CHOCTAW ELECTRIC COOPERATIVE INC

EIN: 730182325

HUGO, OK

Total Revenue
$59,299,656
Total Expenses
$59,299,656
Total Assets
$151,234,182
Net Assets
$90,313,170
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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
1940
Legal Domicile
OK
Principal Officer
KOONEY DUNCAN
Phone
5803266486
Tax Period
2024-01-01 to 2024-12-31

CHOCTAW ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $59.3M in total revenue in fiscal year 2024.

Mission

PROVIDE RELIABLE, SAFE AND AFFORDABLE ENERGY SERVICES TO THE MEMBERS WE SERVE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $57,589,045
Investment Income $1,685,181
Other Revenue $25,430
TOTAL REVENUE $59,299,656

Expense Breakdown

Grants Paid $8,542
Salaries & Benefits $6,424,937
Fundraising Expenses $0
Other Expenses $45,499,029
TOTAL EXPENSES $59,299,656

Year-over-Year Comparison

2024 2023 Change
Revenue $59,299,656 $56,915,980 +0.0%
Expenses $59,299,656 $56,915,980 +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

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Governance

Voting Members
9
Independent Members
9
Employees
79
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
5
$448,462
Total Directors
9
$54,889
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM WOOLSEY VICE PRESIDENT 2.90
Officer Director
$6,100 $0 $6,100
JACKSON FERGUSON TRUSTEE 2.90
Director
$6,200 $0 $6,200
DOUGLAS FRANKS PRESIDENT 5.70
Officer Director
$7,080 $0 $7,080
DEBORAH CODY TRUSTEE 2.10
Director
$6,153 $0 $6,153
PERRY THOMPSON JR SECRETARY/TREASURER 2.10
Officer Director
$5,465 $0 $5,465
STACY NICHOLS TRUSTEE 1.90
Director
$5,550 $0 $5,550
KENNETH AUTRY TRUSTEE 11.70
Director
$6,791 $0 $6,791
JARRED CAMPBELL TRUSTEE 1.70
Director
$4,600 $0 $4,600
JANA BURRIS TRUSTEE 6.90
Director
$6,950 $0 $6,950
KOONEY DUNCAN CEO 55.00
Officer
$216,200 $92,661 $308,861
MICHAEL MELTON DIR. OF FINANCE & ACCTING 40.00
Officer
$83,968 $36,988 $120,956
JEFFREY RECTOR AREA SERVICEMAN 51.00
Highest
$117,690 $61,507 $179,197
KYLE BECK AREA SERVICEMAN 52.00
Highest
$116,484 $50,094 $166,578
ISAAC BILLINGSLEY LEAD LINEMAN 50.00
Highest
$110,186 $48,016 $158,202
JOHNNY COURTWRIGHT EQUIP TECH 51.00
Highest
$108,217 $64,892 $173,109
SHANE CHRISTIAN JOURNEYMAN LINEMAN 51.00
Highest
$107,998 $25,753 $133,751
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 $59,299,656 $59,299,656 $151,234,182 No data
2023 $56,915,980 $56,915,980 $148,026,336 No data
2022 $62,989,544 $62,989,544 $143,071,795 No data
2021 $56,329,714 $56,329,714 $141,855,145 No data
2020 $48,433,023 $48,499,729 $126,441,880 $-66,706
2019 $49,876,838 $47,893,368 $122,205,463 $1,983,470
2018 $47,052,213 $47,052,213 $120,195,987 No data
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