MT WHEELER POWER INC

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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

1963

Legal Domicile

Principal Officer

KEVIN ROBISON

Phone

7752898981

Tax Period

2023-01-01 to 2023-12-31

MT WHEELER POWER INC, founded in 1963, is a mid-sized nonprofit that reported $42.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ITS MEMBERS WITH SAFE, RELIABLE, CONVENIENT AND EQUITABLE ENERGY SERVICES AND OTHER PRODUCTS DEEMED NECESSARY AND BENEFICIAL TO MEMBERS. MT. WHEELER POWER ALSO RECOGNIZES ITS EMPLOYEES AS ITS MOST VALUABLE ASSET AND SEEKS TO PROVIDE OPPORTUNITIES FOR THEM WHILE KEEPING A BALANCE BETWEEN THE NEEDS OF THE COOPERATIVE'S MEMBERS AND EMPLOYEES.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 7,605 ACTIVE SERVICES AT YEAR END.

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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 $42,231,355

Investment Income $166,744

Other Revenue $259,941

TOTAL REVENUE $42,658,040

Expense Breakdown

Grants Paid $7,614

Salaries & Benefits $5,321,836

Fundraising Expenses $0

Other Expenses $36,559,634

TOTAL EXPENSES $42,727,825

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,658,040	$41,416,487	+0.0%
Expenses	$42,727,825	$41,577,806	+0.0%
Net Income	$-69,785	$-161,319	-0.6%

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

$682,933

Total Directors

$114,836

Key Employees

$260,126

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERALD ANDERSON	SECRETARY	11.50	Officer Director	$16,470	$0	$16,470
RICK HENDRIX	PRESIDENT	14.00	Officer Director	$17,220	$0	$17,220
MARY KERNER	TREASURER	2.30	Officer Director	$11,720	$0	$11,720
RONALD MILLER	SECRETARY (JAN-MAY)	2.20	Officer Director	$4,456	$0	$4,456
RON NIMAN	VICE PRESIDENT	2.30	Officer Director	$10,720	$0	$10,720
CODY ODGERS	DIRECTOR	2.30	Director	$10,970	$0	$10,970
MARTIN PLASKETT	DIRECTOR	2.30	Director	$11,470	$0	$11,470
ROBERT PRATT	DIRECTOR	3.20	Director	$11,470	$0	$11,470
WADE ROBISON	DIRECTOR	5.10	Director	$11,970	$0	$11,970
MONICA SIMON	DIRECTOR (JUNE-DEC)	9.80	Director	$8,370	$0	$8,370
KEVIN ROBISON	CEO	55.00	Officer	$252,505	$119,665	$372,170
PATRICIA STANTON	ACCOUNTING MANAGER	40.00	Officer	$154,544	$95,633	$250,177
SHELLIE WATTS	MEMBER SERVICES MANAGER/HR	40.00	Key Emp	$151,546	$108,580	$260,126
MARTIN BURDICK	SENIOR FOREMAN LINEMAN	52.00	Highest	$170,482	$104,204	$274,686
WILLIAM RICCI	OPERATIONS MANAGER	40.00	Highest	$149,617	$107,028	$256,645
TIM UHALDE	ENGINEERING MANAGER	50.00	Highest	$147,466	$107,299	$254,765
PHILIP HECKETHORN	SENIOR FOREMAN LINEMAN	45.00	Highest	$143,427	$107,044	$250,471
JASON MCNUTT	LINEMAN	46.00	Highest	$142,532	$102,744	$245,276

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	$42,658,040	$42,727,825	$63,550,937	$-69,785
2022	$41,416,487	$41,577,806	$62,568,313	$-161,319
2021	$39,954,685	$39,895,465	$62,442,226	$59,220
2020	$40,193,377	$40,570,308	$60,003,442	$-376,931
2019	$37,892,338	$38,269,269	$60,236,204	$-376,931
2018	$35,949,298	$36,326,229	$52,150,345	$-376,931