ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION (EIN 380895655) - 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

Principal Officer

DALLAS AHO

Phone

9068844151

Tax Period

2024-01-01 to 2024-12-31

ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION is a community nonprofit that reported $7.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 5% surplus.

Mission

TO PROVIDE SAFE, RELIABLE POWER TO THE RURAL AREAS OF HOUGHTON, ONTONAGON, KEWEENAW, BARAGA, AND GOGEBIC COUNTIES IN THE STATE OF MICHIGAN.

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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 $7,463,882

Investment Income $21,974

Other Revenue $204,077

TOTAL REVENUE $7,689,933

Expense Breakdown

Grants Paid $0

Salaries & Benefits $688,298

Fundraising Expenses $0

Other Expenses $6,627,834

TOTAL EXPENSES $7,316,132

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,689,933	$7,033,249	+0.1%
Expenses	$7,316,132	$6,890,309	+0.1%
Net Income	$373,801	$142,940	+1.6%

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

$112,729

Total Directors

$58,074

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KALEB PREISS	LEAD LINEMAN	44.00	Highest	$101,825	$31,876	$133,701
KELLY J CLARK	JOURNEYMAN L	44.00	Highest	$102,778	$29,985	$132,763
DAVID J BROWN	JOURNEYMAN L	44.00	Highest	$110,747	$21,920	$132,667
JUSTIN SIRONEN	OPERATIONS M	44.00	Highest	$106,841	$11,523	$118,364
DALLAS AHO	CEO/GENERAL	45.00	Officer	$94,877	$17,852	$112,729
WILLIAM HODGES	PRESIDENT	1.00	Director	$13,965	$0	$13,965
MIKE GAUNT	DIRECTOR	1.00	Director	$11,585	$0	$11,585
MILDRED ANN GASPERICH	SECRETARY	1.00	Director	$9,562	$0	$9,562
CALVIN KOSKI	VICE PRESIDE	1.00	Director	$9,093	$0	$9,093
RANDY MYHREN	TREASURER	1.00	Director	$5,710	$0	$5,710
JACK LEHTO	DIRECTOR	1.00	Director	$4,862	$0	$4,862
PAUL KOSKI JUL-	DIRECTOR	1.00	Director	$1,997	$0	$1,997
MICHAEL URBIS -MAR	DIRECTOR	1.00	Director	$1,300	$0	$1,300

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	$7,689,933	$7,316,132	$28,213,618	$373,801
2023	$6,922,847	$7,102,341	$27,776,174	$-179,494
2023	$7,033,249	$6,890,309	$28,114,492	$142,940
2022	$6,883,355	$6,791,201	$28,285,610	$92,154
2021	$6,999,493	$6,075,851	$28,081,428	$923,642
2020	$6,587,923	$5,963,665	$26,639,995	$624,258
2019	$6,567,342	$6,035,918	$23,666,272	$531,424
2018	$6,686,937	$5,914,407	$23,470,461	$772,530

ONTONAGON COUNTY RURAL ELECTRIFICATION ASSOCIATION