TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 350711159) - 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

1938

Legal Domicile

Principal Officer

RONALD L HOLCOMB

Phone

8007263953

Tax Period

2023-01-01 to 2023-12-31

TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $86.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

DISTRIBUTION OF ELECTRICITY TO 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $83,479,530

Investment Income $128,796

Other Revenue $2,775,089

TOTAL REVENUE $86,383,415

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $86,326,278

Other Expenses $82,481,254

TOTAL EXPENSES $86,326,278

Year-over-Year Comparison

	2023	2022	Change
Revenue	$86,383,415	$79,467,058	+0.1%
Expenses	$86,326,278	$79,407,364	+0.1%
Net Income	$57,137	$59,694	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

137

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

$1,043,295

Total Directors

$182,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD L HOLCOMB	PRESIDENT &	55.00	Officer	$381,023	$71,561	$452,584
JENNIFER RUFATTO	CMO	50.00	Officer	$263,722	$38,395	$302,117
JEREMY KONKLE	COO	50.00	Officer	$259,289	$29,305	$288,594
TRAVIS L BAILEY	TECHNOLOGY I	40.00	Highest	$200,879	$28,891	$229,770
JASON M MONROE	CUSTOMER EXP	40.00	Highest	$217,496	$11,586	$229,082
DOUGLAS L MARTIN	VP, FINANCE	40.00	Highest	$200,722	$27,592	$228,314
JOSEPH P KLINE	DIRECTOR OF	40.00	Highest	$153,008	$50,255	$203,263
CHRISTOPHER BLAISDELL	SYSTEM ENGIN	40.00	Highest	$154,236	$40,801	$195,037
LARRY E CARLSON	DIRECTOR	9.00	Director	$44,365	$0	$44,365
ROBERT J BAKER	DIRECTOR	25.00	Director	$42,245	$0	$42,245
KIRK ALTER	SECRETARY/TR	15.00	Director	$32,340	$0	$32,340
JANET HARLOW	DIRECTOR	8.00	Director	$17,122	$0	$17,122
LYNN BECK	VICE CHAIRMA	20.00	Director	$16,926	$0	$16,926
BRANDON S BIBLE	CHAIRMAN	7.00	Director	$16,481	$0	$16,481
WESLEY STOCKDALE	DIRECTOR	7.00	Director	$12,596	$0	$12,596

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	$86,383,415	$86,326,278	$277,633,776	$57,137
2022	$79,467,058	$79,407,364	$254,841,288	$59,694
2021	$75,841,839	$75,803,235	$238,009,464	$38,604
2020	$69,892,141	$69,857,367	$218,036,452	$34,774
2019	$68,913,464	$68,898,247	$195,801,614	$15,217
2018	$67,718,019	$67,716,843	$183,828,443	$1,176

TIPMONT RURAL ELECTRIC MEMBERSHIP CORPORATION