RUSHSHELBY ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 352068789) - 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

1999

Legal Domicile

Principal Officer

SAM KINDER

Phone

7655442600

Tax Period

2023-01-01 to 2023-12-31

RUSHSHELBY ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1999, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $55.8M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

RUSHSHELBY ENERGY IS A DISTRIBUTION ELECTRIC COOPERATIVE PROVIDING SALES OF ELECTRICITY AND RELATED EQUIPMENT AND SERVICES TO MEMBERS OF OUR RURAL ELECTRIC MEMBERSHIP 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $54,021,730

Investment Income $147,145

Other Revenue $1,623,703

TOTAL REVENUE $55,792,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,227,210

Fundraising Expenses $0

Program Expenses $54,147,028

Other Expenses $49,373,474

TOTAL EXPENSES $54,147,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,792,578	$51,641,871	+0.1%
Expenses	$54,147,028	$50,392,913	+0.1%
Net Income	$1,645,550	$1,248,958	+0.3%

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

N/A

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

$494,242

Total Directors

$95,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN BACON	VICE PRESIDENT	4.21	Officer Director	$11,000	$0	$11,000
ANN SIPES	DIRECTOR	3.96	Director	$10,400	$0	$10,400
MARK NIGH	DIRECTOR	4.21	Director	$10,550	$0	$10,550
FRED SMITH	DIRECTOR	7.13	Director	$9,800	$0	$9,800
BOB STROUP	DIRECTOR	14.52	Director	$10,600	$0	$10,600
KEITH THEOBALD	DIRECTOR	3.63	Director	$9,400	$0	$9,400
CHARLES SMITH	PRESIDENT	7.13	Officer Director	$12,400	$0	$12,400
BRUCE EVERHART	DIRECTOR	4.66	Director	$12,350	$0	$12,350
JILL KOCH	SECRETARY	7.43	Officer Director	$9,050	$0	$9,050
CHRIS CHASTAIN	CEO	47.18	Officer	$206,022	$84,718	$290,740
SAM KINDER	CFO	40.19	Officer	$112,084	$58,968	$171,052
TONY ADKINS	LINEMAN - SERVICEMAN	55.96	Highest	$153,091	$48,855	$201,946
DAVID TOLL	VP - MARKETING & MEMBER SERVICES	45.41	Highest	$141,215	$67,913	$209,128
BRAD MEANS	VP - OPERATIONS	48.39	Highest	$136,565	$67,202	$203,767
NATHANIEL BEST	LINEMAN	51.47	Highest	$133,489	$53,575	$187,064
CAMERON COX	LINEMAN	48.41	Highest	$126,249	$45,080	$171,329

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	$55,792,578	$54,147,028	$108,293,851	$1,645,550
2022	$51,641,871	$50,392,913	$106,961,014	$1,248,958
2021	$47,128,138	$45,857,728	$101,755,271	$1,270,410
2020	$47,073,647	$46,438,092	$100,353,321	$635,555

RUSHSHELBY ENERGY RURAL ELECTRIC MEMBERSHIP CORPORATION