Civic Intelligence

North Western Electric

EIN 34-4317160 • 501(c)12 • Bryan, OH

Profile

Provide electricity to approximately 6,057 rural member customers.

4125 State Route 576Bryan, OH 43506

www.nwec.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.54x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

42nd percentile

1.25x

Higher debt load relative to revenue than 42% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Net Margin

34th percentile

0.0%

Higher net margin than 34% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$316,240

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

501(c)12 • $25M-$50M nonprofits • Source year 2024

Asset Growth

46th percentile

3.3%

Faster asset growth than 46% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

79th percentile

12%

Faster revenue growth than 79% of similar nonprofits.

501(c)12 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$46,475,249

Up $1,463,102 (+3.3%) from 2023

Liabilities

Up

$25,288,565

Up $634,840 (+2.6%) from 2023

Net Assets

Up

$21,186,684

Up $828,262 (+4.1%) from 2023

Revenue

Up

$20,170,881

Up $2,189,281 (+12%) from 2023

Expenses

Up

$20,170,881

Up $2,189,281 (+12%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $26,752,090Liabilities 2011: $14,129,617Net Assets 2011: $12,622,4732011Assets 2012: $27,186,390Liabilities 2012: $14,064,295Net Assets 2012: $13,122,0952012Assets 2013: $28,675,263Liabilities 2013: $14,865,485Net Assets 2013: $13,809,7782013Assets 2014: $29,014,543Liabilities 2014: $14,492,426Net Assets 2014: $14,522,1172014Assets 2015: $31,370,470Liabilities 2015: $16,102,519Net Assets 2015: $15,267,9512015Assets 2016: $33,147,566Liabilities 2016: $17,148,466Net Assets 2016: $15,999,1002016Assets 2017: $34,209,112Liabilities 2017: $17,357,698Net Assets 2017: $16,851,4142017Assets 2018: $36,290,054Liabilities 2018: $18,329,349Net Assets 2018: $17,960,7052018Assets 2019: $37,698,435Liabilities 2019: $19,956,896Net Assets 2019: $17,741,5392019Assets 2020: $39,713,846Liabilities 2020: $21,506,638Net Assets 2020: $18,207,2082020Assets 2021: $40,775,268Liabilities 2021: $21,725,524Net Assets 2021: $19,049,7442021Assets 2022: $42,606,185Liabilities 2022: $23,037,251Net Assets 2022: $19,568,9342022Assets 2023: $45,012,147Liabilities 2023: $24,653,725Net Assets 2023: $20,358,4222023Assets 2024: $46,475,249Liabilities 2024: $25,288,565Net Assets 2024: $21,186,6842024

Highlighted filing

2024

Assets$46,475,249
Liabilities$25,288,565
Net Assets$21,186,684

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0Expenses 2011: $11,713,2432011Expenses 2012: $12,095,6682012Revenue 2013: $14,197,035Expenses 2013: $12,385,929Net Income 2013: $1,811,1062013Revenue 2014: $14,768,561Expenses 2014: $14,768,561Net Income 2014: $02014Revenue 2015: $14,765,619Expenses 2015: $14,765,619Net Income 2015: $02015Revenue 2016: $14,655,685Expenses 2016: $14,655,685Net Income 2016: $02016Revenue 2017: $15,283,110Expenses 2017: $15,283,110Net Income 2017: $02017Revenue 2018: $16,514,737Expenses 2018: $16,514,737Net Income 2018: $02018Revenue 2019: $15,748,287Expenses 2019: $15,748,287Net Income 2019: $02019Revenue 2020: $16,179,777Expenses 2020: $16,179,777Net Income 2020: $02020Revenue 2021: $17,328,777Expenses 2021: $17,328,777Net Income 2021: $02021Revenue 2022: $17,903,212Expenses 2022: $17,903,212Net Income 2022: $02022Revenue 2023: $17,981,600Expenses 2023: $17,981,600Net Income 2023: $02023Revenue 2024: $20,170,881Expenses 2024: $20,170,881Net Income 2024: $02024

