Red River Valley Rural Electric Association (EIN 730417655) - 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

1937

Legal Domicile

Principal Officer

JOHNNY DEWBRE

Phone

5802763364

Tax Period

2023-01-01 to 2023-12-31

Red River Valley Rural Electric Association, founded in 1937, is a mid-sized nonprofit that reported $48.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

To provide electricity to members on a cooperative basis

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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 $47,854,330

Investment Income $252,121

Other Revenue $153,043

TOTAL REVENUE $48,259,494

Expense Breakdown

Grants Paid $27,758

Salaries & Benefits $1,746,380

Fundraising Expenses $0

Other Expenses $43,940,966

TOTAL EXPENSES $48,259,494

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,259,494	$52,731,380	-0.1%
Expenses	$48,259,494	$52,731,380	-0.1%
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

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

$741,416

Total Directors

$221,234

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT SYKORA	Former CEO	50.00	Officer	$185,338	$216,284	$401,622
MIKE MATHIS	CEO	50.00	Officer	$161,216	$78,129	$239,345
JERRY WELCH	Director of Operations	50.00	Highest	$114,678	$76,711	$191,389
ROBERT SPANGLO	Service Supervisor	56.00	Highest	$136,119	$42,642	$178,761
CHASE MCKINNEY	Lineman	53.00	Highest	$124,886	$15,902	$140,788
GREG WINCHESTER	VP of Engineering	50.00	Highest	$130,593	$2,360	$132,953
MARCUS ANDERSON	Foreman	52.00	Highest	$103,086	$18,588	$121,674
PEPPER MELTON	Director	7.000	Director	$34,455	$0	$34,455
KING MARTIN	SecretaryTreasurer	10.00	Officer Director	$33,555	$0	$33,555
ALLEN WADE	Director	7.000	Director	$30,829	$0	$30,829
PHILLIP LANDGRAF	Vice President	10.00	Officer Director	$28,284	$0	$28,284
LARRY HICKS	Director	7.000	Director	$27,715	$0	$27,715
BRIAN MUNCRIEF	Asst SecTreasurer	10.00	Officer Director	$25,941	$0	$25,941
JERRY MCGILL	Director	7.000	Director	$16,956	$0	$16,956
JOHNNY DEWBRE	President	10.00	Officer Director	$12,669	$0	$12,669
HAROLD LESTER	Director	7.000	Director	$10,830	$0	$10,830

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	$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

Red River Valley Rural Electric Association