COLES-MOULTRIE ELECTRIC COOPERATIVE (EIN 370223453) - 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

1938

Legal Domicile

Principal Officer

AMY C BORNTRAGER

Phone

2172350341

Tax Period

2023-01-01 to 2023-12-31

COLES-MOULTRIE ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $31.5M in total revenue in fiscal year 2023. Expenses of $29.7M left a modest 6% surplus.

Mission

PROVIDE RELIABLE ELECTRIC POWER & RELATED SERVICES TO OUR MEMBERS AT THE MOST AFFORDABLE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $30,273,395

Investment Income $45,680

Other Revenue $1,208,912

TOTAL REVENUE $31,527,987

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,903,068

Fundraising Expenses $0

Program Expenses $29,705,473

Other Expenses $27,802,405

TOTAL EXPENSES $29,705,473

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,527,987	$30,648,043	+0.0%
Expenses	$29,705,473	$27,783,259	+0.1%
Net Income	$1,822,514	$2,864,784	-0.4%

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

$242,716

Total Directors

$26,984

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENT METZGER	CHAIRMAN	2.09	Officer Director	$7,424	$0	$7,424
BILLY VOYLES	VICE CHAIRMAN	0.37	Officer Director	$2,220	$0	$2,220
ANDREW FEARN	SECRETARY	1.92	Officer Director	$5,000	$0	$5,000
THOMAS SHERMAN	TREASURER	1.76	Officer Director	$4,200	$0	$4,200
MIKE LOVE	DIRECTOR	0.83	Director	$3,330	$0	$3,330
COLT RODERICK	DIRECTOR	0.57	Director	$2,220	$0	$2,220
JEFFERY HUDSON	DIRECTOR	0.97	Director	$2,590	$0	$2,590
AMY BORNTRAGER	PRESIDENT/CEO	40.00	Officer	$171,204	$52,668	$223,872
JAMES WALLACE	DIRECTOR OF OPERATIONAL SERVICES	40.00	Highest	$145,814	$44,022	$189,836
MARCUS MCDOWELL	AREA SERVICEMAN	45.28	Highest	$138,252	$31,467	$169,719
JOHN PICKOWITZ	GENERAL FOREMAN	44.02	Highest	$135,603	$33,057	$168,660
MITCHELL STANCIU	LINE FOREMAN	45.00	Highest	$134,970	$31,893	$166,863
WILLIAM HONCHELL	DIRECTOR OF OPERATIONS	43.44	Highest	$130,312	$38,107	$168,419

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	$31,527,987	$29,705,473	$65,118,538	$1,822,514
2022	$30,648,043	$27,783,259	$64,138,037	$2,864,784
2021	$28,658,911	$26,781,991	$59,290,841	$1,876,920
2020	$28,085,027	$26,273,466	$60,918,931	$1,811,561
2019	$29,284,331	$28,488,398	$61,116,505	$795,933
2018	$30,120,000	$27,989,645	$58,978,808	$2,130,355

COLES-MOULTRIE ELECTRIC COOPERATIVE