Tri-County Electric Cooperative Inc (EIN 240744667) - 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

1937

Legal Domicile

Phone

5706622175

Tax Period

2023-01-01 to 2023-12-31

Tri-County Electric Cooperative Inc, founded in 1937, is a mid-sized nonprofit that reported $45.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

PROVISION OF ELECTRICITY, ON A COOPERATIVE BASIS, TO MEMBERS IN RURAL PENNSYLVANIA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,183,410

Program Service Revenue $42,960,669

Investment Income $1,364,518

Other Revenue $388,635

TOTAL REVENUE $45,897,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,183,150

Fundraising Expenses $0

Program Expenses $0

Other Expenses $42,520,679

TOTAL EXPENSES $44,807,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,897,232	$37,667,959	+0.2%
Expenses	$44,807,335	$37,886,794	+0.2%
Net Income	$1,089,897	$-218,835	-6.0%

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

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

$1,030,728

Total Directors

$234,560

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	1.0	Officer Director	$37,250	$0	$37,250
N/A	Secretary/Treasurer	1.0	Officer Director	$23,594	$0	$23,594
N/A	Vice Chairman	1.0	Officer Director	$21,294	$0	$21,294
N/A	PREA Director	1.0	Director	$19,515	$0	$19,515
N/A	Director	1.0	Director	$17,015	$0	$17,015
N/A	Director	1.0	Director	$23,531	$0	$23,531
N/A	Director	1.0	Director	$32,012	$0	$32,012
N/A	Allegheny Director	1.0	Director	$23,817	$0	$23,817
N/A	Director	1.0	Director	$11,504	$0	$11,504
N/A	Director	1.0	Director	$25,028	$0	$25,028
N/A	Co-CEO, Tri-County REC	40.0	Officer	$175,138	$97,986	$273,124
N/A	Director of Operations	40.0	Officer	$133,724	$77,625	$211,349
N/A	Director of Financial Services	40.0	Officer	$119,109	$72,856	$191,965
N/A	Co-CEO, Tri-County REC	40.0	Officer	$179,601	$92,551	$272,152
N/A	Chief Lineman	46.6	Highest	$129,327	$65,645	$194,972
N/A	JOURNEYMAN LINEMAN	47.0	Highest	$121,876	$45,028	$166,904
N/A	Journeyman Lineman	47.4	Highest	$124,056	$68,987	$193,043
N/A	Chief Lineman	47.9	Highest	$134,238	$70,531	$204,769
N/A	Chief Lineman	49.7	Highest	$141,871	$67,463	$209,334

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	No data	No data	No data	No data
2023	$45,897,232	$44,807,335	$197,183,997	$1,089,897
2022	$37,667,959	$37,886,794	$180,633,670	$-218,835
2021	$33,038,928	$33,744,150	$151,909,574	$-705,222
2020	$30,053,624	$30,878,037	$127,748,017	$-824,413
2019	$33,532,307	$31,551,874	$105,968,434	$1,980,433
2018	$18,286,090	$16,492,535	$99,583,395	$1,793,555

Tri-County Electric Cooperative Inc