LAGRANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 350457973) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

MARK LEU

Phone

2604637165

Tax Period

2024-01-01 to 2024-12-31

LAGRANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a mid-sized nonprofit that reported $18.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

AS A MEMBER OWNED, NON-PROFIT SERVICE ORGANIZATION, OUR MISSION IS TO PROVIDE EFFICIENT AND RELIABLE ELECTRIC SERVICE TO OUR MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,301,310

Investment Income $52,469

Other Revenue $1,045,845

TOTAL REVENUE $18,399,624

Expense Breakdown

Grants Paid $7,069

Salaries & Benefits $3,915,519

Fundraising Expenses $0

Other Expenses $14,208,749

TOTAL EXPENSES $18,173,064

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,399,624	$16,020,061	+0.1%
Expenses	$18,173,064	$16,347,367	+0.1%
Net Income	$226,560	$-327,306	-1.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✓ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$239,526

Total Directors

$95,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER DOMER	PRESIDENT	4.98	Officer Director	$14,500	$0	$14,500
TERRY HOLSINGER	VICE PRESIDE	5.38	Officer Director	$14,550	$0	$14,550
JEFF BRILL	SECRETARY/TR	3.69	Officer Director	$13,300	$0	$13,300
TONY BONTRAGER	DIRECTOR	3.68	Director	$12,550	$0	$12,550
CLIFF HIBBS	DIRECTOR	4.34	Director	$13,550	$0	$13,550
MICHAEL HUPPENTHAL	DIRECTOR	4.00	Director	$13,100	$0	$13,100
C SHANE RASLER	DIRECTOR	3.85	Director	$13,825	$0	$13,825
MARK LEU	CEO	40.00	Officer	$193,276	$3,900	$197,176
CHRISTOPHER D MYNHIER	EMPLOYEE	40.00	Highest	$107,801	$0	$107,801
NATHAN A YODER	EMPLOYEE	40.00	Highest	$114,887	$0	$114,887
MICHAEL A PETERSON	EMPLOYEE	40.00	Highest	$112,007	$0	$112,007
BRITTANY SAMS	EMPLOYEE	40.00	Highest	$105,374	$0	$105,374
BRANDON ALTIMUS	EMPLOYEE	40.00	Highest	$108,742	$0	$108,742

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	$18,399,624	$18,173,064	$59,565,197	$226,560
2023	$16,020,061	$16,347,367	$55,686,403	$-327,306
2022	$14,349,360	$14,088,193	$50,097,597	$261,167
2021	$13,085,399	$12,856,643	$33,814,139	$228,756
2020	$12,893,305	$12,757,761	$24,864,511	$135,544

LAGRANGE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION