Jo-Carroll Energy Inc (NFP) (EIN 361284865) - 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

1939

Legal Domicile

Phone

8158582207

Tax Period

2023-01-01 to 2023-12-31

Jo-Carroll Energy Inc (NFP), founded in 1939, is a mid-sized nonprofit that reported $66.1M in total revenue in fiscal year 2023.

Mission

JO-CARROLL ENERGY, INC. (NFP) IS AN ELECTRIC, NATURAL GAS, AND BROADBAND/FIBER DISTRIBUTION COOPERATIVE THAT EXISTS TO ENHANCE THE QUALITY OF LIFE FOR OUR MEMEBERS.

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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 $65,472,930

Investment Income $234,484

Other Revenue $403,052

TOTAL REVENUE $66,110,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,344,501

Fundraising Expenses $0

Program Expenses $0

Other Expenses $47,995,767

TOTAL EXPENSES $65,931,967

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,110,466	$66,042,694	+0.0%
Expenses	$65,931,967	$66,631,163	0.0%
Net Income	$178,499	$-588,469	-1.3%

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

130

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

$935,520

Total Directors

$149,380

Key Employees

$603,528

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIRMAN	14.0	Officer Director	$22,590	$0	$22,590
N/A	SECRETARY	7.0	Officer Director	$6,715	$0	$6,715
N/A	TREASURER	9.0	Officer Director	$12,715	$0	$12,715
N/A	VICE CHAIRMAN	7.0	Officer Director	$13,900	$0	$13,900
N/A	DIRECTOR	7.0	Director	$6,350	$0	$6,350
N/A	DIRECTOR	8.0	Director	$14,295	$0	$14,295
N/A	DIRECTOR	10.0	Director	$12,870	$0	$12,870
N/A	DIRECTOR	7.0	Director	$12,320	$0	$12,320
N/A	DIRECTOR	8.0	Director	$21,405	$0	$21,405
N/A	DIRECTOR	7.0	Director	$14,295	$0	$14,295
N/A	DIRECTOR	6.0	Director	$11,925	$0	$11,925
N/A	VICE PRESIDENT & CFO	40.0	Officer	$196,796	$117,740	$314,536
N/A	PRESIDENT & CEO	40.0	Officer	$362,590	$202,474	$565,064
N/A	DIRECTOR OF ENGINEERING	40.0	Key Emp	$170,938	$96,330	$267,268
N/A	SR. VP & COO	40.0	Key Emp	$210,558	$125,702	$336,260
N/A	DIRECTOR OF UTILITY OPERATIONS	40.0	Highest	$170,080	$27,687	$197,767
N/A	VP OF MEMBER SERVICES	40.0	Highest	$155,794	$74,073	$229,867
N/A	DIRECTOR OF BROADBAND OPERATIONS	40.0	Highest	$140,554	$79,384	$219,938
N/A	VP OF HUMAN RESOURCES	40.0	Highest	$158,646	$85,111	$243,757
N/A	LINE FOREMAN	40.0	Highest	$161,749	$91,185	$252,934

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	$66,110,466	$65,931,967	$189,072,042	$178,499
2022	$66,042,694	$66,631,163	$166,773,401	$-588,469
2021	$62,457,846	$63,134,467	$155,735,494	$-676,621
2020	$60,957,486	$61,629,658	$149,104,587	$-672,172
2019	$62,280,134	$62,782,351	$150,986,166	$-502,217
2018	$61,113,191	$61,810,017	$154,482,531	$-696,826

Jo-Carroll Energy Inc (NFP)