M & A ELECTRIC POWER COOP (EIN 430641433) - 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

1948

Legal Domicile

Principal Officer

STEVEN AUSTIN

Phone

5737859651

Tax Period

2024-01-01 to 2024-12-31

M & A ELECTRIC POWER COOP, founded in 1948, is a mid-sized nonprofit that reported $32.7M in total revenue in fiscal year 2024. The organization ran a surplus of $8.4M, a strong 26% operating margin.

Mission

TO PROVIDE ELECTRIC POWER

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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 $0

Investment Income $7,609,432

Other Revenue $25,084,048

TOTAL REVENUE $32,693,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,338,610

Fundraising Expenses $0

Program Expenses $20,383,981

Other Expenses $21,962,774

TOTAL EXPENSES $24,301,384

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,693,480	$33,072,552	0.0%
Expenses	$24,301,384	$23,715,627	+0.0%
Net Income	$8,392,096	$9,356,925	-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

$947,626

Total Directors

$133,231

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY COOK	PRESIDENT	1.00	Director	$12,887	$0	$12,887
JOHN BLEDSOE	VICE PRESIDENT	1.00	Director	$14,244	$0	$14,244
CHARLIE BUNTING	SECRETARY	1.00	Director	$21,000	$0	$21,000
BILLY JONES	TREASURER	1.00	Director	$19,187	$0	$19,187
CARL EFTINK	MEMBER	1.00	Director	$17,500	$0	$17,500
JORDAN COLLINS	MEMBER	1.00	Director	$12,839	$0	$12,839
JAMES HOVIS	MEMBER	1.00	Director	$14,987	$0	$14,987
LARRY CULWELL	MEMBER	1.00	Director	$1,400	$0	$1,400
JUSTIN RONE	MEMBER	1.00	Director	$12,887	$0	$12,887
EMERY GEISENDORFER JR	MEMBER	1.00	Director	$0	$0	$0
JUDY LUNSFORD	BOARD MEMBER	1.00	Director	$6,300	$0	$6,300
DARYL SORRELL	GENERAL MANAGER	40.00	Officer	$615,763	$135,062	$750,825
STEVEN AUSTIN	CHIEF FINANCIAL OFFICER	40.00	Officer	$159,674	$37,127	$196,801
JOHN SETTLE	MGR OF ENGINEERING	40.00	Highest	$219,270	$107,965	$327,235
WILLIAM PRICE	COM. SUPERINTENDENT	40.00	Highest	$191,689	$102,036	$293,725
VAN MURRAY	TRANS SUPERINTENDENT	40.00	Highest	$196,926	$50,273	$247,199
JOEY SHOEMAKER	ENGINEERING ASSISTANT	40.00	Highest	$138,471	$56,742	$195,213
TONY ARNOLD	COMMUNICATIONS TECHNICIAN	40.00	Highest	$134,266	$60,115	$194,381

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	$32,693,480	$24,301,384	$255,671,326	$8,392,096
2023	$33,072,552	$23,715,627	$235,078,787	$9,356,925
2022	$25,170,589	$22,463,971	$223,861,717	$2,706,618
2021	$25,797,684	$20,509,067	$222,765,327	$5,288,617
2020	$24,168,915	$19,863,301	$216,598,435	$4,305,614
2019	$24,317,082	$19,811,919	$201,693,560	$4,505,163
2018	$23,953,140	$19,022,282	$203,462,916	$4,930,858

M & A ELECTRIC POWER COOP