FARMERS ELECTRIC COOPERATIVE INC (EIN 420243365) - 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

1938

Legal Domicile

Principal Officer

HOLI WESTON

Phone

6417436146

Tax Period

2024-01-01 to 2024-12-31

FARMERS ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $15.6M in total revenue in fiscal year 2024.

Mission

TO PROVIDE OUR MEMBERS WITH A DEPENDABLE QUALITY AND QUANTITY OF ELECTRICAL ENERGY.

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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 $15,311,345

Investment Income $247,109

Other Revenue $40,648

TOTAL REVENUE $15,599,102

Expense Breakdown

Grants Paid $15,850

Salaries & Benefits $2,493,479

Fundraising Expenses $0

Other Expenses $11,044,566

TOTAL EXPENSES $15,394,960

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,599,102	$15,554,329	+0.0%
Expenses	$15,394,960	$15,352,378	+0.0%
Net Income	$204,142	$201,951	+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

$372,407

Total Directors

$78,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK EARHART	DIRECTOR UNTIL AUG/VICE PRESIDENT	5.60	Officer Director	$9,625	$0	$9,625
ROXANN RHOADS	TREASURER	5.70	Officer Director	$9,050	$0	$9,050
STEVE CHANDLER	VICE PRESIDENT UNTIL AUG/DIRECTOR	3.70	Officer Director	$5,425	$0	$5,425
DAN WESTPHAL	PRESIDENT	6.40	Officer Director	$9,350	$0	$9,350
KEVIN TANNER	SECRETARY	5.80	Officer Director	$9,575	$0	$9,575
KEVIN STENDER	DIRECTOR	5.60	Director	$8,225	$0	$8,225
CARY GILMAN	DIRECTOR	6.50	Director	$8,975	$0	$8,975
JANELLE PEIFFER	DIRECTOR	4.40	Director	$9,450	$0	$9,450
KRIS PETTER	DIRECTOR	6.40	Director	$9,100	$0	$9,100
LORI KINYON	CFO	40.00	Officer	$107,424	$35,122	$142,546
HOLI WESTON	CEO	40.00	Officer	$136,993	$49,843	$186,836
DAVID SHIKE	DIRECTOR OF OPERATIONS	40.00	Highest	$108,817	$20,601	$129,418
ROSS WRIGHT	LINEMAN FOREMAN	45.70	Highest	$107,682	$38,042	$145,724
JAMES KINTIGH	LINEMAN FOREMAN	43.10	Highest	$105,262	$57,720	$162,982
DARRIAN FISCHER	JOURNEYMAN LINEMAN	44.10	Highest	$102,432	$14,447	$116,879
CHAD BERREY	JOURNEYMAN LINEMAN	44.50	Highest	$102,375	$26,790	$129,165

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	$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

FARMERS ELECTRIC COOPERATIVE INC