NOPEC INC (EIN 261476549) - 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

2007

Legal Domicile

Principal Officer

CHARLES KEIPER

Phone

4402481992

Tax Period

2024-01-01 to 2024-12-31

NOPEC INC, founded in 2007, is a community nonprofit in the Public & Societal Benefit sector that reported $5.7M in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $6.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

PROCURING ELECTRICITY AND NATURAL GAS AND RELATED PRODUCTS AND SERVICES FOR SALE TO ELECTRIC AND NATURAL GAS CUSTOMERS IN THOSE POLITICAL SUBDIVISIONS THAT ARE MEMBERS OF NORTHEAST OHIO PUBLIC ENERGY COUNCIL.

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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 $5,054,500

Program Service Revenue $19,024

Investment Income $632,896

Other Revenue $0

TOTAL REVENUE $5,706,420

Expense Breakdown

Grants Paid $4,708,223

Salaries & Benefits $54,000

Fundraising Expenses $0

Program Expenses $5,068,991

Other Expenses $1,550,188

TOTAL EXPENSES $6,312,411

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,706,420	$11,761,921	-0.5%
Expenses	$6,312,411	$6,910,539	-0.1%
Net Income	$-605,991	$4,851,382	-1.1%

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

N/A

Employees

N/A

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

$352,491

Total Directors

$20,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SCHRIBER	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
JAN TULLEY	BOARD MEMBER	1.00	Director	$10,000	$0	$10,000
THOMAS CHEMA	CHAIR	2.00	Officer	$14,000	$0	$14,000
LEIGH HERINGTON	SECRETARY	2.00	Officer	$10,000	$0	$10,000
CHARLES KEIPER	PRESIDENT	6.00	Officer	$10,000	$52,829	$328,491

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	$5,706,420	$6,312,411	$15,137,921	$-605,991
2023	$11,761,921	$6,910,539	$15,971,972	$4,851,382
2022	$7,719,618	$6,265,857	$13,321,289	$1,453,761
2021	$6,230,959	$6,020,483	$11,848,417	$210,476
2020	$8,976,465	$7,503,489	$10,730,410	$1,472,976
2019	$6,767,365	$7,493,020	$8,566,124	$-725,655
2018	$7,344,150	$6,423,216	$6,109,751	$920,934

NOPEC INC