HARRISON RURAL ELECTRIFICATION ASSO (EIN 550189745) - Form 990 Financial Analysis & Trantor Score

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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

TERRY STOUT

Phone

3046246365

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

HARRISON RURAL ELECTRIFICATION ASSOCIATION'S (HREA) SOLE PURPOSE IS TO PROVIDE ITS MEMBERS WITH THE LOWEST COST ELECTRICITY AVAILABLE.

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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 $13,458,448

Investment Income $-40,035

Other Revenue $77,446

TOTAL REVENUE $13,495,859

Expense Breakdown

Grants Paid $200

Salaries & Benefits $2,581,851

Fundraising Expenses $0

Other Expenses $9,823,154

TOTAL EXPENSES $12,405,205

Year-over-Year Comparison

	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%

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

$238,845

Total Directors

$33,750

Key Employees

Highest Compensated

reported

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

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	$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

HARRISON RURAL ELECTRIFICATION ASSO