STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 350687680) - 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

KEVIN KEISER

Phone

2606653563

Tax Period

2024-01-01 to 2024-12-31

STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $31.3M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $28.6M left a modest 9% surplus.

Mission

ELECTRIC COOPERATIVE

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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 $30,196,066

Investment Income $21,835

Other Revenue $1,076,475

TOTAL REVENUE $31,294,376

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,260,691

Fundraising Expenses $0

Other Expenses $25,320,533

TOTAL EXPENSES $28,581,224

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,294,376	$27,237,127	+0.1%
Expenses	$28,581,224	$26,056,299	+0.1%
Net Income	$2,713,152	$1,180,828	+1.3%

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

$278,245

Total Directors

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WAYNE GINGRICH	PRES	4.95	Officer Director	$10,800	$0	$10,800
LARRY JACK	V PRES	1.87	Officer Director	$6,800	$0	$6,800
GARY SHOUGH	SEC/TREAS	4.96	Officer Director	$12,000	$0	$12,000
MARC NELSON	DIRECTOR	3.28	Director	$10,800	$0	$10,800
CARTER SNIDER	DIRECTOR	5.52	Director	$7,200	$0	$7,200
MICHAEL KURTZ	DIRECTOR	9.72	Director	$6,400	$0	$6,400
WILLIAM SNYDER	DIRECTOR	3.31	Director	$4,800	$0	$4,800
NEASA KALME	DIRECTOR	3.93	Director	$6,000	$0	$6,000
SAMUEL GUS REED	DIRECTOR	5.33	Director	$7,200	$0	$7,200
KEVIN KEISER	CEO	50.00	Officer	$219,426	$29,219	$248,645
NAMON MEYERS	LINEMAN	40.00	Highest	$120,766	$8,617	$129,383
DUSTIN EVERETTS	DIRECTOR OF	40.00	Highest	$128,996	$5,353	$134,349
BRADEN NICHOLS	LINEMAN	40.00	Highest	$107,399	$18,487	$125,886
STEVE SMITH	CFO	40.00	Highest	$113,283	$21,590	$134,873
DAYLON ULRICH	LINEMAN	40.00	Highest	$116,037	$10,454	$126,491

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	$31,294,376	$28,581,224	$76,297,082	$2,713,152
2023	$27,237,127	$26,056,299	$72,326,480	$1,180,828
2022	$24,721,068	$23,874,923	$49,035,276	$846,145
2021	$24,050,983	$22,504,164	$37,231,769	$1,546,819
2020	$22,299,356	$20,578,767	$35,977,823	$1,720,589

STEUBEN COUNTY RURAL ELECTRIC MEMBERSHIP CORPORATION