Bedford Rural Electric Cooperative Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

16 people listed

BROOKS SHOEMAKER (GENERAL MANAGER & CEO): $304,957 total reported compensation
RYAN YOUNG (OPERATIONS & ENGINEERING M): $199,523 total reported compensation
BRENT KAUFFMAN (FINANCE & ACCOUNTING MANAG): $169,344 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Distribution of electricity to member/owners in rural areas of bedford county, pa on a cooperative basis.

Distribution of electricity to members/owners in rural areas of bedford county, pa on a cooperative basis.

Revenue model: Other-operating. 97% of the money available for current operations came from other operating revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 0%; rating input score 31; 31st percentile among comparable filings
Total-asset coverage ratio: 6.54; rating input score 88; 88th percentile among comparable filings
Liabilities to assets ratio: 0.48; rating input score 30; 30th percentile among comparable filings
Officer compensation ratio: 12.7%; rating input score 12; 12th percentile among comparable filings

Program expense growth: Limited
Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
Asset growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
Programs: 2 filed program accomplishments
Leadership: top reported pay $305K · 16 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 3 contractors listed · $4.2M reported
Consistency: 12 of 12 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 16 filed money-flow records
Related organizations: Filed and resolved organization relationships.
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Sustainability: Operating margin scored 31/100.
Review — Accountability: Governance controls: Document-retention policy not reported.
High — Sustainability: Officer compensation ratio scored 12/100.
Moderate — Sustainability: Liabilities to assets ratio scored 30/100.