GUTHRIE COUNTY RURAL ELECTRIC COOP… - 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

1937

Legal Domicile

Principal Officer

COZY NELSEN

Phone

6417472206

Tax Period

2024-01-01 to 2024-12-31

GUTHRIE COUNTY RURAL ELECTRIC COOP ASSN, founded in 1937, is a mid-sized nonprofit that reported $17.1M in total revenue in fiscal year 2024.

Mission

STRIVE TO DELIVER THE BEST POWER SOLUTIONS TO OUR COOPERATIVE MEMBERS AND COMMUNITIES.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 3,982 MEMBERS. AS OF DECEMBER 2024, THE COOPERATIVE MAINTAINED 1,412 MILES.

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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 $16,789,744

Investment Income $117,219

Other Revenue $169,420

TOTAL REVENUE $17,076,383

Expense Breakdown

Grants Paid $12,445

Salaries & Benefits $1,917,107

Fundraising Expenses $0

Other Expenses $14,163,074

TOTAL EXPENSES $16,591,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,076,383	$16,881,301	+0.0%
Expenses	$16,591,143	$16,648,509	0.0%
Net Income	$485,240	$232,792	+1.1%

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

$204,719

Total Directors

$58,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BIRELINE	PRESIDENT	5.00	Officer Director	$5,850	$0	$5,850
DON SCHWARTZ	DIRECTOR	8.00	Director	$6,600	$0	$6,600
JULIE KILEY	SECRETARY-TREASURER	6.00	Officer Director	$8,250	$0	$8,250
JONI REES	VICE PRESIDENT	4.00	Officer Director	$7,650	$0	$7,650
RONNIE BRISTLE	ASST SECRETARY/TREASURER	4.00	Officer Director	$6,900	$0	$6,900
ANDY VAN AERNAM	DIRECTOR	2.00	Director	$3,750	$0	$3,750
JASON FETT	DIRECTOR	4.00	Director	$6,300	$0	$6,300
JAMES MAZOUR	DIRECTOR	5.00	Director	$5,550	$0	$5,550
MICHAEL MOORE	DIRECTOR	4.00	Director	$7,950	$0	$7,950
COZY NELSEN	CEO	40.00	Officer	$165,184	$10,885	$176,069
JOSH OLTMANN	LINE SUPERINTENDENT	40.00	Highest	$104,993	$14,968	$119,961
JEREMY GRUBER	LINE FOREMAN	40.00	Highest	$101,229	$24,398	$125,627
JALEN SPACK	LINE FOREMAN	40.00	Highest	$104,811	$22,771	$127,582

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	$17,076,383	$16,591,143	$37,146,762	$485,240
2023	$16,881,301	$16,648,509	$31,837,469	$232,792
2022	$16,347,009	$16,161,984	$32,676,543	$185,025
2021	$15,583,470	$15,395,456	$31,238,141	$188,014
2020	$15,252,809	$14,844,559	$32,555,175	$408,250
2019	$15,275,453	$15,353,355	$32,028,148	$-77,902
2018	$15,028,381	$15,028,381	$32,616,402	No data

GUTHRIE COUNTY RURAL ELECTRIC COOP ASSN