LYON RURAL ELECTRIC COOPERATIVE (EIN 420389015) - 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

DAVID HUFF

Phone

7124722506

Tax Period

2024-01-01 to 2024-12-31

LYON RURAL ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024.

Mission

RURAL UTILITY SERVICE

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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 $13,269,157

Investment Income $58,592

Other Revenue $558,239

TOTAL REVENUE $13,885,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,628

Fundraising Expenses $0

Other Expenses $12,759,660

TOTAL EXPENSES $13,882,794

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,885,988	$13,722,970	+0.0%
Expenses	$13,882,794	$13,722,970	+0.0%
Net Income	$3,194	$0	N/A

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

$251,178

Total Directors

$48,632

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HUFF	PRESIDENT	4.50	Officer Director	$6,050	$8	$6,058
NOLAN KOOIKER	VICE PRESIDENT	3.10	Officer Director	$5,050	$8	$5,058
RODNEY MOGLER	TREASURER	2.16	Officer Director	$4,800	$8	$4,808
DAVID DE BOER	SECRETARY	3.07	Officer Director	$6,250	$8	$6,258
DAVID GRIESSE	DIRECTOR	3.67	Director	$6,550	$8	$6,558
DAMON PEDERSEN	DIRECTOR	2.30	Director	$5,250	$8	$5,258
ALLEN POPPENS	DIRECTOR	3.58	Director	$5,800	$16	$5,816
JESSEE ROEMEN	DIRECTOR	2.47	Director	$5,250	$8	$5,258
JERRY MULDER	DIRECTOR	1.17	Director	$3,550	$10	$3,560
ROSS LOOMANS	GENERAL MANAGER	42.16	Officer	$166,663	$62,333	$228,996
BRYAN HERUM	LEAD LINEMAN	40.61	Highest	$110,172	$52,735	$162,907
DUSTIN TIMMERMAN	LINE FOREMAN	42.49	Highest	$132,494	$61,301	$193,795
LARRY WIBBEN	MEMBER SERVICES DIRECTOR	41.31	Highest	$116,902	$51,831	$168,733
PATRICK WUBBEN	LINEMAN	41.59	Highest	$109,402	$49,623	$159,025
TANNER CHURCH	LINEMAN	41.27	Highest	$102,532	$48,178	$150,710

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	$13,885,988	$13,882,794	$34,294,049	$3,194
2023	$13,722,970	$13,722,970	$32,909,023	No data
2022	$13,182,606	$13,182,536	$28,323,833	$70
2021	$11,328,627	$11,328,627	$26,507,714	No data
2020	$10,851,270	$10,850,733	$25,245,761	$537
2019	$11,479,589	$11,479,413	$24,569,527	$176
2018	$11,617,027	$11,147,805	$23,949,596	$469,222

LYON RURAL ELECTRIC COOPERATIVE