CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION (EIN 420165440) - 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

1936

Legal Domicile

Principal Officer

KEATON HILDRETH

Phone

7122977112

Tax Period

2024-01-01 to 2024-12-31

CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION, founded in 1936, is a community nonprofit that reported $6.2M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $5.9M left a modest 4% surplus.

Mission

TO PROVIDE ELECTRICITY TO OUR MEMBERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,161,714

Investment Income $15,473

Other Revenue $0

TOTAL REVENUE $6,177,187

Expense Breakdown

Grants Paid $2,049

Salaries & Benefits $1,081,341

Fundraising Expenses $0

Other Expenses $4,534,906

TOTAL EXPENSES $5,918,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,177,187	$6,722,779	-0.1%
Expenses	$5,918,296	$6,190,170	0.0%
Net Income	$258,891	$532,609	-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

$169,575

Total Directors

$30,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MILLER	PRESIDENT	8.00	Officer Director	$4,500	$0	$4,500
STEVE BOEDECKER	VICE PRESIDENT	8.00	Officer Director	$5,513	$0	$5,513
JASON MCKENNEY	SECRETARY	5.00	Officer Director	$4,050	$0	$4,050
RON HANSON	DIRECTOR (UNTIL AUG 2024)	2.00	Director	$2,925	$0	$2,925
DUANE BESCHOERNER	TREASURER	3.00	Officer Director	$4,725	$0	$4,725
DARCY MAULSBY	DIRECTOR	3.00	Director	$4,050	$0	$4,050
JOE PARKER	DIRECTOR	2.00	Director	$3,038	$0	$3,038
STEVE PELZ	DIRECTOR (BEG SEPT 2024)	1.00	Director	$1,350	$0	$1,350
KEATON HILDRETH	CEO	47.00	Officer	$118,455	$32,332	$150,787
BRET MCALISTER	LINE SUPERINTENDENT	43.00	Highest	$113,907	$34,011	$147,918
REID GALLOWAY	LINE FOREMAN	43.00	Highest	$109,931	$22,316	$132,247

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	$6,177,187	$5,918,296	$22,532,620	$258,891
2023	$6,722,779	$6,190,170	$21,920,496	$532,609
2022	$6,396,337	$5,956,736	$19,710,048	$439,601
2021	$6,020,801	$5,812,802	$18,581,688	$207,999
2020	$5,934,201	$5,694,517	$17,970,678	$239,684
2019	$6,107,387	$5,887,314	$17,650,349	$220,073
2018	$6,209,966	$5,729,698	$16,786,658	$480,268

CALHOUN COUNTY ELECTRIC COOPERATIVE ASSOCIATION