EAST-CENTRAL IOWA RURAL ELECTRIC C… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

TERESA FLOYD

Phone

3194434343

Tax Period

2025-01-01 to 2025-12-31

EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE, founded in 1995, is a mid-sized nonprofit that reported $28.5M in total revenue in fiscal year 2025. Expenses of $26.9M left a modest 6% surplus.

Mission

EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY SERVICE TO APPROXIMATELY 7,329 MEMBERS TO PARTS OF 11 COUNTIES IN EAST-CENTRAL IOWA. ITS PRIMARY MISSION IS TO PROVIDE THE BEST POSSIBLE SERVICE TO ITS MEMBERS FOR THE LOWEST POSSIBLE COST.

Program Service Accomplishments

Program 1

PROVISION OF ELECTRICITY AND ELECTRIC SERVICES TO THE COOPERATIVE'S 7,329 MEMBERS. THIS REPRESENTS 99% OF THE TOTAL REVENUE FOR THE COOPERATIVE FOR 2025.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $26,973,559

Investment Income $225,572

Other Revenue $1,272,679

TOTAL REVENUE $28,471,810

Expense Breakdown

Grants Paid $0

Salaries & Benefits $890,659

Fundraising Expenses $0

Other Expenses $24,713,499

TOTAL EXPENSES $26,880,022

Year-over-Year Comparison

	2025	2024	Change
Revenue	$28,471,810	$27,234,035	+0.0%
Expenses	$26,880,022	$25,288,744	+0.1%
Net Income	$1,591,788	$1,945,291	-0.2%

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

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

$282,772

Total Directors

$64,715

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE RAU	PRESIDENT	3.92	Officer Director	$10,960	$0	$10,960
JEFF ELLIOTT	VICE PRESIDENT	2.90	Officer Director	$9,575	$0	$9,575
JULIE KESTER	SECRETARY/TREASURER	2.46	Officer Director	$10,000	$0	$10,000
PETE BURMEISTER	ASSISTANT SECRETARY/TREASURER	2.19	Officer Director	$8,845	$0	$8,845
GARY MCKENNA	DIRECTOR	2.13	Director	$8,070	$0	$8,070
BRIAN MCNULTY	DIRECTOR	1.54	Director	$5,760	$0	$5,760
NICK DONLEA	DIRECTOR	1.23	Director	$4,985	$0	$4,985
GARY COOK	DIRECTOR	1.62	Director	$6,520	$0	$6,520
TERESA FLOYD	CEO	40.00	Officer	$195,406	$47,986	$243,392
ADAM R ALBERTSEN	MEMBER SERVICE MANGER	40.00	Highest	$112,839	$39,737	$152,576
THOMAS G SCHMITT	OPERATIONS MANAGER	40.00	Highest	$132,620	$34,611	$167,231
JARED J GROVER	LINEWORKER	40.00	Highest	$113,187	$31,227	$144,414
BRAXTON P CLUBB	LINEWORKER	40.00	Highest	$113,315	$31,169	$144,484
LISA M FRANCK	MANAGER OF COMMUNICATIONS	40.00	Highest	$131,663	$35,355	$167,018

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	$28,471,810	$26,880,022	$96,263,125	$1,591,788
2024	No data	No data	No data	No data
2023	$27,019,653	$24,583,806	$86,999,273	$2,435,847
2022	$25,242,152	$24,008,314	$83,334,796	$1,233,838
2021	$22,546,946	$21,238,918	$78,869,234	$1,308,028
2020	$22,698,157	$21,049,132	$77,235,709	$1,649,025
2019	$23,357,552	$21,848,738	$74,605,176	$1,508,814
2018	$23,358,440	$21,496,905	$69,289,681	$1,861,535

EAST-CENTRAL IOWA RURAL ELECTRIC COOPERATIVE