COOKE COUNTY ELECTRIC COOPERATIVE ASSOCIATION (EIN 750208872) - 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

NEIL HESSE

Phone

9407592211

Tax Period

2023-01-01 to 2023-12-31

COOKE COUNTY ELECTRIC COOPERATIVE ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $53.6M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST 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 $0

Program Service Revenue $53,037,167

Investment Income $200,770

Other Revenue $398,426

TOTAL REVENUE $53,636,363

Expense Breakdown

Grants Paid $57,592

Salaries & Benefits $5,641,304

Fundraising Expenses $0

Other Expenses $44,004,881

TOTAL EXPENSES $52,746,614

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,636,363	$60,601,561	-0.1%
Expenses	$52,746,614	$60,000,800	-0.1%
Net Income	$889,749	$600,761	+0.5%

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

$1,179,404

Total Directors

$146,370

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH ALEXANDER	PRESIDENT	2.00	Officer Director	$28,061	$0	$28,061
WAYNE KYLE	VICE PRESIDENT	1.90	Officer Director	$29,082	$0	$29,082
GARY DALE LEWIS JR	SECRETARY/TREASURER	2.50	Officer Director	$27,368	$0	$27,368
DON MILLER	DIRECTOR	2.10	Director	$26,276	$0	$26,276
RONNIE FELDERHOFF	DIRECTOR	2.90	Director	$35,583	$0	$35,583
NEIL HESSE	GENERAL MANAGER	55.00	Officer	$210,314	$110,782	$321,096
JANET VOTH	SR. DIRECTOR OF FINANCE/OFFICE OPS	43.00	Officer	$132,106	$64,813	$196,919
LARRY STEWART	DIRECTOR OF SYSTEM OPS (JAN-JUNE)	47.50	Officer	$85,053	$5,028	$90,081
DANIEL BLACK	DIRECTOR OF IT	40.00	Officer	$128,836	$34,706	$163,542
RYAN FUHRMANN	DIRECTOR OF FINANCE/OFFICE OPS	45.00	Officer	$132,862	$17,215	$150,077
CHRIS KUBIS	DIRECTOR OF SYSTEM OPERATIONS	48.00	Officer	$129,368	$43,810	$173,178
MALONY BARTUSH	DIRECTOR OF HR/COMMUNICATIONS	42.00	Highest	$114,750	$35,878	$150,628
GARY GREWING	CREW FOREMAN	49.70	Highest	$118,163	$42,694	$160,857
RONNIE BAYER	LINE SUPERINTENDENT	48.00	Highest	$111,601	$61,066	$172,667
CHARLES SCHILLING	CREW FOREMAN	45.70	Highest	$104,100	$30,200	$134,300
RUSSELL MCCASLAND	SAFETY COORDINATOR	43.00	Highest	$102,252	$45,503	$147,755

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	$53,636,363	$52,746,614	$99,045,089	$889,749
2022	$60,601,561	$60,000,800	$97,556,614	$600,761
2021	$43,344,905	$43,612,287	$91,559,642	$-267,382
2020	$40,143,417	$40,200,931	$87,921,929	$-57,514
2019	$45,246,171	$45,129,691	$87,399,219	$116,480
2018	$46,128,625	$46,272,715	$85,247,529	$-144,090

COOKE COUNTY ELECTRIC COOPERATIVE ASSOCIATION