Red River Valley Rural Electric Association

EIN: 730417655

Marietta, OK

Total Revenue
$49,239,376
Total Expenses
$49,239,376
Total Assets
$111,253,878
Net Assets
$48,280,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1937
Legal Domicile
OK
Principal Officer
Phillip Landgraf
Phone
5802763364
Tax Period
2025-01-01 to 2025-12-31

Red River Valley Rural Electric Association, founded in 1937, is a mid-sized nonprofit that reported $49.2M in total revenue in fiscal year 2025.

Mission

To provide electricity to members on a cooperative basis.

Program Service Accomplishments

Program 1

Red River Valley Rural Electric Association (REA) is responsible for distribution of electricity on a member-owned cooperative basis within a territory covering five counties in Southern Oklahoma...

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Red River Valley Rural Electric Association (REA) is responsible for distribution of electricity on a member-owned cooperative basis within a territory covering five counties in Southern Oklahoma. REA maintains 2,848 miles of distribution lines and serves 18,048 accounts. Capital credits (dollars returned to members) totaled $991,034, and net operating margins allocated to members totaled $1,642,864 during 2025.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,946,500
Investment Income $204,027
Other Revenue $88,849
TOTAL REVENUE $49,239,376

Expense Breakdown

Grants Paid $28,181
Salaries & Benefits $1,785,118
Fundraising Expenses $0
Other Expenses $45,783,213
TOTAL EXPENSES $49,239,376

Year-over-Year Comparison

2025 2024 Change
Revenue $49,239,376 $48,716,696 +0.0%
Expenses $49,239,376 $48,716,696 +0.0%
Net Income $0 N/A 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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
58
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
5
$627,282
Total Directors
9
$251,716
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE MATHIS CEO 50.00
Officer
$235,981 $266,756 $502,737
ROBERT SPANGLO Service Supervisor 57.00
Highest
$139,216 $93,754 $232,970
MARCUS K ANDERSON Line Foreman 57.00
Highest
$150,305 $58,408 $208,713
SHELBY HARRIS COO 50.00
Highest
$153,518 $48,130 $201,648
GREG WINCHESTER VP of Operations 50.00
Highest
$156,637 $38,700 $195,337
CHASE MCKINNEY Lineman 59.00
Highest
$139,088 $52,909 $191,997
PEPPER MELTON Asst SecretaryTreas 5.00
Officer Director
$37,837 $0 $37,837
KING MARTIN Vice President 16.00
Officer Director
$36,337 $0 $36,337
ALLEN WADE Director 10.00
Director
$33,570 $0 $33,570
MELISSA GRACE Director 8.00
Director
$32,516 $0 $32,516
PHILLIP LANDGRAF President 5.00
Officer Director
$32,126 $0 $32,126
LARRY HICKS Director 6.00
Director
$30,587 $0 $30,587
BRIAN MUNCRIEF SecretaryTreasurer 4.00
Officer Director
$18,245 $0 $18,245
JERRY MCGILL Director 4.00
Director
$17,275 $0 $17,275
JOHNNY DEWBRE Director 9.00
Director
$13,223 $0 $13,223
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 $49,239,376 $49,239,376 $111,253,878 No data
2024 No data No data No data No data
2023 $48,259,494 $48,259,494 $91,651,432 No data
2022 $52,731,380 $52,731,380 $91,522,543 No data
2021 $43,444,812 $43,444,812 $87,688,171 No data
2020 $39,272,690 $39,272,690 $79,127,781 No data
2019 $38,143,201 $38,143,201 $77,610,295 No data
2018 $37,115,960 $37,115,960 $78,483,693 No data
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