Cuivre River Electric Cooperative Inc (EIN 430233223) - 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

1941

Legal Domicile

Phone

8003923709

Tax Period

2023-01-01 to 2023-12-31

Cuivre River Electric Cooperative Inc, founded in 1941, is a major nonprofit that reported $150.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

DISTRIBUTE ELECTRICITY TO 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $149,285,147

Investment Income $620,339

Other Revenue $441,851

TOTAL REVENUE $150,347,337

Expense Breakdown

Grants Paid $398,909

Salaries & Benefits $13,505,973

Fundraising Expenses $0

Program Expenses $0

Other Expenses $120,886,801

TOTAL EXPENSES $146,301,728

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,347,337	$137,337,346	+0.1%
Expenses	$146,301,728	$134,435,230	+0.1%
Net Income	$4,045,609	$2,902,116	+0.4%

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

152

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

$1,534,387

Total Directors

$90,400

Key Employees

$336,556

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	BOARD PRESIDENT	3.8	Officer Director	$9,450	$0	$9,450
N/A	BOARD VICE PRESIDENT	2.1	Officer Director	$9,000	$0	$9,000
N/A	BOARD SECRETARY & TREASURER	1.8	Officer Director	$7,800	$0	$7,800
N/A	DIRECTOR	1.6	Director	$6,450	$0	$6,450
N/A	DIRECTOR	3.0	Director	$7,000	$0	$7,000
N/A	DIRECTOR	1.9	Director	$7,050	$0	$7,050
N/A	DIRECTOR	2.6	Director	$8,250	$0	$8,250
N/A	DIRECTOR	1.2	Director	$5,800	$0	$5,800
N/A	DIRECTOR	2.4	Director	$8,750	$0	$8,750
N/A	DIRECTOR	2.5	Director	$6,950	$0	$6,950
N/A	DIRECTOR	2.4	Director	$6,950	$0	$6,950
N/A	DIRECTOR	1.9	Director	$6,950	$0	$6,950
N/A	VP OF MEMBER ENGAGEMENT	40.0	Officer	$157,688	$116,708	$274,396
N/A	PRESIDENT & CEO	50.0	Officer	$444,265	$238,457	$682,722
N/A	VP OF FINANCE & ACCOUNTING	40.0	Officer	$121,026	$52,211	$173,237
N/A	VP OF ECONOMIC DEVELOPMENT	40.0	Officer	$184,272	$193,510	$377,782
N/A	VP OF ENGINEERING & OPERATIONS	40.0	Key Emp	$197,280	$139,276	$336,556
N/A	CREW CHIEF	40.0	Highest	$155,146	$70,440	$225,586
N/A	JOURNEYMAN LINEMAN	40.0	Highest	$156,863	$60,420	$217,283
N/A	CREW CHIEF	40.0	Highest	$143,562	$89,621	$233,183
N/A	SYSTEM ENGINEER	40.0	Highest	$150,863	$137,217	$288,080
N/A	JOURNEYMAN LINEMAN	40.0	Highest	$151,679	$42,778	$194,457

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	$150,347,337	$146,301,728	$365,430,898	$4,045,609
2022	$137,337,346	$134,435,230	$354,632,047	$2,902,116
2021	$127,588,100	$127,745,279	$339,510,149	$-157,179
2020	$125,650,317	$126,951,462	$333,243,701	$-1,301,145
2019	$129,636,043	$130,219,018	$305,819,234	$-582,975
2018	$129,830,566	$127,634,180	$300,549,379	$2,196,386

Cuivre River Electric Cooperative Inc