NORTHWESTERN ELECTRIC COOPERATIVE … - Form 990 Financial Data

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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

Principal Officer

TYSON LITTAU

Phone

5802567425

Tax Period

2024-01-01 to 2024-12-31

NORTHWESTERN ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $41.0M in total revenue in fiscal year 2024.

Mission

THE COOPERATIVE'S RESPONSIBILITY AND AIM IS TO PROVIDE EXCELLENT AND INNOVATIVE CUSTOMER SERVICE AS REFLECTED IN TOP QUALITY ELECTRIC SERVICE RELIABILITY, AFFORDABLE RATES, EMPLOYEE TEAMWORK AND THE HIGHEST DEGREE OF INTEGRITY IN ALL COOPERATIVE ENDEAVORS.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 11,958 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.

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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 $40,733,557

Investment Income $144,209

Other Revenue $103,451

TOTAL REVENUE $40,981,217

Expense Breakdown

Grants Paid $26,184

Salaries & Benefits $6,429,061

Fundraising Expenses $0

Other Expenses $32,048,589

TOTAL EXPENSES $40,981,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,981,217	$40,527,928	+0.0%
Expenses	$40,981,217	$40,527,928	+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

$958,116

Total Directors

$214,780

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARVIN WILKINSON	DIRECTOR	4.70	Director	$33,314	$0	$33,314
KENNETH KNOWLES	PRESIDENT	6.00	Officer Director	$27,770	$0	$27,770
JEFF MCINTOSH	DIRECTOR	3.80	Director	$26,520	$0	$26,520
GILBERT PERKINS	VICE PRESIDENT	4.40	Officer Director	$24,434	$0	$24,434
JOHN BRUCE JR	SECRETARY/TREASURER	4.40	Officer Director	$23,934	$0	$23,934
CLAIR CRAIGHEAD	DIRECTOR	4.00	Director	$23,170	$0	$23,170
BRYCEN SHOAF	DIRECTOR	3.20	Director	$21,884	$0	$21,884
DARLA YOUNG	DIRECTOR	3.50	Director	$17,770	$0	$17,770
DUANE HENDERSON	DIRECTOR	2.50	Director	$15,984	$0	$15,984
TYSON LITTAU	CEO/GM	50.00	Officer	$259,231	$136,292	$395,523
JARET DOWLER	DIRECTOR OF ENGINEERING/OPS	45.00	Officer	$157,499	$88,553	$246,052
JAMIE RUBLE	DIRECTOR OF FINANCE & ADMIN/CFO	42.00	Officer	$147,035	$93,368	$240,403
BRENT MCDOWELL	SAFETY MANAGER	45.00	Highest	$125,170	$81,067	$206,237
CURT CLOYD	DIRECTOR OF IT	45.00	Highest	$114,495	$69,334	$183,829
BRIAN SNIDER	OPERATIONS MANAGER	45.00	Highest	$119,252	$95,069	$214,321
JACOB COLLIER	AREA MANAGER	45.00	Highest	$110,934	$60,074	$171,008
CLINT LEFORCE	LINE FOREMAN	44.00	Highest	$112,110	$69,105	$181,215

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	$40,981,217	$40,981,217	$130,542,183	No data
2023	$40,527,928	$40,527,928	$131,670,391	No data
2022	$44,541,170	$44,541,170	$126,970,760	No data
2021	$38,494,981	$37,294,981	$124,554,121	$1,200,000
2021	$38,494,981	$38,494,981	$124,554,121	No data
2020	$33,340,614	$33,340,614	$112,170,840	No data
2019	$34,104,845	$34,104,845	$102,650,185	No data
2018	$35,086,019	$34,383,221	$97,792,991	$702,798

NORTHWESTERN ELECTRIC COOPERATIVE INC