RIVERSIDE ELECTRIC COMPANY (EIN 820159335) - 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

1918

Legal Domicile

Principal Officer

CHAD SURRAGE

Phone

2086781300

Tax Period

2024-10-01 to 2025-09-30

RIVERSIDE ELECTRIC COMPANY, founded in 1918, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $251K, a strong 23% operating margin.

Mission

PROVIDE RURAL ELECTRIC SERVICE TO OVER 500 PATRONS.

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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 $876,269

Investment Income $2,597

Other Revenue $234,993

TOTAL REVENUE $1,113,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,527

Fundraising Expenses $0

Program Expenses $847,860

Other Expenses $379,663

TOTAL EXPENSES $863,190

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,113,859	$1,426,195	-0.2%
Expenses	$863,190	$977,950	-0.1%
Net Income	$250,669	$448,245	-0.4%

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

$137,551

Total Directors

$6,080

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD SURRAGE	SECRETARY	40.00	Officer	$137,551	$0	$137,551
LEONARD BARENDREGT	DIRECTOR	1.00	Director	$1,120	$0	$1,120
BOB STUDER	DIRECTOR	1.00	Director	$1,120	$0	$1,120
KENNETH BAILEY	DIRECTOR	1.00	Director	$1,040	$0	$1,040
DICK BYCE	DIRECTOR	1.00	Director	$1,040	$0	$1,040
JERRY BUERKLE	DIRECTOR	1.00	Director	$960	$0	$960
MIKE O'DONNELL	DIRECTOR	1.00	Director	$800	$0	$800

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	$1,113,859	$863,190	$3,164,067	$250,669
2024	$1,426,195	$977,950	$2,566,918	$448,245
2023	$1,133,029	$940,899	$2,053,799	$192,130
2022	$958,879	$824,811	$1,952,557	$134,068
2021	$841,953	$806,664	$1,756,446	$35,289
2020	$768,858	$784,494	$1,777,696	$-15,636
2019	$658,769	$653,158	$1,674,493	$5,611

RIVERSIDE ELECTRIC COMPANY