SHENANDOAH VALLEY 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

1936

Legal Domicile

Principal Officer

GREGORY S ROGERS

Phone

5404342200

Tax Period

2023-01-01 to 2023-12-31

SHENANDOAH VALLEY ELECTRIC COOPERATIVE, founded in 1936, is a major nonprofit that reported $293.1M in total revenue in fiscal year 2023.

Mission

PROVIDE RELIABLE AND SAFE ELECTRIC SERVICE AT THE BEST POSSIBLE VALUE WITHIN OUR COMMUNITIES, CONSISTENT WITH SOUND MANAGEMENT AND COOPERATIVE PRINCIPLES.

Program Service Accomplishments

Program 1

PROVIDE RELIABLE AND SAFE ELECTRIC SERVICE AT THE BEST POSSIBLE VALUE WITHIN OUR COMMUNITIES, CONSISTENT WITH SOUND MANAGEMENT AND COOPERATIVE PRINCIPLES. THE THREE LARGEST PROGRAM SERVICES AS...

PROVIDE RELIABLE AND SAFE ELECTRIC SERVICE AT THE BEST POSSIBLE VALUE WITHIN OUR COMMUNITIES, CONSISTENT WITH SOUND MANAGEMENT AND COOPERATIVE PRINCIPLES. THE THREE LARGEST PROGRAM SERVICES AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 199,582,842 OTHER SALARIES AND WAGES 23,530,647 DEPRECIATION EXPENSE 20,220,265

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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 $0

Program Service Revenue $287,977,406

Investment Income $3,612,424

Other Revenue $1,545,928

TOTAL REVENUE $293,135,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,731,246

Fundraising Expenses $0

Other Expenses $246,835,197

TOTAL EXPENSES $288,336,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$293,135,758	$277,006,002	+0.1%
Expenses	$288,336,265	$273,064,407	+0.1%
Net Income	$4,799,493	$3,941,595	+0.2%

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

261

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

$1,119,531

Total Directors

$311,525

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY S ROGERS	PRESIDENT &	60.00	Officer	$566,072	$104,284	$670,356
JONATHAN M AULGUR	ASST SEC/TRE	50.00	Officer	$303,614	$46,561	$350,175
WAYNE D HANNAH JR	VP & CIO	55.00	Highest	$247,632	$79,338	$326,970
JASON E BURCH	VP ENGINEERI	50.00	Highest	$211,815	$48,641	$260,456
WILLIAM E REES	VP OPERATION	50.00	Highest	$183,598	$63,586	$247,184
SCOTT G BOYD	DIR INFRASTR	50.00	Highest	$180,982	$57,507	$238,489
TRACY MCBRIDE	VP FINANCE	50.00	Highest	$180,869	$48,440	$229,309
BILL ORNDOFF	CHAIR	7.29	Officer Director	$39,200	$0	$39,200
LARRY C HOWDYSHELL	DIRECTOR	8.60	Director	$32,150	$0	$32,150
BRENT ARBOGAST	DIRECTOR	6.25	Director	$30,425	$0	$30,425
STEPHEN BURKHOLDER	DIRECTOR	5.10	Director	$30,250	$0	$30,250
ROBBIE F MARCHANT	DIRECTOR	6.01	Director	$30,150	$0	$30,150
SUZANNE OBENSHAIN	DIRECTOR	5.54	Director	$30,150	$0	$30,150
CA HELSLEY	SEC/TREAS	2.90	Officer Director	$29,950	$0	$29,950
JR DOFFLEMYER	VICE CHAIR	3.84	Officer Director	$29,850	$0	$29,850
TODD VAN HORN	DIRECTOR	8.26	Director	$29,850	$0	$29,850
BRIAN PLUM	DIRECTOR	4.00	Director	$29,550	$0	$29,550

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	$293,135,758	$288,336,265	$614,582,746	$4,799,493
2022	$277,006,002	$273,064,407	$620,113,096	$3,941,595
2021	$240,751,246	$235,270,290	$571,380,010	$5,480,956
2020	$237,343,124	$235,619,246	$538,257,474	$1,723,878
2019	$262,001,054	$260,484,410	$521,612,005	$1,516,644
2018	$251,301,889	$249,596,890	$500,191,255	$1,704,999

SHENANDOAH VALLEY ELECTRIC COOPERATIVE