Columbia Rural Electric Association (EIN 910182816) - 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

1939

Legal Domicile

Principal Officer

Greg Knowles

Phone

5095264041

Tax Period

2024-01-01 to 2024-12-31

Columbia Rural Electric Association, founded in 1939, is a mid-sized nonprofit that reported $39.5M in total revenue in fiscal year 2024.

Mission

Provide electric service

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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 $36,750,739

Investment Income $1,173,715

Other Revenue $1,538,999

TOTAL REVENUE $39,463,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,129,481

Fundraising Expenses $0

Other Expenses $25,073,789

TOTAL EXPENSES $38,858,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,463,453	$37,725,658	+0.0%
Expenses	$38,858,140	$36,452,454	+0.1%
Net Income	$605,313	$1,273,204	-0.5%

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

$820,142

Total Directors

$98,459

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Scott Peters	CEO	45.00	Officer	$342,308	$135,120	$477,428
Jeffrey Murphy	Mgr of Ops/Eng	42.00		$239,356	$108,512	$347,868
James Cooper	CFO	45.00	Officer	$218,956	$89,935	$308,891
Gene Dawes	Mgr of Internet	49.00		$193,786	$78,550	$272,336
Brendan Johnson	Mgr of IT/MSR's	49.00		$199,428	$70,728	$270,156
Brian Bishop	Line Foreman	45.00		$183,939	$85,173	$269,112
Jason Gimmell	Line Foreman	45.00		$185,560	$82,209	$267,769
Patrick Dennis	Director	2.00	Director	$17,657	$0	$17,657
Dennis Munden	Director	2.00	Director	$15,212	$0	$15,212
Neil Carpenter	President	4.00	Officer Director	$12,442	$0	$12,442
Doug Logan	Vice President	4.00	Officer Director	$12,115	$0	$12,115
Philip Mehlenbacher	Director	2.00	Director	$11,521	$0	$11,521
Jay DeWitt	Secretary/Treas	4.00	Officer Director	$9,266	$0	$9,266
Kathleen Wooldridge	Director	2.00	Director	$7,592	$0	$7,592
Greg Knowles	Director	2.00	Director	$6,347	$0	$6,347
Glen Shipley	Director	2.00	Director	$6,307	$0	$6,307

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
2024	$39,463,453	$38,858,140	$126,052,773	$605,313
2023	$37,725,658	$36,452,454	$120,192,904	$1,273,204
2022	$36,056,492	$34,947,186	$111,779,241	$1,109,306
2021	$36,917,429	$35,783,382	$105,545,364	$1,134,047
2020	$35,129,491	$33,892,005	$101,221,956	$1,237,486
2019	$32,979,461	$31,870,871	$99,323,818	$1,108,590
2018	$31,351,491	$30,601,299	$98,560,347	$750,192

Columbia Rural Electric Association