NORTH PLAINS ELECTRIC COOPERATIVE INC (EIN 750693840) - 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

1944

Legal Domicile

Principal Officer

MIKE WOLFE

Phone

8064355482

Tax Period

2024-01-01 to 2024-12-31

NORTH PLAINS ELECTRIC COOPERATIVE INC, founded in 1944, is a mid-sized nonprofit that reported $34.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,319,805

Investment Income $833,683

Other Revenue $65,967

TOTAL REVENUE $34,219,455

Expense Breakdown

Grants Paid $19,608

Salaries & Benefits $4,063,200

Fundraising Expenses $0

Other Expenses $25,100,956

TOTAL EXPENSES $33,367,947

Year-over-Year Comparison

	2024	2023	Change
Revenue	$34,219,455	$44,304,467	-0.2%
Expenses	$33,367,947	$43,747,992	-0.2%
Net Income	$851,508	$556,475	+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

$532,244

Total Directors

$291,939

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES GREENE	PRESIDENT (JAN-APR)	10.00	Officer Director	$11,636	$0	$11,636
TRAVIS PATTERSON	VICE PRESIDENT	4.20	Officer Director	$32,260	$0	$32,260
DAVID SELL	SECRETARY/TREASURER	4.30	Officer Director	$32,260	$0	$32,260
STEVEN WAIDE	DIRECTOR	3.40	Director	$32,260	$0	$32,260
ALLEN WEBB	DIRECTOR	2.90	Director	$32,460	$0	$32,460
SCOTT SONNENBERG	DIRECTOR (APR-DEC)	1.80	Director	$21,823	$0	$21,823
RICHARD SCHAD	DIRECTOR	3.50	Director	$32,060	$0	$32,060
JAMES BORN	DIRECTOR	4.00	Director	$32,260	$0	$32,260
DENNIS TYSON	DIRECTOR	2.50	Director	$32,660	$0	$32,660
JOHNNIE YOUNG	PRESIDENT	3.50	Officer Director	$32,260	$0	$32,260
RANDY MAHANNAH	EXECUTIVE VP & GENERAL MANAGER	40.00	Officer	$238,536	$51,117	$289,653
JENNIFER ROBERTS	CHIEF FINANICAL OFFICER	40.00	Officer	$121,947	$12,228	$134,175
RONALD HARVEY	OPERATIONS SUPERVISOR	40.00	Highest	$130,089	$48,342	$178,431
JESSE BURKHALTER	CREW FOREMAN	51.00	Highest	$119,389	$40,459	$159,848
JASON O'DELL	CREW FOREMAN	49.00	Highest	$116,577	$39,053	$155,630
RICHARD HOLDEMAN	SERVICEMAN	49.00	Highest	$115,291	$39,124	$154,415
JIMMY LANE	ENG SERVICE MANAGER	40.00	Highest	$111,860	$43,280	$155,140

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	$34,219,455	$33,367,947	$133,832,392	$851,508
2023	$44,304,467	$43,747,992	$124,128,701	$556,475
2022	$53,812,469	$51,599,871	$118,894,294	$2,212,598
2021	$41,899,328	$44,834,523	$109,565,276	$-2,935,195
2020	$35,854,272	$35,637,639	$103,654,909	$216,633

NORTH PLAINS ELECTRIC COOPERATIVE INC