OWEN ELECTRIC COOPERATIVE INC (EIN 610299615) - 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

1937

Legal Domicile

Principal Officer

Michael L Cobb

Phone

5024843471

Tax Period

2024-01-01 to 2024-12-31

OWEN ELECTRIC COOPERATIVE INC, founded in 1937, is a major nonprofit that reported $246.5M in total revenue in fiscal year 2024.

Mission

Provide electric service to members on a patronage basis. Serve an average of 66,000 member accounts. Improve our members' lives by providing safe, reliable, affordable electric service.

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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 $242,544,466

Investment Income $1,255,269

Other Revenue $2,741,503

TOTAL REVENUE $246,541,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,214,996

Fundraising Expenses $0

Program Expenses $0

Other Expenses $227,444,522

TOTAL EXPENSES $246,541,238

Year-over-Year Comparison

	2024	2023	Change
Revenue	$246,541,238	$237,766,185	+0.0%
Expenses	$246,541,238	$237,766,185	+0.0%
Net Income	$0	$0	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

N/A

Employees

128

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

$469,889

Total Directors

$157,130

Key Employees

$1,225,146

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael L Cobb	President and CEO	60	Officer	$364,392	$105,497	$469,889
Michael Stafford	VP of Member Services	50	Key Emp	$161,115	$75,868	$236,983
Jim Petreshock	VP of Information Systems	50	Key Emp	$161,381	$75,421	$236,802
Joseph Waichulis	Service Technician	60	Highest	$158,058	$54,687	$212,745
Jennifer Taylor	VP of Engineering	50	Key Emp	$155,321	$55,863	$211,184
Andrew Long	VP of Engineering	50	Key Emp	$139,290	$62,096	$201,386
Steven Moore	Service Technician	57	Highest	$151,165	$48,227	$199,392
Brian Jones	VP of Operations	50	Key Emp	$166,978	$25,810	$192,788
Albert Pickett	Service Technician	58	Highest	$153,038	$38,535	$191,573
Jerod Mulberry	Service Technician	55	Highest	$145,111	$46,066	$191,177
Joe Schmiade	Service Technician	57	Highest	$149,791	$17,091	$166,882
Erin Rehkamp	VP of Corporate Services	50	Key Emp	$136,990	$9,013	$146,003
John Grant	Director	7	Director	$26,775	$0	$26,775
Charles Richarson	Secretary-Treasurer	6	Director	$26,679	$0	$26,679
Richard Messingschlager	Director	7	Director	$24,906	$0	$24,906
Robert True	Director	3	Director	$20,235	$0	$20,235
Hope Kinman	Director	4	Director	$19,674	$0	$19,674
Eddie McCord	Vice Chairman	3	Director	$19,661	$0	$19,661
Charles Alan Ahrman	Chairman	6	Director	$19,200	$0	$19,200

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	$246,541,238	$246,541,238	$319,181,309	No data
2023	$237,766,185	$237,766,185	$316,615,301	No data
2022	$232,534,469	$232,534,469	$308,543,726	No data
2021	$184,758,521	$184,758,521	$280,661,277	No data
2020	$164,482,553	$164,482,553	$267,754,840	No data

OWEN ELECTRIC COOPERATIVE INC