RURAL ELECTRIC COOPERATIVE INC (EIN 730431276) - 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

FREDDY RICKS CEO

Phone

4057563104

Tax Period

2023-01-01 to 2023-12-31

RURAL ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $56.9M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC POWER TO MEMBERS AT COST 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 $56,605,543

Investment Income $252,625

Other Revenue $41,407

TOTAL REVENUE $56,899,575

Expense Breakdown

Grants Paid $20,834

Salaries & Benefits $5,530,738

Fundraising Expenses $0

Other Expenses $45,067,207

TOTAL EXPENSES $56,652,245

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,899,575	$58,095,572	0.0%
Expenses	$56,652,245	$57,955,386	0.0%
Net Income	$247,330	$140,186	+0.8%

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

$762,580

Total Directors

$301,359

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY ANDERSON	DIRECTOR	8.00	Director	$22,402	$0	$22,402
BRENT BACON	SECRETARY/TREASURER	12.00	Officer Director	$47,146	$0	$47,146
SCOTT CHRISTIAN	VICE-PRESIDENT	13.00	Officer Director	$48,381	$0	$48,381
MARK FINCH	DIRECTOR	12.00	Director	$26,740	$0	$26,740
RANDALL GRISWOLD	DIRECTOR	11.00	Director	$29,231	$0	$29,231
JOHNNY HARREL	DIRECTOR	5.00	Director	$39,888	$0	$39,888
EMMETT HARRISON	DIRECTOR (MAY-DEC)	10.00	Director	$16,329	$0	$16,329
TERRI HAYS	DIRECTOR	8.00	Director	$25,398	$0	$25,398
GARY JONES	PRESIDENT	17.00	Officer Director	$45,844	$0	$45,844
FREDDY RICKS	CEO	40.00	Officer	$233,744	$80,099	$313,843
LINDA RAY	CFO	40.00	Officer	$197,025	$110,341	$307,366
SHANE J MAYS	OPERATIONS MANAGER	40.00	Highest	$123,859	$97,423	$221,282
DENNY HORSTMAN	METER TECH	53.00	Highest	$123,042	$60,846	$183,888
DAVID CRULL	LINE SUPERVISOR	40.00	Highest	$117,825	$115,290	$233,115
BENJAMIN PIGG	LINEMAN	51.00	Highest	$116,399	$37,989	$154,388
ARIC BEARDEN	DIST LINEMAN	46.00	Highest	$113,954	$53,998	$167,952

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	$56,899,575	$56,652,245	$99,708,281	$247,330
2022	$58,095,572	$57,955,386	$95,467,221	$140,186
2021	$47,989,459	$46,710,371	$94,050,768	$1,279,088
2020	$38,771,221	$38,635,091	$90,177,100	$136,130
2019	$38,427,594	$38,302,856	$87,802,005	$124,738
2018	$38,050,462	$37,346,233	$84,204,271	$704,229

RURAL ELECTRIC COOPERATIVE INC