KOSCIUSKO REMC (EIN 350449575) - 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

1935

Legal Domicile

Principal Officer

TIM LANDRIGAN

Phone

5742676331

Tax Period

2024-01-01 to 2024-12-31

KOSCIUSKO REMC, founded in 1935, is a mid-sized nonprofit that reported $58.7M in total revenue in fiscal year 2024. Expenses of $54.3M left a modest 7% surplus.

Mission

TO PROVIDE ELECTRICITY TO ITS MEMBER/CUSTOMERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $56,209,938

Investment Income $561,707

Other Revenue $1,919,646

TOTAL REVENUE $58,691,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,878,938

Fundraising Expenses $0

Program Expenses $54,232,108

Other Expenses $52,441,056

TOTAL EXPENSES $54,319,994

Year-over-Year Comparison

	2024	2023	Change
Revenue	$58,691,291	$55,044,876	+0.1%
Expenses	$54,319,994	$52,978,267	+0.0%
Net Income	$4,371,297	$2,066,609	+1.1%

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

$656,855

Total Directors

$152,954

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY BOUSE	DIRECTOR	1.00	Director	$7,600	$3	$7,603
JOHN HAND	DIRECTOR	1.00	Director	$17,560	$6	$17,566
RICK PARKER	DIRECTOR	1.00	Director	$17,200	$6	$17,206
DANIEL TUCKER	DIRECTOR	1.00	Director	$14,460	$6	$14,466
PAM MESSMORE	DIRECTOR	1.00	Director	$16,000	$6	$16,006
STEVE E MINER	DIRECTOR	1.00	Director	$18,800	$6	$18,806
ANTHONY FLEMING	DIRECTOR	1.00	Director	$16,480	$6	$16,486
TODD SMITH	DIRECTOR	1.00	Director	$18,400	$6	$18,406
LORETTA SCHAFER	DIRECTOR	1.00	Director	$16,400	$6	$16,406
TYLER BOUSE	DIRECTOR	1.00	Director	$10,000	$3	$10,003
KURT CARVER	PRESIDENT & CEO	40.00	Officer	$354,773	$88,026	$442,799
TIM LANDRIGAN	CFO	40.00	Officer	$162,276	$51,780	$214,056
JEFF MOORE	VP OF ENGIN/OPER.	40.00	Highest	$174,734	$65,442	$240,176
CURT BARKEY	VP OF TECH. & BROADBAND	40.00	Highest	$162,235	$48,469	$210,704
JON JUSTICE	OPERATIONS MANAGER	40.00	Highest	$133,289	$57,459	$190,748
CODY KINDLE	LINEMAN	50.00	Highest	$144,563	$28,574	$173,137
VICKY PATTERSON	VP OF HUMAN RESOURCES	40.00	Highest	$131,545	$33,997	$165,542

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	$58,691,291	$54,319,994	$147,384,924	$4,371,297
2023	$55,044,876	$52,978,267	$142,564,480	$2,066,609
2022	$51,459,225	$49,742,337	$131,199,906	$1,716,888
2021	$50,256,556	$46,458,859	$103,207,559	$3,797,697
2020	$49,567,753	$45,426,034	$86,086,968	$4,141,719

KOSCIUSKO REMC