WOODBURY COUNTY RURAL ELECTRIC COOPERATIVE

EIN: 420608219

MOVILLE, IA

Total Revenue
$12,793,659
Total Expenses
$12,155,486
Total Assets
$38,112,368
Net Assets
$20,839,190
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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
KENT AMUNDSON
Phone
7128733125
Tax Period
2024-01-01 to 2024-12-31

WOODBURY COUNTY RURAL ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $12.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $12.2M left a modest 5% surplus.

Mission

TO PROVIDE ELECTRIC SERVICE TO OUR MEMBER-CONSUMERS.

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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 $12,706,479
Investment Income $39,883
Other Revenue $47,297
TOTAL REVENUE $12,793,659

Expense Breakdown

Grants Paid $6,170
Salaries & Benefits $2,350,177
Fundraising Expenses $0
Other Expenses $9,308,046
TOTAL EXPENSES $12,155,486

Year-over-Year Comparison

2024 2023 Change
Revenue $12,793,659 $11,751,645 +0.1%
Expenses $12,155,486 $11,180,628 +0.1%
Net Income $638,173 $571,017 +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
17
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
$288,164
Total Directors
8
$54,900
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD STEINHOFF PRESIDENT 3.40
Officer Director
$9,000 $0 $9,000
CHRISTIAN COUNTRYMAN SECRETARY/VICE PRESIDENT 3.40
Officer Director
$9,600 $0 $9,600
RONALD BOHLE VICE PRESIDENT (UNTIL AUG 2024) 2.80
Officer Director
$3,600 $0 $3,600
BRUCE SADLER TREASURER 2.30
Officer Director
$5,100 $0 $5,100
TOM MORGAN DIRECTOR 3.40
Director
$10,500 $0 $10,500
KURT NASH DIRECTOR 2.80
Director
$6,000 $0 $6,000
KIMBERLY BROWER DIRECTOR/SECRETARY 3.40
Officer Director
$8,400 $0 $8,400
JOHN HOPPE DIRECTOR (BEG AUG 2024) 3.10
Director
$2,700 $0 $2,700
KENT AMUNDSON GENERAL MANAGER/CEO 43.50
Officer
$165,818 $86,646 $252,464
NATHAN BAUER DIRECTOR OF OPERATIONS 40.00
Highest
$123,755 $56,863 $180,618
THOMAS BROCKHAUS FOREMAN 45.90
Highest
$110,425 $41,334 $151,759
ANDREW MCGILL FOREMAN 43.60
Highest
$106,315 $48,518 $154,833
DUSTIN BROSAMLE FOREMAN 42.90
Highest
$103,500 $42,871 $146,371
BRADY CRICHTON LINEMAN 44.60
Highest
$105,661 $30,489 $136,150
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 $12,793,659 $12,155,486 $38,112,368 $638,173
2023 $11,751,645 $11,180,628 $34,555,990 $571,017
2022 $10,832,620 $10,732,055 $31,922,830 $100,565
2021 $9,801,005 $9,215,403 $29,447,926 $585,602
2020 $10,324,022 $10,060,353 $28,439,654 $263,669
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