LOUISIANA RURAL ELECTRIC ASSOCIATION INC (EIN 721471114) - 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

2000

Legal Domicile

Principal Officer

GARY SOILEAU

Phone

3378965384

Tax Period

2024-09-01 to 2025-08-31

LOUISIANA RURAL ELECTRIC ASSOCIATION INC, founded in 2000, is a small nonprofit in the Community Improvement sector that reported $316K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $59K, a strong 19% operating margin.

Mission

REGULATORY & LEGISLATIVE SUPPORT; AS WELL AS EDUCATION & SAFETY SUPPORT

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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 $60,959

Program Service Revenue $233,328

Investment Income $21,725

Other Revenue $0

TOTAL REVENUE $316,012

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,300

Fundraising Expenses $0

Other Expenses $226,213

TOTAL EXPENSES $256,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$316,012	$618,733	-0.5%
Expenses	$256,513	$406,114	-0.4%
Net Income	$59,499	$212,619	-0.7%

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

$77,007

Total Directors

$184,156

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL COMEAUX	DIRECTOR	1.00	Director	$1,800	$0	$45,947
BRYAN LEONARDS SR	DIRECTOR	1.00	Director	$2,700	$0	$45,902
GARY SOILEAU	PRESIDENT	1.00	Officer Director	$2,700	$0	$36,441
DON RESWEBER	SECRETARY	1.00	Officer Director	$2,400	$0	$35,166
RALPH CHUSTZ	DIRECTOR	1.00	Director	$2,700	$0	$2,700
BRAD COCKERHAM	VICE PRESIDE	1.00	Officer Director	$2,700	$0	$2,700
DAVID COLE	DIRECTOR	1.00	Director	$2,700	$0	$2,700
BOBBY CREEL	TREASURER	1.00	Officer Director	$2,700	$0	$2,700
ERIC ELLIOTT	DIRECTOR	1.00	Director	$2,700	$0	$2,700
JIMMY EWING	DIRECTOR	1.00	Director	$2,700	$0	$2,700
GEORGE LACOUR	DIRECTOR	1.00	Director	$2,700	$0	$2,700
DON HAMILTON	DIRECTOR	1.00	Director	$1,800	$0	$1,800

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	$316,012	$256,513	$934,297	$59,499
2024	$618,733	$406,114	$741,496	$212,619
2023	$609,407	$445,836	$536,004	$163,571
2022	$598,480	$354,345	$369,730	$244,135
2021	$598,100	$705,071	$149,538	$-106,971
2020	$601,273	$775,032	$256,708	$-173,759
2019	$600,124	$359,179	$454,921	$240,945
2018	$319,213	$276,511	$185,492	$42,702

LOUISIANA RURAL ELECTRIC ASSOCIATION INC