FREESTATE ELECTRIC COOPERATIVE INC (EIN 814078510) - 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

2017

Legal Domicile

Principal Officer

CHRISTOPHER S PARR

Phone

7854783444

Tax Period

2024-01-01 to 2024-12-31

FREESTATE ELECTRIC COOPERATIVE INC, founded in 2017, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $47.4M in total revenue in fiscal year 2024.

Mission

PROVIDE ELECTRIC POWER AND RELATED SERVICES TO MEMBERS

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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 $47,008,738

Investment Income $333,480

Other Revenue $20,111

TOTAL REVENUE $47,362,329

Expense Breakdown

Grants Paid $3,675

Salaries & Benefits $665,923

Fundraising Expenses $0

Other Expenses $45,288,079

TOTAL EXPENSES $47,362,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,362,329	$45,744,996	+0.0%
Expenses	$47,362,329	$45,744,996	+0.0%
Net Income	$0	$0	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

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

$572,767

Total Directors

$97,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH PHILLIPS	TRUSTEE	2.80	Director	$13,211	$0	$13,211
ROBERT SAGE	TRUSTEE	1.90	Director	$9,466	$0	$9,466
DON MONTGOMERY	SECRETARY	2.30	Officer Director	$12,391	$0	$12,391
LARRY BUTEL	TREASURER	2.30	Officer Director	$10,466	$0	$10,466
MARK WULFKUHLE	VICE PRESIDENT	2.20	Officer Director	$11,416	$0	$11,416
BILL CONLEY	TRUSTEE	2.00	Director	$10,066	$0	$10,066
JEANINE MURPHY	PRESIDENT	2.00	Officer Director	$8,666	$0	$8,666
MATT TURECEK	TRUSTEE	1.70	Director	$9,216	$0	$9,216
KAROL LOHMAN	TRUSTEE	1.80	Director	$12,216	$0	$12,216
CHRISTOPHER PARR	CEO	46.00	Officer	$262,621	$77,323	$339,944
JILL TAGGART	CFO	42.50	Officer	$135,790	$54,094	$189,884
ZACHARY STERLING	CHIEF OPERATIONS OFFICER	43.00	Highest	$142,694	$87,584	$230,278
JEREMY CAMERON	JOURNEYMAN LINEMAN	50.10	Highest	$141,794	$40,839	$182,633
KYLE HALLGREN	JOURNEYMAN LINEMAN	55.40	Highest	$158,757	$43,982	$202,739
BRENT EDGECOMB	CHIEF INFORMATION OFFICER	43.10	Highest	$133,666	$43,300	$176,966
BRYCE SHAVER	LINE FOREMAN	46.50	Highest	$137,289	$44,364	$181,653

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	$47,362,329	$47,362,329	$134,431,557	No data
2023	$45,744,996	$45,744,996	$125,115,119	No data
2022	$47,018,053	$47,018,053	$121,824,539	No data
2021	$43,505,372	$43,505,372	$115,006,207	No data
2020	$40,752,409	$40,752,407	$110,762,882	$2
2019	$41,542,690	$41,427,820	$108,625,715	$114,870
2018	$43,992,104	$43,992,104	$106,624,800	No data

FREESTATE ELECTRIC COOPERATIVE INC