RED RIVER VALLEY COOPERATIVE POWER ASSOCIATION (EIN 410497361) - 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

1938

Legal Domicile

Principal Officer

PAUL BAUKOL

Phone

2184562139

Tax Period

2024-01-01 to 2024-12-31

RED RIVER VALLEY COOPERATIVE POWER ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $16.6M in total revenue in fiscal year 2024.

Mission

RED RIVER VALLEY COOPERATIVE POWER ASSOCIATION IS COMMITTED TO ENHANCING THE QUALITY OF LIFE OF ITS MEMBERSHIP BY PROVIDING ENERGY, LEADERSHIP, ESSENTIAL SERVICES AND PRODUCTS CONSISTENT WITH COOPERATIVE PRINCIPLES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,996,440

Investment Income $92,784

Other Revenue $507,710

TOTAL REVENUE $16,596,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,413,605

Fundraising Expenses $0

Other Expenses $13,701,535

TOTAL EXPENSES $16,115,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,596,934	$16,694,304	0.0%
Expenses	$16,115,140	$16,380,899	0.0%
Net Income	$481,794	$313,405	+0.5%

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

$306,588

Total Directors

$37,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT KINKADE	DIRECTOR	3.00	Director	$8,100	$0	$8,100
PAUL BAUKOL	SEC/TREAS	3.00	Officer Director	$7,875	$0	$7,875
TREVOR SORBY	DIRECTOR	3.00	Director	$6,300	$0	$6,300
CURTIS STUBSTAD	DIRECTOR	3.00	Director	$6,000	$0	$6,000
ROGER KROSTUE	CHAIR	3.00	Officer Director	$4,575	$0	$4,575
KELSEY JENSEN	DIRECTOR	3.00	Director	$2,700	$0	$2,700
MARV THOMPSON	VICE CHAIR	3.00	Officer Director	$2,100	$0	$2,100
RICHARD WHITCOMB	CEO	45.00	Officer	$124,559	$47,212	$171,771
JARED PERSON	DIRECTOR OF FINANCE AND ADMINISTRATION	45.00	Officer	$103,829	$16,438	$120,267
NATHAN ANDERSON	LEAD LINEMAN	46.56	Highest	$116,802	$32,446	$149,248
BRET HOLTE	LEAD LINEMAN	44.37	Highest	$115,744	$47,313	$163,057
DAN STUART	LEAD LINEMAN	45.63	Highest	$114,010	$27,885	$141,895
LEON EMMIL	ENGINEERING MANAGER	45.00	Highest	$112,069	$41,201	$153,270
JOHN KUEHN	LINE SUPERINTENDENT	45.00	Highest	$110,730	$42,526	$153,256

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	$16,596,934	$16,115,140	$53,678,151	$481,794
2023	$16,694,304	$16,380,899	$53,207,471	$313,405
2022	$17,108,739	$16,691,642	$49,983,212	$417,097
2021	$15,613,539	$15,257,319	$45,197,390	$356,220
2020	$15,816,123	$15,388,121	$42,037,200	$428,002
2019	$16,410,358	$15,784,776	$40,910,723	$625,582
2018	$16,149,826	$15,447,197	$38,785,111	$702,629

RED RIVER VALLEY COOPERATIVE POWER ASSOCIATION