FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION (EIN 610189417) - 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

TOBIAS B MOSS

Phone

2706512191

Tax Period

2025-01-01 to 2025-12-31

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $69.9M in total revenue in fiscal year 2025.

Mission

THE COOPERATIVE IS A RURAL ELECTRIC DISTRIBUTION SYSTEM WITH A MISSION OF PROVIDING RELIABLE ELECTRIC SERVICE TO ITS MEMBER-OWNERS IN A COST EFFECTIVE MANNER.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $67,872,942

Investment Income $-4,531

Other Revenue $2,056,458

TOTAL REVENUE $69,924,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,880,493

Fundraising Expenses $0

Program Expenses $69,924,869

Other Expenses $61,244,237

TOTAL EXPENSES $69,924,869

Year-over-Year Comparison

	2025	2024	Change
Revenue	$69,924,869	$65,789,619	+0.1%
Expenses	$69,924,869	$65,789,619	+0.1%
Net Income	$0	$0	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

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

$46,200

Total Directors

$98,450

Key Employees

$307,466

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL HAWKINS	SECRETART TREASURER	5.00	Officer Director	$14,050	$0	$14,050
RONNIE SMITH	DIRECTOR-RETIRED	3.00	Director	$13,600	$0	$13,600
RANDY LONDON	CHAIRMAN	3.00	Officer Director	$17,950	$0	$17,950
CF MARTIN JR	DIRECTOR-RETIRED	2.00	Director	$8,600	$0	$8,600
CORNELIUS FAULKNER	VICE CHAIRMAN	5.00	Officer Director	$14,200	$0	$14,200
RANDY SEXTON	DIRECTOR	4.00	Director	$14,950	$0	$14,950
BRANDI WILLIAMS	DIRECTOR	2.00	Director	$13,900	$0	$13,900
DANIEL REYNOLDS	DIRECTOR	2.00	Director	$1,200	$0	$1,200
TOBIAS MOSS	PRESIDENT & CEO	45.00	Key Emp	$230,209	$77,257	$307,466
JENNIE PHELPS	VICE PRESIDENT, FINANCE &	45.00	Highest	$140,939	$43,720	$184,659
SCOTT LESTER	VICE PRESIDENT, OPERATIONS	45.00	Highest	$141,930	$64,589	$206,519
CHUCK BISHOP	VICE PRESIDENT, ENGINEERIN	45.00	Highest	$141,376	$65,779	$207,155
COREY JACKSON	VICE PRESIDENT, MEMBER & C	45.00	Highest	$129,196	$36,119	$165,315
STEVE MORRISON	FEPP PLANT MANAGER	45.00	Highest	$126,508	$64,502	$191,010
JASON RIGGS	VICE PRESIDENT, TECHNOLOGY	45.00	Highest	$120,645	$46,132	$166,777

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
2025	$69,924,869	$69,924,869	$140,328,216	No data
2024	No data	No data	No data	No data
2023	$61,713,920	$61,713,920	$132,886,341	No data
2022	$67,395,267	$67,395,267	$129,515,239	No data
2021	$57,120,734	$57,120,734	$123,977,998	No data
2020	$50,087,988	$50,087,988	$119,856,022	No data
2019	$54,653,011	$54,653,011	$117,399,165	No data
2018	$56,997,596	$56,997,596	$111,373,545	No data

FARMERS RURAL ELECTRIC COOPERATIVE CORPORATION