Tri-County Electric Cooperative Inc (EIN 370555013) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

Luke Johnson

Tax Period

2023-01-01 to 2023-12-31

Tri-County Electric Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $51.7M in total revenue in fiscal year 2023.

Mission

To safely provide our member-owners with reliable electric service, superior customer service and practical energy solutions, all at reasonable prices.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $51,497,822

Investment Income $171,339

Other Revenue $73,151

TOTAL REVENUE $51,742,312

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,513,883

Fundraising Expenses $0

Other Expenses $46,584,430

TOTAL EXPENSES $51,742,312

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,742,312	$49,138,057	+0.1%
Expenses	$51,742,312	$49,138,057	+0.1%
Net Income	$0	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$484,442

Total Directors

$39,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Luke Johnson	General Manager	45.00	Officer	$203,807	$129,257	$333,064
Brad Ahlers	Foreman	48.00	Highest	$143,763	$73,845	$217,608
Jeffrey C Hope	Foreman	49.00	Highest	$152,127	$54,491	$206,618
Shannon Davis	Serviceman	49.00	Highest	$149,565	$47,630	$197,195
Brannon Dasch	Foreman	49.00	Highest	$151,865	$34,737	$186,602
Christian Kinder	Serviceman	48.00	Highest	$144,048	$38,370	$182,418
Christine Harris	Supervisor of Accounting	43.00	Officer	$105,530	$45,848	$151,378
Phil Carson	Director	3.00	Director	$7,100	$0	$7,100
Michelle Barbee	Director	4.00	Director	$5,200	$0	$5,200
Larry Manning	Director	1.00	Director	$4,500	$0	$4,500
Sam Phillips	Director	1.00	Director	$4,200	$0	$4,200
Tom Beyers	Director	2.00	Director	$3,900	$0	$3,900
Kathy Withers	Director	1.00	Director	$3,900	$0	$3,900
Donnie Laird	Director	1.00	Director	$3,900	$0	$3,900
Jordan Brink	Director	1.00	Director	$3,300	$0	$3,300
Doug Knolhoff	Director	1.00	Director	$3,000	$0	$3,000

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	$51,742,312	$51,742,312	$141,174,891	No data
2022	$49,138,057	$49,138,057	$137,759,807	No data
2021	$48,522,537	$48,522,537	$133,948,921	No data
2020	$48,910,896	$48,910,896	$132,000,357	No data
2019	$51,561,634	$51,561,634	$126,303,412	No data
2018	$53,455,486	$53,455,486	$123,233,147	No data

Tri-County Electric Cooperative Inc