4 RIVERS ELECTRIC COOPERATIVE INC (EIN 833492758) - 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

2020

Legal Domicile

Principal Officer

DENNIS SVANES

Phone

6203642116

Tax Period

2024-01-01 to 2024-12-31

4 RIVERS ELECTRIC COOPERATIVE INC, founded in 2020, is a mid-sized nonprofit in the Mutual Benefit sector that reported $30.1M in total revenue in fiscal year 2024. Expenses of $28.8M left a modest 4% surplus.

Mission

TO PROVIDE ELECTRICITY SERVICE TO 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $28,823,848

Investment Income $1,228,121

Other Revenue $67,974

TOTAL REVENUE $30,119,943

Expense Breakdown

Grants Paid $5,252

Salaries & Benefits $2,216,464

Fundraising Expenses $0

Other Expenses $24,133,144

TOTAL EXPENSES $28,820,712

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,119,943	$28,576,322	+0.1%
Expenses	$28,820,712	$28,576,322	+0.0%
Net Income	$1,299,231	$0	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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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

$1,407,273

Total Directors

$46,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY FELTS	PRESIDENT	2.50	Officer Director	$6,400	$0	$6,400
STACY HEINS	VICE PRESIDENT	1.30	Officer Director	$4,300	$0	$4,300
WARREN SCHMIDT	SECRETARY	0.90	Officer Director	$4,800	$0	$4,800
LOREN DICKENS JR	TREASURER	1.00	Officer Director	$10,000	$0	$10,000
NICK FRANKENBERY	TRUSTEE (UNTIL 03/24)	1.30	Director	$700	$0	$700
MICHAEL SPRINGER	TRUSTEE (UNTIL 03/24)	1.10	Director	$700	$0	$700
RANDALL BUNNEL	TRUSTEE	1.30	Director	$4,500	$0	$4,500
ROBERT CONVERSE	TRUSTEE	0.90	Director	$3,150	$0	$3,150
TOM AYERS	TRUSTEE	1.10	Director	$3,900	$0	$3,900
DAVID KUNKEL	TRUSTEE	1.20	Director	$3,700	$0	$3,700
A EUGENE HUSTON	TRUSTEE	0.90	Director	$4,500	$0	$4,500
ROGER COLE	CHIEF FINANCIAL OFFICER (UNTIL 05/24)	50.00	Officer	$198,025	$93,064	$291,089
JOANNE KOLB	CHIEF FINANCIAL OFFICER (BEG 05/24)	45.00	Officer	$123,359	$67,548	$190,907
MARK DOEBELE	ASST GM/CHIEF OPERATING OFFICER	50.00	Officer	$216,740	$240,949	$457,689
DENNIS SVANES	CHIEF EXECUTIVE OFFICER	50.00	Officer	$342,848	$99,240	$442,088
KEN CAUDELL	CHIEF TECHNICAL OFFICER	45.00	Highest	$155,922	$76,496	$232,418
CHAD GUIMOND	JOURNEYMAN LINEMAN	47.00	Highest	$145,484	$38,829	$184,313
CASH BAKER	LEAD LINEMAN/SERVICEMAN	45.40	Highest	$137,732	$32,923	$170,655
BRYAN SOBBA	LINE FOREMAN	46.70	Highest	$147,964	$33,886	$181,850
ZACK PEAK	SAFETY & LINE MANAGER	45.00	Highest	$130,439	$89,419	$219,858

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	$30,119,943	$28,820,712	$86,329,356	$1,299,231
2023	$28,576,322	$28,576,322	$81,725,885	No data
2022	$28,211,399	$28,476,773	$78,628,848	$-265,374
2021	$27,965,623	$25,974,550	$77,059,961	$1,991,073
2020	$25,156,085	$24,756,607	$76,752,459	$399,478

4 RIVERS ELECTRIC COOPERATIVE INC