PAULDING PUTNAM ELECTRIC CO-OP INC

EIN: 344325955

PAULDING, OH

Total Revenue
$47,142,326
Total Expenses
$47,142,326
Total Assets
$124,568,771
Net Assets
$76,711,649
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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
RANDY PRICE
Phone
4193995015
Tax Period
2023-01-01 to 2023-12-31

PAULDING PUTNAM ELECTRIC CO-OP INC, founded in 1936, is a mid-sized nonprofit that reported $47.1M in total revenue in fiscal year 2023.

Mission

DISTRIBUTE ELECTRICITY SAFELY, RELIABLY AND AFFORDABLY TO OUR MEMBERS/CONSUMERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $44,802,489
Investment Income $2,189,623
Other Revenue $150,214
TOTAL REVENUE $47,142,326

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,365,059
Fundraising Expenses $0
Program Expenses $46,606,247
Other Expenses $40,438,221
TOTAL EXPENSES $47,142,326

Year-over-Year Comparison

2023 2022 Change
Revenue $47,142,326 $47,973,353 0.0%
Expenses $47,142,326 $47,973,353 0.0%
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
9
Independent Members
9
Employees
51
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
$268,012
Total Directors
9
$147,542
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE CARTER CEO 40.00
$281,290 $39,978 $321,268
RANDY PRICE CEO 40.00
Officer
$166,242 $43,948 $210,190
TIMOTHY BOWLEY OPERATIONS M 40.00
Highest
$134,642 $0 $134,642
ROB WEISENBURGER SYSTEM ENGIN 40.00
Highest
$126,952 $0 $126,952
DOUG JOHANNS SENIOR STAKI 40.00
Highest
$114,921 $0 $114,921
JOHN MCMASTER LINE SUPERVI 40.00
Highest
$113,306 $0 $113,306
ANDREW HERMILLER LINEMAN SUPE 40.00
Highest
$111,633 $0 $111,633
STEVEN MCMICHAEL CHAIRMAN 8.59
Officer Director
$20,710 $110 $20,820
JOSEPH KOHNEN VICE-CHAIRMA 7.77
Officer Director
$19,073 $110 $19,183
RONALD BLACK SECRETARY/TR 8.31
Officer Director
$17,725 $94 $17,819
JOHN M SAXTON TRUSTEE 7.71
Director
$16,875 $74 $16,949
ADAM SCHNIPKE TRUSTEE 7.23
Director
$16,675 $110 $16,785
TIMOTHY A DERCK TRUSTEE 6.22
Director
$16,358 $110 $16,468
BILL BECKMAN TRUSTEE 6.36
Director
$13,800 $110 $13,910
KEN W NIESE TRUSTEE 6.52
Director
$12,938 $110 $13,048
WILLIAM DOWLER TRUSTEE 4.79
Director
$12,450 $110 $12,560
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 No data No data No data No data
2023 $47,142,326 $47,142,326 $124,568,771 No data
2022 $47,973,353 $47,973,353 $120,578,805 No data
2021 $45,501,402 $45,501,402 $113,731,744 No data
2020 $42,502,146 $42,502,146 $108,257,797 No data
2019 $42,228,046 $42,228,046 $102,734,025 No data
2018 $44,208,154 $44,208,154 $98,715,815 No data
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