Highlighted filing

2024

Revenue$20,170,881
Expenses$20,170,881
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$46.5$25.3$21.2$20.2$20.2$0.00
2023Detailed filing. Detailed filing data is available for this year.$45.0$24.7$20.4$18.0$18.0$0.00
2022Detailed filing. Detailed filing data is available for this year.$42.6$23.0$19.6$17.9$17.9$0.00
2021Detailed filing. Detailed filing data is available for this year.$40.8$21.7$19.0$17.3$17.3$0.00
2020Detailed filing. Detailed filing data is available for this year.$39.7$21.5$18.2$16.2$16.2$0.00
2019Detailed filing. Detailed filing data is available for this year.$37.7$20.0$17.7$15.7$15.7$0.00
2018Detailed filing. Detailed filing data is available for this year.$36.3$18.3$18.0$16.5$16.5$0.00
2017Detailed filing. Detailed filing data is available for this year.$34.2$17.4$16.9$15.3$15.3$0.00
2016Detailed filing. Detailed filing data is available for this year.$33.1$17.1$16.0$14.7$14.7$0.00
2015Detailed filing. Detailed filing data is available for this year.$31.4$16.1$15.3$14.8$14.8$0.00
2014Detailed filing. Detailed filing data is available for this year.$29.0$14.5$14.5$14.8$14.8$0.00
2013Detailed filing. Detailed filing data is available for this year.$28.7$14.9$13.8$14.2$12.4$1.81
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.2$14.1$13.1$12.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.8$14.1$12.6$11.7
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 8, 2025
Return Version
2024v5.0
Gross Receipts
$20,198,786
Mission and Program Overview

Mission

Provide electricity to approximately 5,900 rural member customers.

Provide electricity to approximately 5,262 rural member customers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,322,780$31,576,785▲ $2,254,005
Rtn Earn Endowment Incm Other Fnds$20,358,422$21,186,684▲ $828,262
Investments Program Related$9,337,968$8,847,479▼ $490,489
Accounts Receivable$2,804,651$3,277,255▲ $472,604
Other Notes and Loans Receivable, Net$1,720,655$1,623,762▼ $96,893
Inventories for Sale or Use$652,952$671,699▲ $18,747
Cash and Non-Interest-Bearing Accounts$828,908$197,981▼ $630,927
Prepaid Expenses and Deferred Charges$107,416$106,586▼ $830
Total Assets$45,012,147$46,475,249▲ $1,463,102
Other Assets Total$236,817$173,702▼ $63,115
Liabilities
Mortgage Notes Payable Secured by Investment Property$21,490,889$22,563,148▲ $1,072,259
Accounts Payable and Accrued Expenses$1,582,826$1,369,836▼ $212,990
Other Liabilities$1,580,010$1,355,581▼ $224,429
Total Liabilities$24,653,725$25,288,565▲ $634,840
Net Assets / Fund Balance
Total Net Assets Fund Balance$20,358,422$21,186,684▲ $828,262
Total Liabilities and Net Assets / Fund Balance$45,012,147$46,475,249▲ $1,463,102

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$31,363,763$15,729,060$47,092,823
Buildings$29,443$1,108,526$1,137,969
Land$183,579-$183,579
Investment Program Related Org$56,033--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Darin ThorpPresidentFT$234,852$81,388$316,240
Andrew OvermanChief FinancFT$128,817$73,150$201,967
Andrew OvermanChief Financial Ofr-$128,817$73,150$201,967
Bobby CarterDirctor of OFT$110,570$67,095$177,665
Bobby CarterDirctor of Operation-$110,570$67,095$177,665
Bradley PlummerJourneyman LFT$110,689$56,889$167,578
Bradley PlummerJourneyman Lineman-$110,689$56,889$167,578
Chad LivenspargerJourneyman LFT$108,565$56,607$165,172
Chad LivenspargerJourneyman Lineman-$108,565$56,607$165,172
Thomas ClarkCrew ChiefFT$103,989$60,384$164,373
Kim ShoupChairman-$15,050-$15,050
Mitch HeadleySecretary-$14,725-$14,725
Keith StarkTrustee-$14,000-$14,000
Ryan WehriVice-chairma-$13,825-$13,825
Chris OberlinTrustee-$12,850-$12,850
Richard PolterTrustee-$11,000-$11,000
Jordan RufferTrustee-$5,000-$5,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Kent Power INCPlant Construct7800 CHILDSDALE AVE NE, Rockford, MI 49431$818,633
Saylor Tree Service & StumpRow Maint5040 STATE ROUTE 18, Hicksville, OH 43526$386,720
National Information SolutionsComputer SupporPO BOX 1147, Mandan, ND 58554$180,648
Power Systems EngineeringEngineering2424 RIMROCK RD SUITE 300, Madison, WI 53713$168,800
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$19,530,870
Investment Income
$540,808
Other Revenue
$99,203
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$17,112,627
Salaries, Compensation, and Employee Benefits$1,201,373
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Benefits to Members---$1,856,881
Depreciation Depletion---$1,347,295
Occupancy---$861,448
Interest---$670,113
Other Salaries and Wages---$630,422
Current Officers, Directors, Trustees, and Key Employees---$450,119
All Other Expenses---$442,880
Other Expenses---$257,316
Payroll Taxes---$120,832
Conferences and Meetings---$63,062
Insurance---$56,656
Fees for Services Accounting---$35,340
Advertising---$31,378
Fees for Services Legal---$12,183
Total Functional Expenses$0$0$0$20,170,881
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Property Taxes$698,238
Accrued Payroll & Benefits$503,235
Accrued Sales & County Tax$97,124
Customer Deposits$39,620
Accrued Interest$9,029
Tax Collections Payable$8,335
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

