SURPRISE VALLEY ELECTRIFICATION CORP

EIN: 940912124

ALTURAS, CA

Total Revenue
$18,051,921
Total Expenses
$18,058,709
Total Assets
$57,638,779
Net Assets
$35,226,053
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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
CA
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

Program Service Accomplishments

Program 1

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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
30
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
5
$576,306
Total Directors
7
$156,264
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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