SCENIC RIVERS ENERGY COOPERATIVE (EIN 390314085) - 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

STEPHEN LUCAS

Phone

6087232121

Tax Period

2025-01-01 to 2025-12-31

SCENIC RIVERS ENERGY COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $37.4M in total revenue in fiscal year 2025.

Mission

SALE OF RURAL ELECTRICITY TO ITS MEMBERS.

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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 $36,562,649

Investment Income $429,177

Other Revenue $452,455

TOTAL REVENUE $37,444,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $454,246

Fundraising Expenses $0

Other Expenses $33,482,157

TOTAL EXPENSES $36,416,201

Year-over-Year Comparison

	2025	2024	Change
Revenue	$37,444,281	$35,011,974	+0.1%
Expenses	$36,416,201	$34,073,483	+0.1%
Net Income	$1,028,080	$938,491	+0.1%

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

$509,749

Total Directors

$67,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN LUCAS	CEO	50.00	Officer	$282,659	$227,090	$509,749
MATTHEW RITCHIE	LEAD LINEMAN	48.00	Highest	$123,645	$69,238	$192,883
PATRICK PENNEKAMP	LINEMAN	46.00	Highest	$130,063	$38,731	$168,794
ROBERT TANK	LINEMAN	48.00	Highest	$127,870	$32,662	$160,532
MATTHEW RASMUSSEN	LEAD LINEMAN	45.00	Highest	$129,499	$22,617	$152,116
HUNTER FORTNEY	LINEMAN	48.00	Highest	$135,926	$9,776	$145,702
SANDRA DAVIDSON	CHAIR	7.50	Director	$9,800	$0	$9,800
STEPHEN CARPENTER	SECRETARY/TR	3.00	Director	$8,600	$0	$8,600
DONALD SCHAEFER	DIRECTOR	3.50	Director	$8,100	$0	$8,100
ALLEN ABRAHAM	ASST SEC/TRE	4.00	Director	$7,850	$0	$7,850
ELLEN CONLEY	DIRECTOR	2.50	Director	$7,500	$0	$7,500
DELBERT REUTER	VICE CHAIR	3.00	Director	$7,250	$0	$7,250
MARCUS SAEGROVE	DIRECTOR	3.50	Director	$7,200	$0	$7,200
LILY LONG	DIRECTOR	3.00	Director	$6,850	$0	$6,850
CHARLES SIMMONS	CHAIRMAN (-A	2.00	Director	$2,350	$0	$2,350
MARTIN THOMAS	DIRECTOR (SE	2.00	Director	$2,000	$0	$2,000

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	$37,444,281	$36,416,201	$113,969,746	$1,028,080
2024	$35,011,974	$34,073,483	$110,869,540	$938,491
2023	$34,143,563	$33,358,160	$110,433,058	$785,403
2022	$34,922,921	$32,739,035	$110,700,208	$2,183,886
2021	$32,428,638	$30,634,008	$89,102,857	$1,794,630
2020	$31,635,823	$30,522,978	$87,901,899	$1,112,845
2019	$32,192,611	$30,884,318	$89,067,597	$1,308,293
2018	$31,609,088	$31,609,088	$83,961,077	No data
2018	$31,609,088	$30,433,312	$83,961,077	$1,175,776

SCENIC RIVERS ENERGY COOPERATIVE