BUTLER COUNTY RURAL ELECTRIC COOPE… - 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

1936

Legal Domicile

Principal Officer

CRAIG J CODNER

Phone

3192672726

Tax Period

2025-01-01 to 2025-12-31

BUTLER COUNTY RURAL ELECTRIC COOPERATIVE, founded in 1936, is a mid-sized nonprofit that reported $35.2M in total revenue in fiscal year 2025.

Mission

PROVIDING ELECTRICAL SERVICE TO THE MEMBERS OF THE COOPERATIVE.

Program Service Accomplishments

Program 1

DISTRIBUTE ELECTRICITY TO APPROXIMATELY 5000 MEMBERS IN NORTHEAST IOWA.

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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 $32,350,702

Investment Income $669,779

Other Revenue $2,149,068

TOTAL REVENUE $35,169,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $465,329

Fundraising Expenses $0

Other Expenses $31,147,003

TOTAL EXPENSES $34,867,930

Year-over-Year Comparison

	2025	2024	Change
Revenue	$35,169,549	$34,759,137	+0.0%
Expenses	$34,867,930	$32,956,300	+0.1%
Net Income	$301,619	$1,802,837	-0.8%

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

$428,524

Total Directors

$74,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY POPPE	PRESIDENT	4.00	Officer Director	$7,660	$0	$7,660
SHARE BRANDT	VICE-PRESIDENT	3.40	Officer Director	$9,305	$0	$9,305
TIM SCHRAGE	SECRETARY	2.92	Officer Director	$6,880	$0	$6,880
ALLYN HARMS	ASSISTANT SECRETARY-TREASURER	2.73	Officer Director	$6,240	$0	$6,240
TROY FELDMAN	TREASURER	3.50	Officer Director	$7,360	$0	$7,360
GERALD SCHMITT	DIRECTOR	2.15	Director	$8,000	$0	$8,000
STEVE BOEVERS	DIRECTOR	3.50	Director	$1,920	$0	$1,920
GRANT GREENZWEIG	DIRECTOR	1.13	Director	$8,480	$0	$8,480
KEN KAPPMEYER	DIRECTOR	3.90	Director	$9,605	$0	$9,605
TOM RISSE	DIRECTOR	4.85	Director	$8,800	$0	$8,800
CRAIG CODNER	CEO	40.00	Officer	$211,597	$118,259	$329,856
BETHANY CARLSON	RECORDING SECRETARY	40.00	Officer	$48,439	$12,784	$61,223
SANDRA MILLER	HR/OFFICE MANAGER	40.00	Highest	$127,123	$106,983	$234,106
JOHN ENDELMAN	OPERATIONS MANAGER	40.00	Highest	$119,199	$74,184	$193,383
MATT MAHONEY	ENERGY SERVICES MANAGER	40.00	Highest	$106,850	$67,974	$174,824
ZACHARIAH WHITE	LINEMAN	40.00	Highest	$108,948	$23,043	$131,991
TRACY YOST	MEMBER SERVICE ADVISOR	40.00	Highest	$106,038	$69,793	$175,831

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	$35,169,549	$34,867,930	$100,821,051	$301,619
2024	No data	No data	No data	No data
2023	$34,257,753	$32,637,366	$88,118,983	$1,620,387
2022	$32,954,885	$31,150,700	$80,790,437	$1,804,185
2021	$31,307,954	$30,604,627	$77,135,438	$703,327
2020	$30,394,763	$29,834,817	$69,864,720	$559,946
2019	$30,660,925	$29,353,652	$65,647,152	$1,307,273
2018	$31,577,316	$30,136,675	$59,502,293	$1,440,641

BUTLER COUNTY RURAL ELECTRIC COOPERATIVE