expenses
$40,803,340
Total Assets
$103,833,079
Net Assets
$55,740,991
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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
1939
Legal Domicile
IN
Principal Officer
SCOTT A SEARS
Phone
2197332511
Tax Period
2023-01-01 to 2023-12-31

KANKAKEE VALLEY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $43.5M in total revenue in fiscal year 2023. Expenses of $40.8M left a modest 6% surplus.

Mission

KANKAKEE VALLEY REMC IS A RURAL ELECTRIC UTILITY SERVING MEMBERS IN PARTS OF SEVEN COUNTIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $42,174,726
Investment Income $287,087
Other Revenue $1,068,815
TOTAL REVENUE $43,530,628

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $40,803,340
Other Expenses $40,803,340
TOTAL EXPENSES $40,803,340

Year-over-Year Comparison

2023 2022 Change
Revenue $43,530,628 $41,267,905 +0.1%
Expenses $40,803,340 $39,369,908 +0.0%
Net Income $2,727,288 $1,897,997 +0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
58
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
4
$377,895
Total Directors
7
$86,400
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIAN BIRKY DIRECTOR 2.87
Director
$10,500 $0 $10,500
DAVID JANNEY VICE-PRESIDENT 6.93
Officer Director
$12,000 $0 $12,000
DEAN MORETTON DIRECTOR 4.76
Director
$15,300 $0 $15,300
MICHAEL YANKAUSKAS PRESIDENT 7.42
Officer Director
$14,700 $0 $14,700
RUSSELL GUSE DIRECTOR 1.77
Director
$10,500 $0 $10,500
WILLIAM BOHLING SECRETARY 5.35
Officer Director
$11,400 $0 $11,400
KATRINA HARPER DIRECTOR 3.82
Director
$12,000 $0 $12,000
SCOTT SEARS CEO 40.00
Officer
$205,888 $133,907 $339,795
SCOTT HANSON DIRECTOR OF OPERATIONS 40.00
Highest
$150,891 $39,209 $190,100
BRITTANY TRAVIS DIRECTOR OF ENGINEERING 40.00
Highest
$141,338 $6,721 $148,059
JASON HUGHES JOURNEYMAN LINEMAN 46.35
Highest
$125,508 $35,718 $161,226
JESSE WEBB LINE SUPERINTENDENT 44.08
Highest
$122,158 $34,541 $156,699
SCOTT SIKORA JOURNEYMAN LINEMAN 45.20
Highest
$119,519 $47,169 $166,688
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 $43,530,628 $40,803,340 $103,833,079 $2,727,288
2022 $41,267,905 $39,369,908 $92,935,164 $1,897,997
2021 $40,240,258 $36,819,114 $81,950,710 $3,421,144
2020 $39,130,098 $35,840,749 $74,486,415 $3,289,349
2019 $38,355,621 $34,738,051 $70,090,165 $3,617,570
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