WARREN ELECTRIC COOPERATIVE INC (EIN 250865701) - 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

MATTHEW FRANKLIN

Phone

8145637548

Tax Period

2024-01-01 to 2024-12-31

WARREN ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $12.4M in total revenue in fiscal year 2024. Expenses of $11.4M left a modest 8% surplus.

Mission

COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $11,635,600

Investment Income $-388,447

Other Revenue $1,156,000

TOTAL REVENUE $12,403,153

Expense Breakdown

Grants Paid $0

Salaries & Benefits $595,977

Fundraising Expenses $0

Other Expenses $10,813,867

TOTAL EXPENSES $11,417,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,403,153	$13,047,212	0.0%
Expenses	$11,417,539	$12,022,610	-0.1%
Net Income	$985,614	$1,024,602	0.0%

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

$557,831

Total Directors

$53,745

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES MARSHALL	CHAIRMAN	5.00	Officer Director	$4,335	$0	$4,335
EDGAR BURRIS	VICE CHAIRMAN	3.00	Officer Director	$7,220	$0	$7,220
NATHAN HARRINGTON	DIRECTOR	2.00	Director	$5,220	$0	$5,220
JEFFREY SEDON	TREASURER	2.00	Officer Director	$4,045	$0	$4,045
DENNIS JOHNSON	DIRECTOR	2.00	Director	$8,090	$0	$8,090
JOHN HAGBERG	DIRECTOR	2.00	Director	$4,045	$0	$4,045
LEE SITTERLEY	DIRECTOR	2.00	Director	$6,945	$0	$6,945
VICKI STEC	SECRETARY	2.00	Director	$6,045	$0	$6,045
KEN LARSON	DIRECTOR	2.00	Director	$7,800	$0	$7,800
TODD M McCLAIN	ADMINISTRATION MANAGER	40.00	Officer	$131,987	$54,943	$186,930
MATTHEW FRANKLIN	GENERAL MANAGER & CEO	40.00	Officer	$201,700	$62,898	$264,598
BRIAN WOOMER	CFO	40.00	Officer	$63,526	$27,177	$90,703

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
2024	$12,403,153	$11,417,539	$30,548,400	$985,614
2023	$13,047,212	$12,022,610	$28,527,170	$1,024,602
2022	$11,324,341	$10,634,695	$27,194,633	$689,646
2021	$10,468,215	$9,356,308	$26,381,433	$1,111,907
2020	$10,325,111	$9,653,945	$25,332,095	$671,166
2019	$10,058,924	$9,455,685	$24,429,948	$603,239
2018	$9,782,398	$9,013,023	$23,258,484	$769,375

WARREN ELECTRIC COOPERATIVE INC