ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE INC (EIN 420110380) - 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

HOLLEE MCCORMICK

Phone

5638647611

Tax Period

2023-01-01 to 2023-12-31

ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $24.3M in total revenue in fiscal year 2023.

Mission

PROVIDE SAFE, RELIABLE AND AFFORDABLE ELECTRIC SERVICES AND RELATED INNOVATIONS IN TECHNOLOGY.

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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 $24,189,247

Investment Income $124,619

Other Revenue $0

TOTAL REVENUE $24,313,866

Expense Breakdown

Grants Paid $14,433

Salaries & Benefits $4,425,890

Fundraising Expenses $0

Other Expenses $19,192,183

TOTAL EXPENSES $24,213,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,313,866	$23,456,102	+0.0%
Expenses	$24,213,866	$23,256,102	+0.0%
Net Income	$100,000	$200,000	-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

$358,279

Total Directors

$83,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY BRADLEY	PRESIDENT	5.90	Officer Director	$11,400	$0	$11,400
MICHAEL GIBBS	VICE PRESIDENT	3.90	Officer Director	$9,000	$0	$9,000
CYNTHIA HEFFERN	SECRETARY-TREASURER	6.20	Officer Director	$8,550	$0	$8,550
ROGER ARTHUR	DIRECTOR	4.20	Director	$7,500	$0	$7,500
NELSON CONVERSE	DIRECTOR	3.00	Director	$9,600	$0	$9,600
GREG FORMANEK	DIRECTOR	2.30	Director	$7,500	$0	$7,500
JERRY KELEHER	DIRECTOR	3.20	Director	$10,500	$0	$10,500
ALAN STEFFENS	DIRECTOR	4.10	Director	$10,200	$0	$10,200
BRICE WOOD	DIRECTOR	3.20	Director	$9,300	$0	$9,300
HOLLEE MCCORMICK	EXECUTIVE VP & GEN MANAGER	44.30	Officer	$155,469	$31,344	$186,813
DAVID DECKER	CFO	54.00	Officer	$128,351	$14,165	$142,516
JASON TROENDLE	DIRECTOR OF OPERATIONS	44.30	Highest	$111,639	$28,494	$140,133
JOSH ABBOTT	LEAD LINEMAN	47.10	Highest	$120,928	$30,797	$151,725
JACK REGAN	LINE CREW FOREMAN	43.40	Highest	$115,770	$4,159	$119,929
TIM BAUCH	LINE SUPERINTENDENT	42.40	Highest	$106,061	$25,755	$131,816
JASON DONNELLY	FIRST CLASS LINEMAN	43.00	Highest	$107,867	$2,905	$110,772

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	$24,313,866	$24,213,866	$73,004,351	$100,000
2022	$23,456,102	$23,256,102	$67,496,179	$200,000
2021	$21,615,739	$21,365,739	$67,719,661	$250,000
2020	$21,390,616	$21,390,616	$58,929,062	No data
2019	$21,368,686	$21,318,685	$56,719,707	$50,001
2018	$21,194,824	$21,094,824	$55,823,193	$100,000

ALLAMAKEE-CLAYTON ELECTRIC COOPERATIVE INC