Utah Rural Electric Association (EIN 870402010) - 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

Phone

8016196550

Tax Period

2023-01-01 to 2023-12-31

Utah Rural Electric Association is a small nonprofit that reported $533K in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $88K, a strong 17% operating margin.

Mission

Education, Coordination - Utah Electric Coops

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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 $26,785

Program Service Revenue $475,093

Investment Income $13,128

Other Revenue $18,429

TOTAL REVENUE $533,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,821

Fundraising Expenses $0

Other Expenses $209,301

TOTAL EXPENSES $445,122

Year-over-Year Comparison

	2023	2022	Change
Revenue	$533,435	$612,441	-0.1%
Expenses	$445,122	$581,552	-0.2%
Net Income	$88,313	$30,889	+1.9%

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

$173,521

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Nathaniel Johnson	Executive Dir.	50.00	Officer	$173,521	$0	$173,521
David Crabtree	Director	2.00	Director	$0	$0	$0
Rick Hendrix	Director	2.00	Director	$0	$0	$0
Cindy Good	Director	2.00	Director	$0	$0	$0
Guy Timpson	Director	2.00	Director	$0	$0	$0
Bob Barry	Director	2.00	Director	$0	$0	$0
Greg Miles	Director	2.00	Director	$0	$0	$0
Chad Black	Director	2.00	Director	$0	$0	$0
Clark Anderson	Director	2.00	Director	$0	$0	$0
Robyn Serage	Director	2.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$533,435	$445,122	$802,276	$88,313
2022	$612,441	$581,552	$728,861	$30,889
2021	$454,101	$400,775	$546,466	$53,326
2020	$412,328	$357,339	$495,434	$54,989
2019	$452,969	$368,417	$440,510	$84,552
2018	$449,013	$342,851	$355,959	$106,162

Utah Rural Electric Association