MEMBERS

Form 990, Page 6, Part VI, Line 7A

The board of trustees is nominated and elected by the membership at the annual meeting.

Form 990, Page 6, Part VI, Line 7B

The board of trustees are elected from the membership by the members. Membership approval is required for the cooperative to sell, lease, mortgage or dispose of all or substantially all its property, not withstanding the right of the trustees to borrow money as deemed appropriate by the board of trustees. Member approval is required to alter, amend or repeal the code of regulations.

Form 990, Page 6, Part VI, Line 11B

A copy of form 990 is provided to the board prior to filing. At the next regularly scheduled board meeting, the director of finance reviews the form with the board of trustees.

Form 990, Page 6, Part VI, Line 12C

The company reviews compliance on an annual basis and requires a written and signed statement from individuals regarding compliance.

Form 990, Page 6, Part VI, Line 15A

Compensation is reviewed and established annually by the trustees and is commensurate with the median compensation paid to similarly situated executives or peer companies.

Form 990, Page 6, Part VI, Line 19

The organizations governing documents are available upon request.

Filing and Contact Details

Filer

Filer Name
North Western Electric
EIN
34-4317160
Phone
4196365051
Address
4125 STATE ROUTE 576, BRYAN, OH 43506

Signing Officer

Name
Darin Thorp
Title
President
Phone
4196365051
Signed
2025-07-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Darin Thorp
Formed
1936
Legal Domicile
Oh
Voting Board Members
7
Independent Board Members
7
Employees
21

Preparer

Firm
Bhm CPA Group Inc
Address
PO BOX 875, CIRCLEVILLE, OH 43113-0875
Preparer
Ryan C Hixenbaugh CPA
Phone
7404745210
Supplemental Narrative

Additional Explanations

Form 990

Part ix, line 4: benefits paid to members. The cooperative is interpreting the term 'benefits paid to members' to mean capital credits allocated or to be allocated to members from current year net margins.

Form 990, Part XI, Line 9

Allocated capital credits retained 1,856,881 capital credits retired -878,725 amortization of actuarial gain -5,919 reallocated patronage 28,835 nwop equity adjustment 0 total 1,001,072

Financial Statement Notes

Schedule D, Page 3, Part X

The company complies with accounting standards codification (asc) 740-10 related to uncertain tax positions. Asc 740-10 prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken on a tax return. Management is not aware of any tax positions taken by the company on its tax returns that they consider to be uncertain or that would jeopardize its tax exempt status. Tax returns for the years ended 2021, 2022 and 2023 are still open and subject to examination by the internal revenue service.

Raw XML AppendixShowing 400 of 498 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF FINANC
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IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE-CHAIRMA
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PATRONAGE-BUCKEYE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN NW OHIO PROPANE, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN BUCKEYE POWER
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NATIONAL RURAL UTILITIES CTCS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED PROPERTY TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED PAYROLL & BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED SALES & COUNTY TAX
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3CUSTOMER DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4ACCRUED INTEREST
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5TAX COLLECTIONS PAYABLE
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY COMPLIES WITH ACCOUNTING STANDARDS CODIFICATION (ASC) 740-10 RELATED TO UNCERTAIN TAX POSITIONS. ASC 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. MANAGEMENT IS NOT AWARE OF ANY TAX POSITIONS TAKEN BY THE COMPANY ON ITS TAX RETURNS THAT THEY CONSIDER TO BE UNCERTAIN OR THAT WOULD JEOPARDIZE ITS TAX EXEMPT STATUS. TAX RETURNS FOR THE YEARS ENDED 2021, 2022 AND 2023 ARE STILL OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DARIN THORP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ANDREW OVERMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2BOBBY CARTER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3BRADLEY PLUMMER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4CHAD LIVENSPARGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5THOMAS CLARK
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRCTOR OF OPERATION
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3JOURNEYMAN LINEMAN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4JOURNEYMAN LINEMAN
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