Spoon River Electric Cooperative (EIN 370527067) - 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

1939

Legal Domicile

Principal Officer

Joshua DeWees

Phone

3096472700

Tax Period

2025-01-01 to 2025-12-31

Spoon River Electric Cooperative, founded in 1939, is a mid-sized nonprofit that reported $13.3M in total revenue in fiscal year 2025.

Mission

Provide reliable & affordable electric service & enhance quality of life of the members we serve

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,282,217

Investment Income $24,561

Other Revenue $0

TOTAL REVENUE $13,306,778

Expense Breakdown

Grants Paid $0

Salaries & Benefits $428,919

Fundraising Expenses $0

Program Expenses $13,101,880

Other Expenses $12,301,336

TOTAL EXPENSES $13,101,880

Year-over-Year Comparison

	2025	2024	Change
Revenue	$13,306,778	$12,488,219	+0.1%
Expenses	$13,101,880	$11,764,669	+0.1%
Net Income	$204,898	$723,550	-0.7%

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

$428,404

Total Directors

$32,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua DeWees	CEO	41.00	Officer	$173,953	$88,174	$262,127
Mark Procarione	Operations Mgr	41.00	Highest	$132,208	$38,231	$170,439
Jared Lascelles	Jny Lineman	41.00	Highest	$125,524	$27,196	$152,720
Louis Gray	Lineman	41.00	Highest	$122,901	$26,942	$149,843
Paul Moffitt	Jny Lineman	41.00	Highest	$122,448	$75,597	$198,045
Trent Ross	Jny Lineman	41.00	Highest	$121,440	$31,064	$152,504
Chad Riney	CFO	41.00	Officer	$119,904	$29,948	$149,852
Bernard Marvel	Chairman	5.00	Officer Director	$6,675	$0	$6,675
Dan Williams	Director	10.00	Director	$4,500	$0	$4,500
Joe Davis	Director	10.00	Director	$4,500	$0	$4,500
John Disharoon	Director	10.00	Director	$4,275	$0	$4,275
Wesley Strode	Vice Chairman	10.00	Officer Director	$3,375	$0	$3,375
Kurt Duncan	Director	10.00	Director	$2,700	$0	$2,700
Jack Clark	Secretary	5.00	Officer Director	$2,475	$0	$2,475
JoDee Pedigo	Treasurer	10.00	Officer Director	$2,025	$0	$2,025
Gary Bowman	Director	10.00	Officer Director	$1,875	$0	$1,875

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
2025	$13,306,778	$13,101,880	$40,457,242	$204,898
2024	$12,488,219	$11,764,669	$39,502,795	$723,550
2023	$12,292,423	$11,494,122	$37,342,598	$798,301
2022	$11,269,227	$11,032,362	$36,157,982	$236,865
2021	$11,600,803	$10,333,899	$34,615,741	$1,266,904
2020	$10,938,788	$10,853,299	$33,263,922	$85,489
2019	$11,260,678	$10,635,358	$32,503,424	$625,320
2018	$11,096,283	$10,864,504	$31,987,401	$231,779

Spoon River Electric Cooperative