WAYNE-WHITE COUNTIES ELECTRIC COOPERATIVE INC (EIN 370574965) - 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

CHRIS HOPFINGER

Phone

6188422196

Tax Period

2024-01-01 to 2024-12-31

WAYNE-WHITE COUNTIES ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $52.0M in total revenue in fiscal year 2024. Expenses of $47.4M left a modest 9% surplus.

Mission

THE COOPERATIVE IS DEDICATED TO SERVING ITS MEMBER-OWNERS BY PROVIDING EXCELLENT ELECTRIC SERVICES, SUPERIOR CUSTOMER SERVICE, AND OTHER SERVICES THAT IMPROVE THEIR QUALITY OF LIFE, AT FAIR AND AFFORDABLE PRICES.

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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 $49,454,274

Investment Income $338,171

Other Revenue $2,175,699

TOTAL REVENUE $51,968,144

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,992,555

Fundraising Expenses $0

Program Expenses $47,365,143

Other Expenses $45,372,588

TOTAL EXPENSES $47,365,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,968,144	$50,033,585	+0.0%
Expenses	$47,365,143	$45,690,130	+0.0%
Net Income	$4,603,001	$4,343,455	+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

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

$515,341

Total Directors

$31,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BECKER	DIRECTOR	1.12	Director	$2,500	$0	$2,500
RICHARD RUBENACKER	TREASURER	1.25	Officer Director	$2,250	$0	$2,250
KEN LAMONT	CHAIRMAN	1.98	Officer Director	$3,000	$0	$3,000
ANDY GLOVER	SECRETARY	4.03	Officer Director	$5,500	$0	$5,500
BRYAN WILLIAMS	DIRECTOR	2.74	Director	$4,200	$0	$4,200
NOEL EDMISON	VICE CHAIRMAN	2.78	Officer Director	$5,250	$0	$5,250
DALE HARRIS	DIRECTOR	2.08	Director	$4,250	$0	$4,250
LARRY HOSSELTON	DIRECTOR	2.69	Director	$3,200	$0	$3,200
DAVID HUNSINGER	DIRECTOR	1.24	Director	$1,800	$0	$1,800
CHRISTOPHER HOPFINGER	CEO	45.00	Officer	$198,943	$100,914	$299,857
BRITT SHEPHERD	CFO	50.00	Officer	$122,520	$76,964	$199,484
NATHAN COSTON	LINEMAN	50.01	Highest	$169,862	$74,370	$244,232
DAVID VAUGHAN	LINEMAN	47.18	Highest	$155,888	$74,370	$230,258
CODY RICHARDS	LINEMAN	49.06	Highest	$168,669	$74,370	$243,039
TRAVIS SCHILLING	LINEMAN	47.93	Highest	$157,645	$72,798	$230,443
TODD ROBERTSON	LINEMAN	46.30	Highest	$153,131	$74,370	$227,501

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	$51,968,144	$47,365,143	$125,643,064	$4,603,001
2023	$50,033,585	$45,690,130	$122,759,145	$4,343,455
2022	$47,895,161	$43,745,152	$117,874,701	$4,150,009
2021	$44,850,282	$38,029,306	$112,553,060	$6,820,976
2020	$40,589,109	$36,538,295	$108,372,008	$4,050,814
2019	$45,434,530	$39,579,286	$103,493,863	$5,855,244
2018	$47,177,061	$41,245,654	$100,240,723	$5,931,407

WAYNE-WHITE COUNTIES ELECTRIC COOPERATIVE INC