Tri-County Electric Cooperative (EIN 430556071) - 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

1940

Legal Domicile

Principal Officer

Michael Scheib

Phone

6604573733

Tax Period

2024-01-01 to 2024-12-31

Tri-County Electric Cooperative, founded in 1940, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $15.8M left a modest 6% surplus.

Mission

To enhance the quality of life of member-owners by promoting a positive economic, political, social and regulatory environment

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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 $16,770,394

Investment Income $43,989

Other Revenue $0

TOTAL REVENUE $16,814,383

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $525,559

Fundraising Expenses $0

Program Expenses $15,839,663

Other Expenses $14,776,142

TOTAL EXPENSES $15,839,663

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,814,383	$15,288,600	+0.1%
Expenses	$15,839,663	$15,079,302	+0.1%
Net Income	$974,720	$209,298	+3.7%

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

$481,540

Total Directors

$68,346

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Scheib	General Manager	45.00	Officer	$207,726	$88,459	$296,185
Hunter Chase	Journeyman Lineman	47.00	Highest	$124,258	$27,043	$151,301
Denton Jones	Journeyman Lineman	50.00	Highest	$123,053	$15,723	$138,776
Richard Shaw Jr	Lead Lineman	45.00	Highest	$120,947	$59,700	$180,647
Cameron Kirmse	Journeyman Lineman	50.00	Highest	$118,471	$37,281	$155,752
Braxton Shaw	Journeyman Lineman	50.00	Highest	$117,187	$27,443	$144,630
Carla Mihalovich	Mgr of Finance & Accountin	45.00	Officer	$105,268	$60,421	$165,689
David Pulliam	Director	2.00	Director	$8,222	$0	$8,222
David Pilliam	Director	5.00	Director	$8,222	$0	$8,222
Kelley Church	President	5.00	Officer Director	$7,472	$0	$7,472
Joseph Sebolt	Director	3.00	Director	$7,116	$0	$7,116
Rex Winn	Director	2.00	Director	$6,722	$0	$6,722
Mark VanDolah	Director	4.00	Director	$6,454	$0	$6,454
Rusty Anders	Secretary	2.00	Officer Director	$6,222	$0	$6,222
Kenny McNamar	Director	3.00	Director	$6,222	$0	$6,222
William Triplett	Treasurer	2.00	Officer Director	$5,972	$0	$5,972
Doug Aylward	Director	2.00	Director	$5,722	$0	$5,722

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	$16,814,383	$15,839,663	$46,307,355	$974,720
2023	$15,288,600	$15,079,302	$44,814,405	$209,298
2022	$15,040,336	$14,083,497	$44,385,430	$956,839
2021	$14,224,922	$13,524,042	$42,817,850	$700,880
2020	$14,375,856	$13,557,987	$42,625,524	$817,869
2019	$13,826,985	$13,592,644	$41,616,345	$234,341
2018	$14,949,461	$13,562,892	$41,971,752	$1,386,569

Tri-County Electric Cooperative