SURPRISE VALLEY ELECTRIFICATION CORP (EIN 940912124) - 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

BRADLEY KRESGE

Phone

5302333511

Tax Period

2024-01-01 to 2024-12-31

SURPRISE VALLEY ELECTRIFICATION CORP, founded in 1937, is a mid-sized nonprofit that reported $18.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

PROVIDE ELECTRIC UTILITY SERVICES TO CONSUMERS (MEMBERS) IN OUR SERVICE AREA

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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 $17,935,952

Investment Income $49,048

Other Revenue $66,921

TOTAL REVENUE $18,051,921

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,079,156

Fundraising Expenses $0

Other Expenses $10,284,802

TOTAL EXPENSES $18,058,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,051,921	$14,520,054	+0.2%
Expenses	$18,058,709	$14,522,001	+0.2%
Net Income	$-6,788	$-1,947	+2.5%

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

$576,306

Total Directors

$156,264

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRADLEY A KRESGE	GENERAL MANAGER	40.31	Officer	$244,353	$90,120	$334,473
Dennis Reed	OPS MGR/LINE SUPER	40.31		$161,243	$74,236	$235,479
JOHN MINTO	Engineer	40.31		$145,861	$63,967	$209,828
Matthew Eversole	Line Foreman	41.67		$142,044	$57,477	$199,521
BO DAVIS	WORKING FOREMAN	42.32		$140,970	$55,777	$196,747
ANTHONY SILVA	WORKING FOREMAN	42.29		$141,273	$41,379	$182,652
JOSEPH JOHNSON	Controller	40.31	Officer	$132,465	$40,788	$173,253
RAYMOND J CLOUD	SECRETARY	1.60	Officer Director	$25,108	$0	$25,108
CRAIG W JOINER	Director	1.60	Director	$22,111	$0	$22,111
KYLE WEBER	Director	1.60	Director	$22,111	$0	$22,111
WESLEY COOK	Director	1.60	Director	$22,042	$0	$22,042
DENNIS J FLYNN	BOARD PRESIDENT	1.60	Officer Director	$21,811	$0	$21,811
SCOTT WARNER	Vice President	1.60	Officer Director	$21,661	$0	$21,661
JOHN A ERQUIAGA	Director	1.60	Director	$21,420	$0	$21,420

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	$18,051,921	$18,058,709	$57,638,779	$-6,788
2023	$14,520,054	$14,522,001	$56,423,208	$-1,947
2022	$14,915,357	$14,911,336	$56,274,847	$4,021
2021	$15,431,863	$15,445,681	$56,558,515	$-13,818
2020	$15,543,150	$14,831,852	$55,857,362	$711,298
2019	$12,489,385	$12,711,424	$51,735,873	$-222,039
2018	$12,933,662	$12,832,734	$50,049,187	$100,928

SURPRISE VALLEY ELECTRIFICATION CORP