OSAGE VALLEY ELECTRIC COOPERATIVE … - Form 990 Financial Data

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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

JARROD CAMPBELL

Phone

6606793131

Tax Period

2024-01-01 to 2024-12-31

OSAGE VALLEY ELECTRIC COOPERATIVE ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $53.2M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $50.6M left a modest 5% surplus.

Mission

COMMITTED TO PROVIDING SAFE, RELIABLE AND AFFORDABLE ELECTRIC SERVICE IN AN EFFORT TO IMPROVE THE QUALITY OF LIFE AND THE COMMUNITIES OF OUR MEMBERS. THE COOPERATIVE WILL ACCOMPLISH THIS MISSION BY FOLLOWING THE SEVEN COOPERATIVE PRINCIPLES.

Program Service Accomplishments

Program 1

SALES OF ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 17,846 ACTIVE SERVICES AT YEAR END.

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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 $42,868,861

Investment Income $272,488

Other Revenue $10,033,924

TOTAL REVENUE $53,175,273

Expense Breakdown

Grants Paid $8,285

Salaries & Benefits $6,355,712

Fundraising Expenses $0

Other Expenses $40,965,010

TOTAL EXPENSES $50,641,876

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,175,273	$46,051,756	+0.2%
Expenses	$50,641,876	$43,989,391	+0.2%
Net Income	$2,533,397	$2,062,365	+0.2%

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

$801,598

Total Directors

$250,512

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELLE BLACK	SECRETARY/TREASURER	8.00	Officer Director	$27,092	$0	$27,092
DARRELL DAINS	2ND VICE PRESIDENT	8.00	Officer Director	$29,759	$0	$29,759
RONALD STEUCK	PRESIDENT	15.00	Officer Director	$28,759	$0	$28,759
DAVID RAPP	DIRECTOR	8.00	Director	$15,856	$0	$15,856
GERALD STEPHAN	1ST VICE PRESIDENT	8.00	Officer Director	$28,359	$0	$28,359
PD KIRCHER	DIRECTOR	8.00	Director	$29,856	$0	$29,856
RICHARD WIRSIG	ASSISTANT SECRETARY/TREASU	8.00	Officer Director	$22,309	$0	$22,309
JASON WINTER	DIRECTOR	8.50	Director	$36,197	$0	$36,197
JOE HILTY	DIRECTOR	8.00	Director	$32,325	$0	$32,325
JARROD CAMPBELL	CEO/GENERAL MANAGER	50.00	Officer	$274,778	$184,084	$458,862
MATTHEW SHARP	CFO	40.00	Officer	$146,915	$59,543	$206,458
JAMES NISSEN	FOREMAN	57.00	Highest	$177,610	$74,686	$252,296
JAROD MCBRAYER	MATERIAL CLERK	52.00	Highest	$151,595	$69,094	$220,689
TREVON RILEY	ENGINEERING MANAGER	40.00	Highest	$148,275	$20,973	$169,248
STETSON SHIRKY	FOREMAN	49.00	Highest	$141,932	$43,501	$185,433
CLINTON BENNETT	FOREMAN	48.00	Highest	$141,877	$84,335	$226,212

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	$53,175,273	$50,641,876	$199,730,935	$2,533,397
2023	$46,051,756	$43,989,391	$189,806,374	$2,062,365
2022	$41,931,566	$41,931,566	$144,268,357	No data
2021	$38,029,728	$38,029,728	$105,740,013	No data
2020	$37,310,686	$37,310,686	$96,601,857	No data
2019	$37,229,065	$37,229,065	$91,704,050	No data
2018	$37,297,869	$37,297,869	$89,048,224	No data

OSAGE VALLEY ELECTRIC COOPERATIVE ASSOCIATION