WASCO ELECTRIC COOPERATIVE INC (EIN 930306737) - 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

MICHAEL COLLINS

Phone

5412962740

Tax Period

2024-01-01 to 2024-12-31

WASCO ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $14.0M in total revenue in fiscal year 2024.

Mission

Wasco Electric Cooperative provides our Members cost effective energy while maintaining the goals of Safety, Service, and Reliability.

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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 $13,889,723

Investment Income $137,116

Other Revenue $16,407

TOTAL REVENUE $14,043,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,108,540

Fundraising Expenses $0

Other Expenses $9,568,025

TOTAL EXPENSES $14,043,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,043,246	$14,093,524	0.0%
Expenses	$14,043,246	$14,093,524	0.0%
Net Income	$0	N/A	N/A

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

$532,131

Total Directors

$31,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY FOREPAUGH	GENERAL MANAGER	54.00	Officer	$236,200	$88,147	$324,347
PAUL TITUS	MANAGER OF ENGINEERING	44.00		$221,707	$85,849	$307,556
FRANK ROEDER	Line Foreman	48.00		$211,920	$68,372	$280,292
EDWARD GUY ANDERSEN	Serviceman	48.00		$212,191	$67,093	$279,284
GABRIEL RED CLOUD	Line Foreman	48.00		$202,077	$67,083	$269,160
VINCENT BONOTTO	Line Foreman	45.00		$189,998	$56,141	$246,139
BRUCE PALMER	Journeyman Lineman	49.00		$197,836	$26,300	$224,136
MACKENZIE CHUKWUYENUM	MGR OF FINANCE	48.00	Officer	$130,060	$64,324	$194,384
RONALD HOLMES	Director	8.40	Director	$6,950	$0	$6,950
MICHAEL COLLINS	President	8.30	Officer Director	$6,150	$0	$6,150
AL MITCHELL	Director	3.70	Director	$3,600	$0	$3,600
LISSA BIEHN	Secretary	4.20	Officer Director	$3,050	$0	$3,050
STACY EAKIN	Vice President	3.70	Officer Director	$2,900	$0	$2,900
JERRY DULING	Director	3.10	Director	$2,850	$0	$2,850
ROBERT HAMMEL	Director	3.20	Director	$2,300	$0	$2,300
JAMES MCNAMEE	Director	2.40	Director	$2,050	$0	$2,050
MATHEW CLAUSEN	Treasurer	2.60	Officer Director	$1,300	$0	$1,300
SHAWN SORENSEN	Director	0.10	Director	$200	$0	$200

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	$14,043,246	$14,043,246	$38,562,245	No data
2023	$14,093,524	$14,093,524	$36,564,494	No data
2022	$13,578,148	$13,578,148	$34,765,607	No data
2021	$13,089,823	$11,674,301	$33,431,100	$1,415,522
2020	$11,869,843	$11,148,959	$31,697,779	$720,884
2019	$11,966,327	$11,278,083	$31,560,948	$688,244
2018	$11,912,426	$10,712,456	$29,873,930	$1,199,970

WASCO ELECTRIC COOPERATIVE INC