Gascosage Electric Cooperative (EIN 430618625) - 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

1945

Legal Domicile

Phone

5737597146

Tax Period

2024-01-01 to 2024-12-31

Gascosage Electric Cooperative, founded in 1945, is a mid-sized nonprofit that reported $24.8M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PURCHASE, ACQUIRE AND ACCUMULATE ELECTRIC ENERGY FOR, AND TO TRANSMIT, DISTRIBUTE, FURNISH, SELL AND DISPOSE OF SUCH ENERGY TO 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 $25,141,048

Investment Income $30,122

Other Revenue $-328,868

TOTAL REVENUE $24,842,302

Expense Breakdown

Grants Paid $24,693

Salaries & Benefits $4,214,494

Fundraising Expenses $0

Program Expenses $0

Other Expenses $21,060,310

TOTAL EXPENSES $27,100,583

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,842,302	$20,181,048	+0.2%
Expenses	$27,100,583	$23,637,810	+0.1%
Net Income	$-2,258,281	$-3,456,762	-0.3%

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

$264,610

Total Directors

$83,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alice Carlton	Secretary	7.0	Officer Director	$10,200	$0	$10,200
Luther Riddle II	President	8.0	Officer Director	$7,150	$0	$7,150
Richard Yelton	Treasurer	4.0	Officer Director	$8,700	$0	$8,700
Willard D Baker	Vice President	5.0	Officer Director	$6,300	$0	$6,300
Andrew Milczakowskyj	Board Director	5.0	Director	$10,900	$0	$10,900
Brandon Buechter	Board Director	5.0	Director	$9,400	$0	$9,400
Deborah Krumwiede	Board Director Through 08/01/2024	5.0	Director	$6,500	$0	$6,500
Doug Roam	Board Director Since 08/01/2024	5.0	Director	$3,000	$0	$3,000
Jacob Warren	Board Director	9.0	Director	$11,200	$0	$11,200
James Humphrey	Board Director	7.0	Director	$10,300	$0	$10,300
Carmen Hartwell	General Manager	40.0	Officer	$169,507	$62,753	$232,260
Aaron George	Line Superintendent	40.0	Highest	$134,779	$50,670	$185,449
Cody Lawson	Lead Lineman	40.0	Highest	$117,605	$47,551	$165,156
Derrick Otto	Construction Foreman	40.0	Highest	$134,086	$43,685	$177,771
Jimmy Vineyard	Area Service Foreman	40.0	Highest	$118,106	$47,551	$165,657
Shawn Lipscomb	Operations Manager	40.0	Highest	$123,369	$53,715	$177,084

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	$24,842,302	$27,100,583	$85,457,774	$-2,258,281
2023	$20,181,048	$23,637,810	$74,717,580	$-3,456,762
2022	$19,292,612	$20,241,453	$70,519,833	$-948,841
2021	$19,748,899	$17,790,773	$57,774,455	$1,958,126
2020	$19,170,595	$17,768,125	$54,402,816	$1,402,470
2019	$20,405,291	$18,517,843	$53,537,395	$1,887,448
2018	$19,684,796	$17,952,773	$51,423,739	$1,732,023

Gascosage Electric Cooperative