NORTH WESTERN ELECTRIC COOPERATIVE INC (EIN 344317160) - 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

1936

Legal Domicile

Principal Officer

DARIN THORP

Phone

4196365051

Tax Period

2024-01-01 to 2024-12-31

NORTH WESTERN ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $20.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROVIDE ELECTRICITY TO APPROXIMATELY 5,262 RURAL MEMBER CUSTOMERS.

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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 $19,530,870

Investment Income $540,808

Other Revenue $99,203

TOTAL REVENUE $20,170,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,201,373

Fundraising Expenses $0

Other Expenses $17,112,627

TOTAL EXPENSES $20,170,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,170,881	$17,981,600	+0.1%
Expenses	$20,170,881	$17,981,600	+0.1%
Net Income	$0	N/A	N/A

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

$547,082

Total Directors

$604,657

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN THORP	PRESIDENT	45.00	Officer Director	$234,852	$81,388	$316,240
ANDREW OVERMAN	CHIEF FINANC	41.00	Officer Director	$128,817	$73,150	$201,967
BOBBY CARTER	DIRCTOR OF O	45.00	Highest	$110,570	$67,095	$177,665
BRADLEY PLUMMER	JOURNEYMAN L	49.00	Highest	$110,689	$56,889	$167,578
CHAD LIVENSPARGER	JOURNEYMAN L	43.50	Highest	$108,565	$56,607	$165,172
THOMAS CLARK	CREW CHIEF	48.80	Highest	$103,989	$60,384	$164,373
KIM SHOUP	CHAIRMAN	4.50	Officer Director	$15,050	$0	$15,050
MITCH HEADLEY	SECRETARY	3.00	Director	$14,725	$0	$14,725
KEITH STARK	TRUSTEE	3.50	Director	$14,000	$0	$14,000
RYAN WEHRI	VICE-CHAIRMA	2.50	Officer Director	$13,825	$0	$13,825
CHRIS OBERLIN	TRUSTEE	3.50	Director	$12,850	$0	$12,850
RICHARD POLTER	TRUSTEE	3.00	Director	$11,000	$0	$11,000
JORDAN RUFFER	TRUSTEE	1.00	Director	$5,000	$0	$5,000

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	$20,170,881	$20,170,881	$46,475,249	No data
2023	$17,981,600	$17,981,600	$45,012,147	No data
2022	$17,903,212	$17,903,212	$42,606,185	No data
2021	$17,328,777	$17,328,777	$40,775,268	No data
2020	$16,179,777	$16,179,777	$39,713,846	No data
2019	$15,748,287	$15,748,287	$37,698,435	No data
2018	$16,514,737	$16,514,737	$36,290,054	No data

NORTH WESTERN ELECTRIC COOPERATIVE INC