LOGAN COUNTY COOPERATIVE POWER AND LIGHT ASSOCIATION INC (EIN 344291370) - 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

1936

Legal Domicile

Principal Officer

TIMOTHY STREET

Phone

9375924781

Tax Period

2023-01-01 to 2023-12-31

LOGAN COUNTY COOPERATIVE POWER AND LIGHT ASSOCIATION INC, founded in 1936, is a community nonprofit that reported $7.1M in total revenue in fiscal year 2023. Net assets of $23.6M represent 40 months of operating reserves.

Mission

WORKING FROM OUR HEADQUARTERS NEAR BELLEFONTAINE, OH , LOGAN COUNTY ELECTRIC COOPERATIVE PROVIDES ELECTRIC ENERGY TO MORE THAN 4,800 HOMES AND BUSINESSES IN LOGAN, HARDIN, AND SHELBY COUNTIES.

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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 $0

Program Service Revenue $0

Investment Income $29,130

Other Revenue $7,071,116

TOTAL REVENUE $7,100,246

Expense Breakdown

Grants Paid $6,945

Salaries & Benefits $2,481,541

Fundraising Expenses $0

Other Expenses $3,372,524

TOTAL EXPENSES $7,100,246

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,100,246	$6,746,775	+0.1%
Expenses	$7,100,246	$6,746,775	+0.1%
Net Income	$0	$0	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

$714,827

Total Directors

$72,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN TAYLOR	TRUSTEE	7.00	Director	$9,675	$0	$9,675
SCOTT HALL	CHAIRMAN/ TRUSTEE	10.00	Officer Director	$12,925	$0	$12,925
JERRY CLINE	TRUSTEE	2.00	Director	$9,350	$0	$9,350
JERRY P FRY	2ND VICE-CHAIRMAN/ TRUSTEE	4.00	Officer Director	$9,125	$0	$9,125
JAMES JIM RICE	TRUSTEE	2.00	Director	$10,400	$0	$10,400
JANET BLANK	1ST VICE-CHAIRMAN/TRUSTEE	10.00	Officer Director	$11,400	$0	$11,400
DAVID CAMPBELL	SECRETARY/TREASURER	6.00	Officer Director	$9,925	$0	$9,925
TIMOTHY STREET	PRESIDENT/ CEO	40.00	Officer	$177,132	$76,937	$254,069
RYAN M SMITH	VP OF OPERATIONS	40.00	Officer	$148,357	$66,143	$214,500
TIFFANY STONER	VP OF FINANCE AND ADMINISTRATION	40.00	Officer	$137,153	$65,730	$202,883
SCOTT ROACH	DIRECTOR OF ENGINEERING	40.00	Highest	$119,117	$59,946	$179,063
DANIEL ASHCRAFT	DIRECTOR OF OPERATIONS	40.00	Highest	$124,396	$61,635	$186,031
MICHAEL HICKENBOTTOM	JOURNEYMAN LINEMAN	40.00	Highest	$102,480	$47,683	$150,163
DAVID SALMONS	JOURNEYMAN LINEMAN	40.00	Highest	$107,755	$47,683	$155,438
MASON SHOEMAKER	JOURNEYMAN LINEMAN	40.00	Highest	$103,257	$54,445	$157,702
ARIC STOVER	JOURNEYMAN LINEMAN	40.00	Highest	$101,076	$54,688	$155,764
TODD WHITE	JOURNEYMAN LINEMAN	40.00	Highest	$107,341	$47,683	$155,024
MICHAEL MOOSE	JOURNEYMAN LINEMAN	40.00	Highest	$106,400	$47,659	$154,059
AARON NEWLAND	JOURNEYMAN LINEMAN	40.00	Highest	$103,613	$54,669	$158,282

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	$7,100,246	$7,100,246	$44,299,894	No data
2022	$6,746,775	$6,746,775	$43,538,543	No data
2021	$6,563,043	$6,563,043	$43,169,461	No data
2020	$6,566,466	$6,566,466	$41,578,031	No data
2019	$6,592,408	$6,592,408	$41,477,687	No data
2018	$7,097,235	$7,097,235	$40,733,445	No data

LOGAN COUNTY COOPERATIVE POWER AND LIGHT ASSOCIATION INC