NATIONAL GAS & OIL COOPERATIVE (EIN 314215215) - 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

1998

Legal Domicile

Phone

8002556815

Tax Period

2023-01-01 to 2023-12-31

NATIONAL GAS & OIL COOPERATIVE, founded in 1998, is a mid-sized nonprofit that reported $43.9M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $41.9M left a modest 5% surplus.

Mission

TO DISTRIBUTE AND TRANSPORT NATURAL GAS FOR AND TO OUR 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $43,452,204

Investment Income $37

Other Revenue $495,870

TOTAL REVENUE $43,948,111

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,178,421

Fundraising Expenses $0

Other Expenses $38,676,059

TOTAL EXPENSES $41,854,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,948,111	$53,771,324	-0.2%
Expenses	$41,854,480	$49,186,549	-0.1%
Net Income	$2,093,631	$4,584,775	-0.5%

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

$1,764,434

Total Directors

$183,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD WARE	PRESIDENT CEO	017.00	Officer	$404,620	$139,920	$544,540
DANIEL MCVEY	VP COO	024.00	Officer	$330,376	$140,815	$471,191
PAT MCGONAGLE	VP CFO	016.00	Officer	$311,710	$139,732	$451,442
CONNIE HOGUE	VP - HR SAFETY	018.00	Highest	$231,876	$86,572	$318,448
SCOTT STITTS	VP CIO	008.00	Highest	$204,092	$102,489	$306,581
JOE HIGDON	CONTROLLER	017.00	Highest	$198,779	$100,874	$299,653
JOSH FILLER	VP COO	N/A	Officer	$0	$84,793	$297,261
PATRICK MULLIGAN	GAS ENGINEERING MANAGER	034.00	Highest	$165,600	$77,356	$242,956
DON WHEELER	GAS OPERATIONS MANAGER	015.00	Highest	$0	$73,518	$237,545
NELSON SMITH	DIRECTOR	002.00	Director	$0	$0	$37,250
JOHN KLAUDER	DIRECTOR	001.00	Director	$0	$0	$23,750
BRAD PATTON	DIRECTOR	000.67	Director	$0	$0	$21,500
DUSTIN BUCKINGHAM	DIRECTOR	001.00	Director	$0	$0	$20,500
TOM GRAHAM	DIRECTOR	000.67	Director	$0	$0	$18,200
WAYNE ZOLLARS	DIRECTOR	000.67	Director	$0	$0	$17,750
DONALD HAWK	DIRECTOR	000.67	Director	$0	$0	$17,000
JOANNE LITTLE	DIRECTOR	000.67	Director	$0	$0	$17,000
MIKE PETIT	DIRECTOR	001.00	Director	$0	$0	$6,000
ROY VAN ATTA	DIRECTOR	000.17	Director	$0	$0	$5,000
TODD WARE	DIRECTOR	N/A	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$43,948,111	$41,854,480	$119,985,167	$2,093,631
2022	$53,771,324	$49,186,549	$117,645,102	$4,584,775
2021	$42,243,182	$38,429,094	$102,878,890	$3,814,088
2020	$36,077,367	$31,930,650	$95,562,475	$4,146,717
2019	$36,862,613	$34,955,224	$92,127,290	$1,907,389
2018	$39,012,012	$34,107,292	$85,307,508	$4,904,720

NATIONAL GAS & OIL COOPERATIVE