TRI-COUNTY ELECTRIC COOPERATIVE

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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

1937

Legal Domicile

Principal Officer

Christopher O'Neill

Phone

5176477554

Tax Period

2024-01-01 to 2024-12-31

TRI-COUNTY ELECTRIC COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $73.4M in total revenue in fiscal year 2024.

Mission

To provide our members and customers with energy comfort and communication solutions that will enhance their quality of life.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Revenues from sale of electric power to 27,221 meters. Added replaced 9.15 miles of line for a total of 3,430 miles of line.

Program 2

Expenses: $0 Revenue: $0

Revenues from sale of high speed internet to customers 10,413. Constructed 19 miles of fiber to provide high speed internet and phone service to our electric members and other non-member expansion...

Revenues from sale of high speed internet to customers 10,413. Constructed 19 miles of fiber to provide high speed internet and phone service to our electric members and other non-member expansion areas for a total of 2,122 miles of fiber.

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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 $62,767

Program Service Revenue $72,888,989

Investment Income $124,160

Other Revenue $302,496

TOTAL REVENUE $73,378,412

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,737,409

Fundraising Expenses $0

Program Expenses $0

Other Expenses $58,556,573

TOTAL EXPENSES $74,021,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,378,412	$67,971,587	+0.1%
Expenses	$74,021,908	$68,955,336	+0.1%
Net Income	$-643,496	$-983,749	-0.3%

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

116

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

$1,157,656

Total Directors

$135,163

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christopher O'Neill	President-CEO	39.11	Officer	$326,533	$111,410	$437,943
Patrick Simmer	COO	41.00	Officer	$174,883	$69,228	$244,111
Thomas Manting	CIO	41.23	Officer	$156,607	$107,441	$264,048
Samantha Campbell	CFO	41.56	Officer	$147,641	$13,086	$160,727
Jeremy Zuke	Lineman	52.46	Highest	$178,142	$40,594	$218,736
Brian Moore	Lineman	49.41	Highest	$163,989	$38,060	$202,049
Christopher Vallier	Lineman	46.49	Highest	$159,479	$53,478	$212,957
Richard Warchuck	Lineman	48.01	Highest	$158,067	$52,941	$211,008
Christian Jensen	Engineering Supervisor	45.00	Highest	$155,078	$91,915	$246,993
Luke Pohl	Chairman	10.82	Officer Director	$22,195	$0	$22,195
James Stebbins	Board Member	11.70	Director	$22,145	$0	$22,145
Shirley Sprague	Board Member	12.14	Director	$19,468	$0	$19,468
John Lord	Vice Chairman	10.41	Officer Director	$18,995	$0	$18,995
Theresa Sopocy	Board Member	9.68	Director	$18,050	$0	$18,050
Jake Borton Jr II	Board Member	6.26	Director	$16,475	$0	$16,475
Ed Oplinger - Jan - Aug	Secretary-Treasurer	2.26	Officer Director	$9,637	$0	$9,637
David Livermore Jr - Sept - Dec	Board Member	4.22	Director	$8,198	$0	$8,198

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	$73,378,412	$74,021,908	$244,298,896	$-643,496
2023	$67,971,587	$68,955,336	$236,676,088	$-983,749
2022	$67,642,226	$68,228,698	$223,184,167	$-586,472
2021	$61,432,429	$62,723,681	$193,902,809	$-1,291,252
2020	$55,156,556	$56,283,154	$168,577,443	$-1,126,598
2019	$51,720,249	$52,994,211	$149,313,985	$-1,273,962
2018	$51,245,926	$51,984,967	$134,024,562	$-739,041