FALL RIVER RURAL ELECT COOPERATIVE INC (EIN 820117758) - 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

BRYAN CASE

Phone

2086527431

Tax Period

2024-01-01 to 2024-12-31

FALL RIVER RURAL ELECT COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $42.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $38.5M left a modest 9% surplus.

Mission

PROVIDE ELECTRIC SERVICE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

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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 $0

Program Service Revenue $41,297,676

Investment Income $961,741

Other Revenue $-151,575

TOTAL REVENUE $42,107,842

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,926,752

Fundraising Expenses $0

Other Expenses $26,067,323

TOTAL EXPENSES $38,501,090

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,107,842	$38,331,466	+0.1%
Expenses	$38,501,090	$36,665,373	+0.1%
Net Income	$3,606,752	$1,666,093	+1.2%

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

$758,493

Total Directors

$158,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN CASE	GENERAL MANAGER	56.01	Officer	$278,693	$135,761	$414,454
DAVID PETERSON	MANAGER OF ENGINEERING	41.06	Highest	$207,605	$86,986	$294,591
SHANNON HILL	MANAGER OF IT SERVICES	40.21	Highest	$179,511	$112,163	$291,674
LINDEN BARNEY	CFO	41.06	Officer	$187,623	$96,966	$284,589
AARON KEARSLEY	LINEMAN	44.14	Highest	$193,037	$48,968	$242,005
THOMAS ATCHLEY	LINE FOREMAN	46.52	Highest	$169,035	$53,629	$222,664
CLINTON WASHBURN	MEMBER SERVICE MANAGER	45.35	Highest	$160,475	$50,824	$211,299
GEORG BEHRENS	PRESIDENT	16.17	Officer Director	$23,900	$0	$23,900
DOUG SCHMIER	DIRECTOR	13.29	Director	$23,700	$0	$23,700
JODI STIEHL	SECRETARY-TREASURER	12.44	Officer Director	$20,450	$0	$20,450
DEDE DRAPER	DIRECTOR	5.42	Director	$17,900	$0	$17,900
ANNA LINDSTEDT	DIRECTOR	4.63	Director	$15,500	$0	$15,500
BRENT CROWTHER	VICE PRESIDENT	7.19	Officer Director	$15,100	$0	$15,100
JEFF KEAY	DIRECTOR	5.98	Director	$15,100	$0	$15,100
TRAVIS MARKEGARD	DIRECTOR	6.94	Director	$13,700	$0	$13,700
BRENT ROBSON	DIRECTOR	5.38	Director	$13,100	$0	$13,100

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	$42,107,842	$38,501,090	$132,936,260	$3,606,752
2023	$38,331,466	$36,665,373	$133,594,021	$1,666,093
2022	$37,199,047	$36,206,598	$131,391,941	$992,449
2021	$35,032,975	$31,827,849	$121,834,255	$3,205,126
2020	$34,248,356	$32,093,659	$123,175,101	$2,154,697
2019	$35,104,460	$31,964,107	$121,658,076	$3,140,353
2018	$33,554,546	$30,449,961	$120,546,166	$3,104,585

FALL RIVER RURAL ELECT COOPERATIVE INC