BENTON RURAL ELECTRIC ASSOCIATION (EIN 910143426) - 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

1937

Legal Domicile

Principal Officer

Ryan Redmond

Phone

5097862913

Tax Period

2024-01-01 to 2024-12-31

BENTON RURAL ELECTRIC ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $49.8M in total revenue in fiscal year 2024.

Mission

Distribution of Electricity to Rural Cooperative 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 $48,310,776

Investment Income $458,453

Other Revenue $999,754

TOTAL REVENUE $49,768,983

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,841,938

Fundraising Expenses $0

Program Expenses $0

Other Expenses $34,394,523

TOTAL EXPENSES $49,768,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,768,983	$46,580,456	+0.1%
Expenses	$49,768,983	$46,580,456	+0.1%
Net Income	$0	$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

$968,165

Total Directors

$69,709

Key Employees

$605,760

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan Redmond	Chief Executive Officer	50	Officer	$326,339	$63,602	$389,941
Troy Berglund	Deputy GM & VP of Member Experience	50	Key Emp	$252,999	$56,995	$309,994
Derek Miller	Engineering Manager	50	Highest	$242,892	$54,848	$297,740
Andrew Gould	COO/VP of Engineering	55.00	Key Emp	$247,529	$48,237	$295,766
Christopher Hill	Line Foreman	55	Highest	$247,503	$45,839	$293,342
Jeff Bastow	Information Technology Manager	40	Highest	$229,238	$54,355	$283,593
Steven Catlow	Vice President of Finance	40	Officer	$246,009	$30,096	$276,105
Justin Waldron	VP of Member Support/CFO	44	Officer	$215,562	$47,354	$262,916
Lori Cotsford	Accounting Manager/Controller	42.00	Highest	$203,021	$49,082	$252,103
Larry Hall	Line Foreman	48	Highest	$201,208	$46,227	$247,435
Michael Freepons	Vice President	3	Officer Director	$15,010	$281	$15,291
George Theodore Wallace	Trustee	4	Director	$10,070	$246	$10,316
Robert Evans	President	4	Officer Director	$9,690	$182	$9,872
Tim Grow	Trustee	10	Director	$7,125	$263	$7,388
Catherine Russell	Secretary/Treasurer	4	Officer Director	$7,170	$164	$7,334
Scott Fisher	Secretary/Treasurer	2	Officer Director	$6,460	$246	$6,706
Daniel Plung	Trustee	2	Director	$6,175	$246	$6,421
William Shibley	Trustee	2	Director	$3,420	$103	$3,523
Ron Johnson	Trustee	4.0	Director	$2,755	$103	$2,858

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	$49,768,983	$49,768,983	$114,171,170	No data
2023	$46,580,456	$46,580,456	$107,365,688	No data
2022	$46,298,877	$46,298,877	$99,959,679	No data
2021	$44,244,946	$44,244,946	$100,163,870	No data
2020	$42,455,053	$42,455,053	$94,989,091	No data

BENTON RURAL ELECTRIC ASSOCIATION