NORTH WEST RURAL ELECTRIC COOPERATIVE (EIN 421404169) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

LYLE D KORVER

Phone

7127074935

Tax Period

2024-01-01 to 2024-12-31

NORTH WEST RURAL ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $61.5M in total revenue in fiscal year 2024.

Mission

PROVIDE ELECTRICITY TO ITS MEMBERS.

🔒

Trantor Score

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $61,117,768

Investment Income $363,537

Other Revenue $10,331

TOTAL REVENUE $61,491,636

Expense Breakdown

Grants Paid $55,708

Salaries & Benefits $5,166,087

Fundraising Expenses $0

Other Expenses $51,056,506

TOTAL EXPENSES $59,778,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,491,636	$57,563,670	+0.1%
Expenses	$59,778,301	$55,817,047	+0.1%
Net Income	$1,713,335	$1,746,623	0.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

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

$558,552

Total Directors

$99,340

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF REHDER	PRESIDENT	8.00	Officer Director	$12,670	$0	$12,670
DALE ULLRICH - ASST ST	(UNTIL 3/24)/VP(AS OF 4/24)	5.00	Officer Director	$9,410	$0	$9,410
STEVE BROWN	SECRETARY	5.00	Officer Director	$8,755	$0	$8,755
TOM WAGNER	TREASURER	5.00	Officer Director	$7,580	$0	$7,580
SHIRLEY SCHROEDER - DIRECTOR	(UNTIL 3/24)/ASST S/T(AS OF 4/24)	5.00	Officer Director	$10,915	$0	$10,915
STEVE ABMA	DIRECTOR	5.00	Director	$9,055	$0	$9,055
DOUGLAS BECKER - VP UNTIL	3/24)/DIRECTOR(AS OF 4/24)	5.00	Officer Director	$7,000	$0	$7,000
DAVE BOSMA	DIRECTOR	6.00	Director	$11,190	$0	$11,190
SCOTT FEUERHELM	DIRECTOR	5.50	Director	$5,880	$0	$5,880
DAN HOFFMAN	DIRECTOR	7.00	Director	$7,430	$0	$7,430
DAN VAN BEEK	DIRECTOR	5.00	Director	$9,455	$0	$9,455
LYLE D KORVER	CEO	44.20	Officer	$283,217	$49,293	$332,510
CURTIS F AHRENHOLZ	FINANCE DIRECTOR	41.50	Officer	$139,634	$30,078	$169,712
DOUGLAS J ALONS	OPERATIONS DIRECTOR	40.40	Highest	$132,996	$29,894	$162,890
DERRICK W HAAK	ASSISTANT OPERATIONS DIRECTOR	40.30	Highest	$125,019	$28,900	$153,919
ROBERT J DRIESEN	MEMBER SERVICES DIRECTOR	41.10	Highest	$125,023	$31,814	$156,837
MICHAEL A BERKENPAS	LEAD LINEMAN	43.30	Highest	$118,030	$28,075	$146,105
JUSTIN D NIPPERT	LEAD LINEMAN	43.30	Highest	$118,313	$26,905	$145,218

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	$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

NORTH WEST RURAL ELECTRIC COOPERATIVE