Okanogan County Electric Cooperative (EIN 910344665) - 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

1940

Legal Domicile

Principal Officer

Greg Mendonca

Phone

5099962228

Tax Period

2023-01-01 to 2023-12-31

Okanogan County Electric Cooperative, founded in 1940, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2023.

Mission

To build and maintain an electric distribution system and to distribute electrical energy to its members within its service territory.

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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 $6,780,485

Investment Income $75,356

Other Revenue $59,522

TOTAL REVENUE $6,915,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,794,152

Fundraising Expenses $0

Other Expenses $4,646,600

TOTAL EXPENSES $6,766,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,915,363	$6,956,997	0.0%
Expenses	$6,766,417	$6,788,584	0.0%
Net Income	$148,946	$168,413	-0.1%

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

$481,384

Total Directors

$10,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Greg Mendonca	General Manager	40.00	Officer	$250,463	$69,954	$320,417
Chris Zahn	Line Foreman	45.00		$164,886	$47,940	$212,826
Glenn Huber	Operations Manager	40.00		$149,998	$51,476	$201,474
Uriel Medrano	Lineman	43.00		$136,386	$43,688	$180,074
Robert Faulkner	Serviceman	43.00		$143,812	$29,622	$173,434
William Devin	Lineman	44.00		$141,070	$23,679	$164,749
Tracy McCabe	Mgr of Fin/Adm	40.00	Officer	$118,695	$37,447	$156,142
Dale Sekijima	President	2.00	Officer Director	$2,000	$0	$2,000
John Rogers	Director	2.00	Director	$1,950	$0	$1,950
Charles 'Rick' Johnson	Director	2.00	Director	$1,550	$0	$1,550
Travis Thornton	Director	2.00	Director	$1,450	$0	$1,450
Alan Watson	Sec/Treas	2.00	Officer Director	$1,450	$0	$1,450
Michael Murray	Vice President	2.00	Officer Director	$1,375	$0	$1,375
Alaina Burtenshaw	Director	2.00	Director	$1,075	$0	$1,075

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	$6,915,363	$6,766,417	$16,812,446	$148,946
2022	$6,956,997	$6,788,584	$16,283,645	$168,413
2021	$6,466,621	$6,330,210	$15,033,526	$136,411
2020	$6,167,736	$6,033,127	$14,402,286	$134,609
2019	$5,992,823	$5,881,169	$14,038,281	$111,654
2018	$5,662,769	$5,556,561	$13,478,995	$106,208

Okanogan County Electric Cooperative