MINNESOTA RURAL ELECTRIC ASSOCIATI… - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

DARRICK MOE

Phone

7634241020

Tax Period

2025-01-01 to 2025-12-31

MINNESOTA RURAL ELECTRIC ASSOCIATION, founded in 1940, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2025. Expenses of $5.3M left a modest 9% surplus.

Mission

THE ASSOCIATION WAS FORMED TO PROVIDE SERVICES TO ITS MEMBERS INCLUDING EDUCATION, JOB TRAINING AND SAFETY, AND LEGISLATIVE AND REGULATOR REPRESENTATION.

Program Service Accomplishments

Program 1

EDUCATION, JOB TRAINING AND SAFETY PROGRAMS

Program 2

LEGISLATIVE RELATIONS

Program 3

MEMBERSHIP SERVICES

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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 $5,622,330

Investment Income $177,737

Other Revenue $0

TOTAL REVENUE $5,800,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,961,333

Fundraising Expenses $0

Other Expenses $2,344,230

TOTAL EXPENSES $5,305,563

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,800,067	$5,483,823	+0.1%
Expenses	$5,305,563	$5,015,041	+0.1%
Net Income	$494,504	$468,782	+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

$646,396

Total Directors

$103,906

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRICK MOE	PRESIDENT &	40.00	Officer	$321,339	$88,062	$409,401
JOE MILLER	DIRECTOR OF	40.00	Highest	$148,300	$162,913	$311,213
JENNY GLUMACK	DIRECTOR GOV	40.00	Highest	$187,341	$54,976	$242,317
MELISSA STACHOVICH	DIRECTOR-FIN	40.00	Officer	$189,865	$47,130	$236,995
ANTHONY LENZ	DIRECTOR-SAF	40.00	Highest	$153,757	$31,964	$185,721
WES WALLER	CHAIR	9.00	Director	$12,441	$0	$12,441
TRACY LAURITZEN	DIRECTOR	5.00	Director	$8,705	$0	$8,705
WARREN RAU	TREASURER	4.00	Director	$8,477	$0	$8,477
RON STEVENS	SECRETARY	4.00	Director	$7,906	$0	$7,906
AILEEN DEMENGE	DIRECTOR	3.00	Director	$7,708	$0	$7,708
RICHARD COE	FIRST VICE C	3.00	Director	$7,636	$0	$7,636
TIM VELDE	DIRECTOR	8.00	Director	$7,598	$0	$7,598
JEFF NORNES	SECOND VICE	3.00	Director	$7,517	$0	$7,517
SCOTT THIESSE	DIRECTOR	3.00	Director	$7,207	$0	$7,207
RONALD SCHWARTAU	DIRECTOR	3.00	Director	$6,256	$0	$6,256
SHELLY PETERSON	DIRECTOR	3.00	Director	$6,142	$0	$6,142
ELIZABETH KROCAK	DIRECTOR(FEB	2.00	Director	$4,337	$0	$4,337
DAVID JONES	DIRECTOR(APR	4.00	Director	$3,254	$0	$3,254
JOHN DEYOE	DIRECTOR(-AP	1.00	Director	$2,846	$0	$2,846
JOHN REYNOLDS	DIRECTOR(-AP	1.00	Director	$2,506	$0	$2,506
MIKE TIEVA	DIRECTOR(JUN	2.00	Director	$2,375	$0	$2,375
JERRY TVEDT	DIRECTOR(-FE	2.00	Director	$995	$0	$995

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	$5,800,067	$5,305,563	$6,486,271	$494,504
2024	$5,483,823	$5,015,041	$3,928,922	$468,782
2023	$4,963,044	$4,614,349	$3,418,406	$348,695
2022	$4,674,458	$4,521,431	$3,072,813	$153,027
2021	$4,154,040	$3,936,728	$2,968,531	$217,312
2020	$3,833,827	$3,681,079	$2,706,832	$152,748
2019	$4,008,036	$4,042,634	$2,650,648	$-34,598
2018	$3,995,591	$3,798,364	$2,799,619	$197,227

MINNESOTA RURAL ELECTRIC ASSOCIATION