Grand Valley Rural Power Lines Inc (EIN 840215835) - 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

1936

Legal Domicile

Principal Officer

Thomas Walch

Phone

9702420040

Tax Period

2024-01-01 to 2024-12-31

Grand Valley Rural Power Lines Inc, founded in 1936, is a mid-sized nonprofit that reported $38.4M in total revenue in fiscal year 2024.

Mission

Distribution of safe and reliable electricity to all our consumers while following our cooperative principals.

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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 $38,182,015

Investment Income $220,329

Other Revenue $0

TOTAL REVENUE $38,402,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,694,814

Fundraising Expenses $0

Other Expenses $34,134,409

TOTAL EXPENSES $38,402,344

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,402,344	$38,939,947	0.0%
Expenses	$38,402,344	$38,939,947	0.0%
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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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

$406,540

Total Directors

$108,945

Key Employees

$669,560

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thomas Walch	CEO	45.00	Officer Key Emp	$329,403	$77,137	$406,540
Derek Elder	CAO	50.00	Highest	$205,230	$62,406	$267,636
Joseph Michlaewicz	CFO	55.00	Key Emp	$199,617	$63,403	$263,020
Matthew Williams	COO	50.00	Highest	$213,505	$46,021	$259,526
William Barlow	Operations Manager	45.00	Highest	$157,838	$41,352	$199,190
Trevor Lettman	Working Foreman	43.00	Highest	$152,148	$37,809	$189,957
Carolyn Sandeen-Hall	Director	6.00	Director	$13,520	$0	$13,520
Jesse Mease	Board Vice President	5.00	Director	$12,580	$0	$12,580
Brian Woods	Board President	3.00	Director	$12,445	$0	$12,445
Gary DeYoung	Director	4.00	Director	$12,400	$0	$12,400
Kyle Coltrinari	Board SecretaryTreasurer	3.00	Director	$12,150	$0	$12,150
Janie VanWinkle	Director	3.00	Director	$12,000	$0	$12,000
Joe Landini	Director	2.00	Director	$11,900	$0	$11,900
Joseph Burtard	Director	2.00	Director	$10,550	$0	$10,550
William F Rooks	Director	3.00	Director	$7,400	$0	$7,400
Lindsay Gray	Director	5.00	Director	$4,000	$0	$4,000

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	$38,402,344	$38,402,344	$92,716,775	No data
2023	$38,939,947	$38,939,947	$91,968,778	No data
2022	$36,935,764	$36,955,983	$90,946,555	$-20,219
2021	$34,734,443	$34,734,443	$88,238,396	No data
2020	$33,042,697	$33,042,697	$86,315,396	No data
2019	$32,013,400	$32,013,400	$85,383,691	No data

Grand Valley Rural Power Lines Inc