WEST RIVER ELECTRIC ASSN INC (EIN 460204517) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

ROBERT RAKER

Phone

6052792135

Tax Period

2024-01-01 to 2024-12-31

WEST RIVER ELECTRIC ASSOCIATION INC, founded in 1939, is a mid-sized nonprofit that reported $41.7M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

COOPERATIVE - ELECTRICITY TO MEMBERS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $48,647,733

Investment Income $210,353

Other Revenue $98,655

TOTAL REVENUE $48,956,741

Expense Breakdown

Grants Paid $67,479

Salaries & Benefits $8,552,657

Fundraising Expenses $0

Other Expenses $35,393,420

TOTAL EXPENSES $48,601,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,956,741	$45,909,924	+0.1%
Expenses	$48,601,686	$45,537,524	+0.1%
Net Income	$355,055	$372,400	0.0%

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

$874,952

Total Directors

$134,133

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDY MOON	PRESIDENT	7.50	Officer Director	$16,350	$10	$16,360
STAN ANDERS	VICE-PRESIDENT	10.00	Officer Director	$14,525	$10	$14,535
JAMIE LEWIS	SECRETARY	7.20	Officer Director	$13,300	$10	$13,310
CHARLES SLOAN	TREASURER	16.50	Officer Director	$16,425	$10	$16,435
LARRY EISENBRAUN	DIRECTOR	6.60	Director	$12,950	$6	$12,956
MARCIA ARNESON	DIRECTOR	7.20	Director	$16,000	$10	$16,010
SUE PETERS	DIRECTOR	7.60	Director	$16,100	$10	$16,110
PETER BLAKE	DIRECTOR	4.60	Director	$13,075	$10	$13,085
HOWARD KNUPPE	DIRECTOR (END OCT)	3.80	Director	$12,175	$5	$12,180
STEVEN EDOFF	DIRECTOR (BEG OCT)	3.80	Director	$3,150	$2	$3,152
RICHARD JOHNSON	CEO / GENERAL MANAGER	60.00	Officer	$304,105	$230,693	$534,798
DAWN HILGENKAMP	CFO / MANAGER OF FINANCE	50.00	Officer	$160,469	$119,045	$279,514
MIKE LETCHER	OPERATIONS MANAGER	50.00	Highest	$173,335	$70,067	$243,402
LUCAS SCHREURS	JOURNEYMAN LINEMAN	50.00	Highest	$144,763	$22,987	$167,750
JENNY PATTERSON	OFFICE MANAGER	50.00	Highest	$142,590	$64,932	$207,522
LANCE STEIGER	STAKING FOREMAN	50.00	Highest	$138,841	$59,715	$198,556
ROBERT RAKER	MANAGER OF COMMUNICATION	50.00	Highest	$137,900	$75,707	$213,607

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	$48,956,741	$48,601,686	$179,291,218	$355,055
2023	$45,909,924	$45,537,524	$164,335,708	$372,400
2022	$44,777,288	$44,530,791	$152,133,230	$246,497
2021	$38,874,089	$38,568,743	$136,764,788	$305,346
2020	$38,896,157	$38,514,538	$132,513,692	$381,619
2019	$40,082,661	$39,573,308	$124,622,548	$509,353
2018	$41,668,402	$41,215,689	$124,300,144	$452,713

WEST RIVER ELECTRIC ASSN INC