NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE

EIN: 420519838

HARLAN, IA

Total Revenue
$21,471,271
Total Expenses
$20,392,982
Total Assets
$54,674,454
Net Assets
$30,451,255
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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
IA
Principal Officer
WILLIAM MCKIM
Phone
7127552166
Tax Period
2024-01-01 to 2024-12-31

NISHNABOTNA VALLEY RURAL ELECTRIC COOPERATIVE, founded in 1936, is a mid-sized nonprofit that reported $21.5M in total revenue in fiscal year 2024. Expenses of $20.4M left a modest 5% surplus.

Mission

PROVIDE SAFE AND RELIABLE ELECTRIC SERVICES TO OUR MEMBERS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $21,439,449
Investment Income $40,970
Other Revenue $-9,148
TOTAL REVENUE $21,471,271

Expense Breakdown

Grants Paid $7,873
Salaries & Benefits $1,377,094
Fundraising Expenses $0
Other Expenses $17,445,230
TOTAL EXPENSES $20,392,982

Year-over-Year Comparison

2024 2023 Change
Revenue $21,471,271 $20,092,919 +0.1%
Expenses $20,392,982 $18,882,512 +0.1%
Net Income $1,078,289 $1,210,407 -0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
19
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
5
$147,187
Total Directors
7
$34,450
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA OLSON PRESIDENT 8.81
Officer Director
$8,625 $0 $8,625
GENE KENKEL VICE-PRESIDENT 2.83
Officer Director
$5,050 $0 $5,050
BRYAN GREVE SECRETARY-TREASURER 2.12
Officer Director
$4,400 $0 $4,400
GALEN GRABILL DIRECTOR 1.96
Director
$3,425 $0 $3,425
DARRELL STAMP DIRECTOR 2.48
Director
$4,125 $0 $4,125
THOMAS PATTEE DIRECTOR 3.05
Director
$4,200 $0 $4,200
DAVID APPLEGATE DIRECTOR 2.00
Director
$4,625 $0 $4,625
WILLIAM MCKIM CEO 18.08
Officer
$0 $0 $0
KARA MEINERS MANAGER OF ADMINISTRATIVE SERVICES 43.76
Officer
$84,381 $44,731 $129,112
DAVID MONSON MATERIALS COORDINATOR/FOREMAN 45.98
Highest
$127,759 $55,553 $183,312
AARON NIPPERT FOREMAN 42.77
Highest
$113,774 $47,511 $161,285
KERT BARNUM DIRECTOR OF OPERATIONS 49.13
Highest
$128,089 $47,236 $175,325
JACOB COOK JOURNEYMAN 45.11
Highest
$114,519 $37,538 $152,057
DILLON CLARK JOURNEYMAN 45.11
Highest
$113,586 $44,944 $158,530
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 $21,471,271 $20,392,982 $54,674,454 $1,078,289
2023 $20,092,919 $18,882,512 $52,850,954 $1,210,407
2022 $18,916,306 $18,045,521 $49,225,377 $870,785
2021 $17,798,413 $16,900,439 $46,708,124 $897,974
2020 $18,134,708 $17,436,789 $45,434,994 $697,919
2019 $19,709,984 $18,613,031 $44,358,429 $1,096,953
2018 $18,592,581 $17,909,025 $43,249,085 $683,556
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