PIERRE, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION, founded in 1942, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2024. Expenses of $3.3M left a modest 7% surplus.
TO SERVE THE RURAL ELECTRIC COOPERATIVES IN SOUTH DAKOTA, TO PROMOTE THE EFFECTIVE DEVELOPMENT OF RURAL ELECTRIFICATION IN SOUTH DAKOTA ON A COOPERATIVE, NON-PROFIT BASIS.
TRAINING AND EDUCATION FOR COOPERATIVE MEMBERS, DIRECTORS, AND EMPLOYEES. THESE INCLUDE SAFETY MEETINGS, PACKAGE A, AND PACKAGE B. PACKAGE A IS FOR ADMINISTRATIVE, COMMUNICATIONS, AND SUPERVISORS...
TRAINING AND EDUCATION FOR COOPERATIVE MEMBERS, DIRECTORS, AND EMPLOYEES. THESE INCLUDE SAFETY MEETINGS, PACKAGE A, AND PACKAGE B. PACKAGE A IS FOR ADMINISTRATIVE, COMMUNICATIONS, AND SUPERVISORS, WHEREAS, PACKAGE B IS FOR SAFETY AND LOSS CONTROL PREVENTION AND TRAINING.
YOUTH TOUR - PARTICIPATING COOPERATIVES AND HIGH SCHOOL STUDENTS FROM THOSE COOPERATIVES GO TO WASHINGTON, D.C. TO LEARN ABOUT USA HISTORY, MEET SENATORS AND REPRESENTATIVES, TAKE PART IN DEBATES...
YOUTH TOUR - PARTICIPATING COOPERATIVES AND HIGH SCHOOL STUDENTS FROM THOSE COOPERATIVES GO TO WASHINGTON, D.C. TO LEARN ABOUT USA HISTORY, MEET SENATORS AND REPRESENTATIVES, TAKE PART IN DEBATES, LEARN ABOUT THE POLITICAL PROCESS AND COOPERATIVE ELECTRICITY, AND TEACH PRINCIPALS FOR FUTURE MEMBERS OF THE COOPERATIVES. YOUTH EXCURSION PARTICIPANTS OF SOUTH DAKOTA COOPERATIVES GO TO BASIN IN NORTH DAKOTA TO LEARN ABOUT ELECTRICITY WITH FELLOW HIGH SCHOOL STUDENTS FROM DIFFERENT COOPERATIVES.CFC GRANT FOR $22,050 USED FOR YOUTH TOUR AND YOUTH EXCURSION.
TOUCHSTONE ENERGY PROMOTIONS TO PROMOTE THE COOPERATIVE PRINCIPLES TO COOPERATIVE MEMBERS AND THE GENERAL PUBLIC AT FAIRS AND VARIOUS EVENTS AROUND SOUTH DAKOTA.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,571,984 | $3,424,925 | +0.0% |
| Expenses | $3,337,318 | $3,024,835 | +0.1% |
| Net Income | $234,666 | $400,090 | -0.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DON HEEREN | PRESIDENT | 1.00 |
Officer
Director
|
$9,355 | $0 | $9,355 |
| JOHN LONG | VICE PRESIDENT | 1.00 |
Officer
Director
|
$4,198 | $0 | $4,198 |
| RICHARD ABRAHAMSON | SECRETARY | 1.00 |
Officer
Director
|
$3,765 | $0 | $3,765 |
| WHITNEY MEEK | TREASURER | 1.00 |
Officer
Director
|
$3,913 | $0 | $3,913 |
| STAN ANDERS | DIRECTOR | 1.00 |
Director
|
$2,603 | $0 | $2,603 |
| JOEL BAIER | DIRECTOR | 1.00 |
Director
|
$3,733 | $0 | $3,733 |
| RICH BENDT | DIRECTOR (AS OF 1/24) | 1.00 |
Director
|
$2,920 | $0 | $2,920 |
| THOMAS BRUNNER | DIRECTOR | 1.00 |
Director
|
$4,098 | $0 | $4,098 |
| CLINT CLARK | DIRECTOR | 1.00 |
