VERDIGRIS VALLEY ELECTRIC COOPERATIVE INC (EIN 730495962) - 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

MICHAEL HALL

Phone

9183712584

Tax Period

2024-01-01 to 2024-12-31

VERDIGRIS VALLEY ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $93.6M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RELIABLE ELECTRIC SERVICE TO THE MEMBERS/OWNERS AT A REASONABLE COST

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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 $93,051,194

Investment Income $202,898

Other Revenue $322,185

TOTAL REVENUE $93,576,277

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,802,512

Fundraising Expenses $0

Other Expenses $81,011,494

TOTAL EXPENSES $93,576,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,576,277	$86,227,186	+0.1%
Expenses	$93,576,277	$86,227,186	+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

Governance

Voting Members

Independent Members

Employees

101

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

$1,348,558

Total Directors

$298,934

Key Employees

$677,473

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE HOUSTON	GENERAL MANA	40.00	Officer	$355,786	$129,099	$484,885
MICHAEL HALL	COO / CAO	40.00	Officer	$321,629	$124,273	$445,902
KIMBERLY LOFFER	EXC SECR./ME	40.00	Highest	$198,712	$163,964	$362,676
DANNY BEMENT	DIR OPERATIO	40.00	Key Emp	$205,478	$148,431	$353,909
MARLIN BARNHART	ASSIST TO CO	40.00	Key Emp	$197,241	$126,323	$323,564
FLORIENE PROCK	CFO	40.00	Officer	$171,000	$140,791	$311,791
KEITH DELOZIER	ENGINEER	40.00	Highest	$194,474	$115,333	$309,807
DONALD HUTCHINSON	KEY ACCT/GOV	40.00	Highest	$261,492	$45,821	$307,313
ROGER SALISBURY	LINEMAN	40.00	Highest	$217,307	$85,489	$302,796
SHANNON BREWER	ENERGY AUDIT	40.00	Highest	$199,462	$101,463	$300,925
JIMMY LAMBERT	TRUSTEE	14.00	Director	$52,748	$0	$52,748
JACK BOGART	TRUSTEE	10.00	Director	$43,232	$0	$43,232
JIMMY BRACKETT	TREASURER	12.00	Officer Director	$42,032	$0	$42,032
DENNIS LENOX	VICE PRESIDE	10.00	Officer Director	$39,614	$0	$39,614
JOHN HIBDON	TRUSTEE	8.00	Director	$37,832	$0	$37,832
CHARLES HUERTER	TRUSTEE	15.00	Director	$29,116	$0	$29,116
KEN HOWARD	PRESIDENT	8.00	Officer Director	$24,334	$0	$24,334
VERNON LEWIS	TRUSTEE	16.00	Director	$22,193	$0	$22,193
BUDDY MCCARTY	TRUSTEE	12.00	Director	$7,233	$0	$7,233
JOHN BROGAN	TRUSTEE	8.00	Director	$600	$0	$600

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	$93,576,277	$93,576,277	$238,499,583	No data
2023	$86,227,186	$86,227,186	$225,034,975	No data
2022	$80,766,147	$80,766,147	$210,911,514	No data
2021	$78,783,085	$78,783,085	$207,857,115	No data
2020	$74,041,688	$74,041,688	$193,782,218	No data

VERDIGRIS VALLEY ELECTRIC COOPERATIVE INC