EAST RIVER ELECTRIC POWER COOPERATIVE INC (EIN 460225402) - 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

1949

Legal Domicile

Principal Officer

ROBERT SAHR

Phone

6052564536

Tax Period

2023-01-01 to 2023-12-31

EAST RIVER ELECTRIC POWER COOPERATIVE INC, founded in 1949, is a major nonprofit that reported $315.0M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ACQUISITION, TRANSMISSION, AND DISTRIBUTION OF ELECTRIC POWER TO MEMBER SYSTEMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $356,072,192

Investment Income $641,122

Other Revenue $224,745

TOTAL REVENUE $356,938,059

Expense Breakdown

Grants Paid $68,390

Salaries & Benefits $21,990,382

Fundraising Expenses $0

Other Expenses $307,128,978

TOTAL EXPENSES $356,938,059

Year-over-Year Comparison

	2023	2022	Change
Revenue	$356,938,059	$335,441,988	+0.1%
Expenses	$356,938,059	$335,441,988	+0.1%
Net Income	$0	$0	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

170

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

$1,178,884

Total Directors

$332,775

Key Employees

$346,298

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RYKEN	PRESIDENT	3.00	Officer Director	$17,249	$0	$17,249
ALAN VEDVEI	VICE PRESIDENT	3.00	Officer Director	$14,704	$0	$14,704
BERT ROGNESS	TREASURER	3.00	Officer Director	$18,658	$0	$18,658
DUANE WOLBRINK	SECRETARY	4.00	Officer Director	$18,932	$0	$18,932
GARY BACHMAN	DIRECTOR	3.00	Director	$17,478	$0	$17,478
RODNEY DEMENT	DIRECTOR	3.00	Director	$15,107	$0	$15,107
DOUG DIEKMANN	DIRECTOR	3.00	Director	$16,899	$0	$16,899
GALEN GRANT	DIRECTOR (END 08/2023)	3.00	Director	$8,831	$0	$8,831
ALAN HINDERMAN	DIRECTOR	3.00	Director	$18,057	$0	$18,057
JEFF HUFFORD	DIRECTOR	3.00	Director	$16,581	$0	$16,581
TREVOR JOB	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LONGTIN	DIRECTOR (BEG 09/2023)	4.00	Director	$5,989	$0	$5,989
DAVID NEUGEBAUER	DIRECTOR	3.00	Director	$16,141	$0	$16,141
RYAN NOYES	DIRECTOR	2.00	Director	$12,084	$0	$12,084
JOHN OSTRAAT	DIRECTOR	3.00	Director	$15,682	$0	$15,682
KERMIT PEARSON	DIRECTOR	2.00	Director	$10,850	$0	$10,850
DARREL RASCHKE	DIRECTOR	3.00	Director	$18,121	$0	$18,121
RON SAMUELSON	DIRECTOR	3.00	Director	$13,832	$0	$13,832
KIRK SCHAUNAMAN	DIRECTOR	3.00	Director	$16,237	$0	$16,237
DON SCHURDEVIN	DIRECTOR	3.00	Director	$13,782	$0	$13,782
DARREN STRASSER	DIRECTOR	3.00	Director	$18,020	$0	$18,020
PAUL VOIGT	DIRECTOR	3.00	Director	$15,049	$0	$15,049
DAVE WARKENTHIEN	DIRECTOR	3.00	Director	$14,492	$0	$14,492
ROBERT SAHR	CEO/GENERAL MANAGER	47.00	Officer	$545,859	$150,740	$696,599
SCOTT SHEWEY	CHIEF FINANCIAL OFFICER	44.00	Officer	$337,928	$74,814	$412,742
MARK HOFFMAN	CHIEF OPERATIONS OFFICER	41.00	Key Emp	$260,959	$85,339	$346,298
CHRIS STUDER CHIEF	MEMBER & PUBLIC RELATIONS	45.00	Highest	$236,360	$65,898	$302,258
JEFFREY MAY	CHIEF INFORMATION OFFICER	44.00	Highest	$234,084	$126,768	$360,852
MICHAEL JASPERS	BUSINESS DEVELOPMENT DIRECTOR	42.00	Highest	$230,291	$56,504	$286,795
ELIZABETH AVERY CHIEF	HUMAN RESOURCES OFFICER	41.00	Highest	$205,086	$167,502	$372,588
DANIEL BROWN	GENERAL COUNSEL	44.00	Highest	$204,050	$41,255	$245,305

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	$356,938,059	$356,938,059	$910,292,262	No data
2022	$335,441,988	$335,441,988	$837,365,298	No data
2021	$299,322,334	$299,322,334	$750,935,062	No data
2020	$286,203,567	$286,203,567	$672,182,036	No data
2019	$293,586,852	$293,586,852	$592,324,233	No data
2018	$315,026,310	$315,026,310	$548,331,099	No data

EAST RIVER ELECTRIC POWER COOPERATIVE INC