CIMARRON ELECTRIC COOPERATIVE INC

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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

1936

Legal Domicile

Principal Officer

AARON ROARK

Phone

4053754121

Tax Period

2024-01-01 to 2024-12-31

CIMARRON ELECTRIC COOPERATIVE INC, founded in 1936, is a mid-sized nonprofit that reported $76.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE RELIABLE SERVICES TO MEET OUR MEMBERS' NEEDS AT REASONABLE RATES AND TO SEEK TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 19,592 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 $75,900,079

Investment Income $144,254

Other Revenue $5,230

TOTAL REVENUE $76,049,563

Expense Breakdown

Grants Paid $74,858

Salaries & Benefits $6,005,909

Fundraising Expenses $0

Other Expenses $63,387,881

TOTAL EXPENSES $76,049,563

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,049,563	$79,539,937	0.0%
Expenses	$76,049,563	$79,539,937	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

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

$847,687

Total Directors

$170,050

Key Employees

$770,137

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AMIE REED	SECRETARY	5.50	Officer Director	$18,000	$0	$18,000
CHALENTZ HEDGES	TREASURER	9.70	Officer Director	$18,000	$0	$18,000
GENE PETERS	TRUSTEE	3.70	Director	$19,750	$0	$19,750
RAYMOND FLATT	VICE PRESIDENT	7.20	Officer Director	$18,000	$0	$18,000
ROBERT YEOMAN	TRUSTEE	9.70	Director	$19,750	$0	$19,750
RON SPROUL	PRESIDENT	6.30	Officer Director	$18,000	$0	$18,000
RUDY PATZKOWSKY	TRUSTEE	6.50	Director	$20,450	$0	$20,450
TOM KLOEPPEL	TRUSTEE	5.90	Director	$20,100	$0	$20,100
LANE BROADBENT	TRUSTEE	4.20	Director	$18,000	$0	$18,000
AARON ROARK	CHIEF EXECUTIVE OFFICER	50.00	Officer	$437,338	$76,582	$513,920
MARK ANDREWS	SENIOR VP FINANCE & ADMIN	45.00	Officer	$201,130	$60,637	$261,767
JEFF HYATT	CHIEF MARKETING OFFICER	45.00	Key Emp	$229,373	$71,259	$300,632
STEPHANIE JONES	CHIEF TECHNOLOGY OFFICER	45.00	Key Emp	$164,454	$53,747	$218,201
RONALD PENNINGTON	SENIOR VP OPERATIONS	45.00	Key Emp	$189,712	$61,592	$251,304
AUBREY COOK	JOURNEYMAN LINEMAN	48.00	Highest	$133,820	$46,480	$180,300
RODNEY JOHNSON	OPERATIONS SUPERINTENDENT	45.00	Highest	$137,414	$41,073	$178,487
RICHARD REHERMAN	SENIOR VP ACCOUNTING	40.00	Highest	$164,187	$44,002	$208,189
BRANDON SHIREY	AREA SERVICE REP	47.00	Highest	$140,579	$51,159	$191,738
JERRY STROOPE	AREA SERVICE REP	46.00	Highest	$132,813	$53,613	$186,426

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	$76,049,563	$76,049,563	$189,273,979	No data
2023	$79,539,937	$79,539,937	$185,207,084	No data
2022	$85,946,954	$85,946,954	$177,760,521	No data
2021	$67,599,249	$67,599,249	$169,637,752	No data
2020	$59,840,992	$59,840,992	$164,080,321	No data
2019	$62,204,520	$62,204,520	$157,743,276	No data
2018	$51,039,675	$51,039,675	$141,530,472	No data