INDIAN ELECTRIC COOPERATIVE INC

EIN: 730297135

CLEVELAND, OK

Total Revenue
$66,119,356
Total Expenses
$66,119,356
Total Assets
$185,523,215
Net Assets
$83,004,690
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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
1939
Legal Domicile
OK
Principal Officer
TODD SCHROEDER
Phone
9182959500
Tax Period
2023-01-01 to 2023-12-31

INDIAN ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $66.1M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $65,022,637
Investment Income $823,234
Other Revenue $273,485
TOTAL REVENUE $66,119,356

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,714,593
Fundraising Expenses $0
Other Expenses $58,499,737
TOTAL EXPENSES $66,119,356

Year-over-Year Comparison

2023 2022 Change
Revenue $66,119,356 $58,379,776 +0.1%
Expenses $66,119,356 $58,379,776 +0.1%
Net Income $0 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

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Governance

Voting Members
7
Independent Members
7
Employees
96
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
2
$559,750
Total Directors
7
$124,058
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD SCHROEDER GENERAL MANA 40.00
Officer
$270,726 $78,818 $349,544
DON LAWRENCE VP OF IT & B 40.00
Highest
$159,284 $55,661 $214,945
KIMBERLY LAY MGR FINANCE 40.00
Officer
$139,887 $70,319 $210,206
JAMES GARRISON VP OF OPERAT 40.00
Highest
$139,492 $70,435 $209,927
DAVID WILSON ASSISTANT GM 40.00
Highest
$147,660 $55,676 $203,336
KENNETH MORGAN LINE FOREMAN 49.86
Highest
$143,618 $58,250 $201,868
JOHN POLLARD VP OF ENGINE 40.00
Highest
$144,940 $55,767 $200,707
JIM HADLOCK PRESIDENT 4.10
Director
$41,162 $0 $41,162
MIKE SPRADLING VICE PRESIDE 2.19
Director
$23,835 $0 $23,835
GREG FIELDING TRUSTEE 4.72
Director
$13,852 $0 $13,852
RALPH JEROME ASSISTANT SE 2.50
Director
$12,400 $0 $12,400
LEE PECKENPAUGH TRUSTEE 1.68
Director
$11,800 $0 $11,800
BERRY KEELER SECR/TREAS 0.98
Director
$11,009 $0 $11,009
CHRIS HUDGINS TRUSTEE 0.94
Director
$10,000 $0 $10,000
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 $66,119,356 $66,119,356 $185,523,215 No data
2022 $58,379,776 $58,379,776 $160,445,037 No data
2021 $54,156,203 $54,156,203 $140,742,547 No data
2020 $51,407,370 $51,407,370 $140,051,025 No data
2019 $53,335,918 $53,335,918 $136,824,788 No data
2018 $53,816,261 $53,816,261 $127,962,076 No data
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