NRECA WOOD QUALITY CONTROL INC

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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

1985

Legal Domicile

Phone

7039075928

Tax Period

2024-01-01 to 2024-12-31

NRECA WOOD QUALITY CONTROL INC, founded in 1985, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $2.8M left a modest 11% surplus.

Mission

ESTABLISH, OPERATE, MAINTAIN AND ADMINISTER A PROGRAM OF ACTIVITIES DESIGNED TO IMPLEMENT RECOGNIZED STANDARDS ESTABLISHED BY THE UNITED STATES RURAL UTILITIES SERVICE AND OTHERS TO ENSURE THE QUALITY OF TIMBER PRODUCTS USED IN THE CONTRUCTION OF RURAL ELECTRIFICATION SYSTEMS.

Program Service Accomplishments

Program 1

Expenses: $2,832,334 Revenue: $3,103,673

FOR 2024 WQC'S STAFF AND CONTRACTOR, TIMBER PRODUCT INSPECTION, INC., MONITORED THE PRODUCTION OF POLES AND CROSS ARMS. WQC CONTINUED TO ENSURE ALL POLES AND CROSS ARMS INSPECTED IN 2024 MET OR...

FOR 2024 WQC'S STAFF AND CONTRACTOR, TIMBER PRODUCT INSPECTION, INC., MONITORED THE PRODUCTION OF POLES AND CROSS ARMS. WQC CONTINUED TO ENSURE ALL POLES AND CROSS ARMS INSPECTED IN 2024 MET OR EXCEEDED THE UNITED STATES RURAL UTILITIES SERVICE (RUS) SPECIFICATIONS.

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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 $0

Program Service Revenue $3,103,673

Investment Income $91,234

Other Revenue $0

TOTAL REVENUE $3,194,907

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,832,334

Other Expenses $2,832,334

TOTAL EXPENSES $2,832,334

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,194,907	$3,561,672	-0.1%
Expenses	$2,832,334	$2,940,785	0.0%
Net Income	$362,573	$620,887	-0.4%

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

N/A

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

$2,496,748

Total Directors

$2,222,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA STRICKLAND	SR. VICE PRESIDENT	0.1	Officer Director	$0	$130,317	$592,415
DUSTIN YOUNG	TREASURER	0.3	Officer Director	$0	$102,752	$377,604
JEFFREY CONNOR	PRESIDENT	0.1	Officer Director	$0	$118,470	$970,284
MARTY LITTREL	VICE PRESIDENT	0.1	Officer Director	$0	$0	$34,000
OLIVER COX	SECOND VICE PRESIDENT	40.0	Officer Director	$0	$53,022	$210,048
RANDY SHAW	DIRECTOR	0.1	Director	$0	$0	$12,400
TIMOTHY VELDE	DIRECTOR	0.1	Director	$0	$0	$25,250
JESSICA HEALY	SECRETARY	1.0	Officer	$0	$43,390	$312,397

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	$3,194,907	$2,832,334	$3,124,437	$362,573
2023	$3,561,672	$2,940,785	$2,772,033	$620,887
2022	$3,022,290	$2,655,230	$2,097,316	$367,060
2021	$2,609,014	$2,341,545	$1,663,915	$267,469
2020	$2,516,388	$2,538,979	$1,393,740	$-22,591
2019	$2,369,374	$2,266,983	$1,439,209	$102,391
2018	$2,484,181	$2,225,815	$1,385,628	$258,366