BRIDGEPORT, WV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HARRISON RURAL ELECTRIFICATION ASSO, founded in 1938, is a mid-sized nonprofit that reported $13.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $12.4M left a modest 8% surplus.
HARRISON RURAL ELECTRIFICATION ASSOCIATION'S (HREA) SOLE PURPOSE IS TO PROVIDE ITS MEMBERS WITH THE LOWEST COST ELECTRICITY AVAILABLE.
HREA SELLS ELECTRIC TO RURAL AREA CUSTOMERS AT THE LOWEST POSSIBLE COST. HREA BUILDS LINES WHERE INVESTOR OWNED UTILITIES DO NOT WANT TO BUILD. HREA IS OWNED BY THE MEMBERS THAT IT SERVES.
HREA CONTRIBUTES TO AND MAILS TO CUSTOMERS A MONTHLY MAGAZINE CALLED COUNTRY LIVING WHICH HAS A SECTION TITLED "ILLUMINATOR" IN ORDER TO KEEP CUSTOMERS APPRAISED OF CURRENT ELECTRIC ISSUES AND ISSUES...
HREA CONTRIBUTES TO AND MAILS TO CUSTOMERS A MONTHLY MAGAZINE CALLED COUNTRY LIVING WHICH HAS A SECTION TITLED "ILLUMINATOR" IN ORDER TO KEEP CUSTOMERS APPRAISED OF CURRENT ELECTRIC ISSUES AND ISSUES AFFECTING THEIR CO-OP.
HREA IS INVOLVED WITH THE COMMUNITY BY MAKING VARIOUS DONATIONS TO ORGANIZATIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $13,495,859 | $14,627,050 | -0.1% |
| Expenses | $12,405,205 | $13,251,312 | -0.1% |
| Net Income | $1,090,654 | $1,375,738 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TERRY STOUT | CEO/GENERAL | 40.00 |
Officer
|
$156,823 | $70,522 | $227,345 |
| C BROOKS SHARP | PRESIDENT | 1.25 |
Officer
Director
|
$7,000 | $0 | $7,000 |
| JEFF NELSON | BOARD MEMBER | 1.25 |
Director
|
$6,000 | $0 | $6,000 |
| RONALD WATSON | BOARD MEMBER | 1.25 |
Director
|
$4,750 | $0 | $4,750 |
| GREG ROBERTSON | VICE PRESIDE | 1.25 |
Officer
Director
|
$4,500 | $0 | $4,500 |
| GLEN COX JR | BOARD MEMBER | 1.25 |
Director
|
$4,250 | $0 | $4,250 |
| WILLIAM SUAN | BOARD MEMBER | 1.25 |
Director
|
$4,000 | $0 | $4,000 |
| PHILIP MACMILLAN | BOARD MEMBER | 1.25 |
Director
|
$3,250 | $0 | $3,250 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $13,495,859 | $12,405,205 | $46,066,139 | $1,090,654 |
| 2022 | $14,627,050 | $13,251,312 | $43,135,007 | $1,375,738 |
| 2021 | $14,386,396 | $12,876,944 | $39,716,529 | $1,509,452 |
| 2020 | $13,765,881 | $12,163,902 | $36,681,796 | $1,601,979 |
| 2019 | $14,443,473 | $13,707,986 | $35,554,176 | $735,487 |
| 2018 | $15,494,118 | $13,847,014 | $36,307,202 | $1,647,104 |
Compare HARRISON RURAL ELECTRIFICATION ASSO with other nonprofits in West Virginia and across the country.