Grundy Electric Cooperative (EIN 440270266) - 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

Scott Wilson

Phone

6603593941

Tax Period

2025-01-01 to 2025-12-31

Grundy Electric Cooperative, founded in 1938, is a mid-sized nonprofit that reported $17.2M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $15.8M left a modest 8% surplus.

Mission

Committed to providing the members with competitively priced, quality electric service

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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 $17,118,916

Investment Income $66,526

Other Revenue $0

TOTAL REVENUE $17,185,442

Expense Breakdown

Grants Paid $0

Salaries & Benefits $586,734

Fundraising Expenses $0

Program Expenses $15,785,825

Other Expenses $14,844,987

TOTAL EXPENSES $15,785,825

Year-over-Year Comparison

	2025	2024	Change
Revenue	$17,185,442	$15,305,048	+0.1%
Expenses	$15,785,825	$15,155,879	+0.0%
Net Income	$1,399,617	$149,169	+8.4%

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

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

$627,488

Total Directors

$59,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Wilson	CEO & Manager	50.00	Officer	$250,837	$178,051	$428,888
Ryan Vandel	Mgr Finance & Admin	50.00	Officer	$119,413	$46,687	$166,100
Troy Slagle	IT Manager	50.00	Highest	$125,723	$77,422	$203,145
Scott Crawford	Lead Lineman	48.00	Highest	$125,065	$64,795	$189,860
Rick Gamble	Area Journeyman	45.00	Highest	$118,214	$69,530	$187,744
David Alley	Line Superintendent	46.00	Highest	$117,119	$78,818	$195,937
Hunter Boxley	Area Supervisor	50.00	Highest	$116,130	$37,303	$153,433
Marvin Harding	Secretary	4.00	Officer Director	$11,500	$0	$11,500
Alan Guernsey	Director	4.00	Director	$8,500	$0	$8,500
Joe Hartley	Vice President	3.00	Officer Director	$8,000	$0	$8,000
Eric Woodard	President	4.00	Officer Director	$7,000	$0	$7,000
Dan Lentz	Director	3.00	Director	$7,000	$0	$7,000
Adrian Cox	Director	4.00	Director	$6,500	$0	$6,500
Richard Moore	Treasurer	7.00	Officer Director	$6,000	$0	$6,000
Rodney Ewing	Director	3.00	Director	$5,000	$0	$5,000

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	$17,185,442	$15,785,825	$64,375,866	$1,399,617
2024	$15,305,048	$15,155,879	$62,363,700	$149,169
2023	$14,845,781	$14,498,315	$61,112,488	$347,466
2022	$15,443,021	$15,229,274	$57,314,779	$213,747
2021	$15,893,740	$14,426,514	$55,809,361	$1,467,226
2020	$15,036,775	$14,399,706	$55,617,508	$637,069
2019	$15,291,620	$14,412,119	$49,277,978	$879,501
2018	$15,126,532	$14,550,005	$47,992,093	$576,527

Grundy Electric Cooperative