OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES (EIN 730556236) - 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

1942

Legal Domicile

Principal Officer

Chris Meyers

Phone

4054781455

Tax Period

2023-01-01 to 2023-12-31

OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES, founded in 1942, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023.

Mission

The Oklahoma Association of Electric Cooperatives is a statewide association created in 1942 and voluntarily supported by Oklahoma's non-profit electric cooperatives for the purpose to collectively perform services which would not be economical or practical for each individual cooperative to perform alone.Such services include a Safety & Loss Control program to train and certify electric cooperative linemen; a mutual aid disaster planning and coordination program; a self-insured workers compensation program to lower rates to its members; training programs for cooperative board members and managers, supervisors and employees; legislative and regulatory programs to ensure that the rights of electric cooperative member-consumers are fairly represented at state and national levels; and a monthly newspaper, Oklahoma Living, distributed to over 312,000 member-consumers to keep them informed of their energy and utility issues.

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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 $0

Program Service Revenue $6,276,168

Investment Income $57,347

Other Revenue $790,143

TOTAL REVENUE $7,123,658

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,284,887

Fundraising Expenses $0

Other Expenses $3,873,816

TOTAL EXPENSES $7,158,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,123,658	$6,752,398	+0.1%
Expenses	$7,158,703	$7,061,964	+0.0%
Net Income	$-35,045	$-309,566	-0.9%

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

N/A

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

$511,327

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Meyers	Exec. VP/CEO	40.00	Officer	$393,062	$118,265	$511,327
Jim Reece	Director Legis & Regulatory Affairs	40.00		$165,702	$70,352	$236,054
Anna Politano	Director PR & Comm	40.00		$149,421	$66,466	$215,887
Kirbi Mills	Director Admin Ser	40.00		$148,372	$66,336	$214,708
Derek Janaway	Director LC	40.00		$131,909	$61,854	$193,763
Stacey Howeth	Director Member se	40.00		$132,013	$60,526	$192,539
Cade Standifer	Director LC NM	40.00		$117,504	$57,654	$175,158
Julie Russell	Director	1.00	Director	$0	$0	$0
Greg Goetz	Director	1.00	Director	$0	$0	$0
Phillip King	Director	1.00	Director	$0	$0	$0
Mark Fuller	Director	1.00	Director	$0	$0	$0
Steve Marak	Director	1.00	Director	$0	$0	$0
Gary Highley	Director	1.00	Director	$0	$0	$0
James Wells	Director	1.00	Director	$0	$0	$0
Sondra White	Director	1.00	Director	$0	$0	$0
Jana Burris	Director	1.00	Director	$0	$0	$0
Kooney Duncan	Director	1.00	Director	$0	$0	$0
Tom Kloeppel	Director	1.00	Director	$0	$0	$0
Aaron Roark	Director	1.00	Director	$0	$0	$0
Ronnie Pevehouse	Director	1.00	Director	$0	$0	$0
Juli Orme	Director	1.00	Director	$0	$0	$0
Steve Robinson	Director	1.00	Director	$0	$0	$0
Jennifer Meason	Director	1.00	Director	$0	$0	$0
Larry Harvey	Director	1.00	Director	$0	$0	$0
Tim Smith	Director	1.00	Director	$0	$0	$0
Jim Reeves	Director	1.00	Director	$0	$0	$0
Aaron Paxton	Director	1.00	Director	$0	$0	$0
Jim Hadlock	Director	1.00	Director	$0	$0	$0
Todd Schroeder	Director	1.00	Director	$0	$0	$0
Larry Culwell	Director	1.00	Director	$0	$0	$0
Ted Hilmes	Director	1.00	Director	$0	$0	$0
Verl Brorsen	Director	1.00	Director	$0	$0	$0
Jason Boesch	Director	1.00	Director	$0	$0	$0
Ron Pelanconi	Director	1.00	Director	$0	$0	$0
Brett Orme	Director	1.00	Director	$0	$0	$0
Robert Travis	Director	1.00	Director	$0	$0	$0
Clint Pack	Director	1.00	Director	$0	$0	$0
Scott Manes	Director	1.00	Director	$0	$0	$0
Hamid Vahdatipour	Director	1.00	Director	$0	$0	$0
Charles Wyrick	Director	1.00	Director	$0	$0	$0
Daniel Webster	Director	1.00	Director	$0	$0	$0
Jimmy Taylor	Director	1.00	Director	$0	$0	$0
Brent Meador	Director	1.00	Director	$0	$0	$0
John Bruce	Director	1.00	Director	$0	$0	$0
Tyson Littau	Director	1.00	Director	$0	$0	$0
Bob Usry	Director	1.00	Director	$0	$0	$0
Patrick Grace	Director	1.00	Director	$0	$0	$0
Lynn Carson	Director	1.00	Director	$0	$0	$0
Kris Williams	Director	1.00	Director	$0	$0	$0
Robert York	Director	1.00	Director	$0	$0	$0
Kevin Wood	Director	1.00	Director	$0	$0	$0
Allen Wade	Director	1.00	Director	$0	$0	$0
Mike Mathis	Director	1.00	Director	$0	$0	$0
Brent Bacon	Director	1.00	Director	$0	$0	$0
Dusty Ricks	Director	1.00	Director	$0	$0	$0
Tracy Rogers	Director	1.00	Director	$0	$0	$0
James Fox	Director	1.00	Director	$0	$0	$0
Don Proctor	Director	1.00	Director	$0	$0	$0
Jeff Simpson	Director	1.00	Director	$0	$0	$0
Ronny White	Director	1.00	Director	$0	$0	$0
Zac Perkins	Director	1.00	Director	$0	$0	$0
Jack Bogart	Director	1.00	Director	$0	$0	$0
Alice Houston	Director	1.00	Director	$0	$0	$0
Donnie Bidegain	Director	1.00	Director	$0	$0	$0
Gary Roulet	Director	1.00	Director	$0	$0	$0
Albert Daniel	Director	1.00	Director	$0	$0	$0
Kari Hollandsworth	Director	1.00	Director	$0	$0	$0
Bob Usry	President	1.00	Officer	$0	$0	$0
Jennifer Meason	Vice President	1.00	Officer	$0	$0	$0
Ron Pelanconi	Secretary	1.00	Officer	$0	$0	$0
Clint Pack	Treasurer	1.00	Officer	$0	$0	$0

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	$7,123,658	$7,158,703	$7,472,475	$-35,045
2022	$6,752,398	$7,061,964	$7,543,552	$-309,566
2021	$6,331,972	$6,274,992	$7,878,681	$56,980
2020	$6,464,887	$6,153,810	$7,926,299	$311,077
2019	$6,419,880	$6,006,890	$7,875,524	$412,990
2018	$6,228,427	$5,873,504	$7,738,036	$354,923

OKLAHOMA ASSOCIATION OF ELECTRIC COOPERATIVES