LANE ELECTRIC COOPERATIVE INC

EIN: 930209125

Eugene, OR

Total Revenue
$29,485,746
Total Expenses
$29,192,513
Total Assets
$99,187,111
Net Assets
$40,041,904
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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
OR
Principal Officer
Scott Coe
Phone
5414841151
Tax Period
2024-01-01 to 2024-12-31

LANE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $29.5M in total revenue in fiscal year 2024.

Mission

Provide Electric Service to Approximately 10,000 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $29,192,513
Investment Income $74,835
Other Revenue $218,398
TOTAL REVENUE $29,485,746

Expense Breakdown

Grants Paid $20,500
Salaries & Benefits $2,377,154
Fundraising Expenses $0
Program Expenses $29,192,513
Other Expenses $25,311,669
TOTAL EXPENSES $29,192,513

Year-over-Year Comparison

2024 2023 Change
Revenue $29,485,746 $28,802,287 +0.0%
Expenses $29,192,513 $28,636,397 +0.0%
Net Income $293,233 $165,890 +0.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
49
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
6
$730,067
Total Directors
8
$121,725
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debora Wilson General Manager 45
Officer
$296,139 $111,026 $407,165
Jeffrey Dau Line Foreman 55
Highest
$251,945 $76,925 $328,870
Travis Larsen Foreman 53
Highest
$234,269 $85,306 $319,575
Brian Mattie Serviceman 51
Highest
$224,695 $81,600 $306,295
Myles Rodakowski Foreman 50
Highest
$220,297 $85,311 $305,608
Herb Anderson Serviceman 52
Highest
$231,202 $73,914 $305,116
Karl Ramsey Manager, Finance and Administration 40
Officer
$199,639 $46,538 $246,177
Susan Knudsen Obermeyer Secretary 15
Officer Director
$22,125 $0 $22,125
Chris Seubert Treasurer 12
Officer Director
$20,675 $0 $20,675
Jeanette I Kessler Director 28
Director
$19,200 $0 $19,200
Kris Martes President 10
Officer Director
$18,925 $0 $18,925
Kathy Keable Director 13
Director
$18,100 $0 $18,100
Dean Livelybrooks Vice-President 8
Officer Director
$15,000 $0 $15,000
James Martini Director 6
Director
$6,900 $0 $6,900
Paula Brown Director 6
Director
$800 $0 $800
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
2025 No data No data No data No data
2024 $29,485,746 $29,192,513 $99,187,111 $293,233
2023 $28,802,287 $28,636,397 $89,131,436 $165,890
2022 $29,293,150 $28,985,238 $84,464,864 $307,912
2021 $28,132,650 $27,852,334 $79,862,417 $280,316
2020 $27,715,478 $27,406,733 $79,399,349 $308,745
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