PIKETON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OVEC-IKEC RETIREE LIFE INSURANCE TRUST, founded in 2004, is a small nonprofit in the Mutual Benefit sector that reported $862K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 66% operating deficit.
THE PRIMARY PURPOSE OF THE TRUST IS TO RECEIVE AND HOLD PAYMENTS FOR THE PROVISION OF LIFE INSURANCE BENEFITS UNDER THE PLAN(S) ESTABLISHED FOR CURRENT AND FUTURE RETIREES OF THE OHIO VALLEY ELECTRIC CORPORATION AND INDIANA-KENTUCKY ELECTRIC CORPORATION.
THE TRUST CONTINUES TO HOLD INVEST, REINVEST IT ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE LIFE INSURANCE BENEFITS FOR CURRENT AND RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF OHIO...
THE TRUST CONTINUES TO HOLD INVEST, REINVEST IT ASSETS TO ACCUMULATE AMOUNTS THAT WILL BE USED TO PROVIDE LIFE INSURANCE BENEFITS FOR CURRENT AND RETIRED EMPLOYEES (AND THEIR DEPENDENTS) OF OHIO VALLEY ELECTRIC CORP AND INDIANA-KENTUCKY ELECTRIC CORP.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $861,711 | $956,171 | -0.1% |
| Expenses | $1,433,772 | $1,508,568 | 0.0% |
| Net Income | $-572,061 | $-552,397 | +0.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JUSTIN J COOPER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PHILLIP S MCALLISTER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TINA I COLLINS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM A HART | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KASSANDRA K MARTIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DAVID C RENKOPF | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| N/A | TRUSTEE | 2.00 |
|
$5,082 | $0 | $5,082 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $861,711 | $1,433,772 | $18,268,082 | $-572,061 |
| 2023 | $956,171 | $1,508,568 | $18,840,143 | $-552,397 |
| 2022 | $792,310 | $907,557 | $19,610,584 | $-115,247 |
| 2021 | $1,523,199 | $904,086 | $19,725,831 | $619,113 |
| 2020 | $1,255,490 | $883,950 | $19,106,718 | $371,540 |
Compare OVEC-IKEC RETIREE LIFE INSURANCE TRUST with other nonprofits in Ohio and across the country.