Black River Electric Cooperative (EIN 430184419) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

John H Singleton

Tax Period

2023-01-01 to 2023-12-31

Black River Electric Cooperative, founded in 1938, is a mid-sized nonprofit that reported $56.0M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To provide electric power.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,703,939

Investment Income $127,392

Other Revenue $196,254

TOTAL REVENUE $56,027,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,367,246

Fundraising Expenses $0

Other Expenses $51,270,357

TOTAL EXPENSES $56,027,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,027,585	$51,524,742	+0.1%
Expenses	$56,027,585	$51,524,742	+0.1%
Net Income	$0	N/A	N/A

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

$571,132

Total Directors

$43,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John H Singleton	CEO	60.00	Officer	$195,169	$139,220	$334,389
Donald E England	Manager Line Distribution	50.00	Highest	$156,510	$121,232	$277,742
Paul Montgomery	VP Engineering	60.00	Highest	$186,312	$87,272	$273,584
John C Eaves	CFO	60.00	Officer	$172,965	$63,778	$236,743
Korey King	District Manager	50.00	Highest	$135,739	$65,499	$201,238
Thomas Mooney	Secretary	15.00	Director	$5,950	$0	$5,950
Dennis Bess	Director	10.00	Director	$5,500	$0	$5,500
James W Hovis	Director	10.00	Director	$5,400	$0	$5,400
Harold Ellinghouse	Vice President	15.00	Director	$5,050	$0	$5,050
Mark Bollinger	Director	10.00	Director	$5,050	$0	$5,050
Jim Scaggs	Director	10.00	Director	$4,450	$0	$4,450
Bruce Gastineau	Director	10.00	Director	$4,150	$0	$4,150
Gary Cook	President	15.00	Director	$4,150	$0	$4,150
Jerry Ellis	Director	10.00	Director	$3,850	$0	$3,850

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	No data	No data	No data	No data
2023	$56,027,585	$56,027,585	$156,527,531	No data
2022	$51,524,742	$51,524,742	$155,949,633	No data
2021	$49,558,459	$49,558,459	$138,131,330	No data
2020	$47,643,922	$47,643,922	$135,927,026	No data
2019	$23,464,367	$20,133,156	$130,038,927	$3,331,211
2018	$22,301,045	$18,563,331	$124,286,875	$3,737,714

Black River Electric Cooperative