Adams Rural Electric Cooperative Inc (EIN 314112933) - 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

Erika J Ackley

Phone

9375442305

Tax Period

2024-01-01 to 2024-12-31

Adams Rural Electric Cooperative Inc, founded in 1940, is a mid-sized nonprofit that reported $19.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

The cooperatives mission is to provide electric service to our members at the lowest possible cost.

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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 $19,858,380

Investment Income $45,331

Other Revenue $0

TOTAL REVENUE $19,903,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,251,198

Fundraising Expenses $0

Program Expenses $19,468,565

Other Expenses $15,982,156

TOTAL EXPENSES $19,468,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,903,711	$18,297,373	+0.1%
Expenses	$19,468,565	$17,059,314	+0.1%
Net Income	$435,146	$1,238,059	-0.6%

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

$256,376

Total Directors

$72,695

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Donald McCarty	President	5.19	Officer Director	$11,650	$6	$11,656
Charles Newman	Vice President	5.07	Officer Director	$9,750	$6	$9,756
Kenneth McCann	Secretary and Treasurer	4.62	Officer Director	$7,950	$6	$7,956
David Abbott	Trustee	1.53	Director	$6,000	$6	$6,006
Blanchard Campbell	Trustee	1.37	Director	$8,100	$3	$8,103
Milton Dale Grooms	Trustee	1.09	Director	$5,100	$2	$5,102
Stephen Huff	Trustee	4.15	Director	$10,900	$6	$10,906
William Seaman	Trustee	2.14	Director	$8,400	$4	$8,404
William Wylie	Trustee	1.55	Director	$4,800	$6	$4,806
Erika Ackley	General Manager	48.69	Officer	$158,284	$68,724	$227,008
Steve Hoop	Manager of Operations	42.54	Highest	$124,222	$108,777	$232,999
David Henry	Foreman	45.91	Highest	$121,654	$62,031	$183,685
Michael Whitley	Foreman	48.30	Highest	$131,254	$52,389	$183,643
Nathan Colvin	Lineman	47.36	Highest	$125,763	$30,595	$156,358
Cody Rigdon	Lineman	44.78	Highest	$114,428	$20,327	$134,755

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	$19,903,711	$19,468,565	$41,008,036	$435,146
2023	$18,297,373	$17,059,314	$40,601,363	$1,238,059
2022	$18,174,264	$17,133,285	$40,215,712	$1,040,979
2021	$17,363,278	$16,067,343	$40,089,293	$1,295,935
2020	$17,189,154	$15,847,442	$40,339,630	$1,341,712

Adams Rural Electric Cooperative Inc