PARKE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 350568161) - 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

MARK G EVANS

Phone

7655693133

Tax Period

2024-01-01 to 2024-12-31

PARKE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $30.0M in total revenue in fiscal year 2024.

Mission

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 12,600 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,592,460

Investment Income $88,498

Other Revenue $1,276,900

TOTAL REVENUE $29,957,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,755,566

Fundraising Expenses $0

Other Expenses $24,794,451

TOTAL EXPENSES $29,970,212

Year-over-Year Comparison

	2024	2023	Change
Revenue	$29,957,858	$30,050,488	0.0%
Expenses	$29,970,212	$30,062,482	0.0%
Net Income	$-12,354	$-11,994	+0.0%

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

$294,677

Total Directors

$108,032

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEITH BLAYDES	DIRECTOR	3.00	Director	$11,700	$0	$11,700
MARK EVANS	PRESIDENT	6.00	Officer Director	$14,085	$0	$14,085
JANEAN DEPLANTY	SECRETARY/TREASURER	3.00	Officer Director	$11,340	$0	$11,340
DOUG BROWN	DIRECTOR	3.00	Director	$22,921	$0	$22,921
KEVIN COX	VICE PRESIDENT	3.00	Officer Director	$22,366	$0	$22,366
SHANE JOHNSON	DIRECTOR	4.00	Director	$12,625	$0	$12,625
MICHAEL CARPENTER	DIRECTOR	5.00	Director	$12,995	$0	$12,995
CHADD JENKINS	CEO/GENERAL MANAGER	53.00	Officer	$201,230	$45,656	$246,886
BETTY WINTERS	MANAGER OF FINANCE & ADMIN	48.00	Highest	$150,844	$41,497	$192,341
RYLAN CARR	JOURNEYMAN LINEMAN	50.94	Highest	$145,297	$28,614	$173,911
DANIEL HARKRIDER	JOURNEYMAN LINEMAN	49.49	Highest	$136,857	$35,089	$171,946
ROGER MILLS	JOURNEYMAN LINEMAN	49.46	Highest	$135,661	$30,158	$165,819
KADE BAKER	JOURNEYMAN LINEMAN	49.29	Highest	$138,435	$20,438	$158,873

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	$29,957,858	$29,970,212	$80,735,528	$-12,354
2023	$30,050,488	$30,062,482	$76,776,658	$-11,994
2022	$29,048,891	$29,059,328	$73,487,954	$-10,437
2021	$27,133,296	$27,141,541	$64,164,173	$-8,245
2020	$26,158,905	$26,167,628	$62,379,550	$-8,723
2019	$26,246,686	$26,255,049	$61,158,750	$-8,363

PARKE COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION