ORANGE CITY, IA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)NORTH WEST RURAL ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $66.7M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion.
WE WILL SAFELY AND EFFICIENTLY PROVIDE RELIABLE AND AFFORDABLE ELECTRIC SERVICE TO OUR MEMBERS.
PURCHASE AND DISTRIBUTION OF ELECTRIC POWER TO MEMBERS. NORTH WEST REC SERVES 7,397 MEMBERS OVER 3,740 MILES OF LINE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $66,653,437 | $61,491,636 | +0.1% |
| Expenses | $65,271,074 | $59,778,301 | +0.1% |
| Net Income | $1,382,363 | $1,713,335 | -0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEFF REHDER | PRESIDENT | 8.00 |
Officer
Director
|
$10,900 | $0 | $10,900 |
| DALE ULLRICH | VICE PRESIDENT | 5.00 |
Officer
Director
|
$8,675 | $0 | $8,675 |
| STEVE BROWN | SECRETARY | 5.00 |
Officer
Director
|
$8,805 | $0 | $8,805 |
| TOM WAGNER | TREASURER | 5.00 |
Officer
Director
|
$8,880 | $0 | $8,880 |
| SHIRLEY SCHROEDER | ASSISTANT SECRETARY/TREASURER | 5.00 |
Officer
Director
|
$11,570 | $0 | $11,570 |
| STEVE ABMA | DIRECTOR | 5.00 |
Director
|
$9,205 | $0 | $9,205 |
| DOUGLAS BECKER | DIRECTOR (UNTIL MAR 2025) | 5.00 |
Director
|
$1,300 | $0 | $1,300 |
| DAVE BOSMA | DIRECTOR | 6.00 |
Director
|
$8,295 | $0 | $8,295 |
| SCOTT FEUERHELM | DIRECTOR | 5.50 |
Director
|
$6,980 | $0 | $6,980 |
| DAN HOFFMAN | DIRECTOR | 7.00 |
Director
|
$8,655 | $0 | $8,655 |
| DAN VAN BEEK | DIRECTOR | 5.00 |
Director
|
$7,200 | $0 | $7,200 |
| DAVID BRUGGEMAN | DIRECTOR (AS OD APR 2025) | 5.00 |
Director
|
$6,355 | $0 | $6,355 |
| LYLE D KORVER | CEO | 43.90 |
Officer
|
$310,395 | $65,961 | $376,356 |
| CURTIS F AHRENHOLZ | FINANCE DIRECTOR | 41.30 |
Officer
|
$152,817 | $39,839 | $192,656 |
| DOUGLAS J ALONS | OPERATIONS DIRECTOR | 40.20 |
Highest
|
$143,342 | $32,521 | $175,863 |
| DERRICK W HAAK | ASSISTANT OPERATIONS DIRECTOR | 40.20 |
Highest
|
$132,204 | $33,933 | $166,137 |
| ROBERT J DRIESEN | MEMBER SERVICES DIRECTOR | 40.50 |
Highest
|
$129,538 | $34,306 | $163,844 |
| MICHAEL A BERKENPAS | OPERATIONS FIELD SUPERVISOR | 44.60 |
Highest
|
$135,723 | $32,279 | $168,002 |
| ANTHONY J ROLFES | LEAD LINEMAN | 43.90 |
Highest
|
$126,360 | $33,042 | $159,402 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $66,653,437 | $65,271,074 | $157,482,544 | $1,382,363 |
| 2024 | $61,491,636 | $59,778,301 | $153,360,780 | $1,713,335 |
| 2023 | $57,563,670 | $55,817,047 | $141,894,114 | $1,746,623 |
| 2022 | $55,266,461 | $53,241,789 | $131,130,476 | $2,024,672 |
| 2021 | $53,606,354 | $51,998,332 | $122,431,041 | $1,608,022 |
| 2020 | $54,724,382 | $53,245,090 | $114,690,066 | $1,479,292 |
| 2019 | $56,998,175 | $55,673,903 | $109,730,350 | $1,324,272 |
| 2018 | $60,826,510 | $57,906,656 | $106,200,299 | $2,919,854 |
Compare NORTH WEST RURAL ELECTRIC COOPERATIVE with other nonprofits in Iowa and across the country.