DIXIE ESCALANTE RURAL ELECTRIC ASSOCIATION INC (EIN 870339348) - 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

1978

Legal Domicile

Principal Officer

CHERY HULET

Phone

4354395311

Tax Period

2023-01-01 to 2023-12-31

DIXIE ESCALANTE RURAL ELECTRIC ASSOCIATION INC, founded in 1978, is a mid-sized nonprofit that reported $56.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $50.7M left a modest 9% surplus.

Mission

SALE OF ELECTRICITY - NONPROFIT COOPERATIVE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,861,824

Investment Income $36,458

Other Revenue $79,265

TOTAL REVENUE $55,977,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,908,996

Fundraising Expenses $0

Other Expenses $36,825,441

TOTAL EXPENSES $50,734,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,977,547	$51,088,429	+0.1%
Expenses	$50,734,437	$49,075,110	+0.0%
Net Income	$5,243,110	$2,013,319	+1.6%

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

$894,018

Total Directors

$236,250

Key Employees

$912,187

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK ANDERSON	DIRECTOR	3.00	Director	$19,600	$442	$20,042
MICHAEL BROWN	DIRECTOR/CHAIRMAN	10.60	Director	$22,600	$442	$23,042
DELYLE CARLING	DIRECTOR	2.00	Director	$5,600	$199	$5,799
RICHARD PEETZ	DIRECTOR	5.00	Director	$21,700	$407	$22,107
SCOTT SCHILL	DIRECTOR	3.50	Director	$24,400	$442	$24,842
ROBYN SERAGE	SECRETARY/DIRECTOR	5.00	Director	$31,850	$442	$32,292
LANCE BROWN	DIRECTOR	3.00	Director	$22,300	$442	$22,742
JOHN REYES	DIRECTOR/VICE CHAIR	3.50	Director	$33,400	$442	$33,842
JEFF WATSON	DIRECTOR	3.00	Director	$22,500	$442	$22,942
ROBERT HANSEN	DIRECTOR	5.00	Director	$28,600	$0	$28,600
G LADEL LAUB	CEO, PRES.	50.00	Officer	$278,490	$86,435	$364,925
CHERY HULET	CFO	50.00	Officer	$192,649	$69,480	$262,129
COLIN JACK	COO	50.00	Officer	$221,382	$45,582	$266,964
VERNON BOSSHARDT	TECH SERVICE MNGR	50.00	Key Emp	$158,034	$63,724	$221,758
DUKE RANDALL	IT MANAGER	50.00	Key Emp	$170,907	$65,247	$236,154
ALAN SCOTT	OPERATIONS DEPT. HEAD	50.00	Key Emp	$181,069	$66,367	$247,436
TYLER BOWLER	LEAD JOURNEYMAN	50.00	Key Emp	$152,528	$54,311	$206,839
DAVID OLSEN	LINE SUPERINTENDENT	50.00	Highest	$146,765	$62,529	$209,294
JEFFREY BUCKWAY	AREA FOREMAN	50.00	Highest	$148,255	$55,549	$203,804
SHAD TERRY	AREA FOREMAN	50.00	Highest	$147,546	$54,944	$202,490
BRANDON CUMMINGS	AREA FOREMAN	50.00	Highest	$143,764	$57,190	$200,954
CHAD REYNOLDS	ENGINEERING TECH III	50.00	Highest	$144,870	$26,423	$171,293

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$55,977,547	$50,734,437	$208,345,613	$5,243,110
2022	$51,088,429	$49,075,110	$193,131,709	$2,013,319
2021	$52,285,597	$47,103,876	$171,660,221	$5,181,721
2020	$44,474,755	$40,918,793	$148,308,777	$3,555,962
2019	$40,581,302	$36,711,149	$135,998,166	$3,870,153
2018	$41,142,469	$34,870,928	$125,674,165	$6,271,541

DIXIE ESCALANTE RURAL ELECTRIC ASSOCIATION INC