2023 financial information

One of our seven cooperative principles

Economic Participation

As a co-op, PPEC is upfront and transparent with its member-owners about finances. Members contribute equitably to, and democratically control, the capital of their cooperative. At least part of that capital remains the common property of the co-op.

Members allocate surpluses for any or all of the following purposes: developing the cooperative, setting up reserves, benefiting members in proportion to their transactions with the cooperative, and supporting other activities approved by the membership.

Capital credits are retired each year based on each member’s patronage. This decision is made by the PPEC board of trustees, again, elected democratically by the membership.

***Please note these financial reports are pre-audit, due to printing time constraints. A complete copy of the audit report as presented by the firm of Bashore Reineck Stoller & Waterman, Inc., certified public accountants of Paulding, Ohio, is available for examination at the cooperative’s office during normal business hours.