TIP RURAL ELECTRIC COOPERATIVE

EIN: 420557125

BROOKLYN, IA

Total Revenue
$19,081,346
Total Expenses
$18,569,123
Total Assets
$62,045,291
Net Assets
$29,688,395
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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
IA
Principal Officer
SCOTT LONG
Phone
8009347976
Tax Period
2025-01-01 to 2025-12-31

TIP RURAL ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $19.1M in total revenue in fiscal year 2025.

Mission

PROVIDING ELECTRIC SERVICE TO 5,074 MEMBERS (6,613 ACCOUNTS)

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $18,036,956
Investment Income $89,681
Other Revenue $954,709
TOTAL REVENUE $19,081,346

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,543,857
Fundraising Expenses $0
Other Expenses $14,079,321
TOTAL EXPENSES $18,569,123

Year-over-Year Comparison

2025 2024 Change
Revenue $19,081,346 $18,120,768 +0.1%
Expenses $18,569,123 $17,549,619 +0.1%
Net Income $512,223 $571,149 -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
8
Independent Members
8
Employees
31
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
6
$458,215
Total Directors
8
$100,203
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY HENNING PRESIDENT 8.35
Officer Director
$16,896 $36 $16,932
RANDY UPAH VICE PRESIDENT 4.48
Officer Director
$10,266 $36 $10,302
ARIANNE AXMEAR SECRETARY/TREASURER 5.08
Officer Director
$12,871 $36 $12,907
LISA TICHY ASST. SECRETARY 6.56
Officer Director
$11,363 $36 $11,399
RONALD HOFFMAN DIRECTOR 8.98
Director
$14,443 $28 $14,471
GENE VON AHSEN DIRECTOR 4.23
Director
$11,395 $36 $11,431
JAMES DE SMET DIRECTOR 3.92
Director
$11,008 $31 $11,039
CRAIG STALLMAN DIRECTOR 7.27
Director
$11,686 $36 $11,722
SCOTT LONG CEO/GENERAL MANAGER 50.73
Officer
$173,144 $58,144 $231,288
TERRY KLOPPENBURG CFO 46.76
Officer
$122,620 $52,767 $175,387
COLE CALKINS STAKING TECHNICIAN/MEMBER SERVICE 44.00
Highest
$119,180 $51,827 $171,007
KENDALL BUNN JOURNEYMAN LINEMAN 43.34
Highest
$110,019 $33,462 $143,481
ADAM HAWKINS LINE FOREMAN 44.19
Highest
$118,661 $26,877 $145,538
TANNER MEEKS JOURNEYMAN LINEMAN 43.02
Highest
$108,283 $33,155 $141,438
SEAN STUTZMAN JOURNEYMAN LINEMAN 44.94
Highest
$111,465 $46,086 $157,551
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 $19,081,346 $18,569,123 $62,045,291 $512,223
2024 $18,120,768 $17,549,619 $61,257,140 $571,149
2023 $18,020,996 $17,563,589 $56,894,586 $457,407
2022 $17,059,790 $17,010,678 $57,344,467 $49,112
2021 $15,915,844 $15,273,437 $46,250,322 $642,407
2020 $16,438,613 $15,591,208 $45,709,658 $847,405
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