NORTH WESTERN ELECTRIC COOPERATIVE INC

EIN: 344317160

BRYAN, OH

Total Revenue
$20,170,881
Total Expenses
$20,170,881
Total Assets
$46,475,249
Net Assets
$21,186,684
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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
OH
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.

Program Service Accomplishments

Program 1

DISTRIBUTION OF ELECTRICAL ENERGY TO APPOXIMATELY 5,262 CONSUMERS AND THE MAINTENANCE OF 1,080 PLUS MILES OF OVERHEAD AND UNDERGROUND DISTRIBUTION AND TRANSMISSION LINES.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
21
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
4
$547,082
Total Directors
9
$604,657
Key Employees
0
$0
Highest Compensated
4
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
2025 No data No data No data No data
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
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