Flint Hills Rural Electric Coopera… - Form 990 Financial Data

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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

Charles Goeckel

Phone

6207675144

Tax Period

2024-01-01 to 2024-12-31

Flint Hills Rural Electric Cooperative Association, founded in 1938, is a mid-sized nonprofit that reported $14.6M in total revenue in fiscal year 2024.

Mission

Flint Hills Rural Electric Cooperative Associations mission is to provide safe, reliable, and affordable power.

Program Service Accomplishments

Program 1

Utilizing approximately 2,582 miles of transmission and distribution line, Flint Hills Rural Electric Cooperative Association provided 82,735,585 Kilowatt-Hours of electric energy to its members...

Utilizing approximately 2,582 miles of transmission and distribution line, Flint Hills Rural Electric Cooperative Association provided 82,735,585 Kilowatt-Hours of electric energy to its members located in parts of McPherson, Marion, Harvey, Chase, Morris, Lyon, Geary, Riley, Dickinson, Butler, and Wabaunsee counties.

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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 $235,248

Program Service Revenue $13,997,338

Investment Income $265,079

Other Revenue $60,437

TOTAL REVENUE $14,558,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,354,528

Fundraising Expenses $0

Other Expenses $12,040,984

TOTAL EXPENSES $14,322,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,558,102	$13,481,014	+0.1%
Expenses	$14,322,854	$13,481,014	+0.1%
Net Income	$235,248	N/A	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

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

$532,533

Total Directors

$38,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Goeckel	General Manager	50.00	Officer	$229,564	$166,583	$396,147
James Blue	Manager of Operations	44.00	Highest	$124,617	$46,265	$170,882
Brock Nieman	Foreman	43.00	Highest	$120,812	$41,094	$161,906
Dylan Jirak	Journeyman Lineman	46.00	Highest	$121,591	$34,066	$155,657
Trevor Kruse	Journeyman Lineman	45.00	Highest	$117,703	$33,845	$151,548
Drew OMara	Journeyman Lineman	46.00	Highest	$123,990	$19,612	$143,602
Jodi Blackburn	Accounting Supervisor	42.00	Officer	$79,181	$57,205	$136,386
Shawn Potts	President	3.00	Director	$6,300	$0	$6,300
Terry Olsen	Director	2.00	Director	$4,800	$0	$4,800
Roger Zimmerman	Vice President	4.00	Director	$4,800	$0	$4,800
Dale Andres	Director	3.00	Director	$4,500	$0	$4,500
Korby Effland	Treasurer	2.00	Director	$4,500	$0	$4,500
Cary Granzow	Director	2.00	Director	$4,500	$0	$4,500
Trey Hinkson	Director	1.00	Director	$4,500	$0	$4,500
Jeff Bina	Director	1.00	Director	$3,000	$0	$3,000
James Witt	Director	1.00	Director	$1,500	$0	$1,500

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	$14,558,102	$14,322,854	$40,810,698	$235,248
2023	$13,481,014	$13,481,014	$40,438,933	No data
2022	$13,189,108	$13,189,105	$40,008,076	$3
2021	$12,825,818	$12,825,818	$37,566,218	No data
2020	$11,708,745	$11,708,745	$38,463,369	No data
2019	$12,305,923	$12,305,923	$38,293,143	No data
2018	$13,137,243	$13,137,243	$38,498,490	No data

Flint Hills Rural Electric Cooperative Association