TRICOUNTY RURAL ELECTRIC COOPERATI… - Form 990 Financial Data

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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

BRETT PERKINS

Phone

4192567900

Tax Period

2023-01-01 to 2023-12-31

TRICOUNTY RURAL ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2023. Expenses of $10.9M left a modest 3% surplus.

Mission

SALE OF ELECTRICITY TO MEMBERS

Program Service Accomplishments

Program 1

SALE AND DISTRIBUTION OF ELECTRIC POWER TO RURAL AREAS OF FIVE COUNTIES IN NORTHWEST OHIO. THE NUMBER OF CONSUMERS SERVED AVERAGED 4,459 IN 2023. THE TOTAL SALE OF ENERGY WAS 70,837,489 KILOWATT...

SALE AND DISTRIBUTION OF ELECTRIC POWER TO RURAL AREAS OF FIVE COUNTIES IN NORTHWEST OHIO. THE NUMBER OF CONSUMERS SERVED AVERAGED 4,459 IN 2023. THE TOTAL SALE OF ENERGY WAS 70,837,489 KILOWATT HOURS. MAINTENANCE OF 625 MILES OF DISTRIBUTION 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $10,794,526

Investment Income $13,947

Other Revenue $414,570

TOTAL REVENUE $11,223,043

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,579,738

Fundraising Expenses $0

Other Expenses $8,507,494

TOTAL EXPENSES $10,880,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,223,043	$10,971,285	+0.0%
Expenses	$10,880,719	$10,967,238	0.0%
Net Income	$342,324	$4,047	+83.6%

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

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

$325,773

Total Directors

$27,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRETT PERKINS	GENERAL MANA	40.00	Officer	$232,240	$80,893	$313,133
SUE BOCKELMAN	OFFICE MANAG	40.00	Highest	$129,906	$52,888	$182,794
CRAIG WILSON	OPERATIONS M	40.00	Highest	$109,078	$51,124	$160,202
MARVIN GREEN	PRESIDENT -	3.00	Officer Director	$4,560	$0	$4,560
KENNETH BRUBAKER	SEC/TREAS -	2.00	Officer Director	$2,800	$0	$2,800
BRADLEY HAUPRICHT	VICE PRESIDE	2.00	Officer Director	$5,280	$0	$5,280
DAVID CLAPP	ASST SECRETA	3.00	Director	$4,310	$0	$4,310
KENNETH MAAG	ASST. SECY/T	2.00	Director	$3,550	$0	$3,550
LEN MEYER	TRUSTEE	2.00	Director	$3,300	$0	$3,300
TED GUELDE	TRUSTEE	2.00	Director	$1,050	$0	$1,050
JAMES WEBER	TRUSTEE	2.00	Director	$2,800	$0	$2,800
JASON WARNIMONT	LINEMAN	43.00	Highest	$113,117	$52,608	$165,725
BRIAN BICK	LINEMAN	43.00	Highest	$108,464	$48,359	$156,823
CHANNING SCHMITZ	LINEMAN	43.00	Highest	$101,828	$30,710	$132,538

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	$11,223,043	$10,880,719	$22,691,818	$342,324
2022	$10,971,285	$10,967,238	$22,269,466	$4,047
2021	$10,278,712	$10,307,587	$22,403,327	$-28,875
2020	$10,246,029	$9,469,167	$19,738,300	$776,862

TRICOUNTY RURAL ELECTRIC COOPERATIVE INC