NEBRASKA RURAL ELECTRIC ASSOCIATION

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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

1935

Legal Domicile

Principal Officer

RICHARD NELSON

Phone

4024754988

Tax Period

2024-01-01 to 2024-12-31

NEBRASKA RURAL ELECTRIC ASSOCIATION, founded in 1935, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $2.9M exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDE VALUE AND SUPPORT THROUGH ESSENTIAL SERVICES.

Program Service Accomplishments

Program 1

THE TRADE ASSOCIATION HAS 34 RURAL ELECTRIC SYSTEMS THAT PROVIDE ELECTRIC SERVICES IN RURAL AREAS AND SMALL TOWNS IN NEBRASKA. NEBRASKA RURAL ELECTRIC ASSOCIATION PROVIDES THEIR MEMBER-SYSTEMS WITH MAGAZINE, DIRECTORY, AND PUBLIC RELATIONS SUPPORT; JOB TRAINING, EDUCATION AND SAFETY; ADVOCACY AND REGULATORY COMPLIANCE; AND OTHER SPECIAL SERVICES RELATED TO ELECTRIFICATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,173,578

Program Service Revenue $969,744

Investment Income $55,712

Other Revenue $28,796

TOTAL REVENUE $2,227,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $712,197

Fundraising Expenses $0

Other Expenses $2,229,409

TOTAL EXPENSES $2,941,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,227,830	$2,926,668	-0.2%
Expenses	$2,941,606	$2,927,879	+0.0%
Net Income	$-713,776	$-1,211	+588.4%

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

$9,000

Total Directors

$37,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG STREHLE	PRESIDENT	2.00	Officer Director	$3,600	$0	$3,600
VANCE MCCOY	VICE PRESIDENT	2.00	Officer Director	$1,800	$0	$1,800
DAN SCHEER	SECRETARY/TREASURER	2.00	Officer Director	$3,600	$0	$3,600
MICHAEL WILLIAMS	DIRECTOR	1.00	Director	$1,400	$0	$1,400
MARK BLAZEK	DIRECTOR	1.00	Director	$1,250	$0	$1,250
RANDY PAPENHAUSEN	DIRECTOR	1.00	Director	$400	$0	$400
JUSTIN BRICKNER	DIRECTOR	1.00	Director	$1,400	$0	$1,400
RICHARD KILDOW	DIRECTOR	1.00	Director	$100	$0	$100
ROBERT GRAY JR	DIRECTOR	1.00	Director	$1,400	$0	$1,400
LLOYD RAMSEY	DIRECTOR	1.00	Director	$0	$0	$0
AC PAT HECOX II	DIRECTOR	1.00	Director	$600	$0	$600
DENNIS KUCHAR	DIRECTOR	1.00	Director	$1,050	$0	$1,050
KEVIN THOMAS	DIRECTOR	1.00	Director	$400	$0	$400
MERLIN PRIOR	DIRECTOR	1.00	Director	$1,450	$0	$1,450
JAMES LEE	DIRECTOR	1.00	Director	$800	$0	$800
TOM SCHLACK	DIRECTOR	1.00	Director	$0	$0	$0
HARRY WALAHOSKI	DIRECTOR	1.00	Director	$1,200	$0	$1,200
JIM RUGGLES	DIRECTOR	1.00	Director	$600	$0	$600
DAVID KEENER	DIRECTOR	1.00	Director	$1,200	$0	$1,200
JERRY CHILDERS	DIRECTOR	1.00	Director	$1,450	$0	$1,450
STEWART HUNEKE	DIRECTOR	1.00	Director	$1,000	$0	$1,000
TERRY STROPE	DIRECTOR	1.00	Director	$0	$0	$0
RON STECH	DIRECTOR	1.00	Director	$800	$0	$800
KEVIN CHRISTY	DIRECTOR	1.00	Director	$800	$0	$800
BRYAN MONAHAN	DIRECTOR	1.00	Director	$1,400	$0	$1,400
MARK BECKER	DIRECTOR	1.00	Director	$1,000	$0	$1,000
VERNON KUHNEL	DIRECTOR	1.00	Director	$800	$0	$800
KEN STREY	DIRECTOR (END 06/2024)	1.00	Director	$0	$0	$0
DANA MEYER	DIRECTOR (BEG 07/2024)	1.00	Director	$800	$0	$800
DAVID WOODS	DIRECTOR	1.00	Director	$1,400	$0	$1,400
BRENT EVANS	DIRECTOR	1.00	Director	$1,400	$0	$1,400
DOUGLAS OERTWICH	DIRECTOR	1.00	Director	$800	$0	$800
DENNIS WHITE	DIRECTOR	1.00	Director	$1,400	$0	$1,400
MARCUS MILANUK	DIRECTOR	1.00	Director	$1,400	$0	$1,400
MARK KNAUB	DIRECTOR	1.00	Director	$1,000	$0	$1,000
RICHARD NELSON	GENERAL MANAGER	40.00	Officer	$0	$0	$0
RACHAEL BLACK	DIRECTOR OF ADMINISTRATIVE SERVICES & EVENTS	40.00	Highest	$124,631	$67,051	$191,682
JAMES DUKESHERER	DIRECTOR OF GOVERNMENT RELATIONS	40.00	Highest	$127,696	$56,941	$184,637

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	$2,227,830	$2,941,606	$1,432,825	$-713,776
2023	$2,926,668	$2,927,879	$2,166,138	$-1,211
2022	$2,691,867	$2,483,508	$2,037,686	$208,359
2021	$2,435,267	$2,321,865	$1,967,725	$113,402
2019	$2,591,028	$2,482,960	$1,999,215	$108,068
2018	$2,504,515	$2,420,277	$1,849,253	$84,238