WABASH VALLEY POWER ASSOCIATION INC (EIN 351274565) - 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

1963

Legal Domicile

Principal Officer

JEFFREY A CONRAD

Phone

3174812800

Tax Period

2024-01-01 to 2024-12-31

WABASH VALLEY POWER ASSOCIATION INC, founded in 1963, is a major nonprofit that reported $805.6M in total revenue in fiscal year 2024. Expenses of $771.6M left a modest 4% surplus.

Mission

WABASH VALLEY POWER ASSOCIATION, INC. IS AN ELECTRIC GENERATION AND TRANSMISSION COOPERATIVE WHICH EXISTS TO MEET THE COLLECTIVE NEEDS OF OUR MEMBER-OWNERS AND PROVIDE RELIABLE, STABLE, AND RESPONSIBLE ENERGY SOLUTIONS.

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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 $799,500,402

Investment Income $6,121,107

Other Revenue $10,382

TOTAL REVENUE $805,631,891

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,847,509

Fundraising Expenses $0

Other Expenses $758,759,062

TOTAL EXPENSES $771,606,571

Year-over-Year Comparison

	2024	2023	Change
Revenue	$805,631,891	$787,663,308	+0.0%
Expenses	$771,606,571	$757,738,717	+0.0%
Net Income	$34,025,320	$29,924,591	+0.1%

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

125

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

$1,364,507

Total Directors

$386,675

Key Employees

$1,538,388

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BURTON	DIRECTOR/CHAIRMAN	6.00	Officer Director	$33,575	$0	$33,575
DOUGLAS H BURNWORTH	DIRECTOR/SECRETARY & TREASURER	7.00	Officer Director	$30,900	$0	$30,900
KENNETH D DENTON	DIRECTOR	6.00	Director	$26,950	$0	$26,950
BART NESIUS	DIRECTOR/VICE CHAIRMAN	4.00	Officer Director	$25,100	$0	$25,100
TINA DAVIS	DIRECTOR	3.00	Director	$21,550	$0	$21,550
DAVID JANNEY	DIRECTOR	6.00	Director	$21,250	$0	$21,250
PHILIP M HAYES	DIRECTOR	3.00	Director	$19,150	$0	$19,150
SHANE RASLER	DIRECTOR	5.00	Director	$19,050	$0	$19,050
NOEL KENDALL	DIRECTOR	3.00	Director	$17,150	$0	$17,150
ANTHONY FLEMING	DIRECTOR	3.00	Director	$16,700	$0	$16,700
FRANK KOBILSEK	DIRECTOR	5.00	Director	$16,450	$0	$16,450
ALAN SCHLAGENHAUF	DIRECTOR	4.00	Director	$15,350	$0	$15,350
LARRY JACK	DIRECTOR	6.00	Director	$15,350	$0	$15,350
CHARLES HUEBENER	DIRECTOR	4.00	Director	$14,750	$0	$14,750
RICK RISLEY	DIRECTOR	3.00	Director	$14,400	$0	$14,400
JON RETTINGER	DIRECTOR	4.00	Director	$13,500	$0	$13,500
MATT HESSION	DIRECTOR	3.00	Director	$12,500	$0	$12,500
JIM SAVAGE	DIRECTOR	2.00	Director	$10,500	$0	$10,500
JEFFREY W CLEM	DIRECTOR (BEG 1/24)	2.00	Director	$10,500	$0	$10,500
CLAYTON DANIEL GARD JR	DIRECTOR	1.00	Director	$10,000	$0	$10,000
RODNEY SCHERER	DIRECTOR	2.00	Director	$8,850	$0	$8,850
KEVIN COX	DIRECTOR	1.00	Director	$8,550	$0	$8,550
KIRK ALTER	DIRECTOR	1.00	Director	$4,600	$0	$4,600
MICHAEL P CONNER	DIRECTOR (THRU 1/24)	2.00	Director	$0	$0	$0
JEFF CONRAD	PRESIDENT AND CEO	40.00	Officer	$777,791	$114,263	$892,054
THERESA YOUNG	COO	40.00	Officer	$348,232	$34,646	$382,878
MATTHEW MOORE	EXEC. VP, POWER SUPPLY	40.00	Key Emp	$340,473	$40,639	$381,112
CURTIS TAYLOR	EXEC. VP, TECHNOLOGY SERVICES	40.00	Key Emp	$306,700	$34,257	$340,957
JEFF HUME	VP, STRAT. ELEC. & MEM. RELATIONS	40.00	Key Emp	$305,577	$33,612	$339,189
VICKI GARDNER	VP, MARKETING, COMM., & ADVOCACY	40.00	Key Emp	$201,518	$37,824	$239,342
ALBERT TAYLOR	VP, GENERATION	40.00	Key Emp	$219,624	$18,164	$237,788
RICHARD MULLEN	DIRECTOR, FIELD OPERATIONS	40.00	Highest	$218,355	$35,869	$254,224
SPENCER HOUSE	DIRECTOR OF SYSTEM OPERATIONS	40.00	Highest	$200,242	$40,237	$240,479
JOAN SOLLER	DIRECTOR, RISK MGMT. & REG. AFFAIRS	40.00	Highest	$188,043	$34,435	$222,478
CHRIS DANIELS	EXEC. DIRECTOR OF ENGINEERING	40.00	Highest	$184,633	$37,396	$222,029
NISHA HARKE	SR. MGR., FINANCE & LENDER RELATIONS	40.00	Highest	$173,703	$38,238	$211,941

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	$805,631,891	$771,606,571	$1,704,142,884	$34,025,320
2023	$787,663,308	$757,738,717	$1,562,139,754	$29,924,591
2022	$934,723,597	$921,887,386	$1,598,590,270	$12,836,211
2021	$757,452,533	$744,529,833	$1,308,025,251	$12,922,700
2020	$650,313,792	$625,516,927	$1,279,835,445	$24,796,865
2019	$652,241,183	$627,103,632	$1,214,149,700	$25,137,551
2018	$661,271,025	$634,050,670	$1,186,012,334	$27,220,355

WABASH VALLEY POWER ASSOCIATION INC