PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE (EIN 940775035) - 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

ROBERT MARSHALL

Phone

5308324261

Tax Period

2024-01-01 to 2024-12-31

PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $36.0M in total revenue in fiscal year 2024. The organization ran a surplus of $7.1M, a strong 20% operating margin.

Mission

PROVIDE ELECTRICAL SERVICE TO 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 $34,511,471

Investment Income $1,325,430

Other Revenue $190,423

TOTAL REVENUE $36,027,324

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $1,198,584

Fundraising Expenses $0

Other Expenses $27,347,733

TOTAL EXPENSES $28,884,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,027,324	$34,421,157	+0.0%
Expenses	$28,884,147	$28,980,620	0.0%
Net Income	$7,143,177	$5,440,537	+0.3%

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

$1,151,114

Total Directors

$98,693

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM HAMMOND	DIRECTOR	12.00	Director	$14,515	$0	$14,515
LAWRENCE PRICE	DIRECTOR	4.00	Director	$12,939	$0	$12,939
FRED NELSON	PRESIDENT	6.00	Officer Director	$22,282	$0	$22,282
DAVE ROBERTI	VICE PRESIDENT	8.00	Officer Director	$9,840	$0	$9,840
DAVID HANSEN	SECRETARY/TREASURER	15.00	Officer Director	$19,101	$0	$19,101
NANCY MILLER	DIRECTOR	10.00	Director	$10,176	$0	$10,176
RICHARD SHORT	DIRECTOR	4.00	Director	$9,840	$0	$9,840
ROBERT W MARSHALL	CEO/GENERAL MANAGER	50.00	Officer	$463,387	$213,584	$676,971
WILLIAM NEWBERG	CFO	48.00	Officer	$275,687	$147,233	$422,920
JASON HARSTON	MANAGER OF ENGINEERING & O	53.00	Highest	$278,790	$149,274	$428,064
MITCHELL CARR	LINEWORKING FOREMAN	48.00	Highest	$215,266	$90,140	$305,406
BRYAN SHERMAN	COGEN PLANT OPERATOR	46.00	Highest	$213,069	$90,549	$303,618
STEPHEN GIBBARD	NETWORK ENGINEER	40.00	Highest	$202,459	$73,667	$276,126
G SCOTT WELCH	DISTRICT MANAGER	41.00	Highest	$201,793	$121,298	$323,091

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	$36,027,324	$28,884,147	$108,029,994	$7,143,177
2023	$34,421,157	$28,980,620	$106,805,496	$5,440,537
2022	$30,112,543	$37,082,958	$103,357,230	$-6,970,415
2021	$28,694,760	$28,023,866	$104,014,958	$670,894
2020	$29,228,418	$27,436,519	$104,709,223	$1,791,899
2019	$28,476,661	$26,404,987	$105,250,394	$2,071,674
2018	$27,155,521	$25,137,324	$102,329,970	$2,018,197

PLUMAS-SIERRA RURAL ELECTRIC COOPERATIVE