OTSEGO ELECTRIC COOPERATIVE INC

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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

1941

Legal Domicile

Principal Officer

TIMOTHY R JOHNSON

Phone

6072936622

Tax Period

2025-01-01 to 2025-12-31

OTSEGO ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $14.3M left a modest 3% surplus.

Mission

The Mission of Otsego Electric Cooperative, Inc. is working to improve the quality of life of our members and our communities. The Purpose of Otsego Electric Cooperative, Inc. is to provide cost competitive, safe and reliable energy and broadband solutions.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO 4,995 CUSTOMERS OVER 787 MILES OF DISTRIBUTION LINEElectric service was provided on a cooperative basis through the allocation of patronage capital to all customers...

PROVIDED ELECTRIC SERVICE TO 4,995 CUSTOMERS OVER 787 MILES OF DISTRIBUTION LINEElectric service was provided on a cooperative basis through the allocation of patronage capital to all customers purchasing electric service from the Cooperative during the year.

Program 2

PROVIDE HIGH SPEED INTERNET SERVICE ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL TO ALL MEMBER-PATRONS OF THE BROADBAND BUSINESS.PATRONAGE BASIS 2,979 MEMBERSNONPATRONAGE BASIS...

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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 $14,601,424

Investment Income $128,303

Other Revenue $0

TOTAL REVENUE $14,729,727

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,469,428

Fundraising Expenses $0

Other Expenses $9,795,137

TOTAL EXPENSES $14,272,803

Year-over-Year Comparison

	2025	2024	Change
Revenue	$14,729,727	$13,488,990	+0.1%
Expenses	$14,272,803	$13,054,917	+0.1%
Net Income	$456,924	$434,073	+0.1%

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

$480,998

Total Directors

$50,212

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY R JOHNSON	CEO/counsel	41.40	Officer	$216,325	$69,148	$285,473
KEVIN M ROTTINGEN	LINESUPERINTENDENT	38.70		$143,694	$98,779	$242,473
STEVEN SICKLER	CONSTRUCT FOREMAN	42.60		$127,580	$65,723	$193,303
JUSTIN MARCH	MAINTENANCE FOREMA	44.70		$143,202	$40,590	$183,792
BRIAN WELLMAN	1ST CLASS LINEMAN	44.50		$121,924	$48,884	$170,808
CODY ALLEN	DIRECTOR ACCT	45.10	Officer	$131,740	$34,098	$165,838
BRAD ALGER	1ST CLASS LINEMAN	44.10		$134,753	$19,145	$153,898
PATRICK HOOKER	Director	11.60	Director	$10,155	$0	$10,155
GARY POTTER	President	2.90	Officer Director	$8,922	$0	$8,922
EDWARD CLARKE	Treasurer	3.90	Officer Director	$8,355	$0	$8,355
CHARLES ARNOLD	Vice President	2.70	Officer Director	$6,355	$0	$6,355
STEVEN CHILD	Secretary	2.40	Officer Director	$6,055	$0	$6,055
FREDERICK BRAUN JR	DIRECTOR	2.60	Director	$5,315	$0	$5,315
AMY PARR	DIRECTOR	2.60	Director	$5,055	$0	$5,055

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	$14,729,727	$14,272,803	$55,868,391	$456,924
2024	$13,488,990	$13,054,917	$55,175,138	$434,073
2023	$13,104,160	$12,729,444	$54,918,689	$374,716
2022	$12,788,571	$12,234,440	$49,086,255	$554,131
2021	$10,412,060	$10,260,220	$49,068,805	$151,840
2020	$8,701,959	$8,351,365	$51,553,622	$350,594
2019	$9,342,111	$7,854,622	$41,742,094	$1,487,489
2018	$7,443,827	$7,118,938	$36,673,045	$324,889