DS&O 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

Timothy J Power

Tax Period

2023-01-01 to 2023-12-31

DS&O Electric Cooperative, founded in 1937, is a mid-sized nonprofit that reported $22.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

To provide to our members safe, reliable, and affordable energy, educational programs, high quality service and other products through the provision of cooperative financial stability, hiring innovative employees and environmental stewardship.

Program Service Accomplishments

Program 1

The Cooperative serves approximately 8,400 residential and commercial meters in some thirty communities spread throughout a nine county area in Central Kansas. Its service area extends from Junction City to McPherson and from Glasco to Lost Springs. This area includes the City of Solomon and certain areas within the city limits of Junction City. The majority of residential customers continue to be found in Dickinson, Saline, and Ottawa counties. Signficant numbers are also in Geary and McPherson counties.

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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 (2023)

Revenue Breakdown

Contributions & Grants $132,175

Program Service Revenue $21,995,662

Investment Income $166,387

Other Revenue $6,775

TOTAL REVENUE $22,300,999

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $1,419,645

Fundraising Expenses $0

Other Expenses $18,988,664

TOTAL EXPENSES $22,168,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,300,999	$23,652,243	-0.1%
Expenses	$22,168,824	$23,652,243	-0.1%
Net Income	$132,175	N/A	N/A

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

$629,214

Total Directors

$80,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Timothy J Power	CEO	40.00	Officer	$268,152	$121,919	$390,071
Marla Marshall	CFO	42.00	Officer	$138,975	$100,168	$239,143
Michael Olberding	Operations Manager	42.00	Highest	$134,184	$75,578	$209,762
Derrick Rutherford	Member Services	44.00	Highest	$121,824	$59,251	$181,075
Tracy Turner	Operations Manager	40.00	Highest	$111,057	$53,857	$164,914
Kiff Swisher	Lineman	43.00	Highest	$111,848	$41,682	$153,530
James Christopher	Director	7.16	Director	$17,100	$0	$17,100
Ken Hedberg	Director	4.27	Director	$12,300	$0	$12,300
Michael Richards	Director	2.79	Director	$10,500	$0	$10,500
Shelia Hummel	Director	2.95	Director	$9,550	$0	$9,550
David Mueller	Director	2.76	Director	$7,400	$0	$7,400
Dean Allison	Director	2.12	Director	$7,200	$0	$7,200
David Butler	Director	1.91	Director	$6,300	$0	$6,300
Ken Berry	Director	1.89	Director	$5,400	$0	$5,400
Bruce Spare	Director	1.59	Director	$4,800	$0	$4,800
Dane Clark	Director	0.32		$600	$0	$600

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	No data	No data	No data	No data
2023	$22,300,999	$22,168,824	$73,956,995	$132,175
2022	$23,652,243	$23,652,243	$74,622,942	No data
2021	$21,131,136	$21,131,136	$72,378,968	No data
2020	$19,607,773	$19,607,773	$68,735,454	No data
2019	$20,225,535	$20,225,535	$68,785,414	No data
2018	$21,116,735	$21,116,735	$69,302,717	No data