PEMISCOT-DUNKLIN ELECTRIC COOPERAT… - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

CHERYL HICKS

Phone

5737576641

Tax Period

2024-01-01 to 2024-12-31

PEMISCOT-DUNKLIN ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $28.4M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $25.2M left a modest 11% surplus.

Mission

DISTRIBUTION OF ELECTRICAL SERVICES TO ITS MEMBER OWNERS ON A PATRONAGE BASIS.

Program Service Accomplishments

Program 1

THE COOPERATIVE PROVIDES ELECTRICAL SERVICES TO AN AVERAGE OF 8,602 RESIDENTIAL FARM, AND BUSINESS CONSUMERS IN THE PEMISCOT, DUNKLIN, AND NEW MADRID COUNTIES IN SOUTHEAST MISSOURI.

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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 $23,406,212

Investment Income $-18,117

Other Revenue $4,996,068

TOTAL REVENUE $28,384,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,077,956

Fundraising Expenses $0

Other Expenses $21,105,887

TOTAL EXPENSES $25,183,843

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,384,163	$25,528,799	+0.1%
Expenses	$25,183,843	$22,597,877	+0.1%
Net Income	$3,200,320	$2,930,922	+0.1%

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

$487,973

Total Directors

$205,351

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUSTIN RONE	PRESIDENT	2.00	Officer Director	$8,500	$0	$8,500
BILL CUNNINGHAM	SECRETARY/TREASURER	2.00	Officer Director	$24,677	$0	$24,677
BILLY KEITH JONES	VICE PRESIDENT	2.00	Officer Director	$25,000	$0	$25,000
RAY VAN CARVER	DIRECTOR	1.00	Director	$24,837	$0	$24,837
STEPHEN DROKE	DIRECTOR	1.00	Director	$25,000	$0	$25,000
GREG GIBSON	DIRECTOR	1.00	Director	$25,000	$0	$25,000
DANNY GLASS	DIRECTOR	1.00	Director	$25,000	$0	$25,000
GREG HARRIS	DIRECTOR	1.00	Director	$25,000	$0	$25,000
STEVEN WORRELL	DIRECTOR	1.00	Director	$22,337	$0	$22,337
JAMIE VAUGHN	GENERAL MANAGER	40.00	Officer	$169,610	$98,941	$268,551
CHERYL HICKS	CFO	40.00	Officer	$115,060	$46,185	$161,245
JACK DAVIS	FIBER GENERAL MANAGER	40.00	Highest	$158,363	$72,239	$230,602
RUSTY MOORE	LINE SUPERVISOR	40.00	Highest	$122,259	$69,003	$191,262
JONATHON PERCIFUL	LINEMAN	40.00	Highest	$123,525	$31,433	$154,958
REX MCELWRATH	LINE SUPERVISOR	40.00	Highest	$127,798	$35,797	$163,595
JOHN JACKSON	LINEMAN	40.00	Highest	$123,294	$33,907	$157,201

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	$28,384,163	$25,183,843	$114,394,180	$3,200,320
2023	$25,528,799	$22,597,877	$103,601,586	$2,930,922
2022	$22,032,843	$22,032,843	$99,830,106	No data
2021	$21,619,258	$21,619,258	$98,844,408	No data
2020	$20,528,127	$20,528,127	$92,182,279	No data

PEMISCOT-DUNKLIN ELECTRIC COOPERATIVE INC