FARMERS ELECTRIC COOPERATIVE INC

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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

1938

Legal Domicile

Principal Officer

HOLI WESTON

Phone

6417436146

Tax Period

2025-01-01 to 2025-12-31

FARMERS ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2025.

Mission

FARMERS ELECTRIC COOPERATIVE, INC. EXISTS TO DELIVER SAFE, RELIABLE, AFFORDABLE ELECTRICITY AND OTHER SERVICES TO IMPROVE THE QUALITY OF LIFE WITHIN OUR COMMUNITIES.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 5,130 METERS AND ADDED 14.2 MILES OF LINE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,760,211

Investment Income $114,900

Other Revenue $-27,930

TOTAL REVENUE $15,847,181

Expense Breakdown

Grants Paid $5,404

Salaries & Benefits $2,531,929

Fundraising Expenses $0

Other Expenses $11,349,090

TOTAL EXPENSES $15,651,105

Year-over-Year Comparison

	2025	2024	Change
Revenue	$15,847,181	$15,599,102	+0.0%
Expenses	$15,651,105	$15,394,960	+0.0%
Net Income	$196,076	$204,142	0.0%

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

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

$400,540

Total Directors

$77,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL WESTPHAL	BOARD PRESIDENT	6.10	Officer Director	$9,150	$0	$9,150
MARK EARHART	VICE-PRESIDENT	5.90	Officer Director	$10,150	$0	$10,150
KEVIN TANNER	SECRETARY	5.00	Officer Director	$7,975	$0	$7,975
ROXANN RHOADS	TREASURER	5.90	Officer Director	$9,925	$0	$9,925
CARY GILMAN	DIRECTOR	5.90	Director	$8,225	$0	$8,225
JANELLE PEIFFER	DIRECTOR	4.80	Director	$8,925	$0	$8,925
KRIS PETTER	DIRECTOR	5.90	Director	$8,225	$0	$8,225
KEVIN STENDER	DIRECTOR	5.20	Director	$7,175	$0	$7,175
JOE TAYLOR	DIRECTOR (AS OF SEPT)	5.40	Director	$2,550	$0	$2,550
STEPHEN CHANDLER	DIRECTOR (UNTIL SEPT)	5.80	Director	$4,900	$0	$4,900
HOLI WESTON	CEO	40.00	Officer	$146,016	$63,415	$209,431
LORI KINYON	CFO	40.00	Officer	$112,839	$41,070	$153,909
DAVID SHIKE	DIRECTOR OF OPERATIONS	40.00	Highest	$113,920	$21,369	$135,289
JAMES KINTIGH	LINEMAN-FOREMAN	42.40	Highest	$108,382	$74,580	$182,962
DARRIAN FISCHER	JOURNEYMAN LINEMAN	44.10	Highest	$107,581	$15,511	$123,092
CHAD BERREY	JOURNEYMAN LINEMAN	44.50	Highest	$105,996	$29,414	$135,410
MASON WISSE	JOURNEYMAN LINEMAN	44.50	Highest	$104,953	$15,765	$120,718

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	$15,847,181	$15,651,105	$49,578,006	$196,076
2024	$15,599,102	$15,394,960	$47,959,932	$204,142
2023	$15,554,329	$15,352,378	$47,860,581	$201,951
2022	$15,232,605	$14,664,790	$47,835,770	$567,815
2021	$14,438,543	$14,306,678	$43,358,096	$131,865
2020	$14,409,009	$13,104,505	$44,017,181	$1,304,504
2019	$14,021,304	$13,556,373	$43,234,382	$464,931
2018	$14,158,779	$13,623,627	$42,478,853	$535,152