Niobrara Electric Association Inc (EIN 830164125) - 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

1941

Legal Domicile

Principal Officer

Shawna Glendy

Phone

3073343221

Tax Period

2024-01-01 to 2024-12-31

Niobrara Electric Association Inc, founded in 1941, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $17.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $14.7M left a modest 14% surplus.

Mission

To provide rural electricity and services to members within its service area

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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 $16,008,597

Investment Income $1,122,472

Other Revenue $-27,429

TOTAL REVENUE $17,103,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,680,922

Fundraising Expenses $0

Other Expenses $11,378,144

TOTAL EXPENSES $14,664,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,103,640	$13,841,380	+0.2%
Expenses	$14,664,187	$13,430,830	+0.1%
Net Income	$2,439,453	$410,550	+4.9%

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

$218,447

Total Directors

$87,732

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shawna Glendy	General Manager	40.00	Officer	$116,867	$61,592	$178,459
Levi Clark	WY Line Foreman	40.00	Highest	$119,398	$57,691	$177,089
Justin Huston	NE Line Foreman	40.00	Highest	$115,901	$57,709	$173,610
Charles Kleinberg	Lineman	40.00	Highest	$110,223	$56,429	$166,652
Jason Fish	Operations Manager	40.00	Highest	$118,733	$47,072	$165,805
William Smith	Lineman	40.00	Highest	$114,381	$42,206	$156,587
Joel Wasserburger	Vice-President	3.00	Officer Director	$1,800	$17,745	$19,545
David Keener	SecretaryTreasurer	3.00	Officer Director	$1,725	$17,727	$19,452
William Wilson	Director	3.00	Director	$900	$14,495	$15,395
Andy Barnette	Director	3.00	Director	$750	$14,495	$15,245
Neal Wurdeman	Director	3.00	Director	$750	$14,495	$15,245
John Hester	President	3.00	Officer Director	$975	$16	$991
James Dunn	Director	2.00	Director	$750	$34	$784
Brayden Bruegger	Director	2.00	Director	$525	$25	$550
AW Manning	Director	3.00	Director	$525	$0	$525

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	$17,103,640	$14,664,187	$40,387,698	$2,439,453
2023	$13,841,380	$13,430,830	$38,326,777	$410,550
2022	$13,140,024	$13,179,436	$31,657,843	$-39,412
2021	$12,306,280	$12,590,360	$30,067,658	$-284,080
2020	$12,665,213	$12,290,233	$28,975,667	$374,980
2019	$13,816,799	$13,801,453	$32,245,848	$15,346
2018	$13,176,191	$13,085,777	$24,882,885	$90,414

Niobrara Electric Association Inc