Ninnescah Rural Electric Cooperative Assn Inc

EIN: 480352913

Pratt, KS

Total Revenue
$13,962,387
Total Expenses
$13,962,387
Total Assets
$58,060,061
Net Assets
$24,813,593
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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
1939
Legal Domicile
KS
Principal Officer
Teresa Miller
Phone
6206725538
Tax Period
2024-01-01 to 2024-12-31

Ninnescah Rural Electric Cooperative Assn Inc, founded in 1939, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2024.

Mission

Provide reliable electricity to members at the lowest possible price.

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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 $13,747,856
Investment Income $194,530
Other Revenue $20,001
TOTAL REVENUE $13,962,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $516,821
Fundraising Expenses $0
Other Expenses $13,009,812
TOTAL EXPENSES $13,962,387

Year-over-Year Comparison

2024 2023 Change
Revenue $13,962,387 $13,673,940 +0.0%
Expenses $13,962,387 $13,673,940 +0.0%
Net Income $0 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

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Governance

Voting Members
9
Independent Members
9
Employees
19
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
1
$265,901
Total Directors
11
$53,865
Key Employees
1
$265,901
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Teresa Miller General Manager 40.00
Officer Key Emp
$206,564 $59,337 $265,901
Robert Lamatsch Director of Operations 40.00
Highest
$139,019 $58,036 $197,055
Michael E Christie Trustee 2.37
Director
$8,050 $0 $8,050
Paul W Unruh Secretary 2.65
Director
$7,215 $0 $7,215
Lori R Jones Trustee 2.85
Director
$6,750 $0 $6,750
Edwin D Lenkner Treasurer 1.54
Director
$5,950 $0 $5,950
Kenneth E Unruh Trustee 2.04
Director
$5,600 $0 $5,600
Marc C Rundell N/A 1.73
Director
$5,600 $0 $5,600
Ryan M Lunt N/A 1.36
Director
$4,900 $0 $4,900
Glen M Honeman Vice President 0.95
Director
$4,200 $0 $4,200
Ruth Teichman Trustee 1.13
Director
$4,200 $0 $4,200
Ronald R Schultz President 0.25
Director
$700 $0 $700
Bruce E Warren Trustee 0.24
Director
$700 $0 $700
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 $13,962,387 $13,962,387 $58,060,061 No data
2023 $13,673,940 $13,673,940 $56,016,140 No data
2022 $15,367,017 $15,367,017 $54,260,430 No data
2021 $13,915,563 $13,194,502 $52,244,825 $721,061
2020 $12,649,045 $12,376,332 $50,392,954 $272,713
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