OHIO RURAL ELECTRIC COOPERATIVES INC (EIN 510174617) - 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

1941

Legal Domicile

Principal Officer

Patrick O'Loughlin

Phone

6148465757

Tax Period

2023-07-01 to 2024-06-30

OHIO RURAL ELECTRIC COOPERATIVES INC, founded in 1941, is a community nonprofit that reported $9.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $8.2M left a modest 14% surplus.

Mission

To safeguard enhance and optimize the environment for electric distribution cooperatives operating in the State of Ohio.

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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 $5,125,037

Program Service Revenue $4,373,545

Investment Income $0

Other Revenue $0

TOTAL REVENUE $9,498,582

Expense Breakdown

Grants Paid $78,900

Salaries & Benefits $4,661,286

Fundraising Expenses $0

Program Expenses $78,900

Other Expenses $3,451,060

TOTAL EXPENSES $8,191,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,498,582	$8,402,596	+0.1%
Expenses	$8,191,246	$7,873,344	+0.0%
Net Income	$1,307,336	$529,252	+1.5%

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

$3,954,300

Total Directors

$110,250

Key Employees

$240,631

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William Roberts	VP Finance CFO	8.00	Officer	$75,810	$132,704	$511,755
Greg Niese	Director of IT	4.00	Highest	$30,032	$116,312	$316,526
Randall Keefer	Director Fuel Procurement By Product Sales	0.00	Highest	$0	$65,710	$273,084
Dave Richardson	Plant Manager	0.00	Highest	$0	$75,690	$290,566
Bethany Schunn	Plant Manager	0.00	Highest	$0	$59,556	$318,339
Bill Daugherty	Director	0.50	Director	$5,200	$0	$5,200
Gene McCluer	Director	1.32	Director	$4,450	$0	$4,450
Brad Haupricht	Director	1.24	Director	$1,350	$0	$1,350
Rodney Eaton	Director	1.66	Director	$2,250	$0	$2,250
Paul Berridge	Chairman	1.85	Officer Director	$4,850	$0	$4,850
Dr John Saxton	Director	2.48	Officer Director	$9,200	$0	$9,200
Dan Schloemer	Director	0.95	Director	$4,400	$0	$4,400
Don McCarty	Director	1.85	Director	$4,050	$0	$4,050
Thomas McQuiston	Director	1.38	Director	$4,850	$0	$4,850
Robert McCort	Director	2.16	Director	$5,250	$0	$5,250
Larry Roof	Director	0.91	Director	$2,925	$0	$2,925
Matt Webster	Director	1.00	Director	$5,475	$0	$5,475
Tom Graham	Director	1.42	Director	$3,600	$0	$3,600
Ed Bay	Director	1.03	Director	$3,375	$0	$3,375
Ed Crawford	Director	1.98	Director	$4,625	$0	$4,625
Barry Jolliff	Director	1.17	Director	$4,050	$0	$4,050
Warren Taylor	Director	1.77	Director	$5,250	$0	$5,250
James McConnell	Director	1.00	Director	$900	$0	$900
Roger Rank	Vice Chairman	1.92	Officer Director	$5,250	$0	$5,250
Mitchel Headley	Chairman	1.88	Officer Director	$5,675	$0	$5,675
Ted Black	Director	0.73	Director	$3,600	$0	$3,600
Harold Cooper	Director	1.37	Director	$3,150	$0	$3,150
Kenneth Brubaker	Director	1.00	Director	$2,650	$0	$2,650
Steve Patton	Director	0.97	Director	$4,625	$0	$4,625
William Holcomb	Director	1.00	Director	$0	$0	$0
Betty Martin	Secretary Treasurer	1.74	Officer Director	$4,000	$0	$4,000
Nick Wagner	Director	2.04	Director	$5,250	$0	$5,250
Thomas Alban	VP Power Generation	1.60	Officer	$11,863	$114,243	$410,822
Craig Grooms	Chief Operating Officer	2.80	Officer	$24,782	$127,072	$481,103
Kurt Helfrich	General Counsel	6.00	Officer	$55,823	$99,609	$471,760
Doug Miller	VP Statewide Services	30.00	Officer	$227,039	$161,763	$464,482
Patrick OLoughlin	President CEO	7.20	Officer	$211,754	$140,840	$1,317,251
Kevin Zemanek	VP Operations	2.80	Officer	$14,512	$60,846	$268,152
Ben Wilson	Assistant VP Power Delivery	4.00	Key Emp	$18,696	$53,670	$240,631
Paul Jackson	Director Project Management	0.00	Highest	$0	$46,964	$251,404

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	No data	No data	No data	No data
2024	$9,498,582	$8,191,246	$4,315,055	$1,307,336
2023	$8,402,596	$7,873,344	$3,974,987	$529,252
2022	$7,712,310	$7,722,578	$3,871,538	$-10,268
2021	$7,078,279	$7,048,210	$3,714,829	$30,069

OHIO RURAL ELECTRIC COOPERATIVES INC