OHIO MUNICIPAL ELECTRIC ASSOCIATION

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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

1962

Legal Domicile

Principal Officer

DREW DUNAGIN

Phone

6145401111

Tax Period

2023-01-01 to 2023-12-31

OHIO MUNICIPAL ELECTRIC ASSOCIATION, founded in 1962, is a small nonprofit that reported $767K in total revenue in fiscal year 2023. The organization ran a surplus of $229K, a strong 30% operating margin.

Mission

TO ADVANCE THE MUNICIPALLY OWNED ELECTRIC UTILITY INDUSTRY AND TO PROMOTE TECHNICAL DEVELOPMENT IN THE PRODUCTION, TRANSMISSION, DISTRIBUTION AND USE OF ENERGY.

Program Service Accomplishments

Program 1

Expenses: $379,782

TO ADVANCE THE MUNICIPALLY OWNED ELECTRIC UTILITY INDUSTRYAND TO PROMOTE TECHNICAL DEVELOPMENT IN THE PRODUCTION,TRANSMISSION, DISTRIBUTION AND USE OF ENERGY.

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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 $736,822

Investment Income $29,961

Other Revenue $0

TOTAL REVENUE $766,783

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $379,782

Other Expenses $537,603

TOTAL EXPENSES $537,603

Year-over-Year Comparison

	2023	2022	Change
Revenue	$766,783	$734,549	+0.0%
Expenses	$537,603	$593,590	-0.1%
Net Income	$229,180	$140,959	+0.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MAYOR JEFFREY HAZEL	DIRECTOR	Director	$0	$0	$0
MAYOR STEVE YAGELSKI	EXECUTIVE DIRECTOR	Director	$0	$0	$0
MAYOR ED KIDSTON	DIRECTOR	Director	$0	$0	$0
MAYOR ROBIN LAUBAUGH	PRESIDENT	Director	$0	$0	$0
MAYOR DON WALTERS	DIRECTOR	Director	$0	$0	$0
MAYOR CARRIE SCHLADE	EXECUTIVE DIRECTOR	Director	$0	$0	$0
COUNCILMAN KRISTIN PETERSON	DIRECTOR	Director	$0	$0	$0
MAYOR ROBERT DAY	DIRECTOR	Director	$0	$0	$0
COUNCILMAN MICHAEL RYAN	DIRECTOR	Director	$0	$0	$0
COUNCILMAN ROSS DURHAM	DIRECTOR	Director	$0	$0	$0
MICHAEL BEIRNE	DIRECTOR	Director	$0	$0	$0
MAYOR SHANE GUNNOE	DIRECTOR	Director	$0	$0	$0
COUNCILMAN WAYNE YORK	EX-OFFICIO	Director	$0	$0	$0
MAYOR MATTHEW PLYBON	DIRECTOR	Director	$0	$0	$0
MAYOR JOE HURLBURT	DIRECTOR	Director	$0	$0	$0
COUNCILMAN JOHN KESSLER	DIRECTOR	Director	$0	$0	$0
COUNCIL VICE CHAIR MEGAN REAM	DIRECTOR	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	$766,783	$537,603	$1,492,769	$229,180
2022	$734,549	$593,590	$1,228,683	$140,959
2021	$727,073	$530,183	$1,088,208	$196,890
2020	$739,526	$683,611	$885,358	$55,915
2019	$772,279	$819,688	$833,515	$-47,409
2018	$757,206	$592,229	$865,230	$164,977