COOS-CURRY ELECTRIC COOPERATIVE INC (EIN 930146827) - 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

1939

Legal Domicile

Principal Officer

BRENT BISCHOFF

Phone

5413323931

Tax Period

2024-01-01 to 2024-12-31

COOS-CURRY ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $43.1M in total revenue in fiscal year 2024. Expenses of $41.8M left a modest 3% surplus.

Mission

DISTRIBUTION AND SALE OF ELECTRIC ENERGY TO ITS MEMBERS LOCATED IN SUBSTANTIALLY ALL OF CURRY COUNTY, OREGON & PORTIONS OF COOS COUNTY & DOUGLAS COUNTY, OREGON. REVENUES ARE SUBSTANTIALLY DERIVED FROM THE COOPERATIVE'S RESIDENTIAL, COMMERCIAL AND INDUSTRIAL 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 $41,647,004

Investment Income $1,313,016

Other Revenue $138,988

TOTAL REVENUE $43,099,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,856,608

Fundraising Expenses $0

Other Expenses $38,792,905

TOTAL EXPENSES $41,754,279

Year-over-Year Comparison

	2024	2023	Change
Revenue	$43,099,008	$41,590,254	+0.0%
Expenses	$41,754,279	$40,140,913	+0.0%
Net Income	$1,344,729	$1,449,341	-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

$912,540

Total Directors

$35,825

Key Employees

$922,692

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM KOLEN	PRESIDENT	13.08	Officer Director	$4,350	$0	$4,350
GEORGIA COCKERHAM	DIRECTOR	2.69	Director	$3,850	$0	$3,850
JOHN HERZOG	SECRETARY/TREASURER	8.60	Officer Director	$5,600	$0	$5,600
PETER C RADABAUGH	DIRECTOR	7.90	Director	$7,525	$0	$7,525
DARYL ROBISON	DIRECTOR	6.96	Director	$4,400	$0	$4,400
DANIEL LOSHBAUGH	DIRECTOR	7.69	Director	$5,600	$0	$5,600
CHERYL MCMAHAN	VICE PRESIDENT	6.35	Officer Director	$4,500	$0	$4,500
BRENT BISCHOFF	CEO/GENERAL MANAGER	52.00	Officer	$308,403	$83,914	$392,317
DANIEL SPRINGER	CIO	41.00	Officer	$191,779	$55,157	$246,936
PAUL KEELER	CFO	53.00	Officer	$202,469	$56,368	$258,837
MATTHEW MJELDE	ENGINEERING MANAGER	43.00	Key Emp	$209,939	$118,992	$328,931
SCOTT ADAMS	OPERATIONS MANAGER	45.00	Key Emp	$201,594	$144,594	$346,188
KEITH BUCHHALTER	MARKETING & MEMBER SERVICES MANAGER	43.00	Key Emp	$194,331	$53,242	$247,573
SCOTT ELLIOTT	LINE FOREMAN	74.00	Highest	$246,416	$67,346	$313,762
SHANE JOHNSON	LINE FOREMAN	66.00	Highest	$209,829	$77,205	$287,034
ANDREW WEBER	LINE FOREMAN	64.00	Highest	$199,729	$68,671	$268,400
GARY VEACH	LINE FOREMAN	61.00	Highest	$190,923	$106,378	$297,301
MITCHELL MCDONALD	JOURNEYMAN LINEMAN	59.00	Highest	$176,661	$68,450	$245,111

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	$43,099,008	$41,754,279	$127,573,285	$1,344,729
2023	$41,590,254	$40,140,913	$122,494,350	$1,449,341
2022	$41,571,819	$40,603,844	$119,647,527	$967,975
2021	$40,713,862	$39,899,833	$114,567,418	$814,029
2020	$39,008,397	$39,008,397	$107,037,676	No data
2019	$38,545,922	$38,545,922	$106,840,089	No data
2018	$38,053,318	$38,053,318	$106,012,066	No data

COOS-CURRY ELECTRIC COOPERATIVE INC