Panhandle Rural Electric Membership Association

EIN: 470348046

Alliance, NE

Total Revenue
$19,412,349
Total Expenses
$15,766,919
Total Assets
$43,154,598
Net Assets
$23,395,167
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1945
Legal Domicile
NE
Principal Officer
Zac Bryant
Phone
3087621311
Tax Period
2024-01-01 to 2024-12-31

Panhandle Rural Electric Membership Association, founded in 1945, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.6M, a strong 19% operating margin.

Mission

To provide safe, reliable, efficient, and reasonably priced electricity and services to its members to improve the quality of their lives

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $18,681,772
Investment Income $710,330
Other Revenue $20,247
TOTAL REVENUE $19,412,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,193,754
Fundraising Expenses $0
Other Expenses $12,246,804
TOTAL EXPENSES $15,766,919

Year-over-Year Comparison

2024 2023 Change
Revenue $19,412,349 $15,144,678 +0.3%
Expenses $15,766,919 $14,535,395 +0.1%
Net Income $3,645,430 $609,283 +5.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
4
Employees
28
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
4
$213,220
Total Directors
7
$36,766
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Zac Bryant General Manager 40.00
Officer
$158,581 $31,686 $190,267
Boone Manion Operations Manager 40.00
Highest
$118,855 $65,712 $184,567
Doug Hickox Alliance Foreman 48.00
Highest
$123,258 $57,967 $181,225
Anthony Burton Hyannis Foreman 46.00
Highest
$118,584 $52,050 $170,634
Tyler Trout Lineman 49.00
Highest
$108,159 $46,330 $154,489
Dale Knapp Staking Engineer 40.00
Highest
$120,770 $27,159 $147,929
RD Sutphen President 1.00
Officer Director
$9,800 $1,080 $10,880
Bryan Monahan Secretary - Treasurer 1.00
Officer Director
$6,300 $2,442 $8,742
Wayne Crawford Director 1.00
Director
$3,500 $268 $3,768
Marty Larsen Director 1.00
Director
$2,800 $965 $3,765
Michael Collins Director 1.00
Director
$3,500 $161 $3,661
Phil Zochol Vice President 1.00
Officer Director
$3,150 $181 $3,331
Chris Cullan Director 1.00
Director
$2,450 $169 $2,619
Dale Berndt Director 1.00
$1,050 $169 $1,219
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 $19,412,349 $15,766,919 $43,154,598 $3,645,430
2023 $15,144,678 $14,535,395 $42,352,486 $609,283
2022 $15,889,292 $15,779,014 $42,450,631 $110,278
2021 $16,400,067 $15,111,779 $41,224,706 $1,288,288
2020 $15,580,250 $15,205,366 $40,692,285 $374,884
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