HOWELL OREGON ELECTRIC COOPERATIVE INC (EIN 440290777) - 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

1939

Legal Domicile

Principal Officer

DENNIS WALTON

Phone

4172562131

Tax Period

2024-01-01 to 2024-12-31

HOWELL OREGON ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $26.1M in total revenue in fiscal year 2024.

Mission

TO BE A LEADER IN DELIVERING COST EFFICIENT RELIABLE ENERGY WITH VALUE-ADDED SERVICE TO ITS MEMBER-OWNERS.

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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 $1,386,479

Investment Income $765,321

Other Revenue $23,970,372

TOTAL REVENUE $26,122,172

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,608,759

Fundraising Expenses $0

Program Expenses $26,122,172

Other Expenses $14,441,038

TOTAL EXPENSES $26,122,172

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,122,172	$27,224,158	0.0%
Expenses	$26,122,172	$24,924,158	+0.0%
Net Income	$0	$2,300,000	-1.0%

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

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

$873,378

Total Directors

$86,000

Key Employees

$278,812

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY PACE	DIRECTOR	4.29	Director	$7,600	$0	$7,600
DENNIS WALTON	SECRETARY-TREASURER	5.12	Officer Director	$8,400	$0	$8,400
BRANDON HUFFMAN	DIRECTOR	4.62	Director	$6,000	$0	$6,000
SCOTT MAHAN	DIRECTOR	3.71	Director	$6,000	$0	$6,000
JOHN PLUMMER	DIRECTOR	3.54	Director	$4,800	$0	$4,800
GAREL MONTGOMERY	ASSISTANT SECRETARY-TREASU	3.77	Officer Director	$5,600	$0	$5,600
KEITH THARP	PRESIDENT	5.33	Officer Director	$10,800	$0	$10,800
JIM LAWRENCE	DIRECTOR	4.08	Director	$6,000	$0	$6,000
CLINTON REEVES	DIRECTOR	4.71	Director	$7,600	$0	$7,600
JOSH ROBERTS	DIRECTOR	3.46	Director	$4,800	$0	$4,800
GLEN JOHNSON	VICE PRESIDENT	4.79	Officer Director	$7,200	$0	$7,200
DARRIN MCLAIN	DIRECTOR	5.32	Director	$11,200	$0	$11,200
DAN SINGLETARY	CHIEF EXECUTIVE OFFICER	47.09	Officer	$358,721	$149,092	$554,713
TRACY BROWER	CHIEF FINANCIAL OFFICER	39.58	Officer	$157,501	$129,164	$286,665
TROY HOGSETT	MANAGER OF ENGINEERING	40.13	Key Emp	$164,908	$113,904	$278,812
BENNIE PERKINS	LINEMAN	45.07	Highest	$124,850	$70,876	$195,726
CARL GIVENS	FOREMAN	45.69	Highest	$125,383	$76,195	$201,578
SCOTT WARD	MANAGER OF OPERATIONS	43.66	Highest	$145,147	$69,264	$214,411
JUSTIN WILSON	FOREMAN	47.63	Highest	$129,026	$44,119	$173,145
RYAN DANIEL	LINEMAN	48.42	Highest	$120,757	$32,329	$153,086

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	$26,122,172	$26,122,172	$157,520,593	No data
2023	$27,224,158	$24,924,158	$148,436,575	$2,300,000
2022	$23,384,060	$25,384,060	$152,806,681	$-2,000,000
2021	$22,352,392	$24,652,392	$137,805,164	$-2,300,000
2020	$22,340,925	$23,540,925	$133,721,644	$-1,200,000
2019	$23,554,440	$24,554,440	$121,464,761	$-1,000,000
2018	$22,145,368	$22,845,368	$114,790,475	$-700,000

HOWELL OREGON ELECTRIC COOPERATIVE INC