Director
|
$3,650 | $0 | $3,650 |
| WILLIAM DAILEY | DIRECTOR | 1.00 |
Director
|
$3,733 | $0 | $3,733 |
| DAVE DANIEL | DIRECTOR | 1.00 |
Director
|
$4,098 | $0 | $4,098 |
| RODNEY DEMENT | DIRECTOR (1/24-9/24) | 1.00 |
Director
|
$1,460 | $0 | $1,460 |
| STEVEN HANSEN | DIRECTOR | 1.00 |
Director
|
$7,383 | $0 | $7,383 |
| TOM LARSEN | DIRECTOR | 1.00 |
Director
|
$5,840 | $0 | $5,840 |
| DONITA LOUDNER | DIRECTOR | 1.00 |
Director
|
$3,833 | $0 | $3,833 |
| KERRY MCLELLAN | DIRECTOR | 1.00 |
Director
|
$3,833 | $0 | $3,833 |
| RODNEY MOON | DIRECTOR | 1.00 |
Director
|
$4,015 | $0 | $4,015 |
| NICHOLAS NEMEC | DIRECTOR | 1.00 |
Director
|
$2,720 | $0 | $2,720 |
| KERMIT PEARSON | DIRECTOR | 1.00 |
Director
|
$3,150 | $0 | $3,150 |
| JIM PRESTON | DIRECTOR | 1.00 |
Director
|
$4,280 | $0 | $4,280 |
| DARREL RASCHKE | DIRECTOR (AS OF 9/24) | 1.00 |
Director
|
$1,278 | $0 | $1,278 |
| SHAD RIGGLE | DIRECTOR (UNTIL 1/24) | 1.00 |
Director
|
$913 | $0 | $913 |
| SAM SCHUMAN | DIRECTOR | 1.00 |
Director
|
$3,915 | $0 | $3,915 |
| ROBERT SHAFFER | DIRECTOR | 1.00 |
Director
|
$3,003 | $0 | $3,003 |
| ROSS SPERRY | DIRECTOR | 1.00 |
Director
|
$3,103 | $0 | $3,103 |
| DAVID STERNHAGEN | DIRECTOR | 1.00 |
Director
|
$3,733 | $0 | $3,733 |
| DARREN STRASSER | DIRECTOR (UNTIL 1/24) | 1.00 |
Director
|
$913 | $0 | $913 |
| TOM THORPE | DIRECTOR | 1.00 |
Director
|
$3,468 | $0 | $3,468 |
| DANIEL THYEN | DIRECTOR | 1.00 |
Director
|
$3,833 | $0 | $3,833 |
| RODNEY TOBIN | DIRECTOR | 1.00 |
Director
|
$5,010 | $0 | $5,010 |
| BILL TOSTENSON | DIRECTOR | 1.00 |
Director
|
$4,563 | $0 | $4,563 |
| NOLAN WIPF | DIRECTOR | 1.00 |
Director
|
$4,130 | $0 | $4,130 |
| DONOVAN YOUNG MAN | DIRECTOR | 1.00 |
Director
|
$3,733 | $0 | $3,733 |
| STEVE BARNETT | GENERAL MANAGER | 45.00 |
Officer
|
$199,658 | $53,880 | $253,538 |
| MARK PATTERSON | MGR. OF LOSS CONTROL SVCS. | 48.00 |
Highest
|
$130,217 | $40,871 | $171,088 |
| JOSEPH DENISON | CERTIFIED LOSS CONTROL PROFESSIONAL | 42.00 |
Highest
|
$101,315 | $47,970 | $149,285 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,571,984 | $3,337,318 | $2,543,432 | $234,666 |
| 2023 | $3,424,925 | $3,024,835 | $2,140,015 | $400,090 |
| 2022 | $2,980,976 | $3,003,592 | $1,810,935 | $-22,616 |
| 2021 | $2,997,836 | $2,829,406 | $1,829,907 | $168,430 |
| 2020 | $2,695,553 | $2,677,007 | $1,765,320 | $18,546 |
| 2019 | $2,853,626 | $2,984,381 | $1,833,214 | $-130,755 |
| 2018 | $2,760,268 | $2,815,846 | $1,899,941 | $-55,578 |
Compare SOUTH DAKOTA RURAL ELECTRIC ASSOCIATION with other nonprofits in South Dakota and across the country.