WASHINGTON ELECTRIC COOPERATIVE INC (EIN 030165895) - 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

LOUIS PORTER

Phone

8022235245

Tax Period

2025-01-01 to 2025-12-31

WASHINGTON ELECTRIC COOPERATIVE INC, founded in 1939, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2025. Revenue surged 20% from the prior year, signaling strong growth momentum. Net assets of $28.8M represent 35 months of operating reserves.

Mission

TO PROVIDE RESIDENTIAL AND COMMERCIAL 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,459,567

Other Revenue $8,398,884

TOTAL REVENUE $9,858,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,010,109

Fundraising Expenses $0

Other Expenses $5,334,913

TOTAL EXPENSES $9,858,451

Year-over-Year Comparison

	2025	2024	Change
Revenue	$9,858,451	$8,182,204	+0.2%
Expenses	$9,858,451	$8,182,204	+0.2%
Net Income	$0	N/A	N/A

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

$212,180

Total Directors

$32,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TEIA GREENSLIT	DIR OF FINAN	42.00	Highest	$161,566	$149,899	$311,465
AMOS TURNER	CONSTRUCTION	44.00	Highest	$170,953	$51,001	$221,954
JASON SMITH	LINEWORKER	45.00	Highest	$167,357	$48,001	$215,358
JASON PRESTON	MAINTENANCE	45.00	Highest	$163,050	$50,813	$213,863
DAVE KRESOCK	DIR OF OPER	44.00	Highest	$175,006	$26,078	$201,084
LOUIS PORTER	GENERAL MANA	41.00	Officer	$171,304	$20,476	$191,780
DONALD DOUGLAS	TREASURER	26.00	Officer Director	$5,550	$0	$5,550
ELIZABETH ALLEN	SECTRETARY	3.00	Officer Director	$4,950	$0	$4,950
STEVE KNOWLTON	PRESIDENT	20.00	Officer Director	$4,950	$0	$4,950
MARY JUST SKINNER	VICE PRESIDE	10.00	Officer Director	$4,950	$0	$4,950
SUSAN ALEXANDER	DIRECTOR	4.00	Director	$4,200	$0	$4,200
BENJAMIN BARNES	DIRECTOR	2.00	Director	$2,775	$0	$2,775
OLIVIA CAMPBELL	DIRECTOR	2.00	Director	$1,800	$0	$1,800
JEAN HAMILTON	DIRECTOR	2.50	Director	$1,350	$0	$1,350
WILLIAM POWELL	DIRECTOR	10.00	Director	$1,350	$0	$1,350
STEVE FARNHAM	DIRECTOR	2.00	Director	$900	$0	$900

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	$9,858,451	$9,858,451	$70,265,419	No data
2024	$8,182,204	$8,182,204	$65,979,044	No data
2023	$7,858,542	$7,858,542	$65,549,921	No data
2022	$6,953,598	$6,953,598	$65,420,825	No data
2021	$7,723,306	$7,723,306	$65,071,467	No data
2020	$8,572,091	$8,572,091	$66,274,295	No data
2019	$7,384,179	$7,384,179	$64,942,858	No data
2018	$7,033,808	$7,033,808	$64,661,433	No data

WASHINGTON ELECTRIC COOPERATIVE INC