Rusk County Electric Cooperative Inc

EIN: 750535849

Henderson, TX

Total Revenue
$63,340,914
Total Expenses
$63,340,914
Total Assets
$140,411,983
Net Assets
$77,363,937
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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
TX
Phone
9036574571
Tax Period
2023-01-01 to 2023-12-31

Rusk County Electric Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $63.3M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

THE MISSION OF RCEC IS TO PROVIDE RELIABLE, EFFICIENT, AND ECONOMICAL SERVICES TO OUR CUSTOMERS THAT ENHANCE THEIR QUALITY OF LIFE. RCEC PROVIDED ELECTRICAL ENERGY TO OVER 15,000 COOPERATIVE MEMBERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $62,970,672
Investment Income $243,905
Other Revenue $126,337
TOTAL REVENUE $63,340,914

Expense Breakdown

Grants Paid $0
Salaries & Benefits $723,788
Fundraising Expenses $0
Program Expenses $63,340,914
Other Expenses $60,598,056
TOTAL EXPENSES $63,340,914

Year-over-Year Comparison

2023 2022 Change
Revenue $63,340,914 $74,144,265 -0.1%
Expenses $63,340,914 $74,144,265 -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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Governance

Voting Members
7
Independent Members
7
Employees
84
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
6
$679,818
Total Directors
7
$172,240
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rhett Reid General Manager 55.00
Officer
$231,928 $117,602 $349,530
BELINDA KERN MNGR OF OFF. SERV. 50.00
$139,601 $123,847 $263,448
JIM DICKESON SUPER OF STRAT SER 50.00
$136,879 $102,584 $239,463
RUBEN CONTRERAS CREW FOREMAN 55.00
$156,248 $64,305 $220,553
BRENDON DANE FINANCE MANAGER 50.00
Officer
$134,107 $67,911 $202,018
CLAY LONG CREW FOREMAN 59.00
$142,975 $58,698 $201,673
ROBERT J WILLIAMS CHIEF OPERATE OFF 53.00
$142,428 $57,694 $200,122
KENNETH KEELING President 30.00
Officer Director
$35,813 $0 $35,813
EMILY WHITWORTH SECRETARY TREAS 16.00
Officer Director
$35,413 $0 $35,413
RICHARD HACKER ASSIST SEC/TREA 22.00
Officer Director
$33,513 $0 $33,513
SAM ALLISON Director 16.00
Director
$25,815 $0 $25,815
JAY INNERARITY Vice President 26.00
Officer Director
$23,531 $0 $23,531
TONY CAVALIERE Director 20.00
Director
$9,700 $0 $9,700
NORA TIPPS Director 15.00
Director
$8,455 $0 $8,455
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 $63,340,914 $63,340,914 $140,411,983 No data
2022 $74,144,265 $74,144,265 $137,864,154 No data
2021 $65,763,493 $65,763,493 $135,612,483 No data
2020 $53,931,709 $53,931,709 $134,529,071 No data
2019 $58,770,116 $58,770,116 $128,350,249 No data
2018 $61,508,259 $61,508,259 $129,009,253 No data
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