NORTHEAST OKLAHOMA ELECTRIC COOPERATIVE INC (EIN 730375582) - 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

1938

Legal Domicile

Principal Officer

DANIEL WEBSTER

Phone

9182566405

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST OKLAHOMA ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $90.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRICITY TO ITS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,000

Program Service Revenue $89,001,768

Investment Income $1,910,441

Other Revenue $-690,343

TOTAL REVENUE $90,231,866

Expense Breakdown

Grants Paid $49,080

Salaries & Benefits $1,698,359

Fundraising Expenses $0

Other Expenses $86,197,631

TOTAL EXPENSES $89,808,421

Year-over-Year Comparison

	2023	2022	Change
Revenue	$90,231,866	$87,600,134	+0.0%
Expenses	$89,808,421	$89,071,960	+0.0%
Net Income	$423,445	$-1,471,826	-1.3%

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

204

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

$794,452

Total Directors

$228,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANDY RISMAN	PRESIDENT	10.00	Officer Director	$34,643	$0	$34,643
JOHN MYERS	VICE PRESIDENT	9.00	Officer Director	$19,616	$0	$19,616
JIMMY CAUDILL	SECRETARY/TREASURER	10.00	Officer Director	$32,243	$0	$32,243
MIKE DETHERAGE	TRUSTEE	7.00	Director	$27,582	$0	$27,582
SHARRON GAY	TRUSTEE	9.00	Director	$10,665	$0	$10,665
BRIAN KELLY	TRUSTEE	7.00	Director	$19,238	$0	$19,238
NANCY KIMBRELL	TRUSTEE	8.00	Director	$25,539	$0	$25,539
JAMES WADE	TRUSTEE	8.00	Director	$20,793	$0	$20,793
CHARLES WYRICK	TRUSTEE	7.00	Director	$38,379	$0	$38,379
DANIEL WEBSTER	GENERAL MANAGER/CEO	50.00	Officer	$342,570	$110,463	$453,033
SEAN FRIEND	CFO	44.00	Officer	$200,546	$54,371	$254,917
SHANE BURGESS	MANAGER OF ENGINEERING	45.00	Highest	$132,240	$71,970	$204,210
SAMI JO FRISBY	MANAGER OF ADMINISTRATIVE SERVICES	44.00	Highest	$134,068	$44,592	$178,660
RICKY HIGNITE	MANAGER OF INFORMATION TECHNOLOGY	42.00	Highest	$137,683	$106,189	$243,872
DARRYLL LINDSEY	MANAGER OF MEMBER SERVICES	42.00	Highest	$131,196	$146,186	$277,382
NICK SUTTON	MANAGER OF OPERATIONS	46.00	Highest	$150,872	$121,566	$272,438

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
2023	$90,231,866	$89,808,421	No data	$423,445
2022	$87,600,134	$89,071,960	$253,412,960	$-1,471,826
2021	$85,761,419	$82,628,308	$249,522,381	$3,133,111
2020	$78,789,414	$79,071,950	$231,852,720	$-282,536
2019	$79,536,478	$79,536,478	$209,225,795	No data
2018	$80,529,812	$83,748,823	$209,761,811	$-3,219,011

NORTHEAST OKLAHOMA ELECTRIC COOPERATIVE INC