MEDINA ELECTRIC COOPERATIVE INC (EIN 740779023) - 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

HERBERT GREBE III

Phone

8666323532

Tax Period

2023-01-01 to 2023-12-31

MEDINA ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $160.6M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 $160,082,550

Investment Income $263,427

Other Revenue $250,427

TOTAL REVENUE $160,596,404

Expense Breakdown

Grants Paid $120,110

Salaries & Benefits $15,065,386

Fundraising Expenses $0

Other Expenses $131,171,724

TOTAL EXPENSES $161,094,458

Year-over-Year Comparison

	2023	2022	Change
Revenue	$160,596,404	$157,652,712	+0.0%
Expenses	$161,094,458	$157,041,962	+0.0%
Net Income	$-498,054	$610,750	-1.8%

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

151

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

$1,540,994

Total Directors

$159,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE LUIS GONZALEZ	DIRECTOR	7.50	Director	$22,350	$0	$22,350
LARRY HUESSER	VICE PRESIDENT	7.20	Officer Director	$18,900	$0	$18,900
JAMES RAINES	DIRECTOR	6.20	Director	$20,700	$0	$20,700
RODOLFO RODRIGUEZ	DIRECTOR	6.30	Director	$20,450	$0	$20,450
WAYNE SCHOLTZ	DIRECTOR	2.30	Director	$11,100	$0	$11,100
ANNETTE SORRELLS	SECRETARY/TREASURER	5.60	Officer Director	$18,450	$0	$18,450
KENNETH G WHITE	PRESIDENT	6.20	Officer Director	$18,950	$0	$18,950
KENNETH WEYNAND	DIRECTOR	6.30	Director	$21,350	$0	$21,350
JIM GATES	DIRECTOR (JAN)	0.70	Director	$700	$0	$700
JOE FOLEY	DIRECTOR (JULY-DEC)	1.70	Director	$6,450	$0	$6,450
HEBERT OTT GREBE III	CHIEF EXECUTIVE OFFICER	50.00	Officer	$212,284	$101,992	$314,276
KEITH CALLE	CHIEF ENGINEERING DIVISION OFFICER	45.00	Officer	$166,790	$50,086	$216,876
LEONARD GEYER	CHIEF OPERATIONS DIVISION OFFICER	40.00	Officer	$135,374	$99,707	$235,081
PATRICIA TAYLOR	CHIEF ADMINISTRATIVE OFFICER	45.00	Officer	$144,889	$111,399	$256,288
DOUG KINDRED	CHIEF IT OFFICER	50.00	Officer	$145,974	$88,807	$234,781
LAURIE VAN DAMME	CHIEF FINANCIAL OFFICER	45.00	Officer	$147,890	$79,502	$227,392
ALLEN BOEHME	SYSTEMS OPERATOR	40.00	Highest	$122,473	$20,423	$142,896
OSCAR CHAPA	MANAGER OF SOUTHERN REGION	40.00	Highest	$118,965	$120,209	$239,174
PATRICIO GARZA	JOURNEYMAN	40.00	Highest	$127,921	$52,595	$180,516
SEAN KRAUSE	MANAGER OF ENGINEERING	40.00	Highest	$126,207	$48,633	$174,840
BRETT WILLIAMS	MANAGER OF FINANCE	40.00	Highest	$126,860	$52,189	$179,049

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	$160,596,404	$161,094,458	$328,349,312	$-498,054
2022	$157,652,712	$157,041,962	$298,551,439	$610,750
2021	$130,747,216	$130,962,649	$275,605,575	$-215,433
2020	$130,288,604	$130,629,389	$264,283,380	$-340,785
2019	$133,951,852	$133,287,529	$249,593,770	$664,323
2018	$128,069,415	$127,292,439	$234,384,200	$776,976

MEDINA ELECTRIC COOPERATIVE INC