EnerStar Electric Cooperative

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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

Angela Griffin

Phone

8006354145

Tax Period

2025-01-01 to 2025-12-31

EnerStar Electric Cooperative, founded in 1938, is a mid-sized nonprofit that reported $16.1M in total revenue in fiscal year 2025. Expenses of $14.5M left a modest 10% surplus.

Mission

EnerStar Electric Cooperative exists to reliably distribute affordable electricity to our member-owners while upholding our values of integrity, accountability, and commitment to our community.

Program Service Accomplishments

Program 1

Expenses: $14,470,546 Revenue: $15,597,373

Cost of wholesale power purchase and delivery for resale to approximately 5,294 member-owners.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,048,069

Investment Income $407,720

Other Revenue $601,631

TOTAL REVENUE $16,057,420

Expense Breakdown

Grants Paid $17,761

Salaries & Benefits $854,601

Fundraising Expenses $0

Program Expenses $14,470,546

Other Expenses $13,003,406

TOTAL EXPENSES $14,512,638

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,057,420	$15,488,084	+0.0%
Expenses	$14,512,638	$12,612,482	+0.2%
Net Income	$1,544,782	$2,875,602	-0.5%

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

$290,626

Total Directors

$52,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Clayton Daniel Gard Jr	Board Member	2.91	Officer Director	$4,900	$0	$4,900
Jeff Zimmerman	Vice Chairman	2.44	Officer Director	$5,350	$0	$5,350
Greg Robinson	Secretary/Treasurer	1.46	Officer Director	$4,800	$0	$4,800
Thomas Jeffrey Murphy	Chairman	1.18	Officer Director	$5,750	$0	$5,750
Kevin Julian	Board Member	3.70	Director	$6,300	$0	$6,300
Julie Higginbotham	Assistant Secretary/Treasurer	2.31	Director	$7,125	$0	$7,125
Jonathon Thad Martin	Board Member	1.13	Director	$4,900	$0	$4,900
Granville Colvin	Board Member	4.57	Director	$8,275	$0	$8,275
Darin Griffin	Board Member	0.69	Director	$4,875	$0	$4,875
Angela Griffin	CEO	40.00	Officer	$176,797	$93,029	$269,826
Kira Taylor	CFO	40.00	Highest	$119,515	$72,697	$192,212
Greg Hollingsworth	Manager of Engineering & O	40.00	Highest	$167,120	$87,506	$254,626
Kim Stewart	COO	40.00	Highest	$122,611	$85,530	$208,141
Russell Camp	CONSTRUCTION FOREMAN	47.00	Highest	$155,897	$66,729	$222,626
Scott Newlin	LINEMAN	48.00	Highest	$141,732	$62,517	$204,249
Chad Cornwell	Maintenance Crew Leader	45.00	Highest	$139,066	$66,322	$205,388

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
2025	$16,057,420	$14,512,638	$45,600,577	$1,544,782
2024	$15,488,084	$12,612,482	$43,762,877	$2,875,602
2023	$14,129,258	$13,095,137	$41,663,479	$1,034,121
2022	$13,373,853	$12,766,974	$41,207,880	$606,879
2021	$14,188,371	$12,463,242	$41,006,547	$1,725,129
2020	$13,032,755	$12,035,675	$40,051,203	$997,080
2019	$13,270,696	$12,606,589	$39,131,683	$664,107
2018	$12,914,104	$13,021,829	$38,178,308	$-107,725