ORCAS POWER & LIGHT COOPERATIVE

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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

1937

Legal Domicile

Principal Officer

J FOSTER HILDRETH

Phone

3603763500

Tax Period

2024-01-01 to 2024-12-31

ORCAS POWER & LIGHT COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $40.9M in total revenue in fiscal year 2024.

Mission

THE COOPERATIVE SERVES ITS MEMBERS WITH SAFE, RELIABLE, COST EFFECTIVE, AND ENVIRONMENTALLY SENSITIVE UTILITY SERVICES.

Program Service Accomplishments

Program 1

SALE OF ELECTRICAL SERVICE TO MEMBERS WHICH INCLUDES AN ENERGY CONSERVATION PROGRAM.

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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 $59,706

Program Service Revenue $39,639,094

Investment Income $774,283

Other Revenue $377,863

TOTAL REVENUE $40,850,946

Expense Breakdown

Grants Paid $200

Salaries & Benefits $3,403,592

Fundraising Expenses $0

Other Expenses $30,647,694

TOTAL EXPENSES $40,775,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$40,850,946	$39,416,329	+0.0%
Expenses	$40,775,978	$37,571,378	+0.1%
Net Income	$74,968	$1,844,951	-1.0%

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

$1,194,114

Total Directors

$108,043

Key Employees

$320,531

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SILVERSTEIN	DIRECTOR	3.00	Director	$5,663	$0	$5,663
CHUKWUMA ONWUNEME	DIRECTOR	2.00	Director	$2,775	$0	$2,775
JEFFREY STRUTHERS	DIRECTOR (THRU 04/24)	3.00	Director	$3,897	$0	$3,897
MARK MADSEN	DIRECTOR	2.00	Director	$20,343	$0	$20,343
OLIVER WHITFIELD	BOARD VP	3.00	Officer Director	$7,552	$0	$7,552
THOMAS OSTERMAN	BOARD SECRETARY	5.00	Officer Director	$34,471	$0	$34,471
VINCENT DAUCIUNAS	BOARD PRESIDENT	10.00	Officer Director	$32,217	$0	$32,217
WENDY HIESTER	DIRECTOR	4.00	Director	$1,125	$0	$1,125
NANCY LOOMIS	MANAGER OF FINANCE & MEMBER SERVICES	40.00	Officer	$209,322	$118,852	$328,174
J FOSTER HILDRETH	GENERAL MANAGER	40.00	Officer	$380,309	$270,040	$791,700
RUSSELL GUERRY	MANAGER OF ENGINEERING & OPERATIONS	40.00	Key Emp	$236,660	$83,871	$320,531
CURTIS OLSON	JOURNEYMAN/LINEMAN	54.00	Highest	$202,978	$59,581	$262,559
KAI BURLESON	SUBSTATION MAINTENANCE TECHNICIAN	55.50	Highest	$205,498	$52,017	$257,515
SEAN PARSONS	SUBSTATION MAINTENANCE TECHNICIAN	54.70	Highest	$207,575	$54,998	$262,573
BRIAN SWANSON	FOREMAN	53.00	Highest	$203,361	$68,061	$271,422
DAN WATTERS	FOREMAN	54.60	Highest	$208,754	$57,049	$265,803

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	$40,850,946	$40,775,978	$148,515,746	$74,968
2023	$39,416,329	$37,571,378	$131,163,828	$1,844,951
2022	$36,286,957	$36,369,556	$117,910,776	$-82,599
2021	$35,371,006	$35,802,437	$113,042,035	$-431,431
2020	$31,088,422	$32,473,333	$110,992,570	$-1,384,911
2019	$29,528,689	$31,370,365	$100,903,565	$-1,841,676
2018	$27,190,537	$29,691,589	$98,914,957	$-2,501,052
2017	$25,764,382	$28,316,387	$96,707,676	$-2,552,005