Butler Rural Electric Coop Assoc (EIN 480157067) - Form 990 Financial Analysis & Trantor Score

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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

1938

Legal Domicile

Principal Officer

Kevin Brownlee

Tax Period

2023-01-01 to 2023-12-31

Butler Rural Electric Coop Assoc, founded in 1938, is a mid-sized nonprofit that reported $31.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $28.3M left a modest 9% surplus.

Mission

To Provide reliable electric power, broadband communication services and other related services to members at the most affordable cost

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,883,493

Program Service Revenue $27,868,642

Investment Income $24,041

Other Revenue $410,601

TOTAL REVENUE $31,186,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,639,269

Fundraising Expenses $0

Program Expenses $28,303,284

Other Expenses $25,971,751

TOTAL EXPENSES $28,303,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,186,777	$28,060,383	+0.1%
Expenses	$28,303,284	$28,197,107	+0.0%
Net Income	$2,883,493	$-136,724	-22.1%

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

$761,021

Total Directors

$22,670

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin Brownlee	CEO	39.00	Officer	$212,942	$114,204	$327,146
Alan Harper	Manager of Operations	35.00	Officer	$117,876	$132,428	$250,304
Mark Anders	Area ForemanLineman	40.00	Highest	$118,919	$85,334	$204,253
Aaron Yoder	Journeyman Lineman	36.00	Highest	$105,142	$68,182	$173,324
Luke Roush	Journeyman Lineman	39.00	Highest	$104,580	$66,341	$170,921
Tyler Haney	Journeyman Lineman	37.00	Highest	$108,022	$60,774	$168,796
Wendy McAdoo	VP of Admin and Finance	0.00	Officer	$119,740	$31,717	$151,457
Ben Roth	Journeyman Lineman	35.00	Highest	$107,117	$39,642	$146,759
Kevin Bittner	CROCOO	29.00	Officer	$23,639	$0	$23,639
Ron Oelkers	Trustee	8.00	Director	$6,870	$0	$6,870
Gerald Staab	Vice President	6.00	Officer Director	$3,625	$0	$3,625
Dean Thompson	SecretaryTreasurer	3.00	Officer Director	$3,025	$0	$3,025
Gary Hill	Trustee	3.00	Director	$2,775	$0	$2,775
Boyd Ray	Trustee	3.00	Director	$2,575	$0	$2,575
Josh Harder	Trustee	3.00	Director	$1,975	$0	$1,975
Sheri Claassen	President	12.00	Officer Director	$1,825	$0	$1,825

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	$31,186,777	$28,303,284	$121,809,676	$2,883,493
2022	$28,060,383	$28,197,107	$107,637,815	$-136,724
2021	$25,319,621	$25,319,621	$103,491,188	No data
2020	$23,422,484	$23,422,484	$100,856,039	No data
2019	$20,654,534	$20,654,534	$97,183,950	No data
2018	$20,024,556	$20,024,556	$83,508,340	No data

Butler Rural Electric Coop Assoc