GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE (EIN 420287740) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

MICHAEL GEERDES

Phone

3198245251

Tax Period

2024-01-01 to 2024-12-31

GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE, founded in 1937, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $10.3M in total revenue in fiscal year 2024.

Mission

SALE OF DEPENDABLE, RELIABLE ELECTRICITY AND SERVICES TO OUR MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,524,975

Investment Income $28,969

Other Revenue $721,110

TOTAL REVENUE $10,275,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,379,181

Fundraising Expenses $0

Other Expenses $7,852,211

TOTAL EXPENSES $10,274,377

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,275,054	$10,250,490	+0.0%
Expenses	$10,274,377	$10,250,793	+0.0%
Net Income	$677	$-303	-3.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$202,141

Total Directors

$51,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICK STROHBEHN	PRESIDENT	1.52	Officer Director	$6,200	$0	$6,200
KEVIN PRUISNER	VICE PRESIDENT	3.85	Officer Director	$10,250	$0	$10,250
MATT KOPRIVA	SECRETARY	1.38	Officer Director	$5,925	$0	$5,925
NORBERT BOYLE	TREASURER	3.25	Officer Director	$10,225	$0	$10,225
JASON PAPER	ASST. TREASURER/SECRETARY	1.17	Officer Director	$4,300	$0	$4,300
LARRY ROHACH	DIRECTOR	4.15	Director	$9,500	$0	$9,500
ROGER BROWN	DIRECTOR	0.89	Director	$4,875	$0	$4,875
MICHAEL GEERDES	GENERAL MANAGER/CEO	40.00	Officer	$109,452	$55,789	$165,241

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	$10,275,054	$10,274,377	$28,388,987	$677
2023	$10,250,490	$10,250,793	$27,173,178	$-303
2022	$11,131,300	$10,605,225	$26,484,981	$526,075
2021	$9,712,208	$9,435,386	$25,480,735	$276,822
2020	$8,700,100	$8,453,216	$23,711,820	$246,884
2019	$8,342,032	$8,242,031	$22,944,825	$100,001
2018	$8,865,130	$8,508,027	$21,985,090	$357,103

GRUNDY COUNTY RURAL ELECTRIC COOPERATIVE