Rock Energy Cooperative (EIN 390574424) - 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

1936

Legal Domicile

Principal Officer

SHANE L LARSON

Phone

6087524550

Tax Period

2023-01-01 to 2023-12-31

Rock Energy Cooperative, founded in 1936, is a mid-sized nonprofit that reported $64.9M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

Distribution of electric and natural gas energy

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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 $63,678,282

Investment Income $1,074,614

Other Revenue $182,220

TOTAL REVENUE $64,935,116

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,621,598

Fundraising Expenses $0

Program Expenses $64,935,117

Other Expenses $55,372,895

TOTAL EXPENSES $64,935,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,935,116	$72,620,012	-0.1%
Expenses	$64,935,116	$72,620,012	-0.1%
Net Income	$0	N/A	N/A

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

$673,151

Total Directors

$109,475

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD F RICHARDS	Director	7.000	Officer Director	$15,075	$0	$15,075
MARIAN A TRESCHER	Secretary	10.00	Officer Director	$10,650	$0	$10,650
WILLIAM E FISCHER	Director	5.000	Director	$10,850	$0	$10,850
TODD THOMPSON	Director	7.000	Director	$14,000	$0	$14,000
CLARK A SCHOONOVER	Chairman	8.000	Officer Director	$12,525	$0	$12,525
WENDELL A BOYER	Director	5.000	Director	$9,975	$0	$9,975
BARBARA L MILLER	Director	9.000	Director	$13,300	$0	$13,300
SHANE L LARSON	CEO	60.00	Officer	$466,138	$167,363	$633,501
WILLIAM WRIGHT	Lineman	43.00	Highest	$132,270	$40,391	$172,661
JUSTIN J BUSFIELD	Lineman	46.00	Highest	$133,002	$41,040	$174,042
LAVERNE J SLABACK	Lineman	46.00	Highest	$142,182	$38,300	$180,482
STEVEN B WHITE	Lineman	46.00	Highest	$138,302	$40,193	$178,495
CHRISTOPHER R TULLAR	Operations Manager	50.00	Highest	$151,081	$58,996	$210,077
THERESA HUBER	Director	4.500	Director	$14,000	$0	$14,000
WILLIAM F DIETSCH	Vice Chairman	N/A	Officer Director	$1,400	$0	$1,400
DERIK ROTH	Director	4.000	Director	$7,700	$0	$7,700

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	$64,935,116	$64,935,116	$129,557,721	No data
2022	$72,620,012	$72,620,012	$125,709,085	No data
2021	$61,122,456	$61,122,456	$121,187,989	No data
2020	$57,705,305	$57,705,305	$118,419,860	No data

Rock Energy Cooperative