INTERCOUNTY ELECTRIC COOPERATIVE A… - 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

1936

Legal Domicile

Principal Officer

CHARLES D LANE

Phone

5736742211

Tax Period

2023-01-01 to 2023-12-31

INTERCOUNTY ELECTRIC COOPERATIVE ASSOCIATION, founded in 1936, is a mid-sized nonprofit that reported $66.8M in total revenue in fiscal year 2023. Expenses of $60.5M left a modest 9% surplus.

Mission

SALE OF ELECTRICITY AND RELATED SERVICES TO MEMBERS OF THE COOPERATIVE

Program Service Accomplishments

Program 1

Expenses: $60,532,457 Revenue: $66,414,087

PROVIDE DEPENDABLE ELECTRIC SERVICE TO APPROXIMATELY 24,000 RESIDENTIAL, FARM, AND COMMERCIAL MEMBERS IN ALL OR PART OF DENT, PHELPS, TEXAS, CRAWFORD, GASCONADE, LACLEDE, MARIES, PULASKI, SHANNON...

PROVIDE DEPENDABLE ELECTRIC SERVICE TO APPROXIMATELY 24,000 RESIDENTIAL, FARM, AND COMMERCIAL MEMBERS IN ALL OR PART OF DENT, PHELPS, TEXAS, CRAWFORD, GASCONADE, LACLEDE, MARIES, PULASKI, SHANNON, AND WRIGHT COUNTIES, AS WELL AS PROVIDE EDUCATION RELATED TO ELECTRICAL SAFETY AND ENERGY EFFICIENCIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $65,891,709

Investment Income $288,718

Other Revenue $627,375

TOTAL REVENUE $66,807,802

Expense Breakdown

Grants Paid $12,500

Salaries & Benefits $12,233,940

Fundraising Expenses $0

Program Expenses $60,532,457

Other Expenses $48,286,017

TOTAL EXPENSES $60,532,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,807,802	$63,855,241	+0.0%
Expenses	$60,532,457	$60,202,063	+0.0%
Net Income	$6,275,345	$3,653,178	+0.7%

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

121

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

$507,898

Total Directors

$256,451

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAMUEL AUXIER	VICE PRESIDENT	9.00	Officer Director	$34,621	$0	$34,621
JAMES SWINDELL	BOARD MEMBER	2.00	Director	$24,008	$0	$24,008
MICHAEL SMITH	BOARD MEMBER	1.00	Director	$22,578	$0	$22,578
DOYLE BRADFORD	BOARD MEMBER	6.00	Director	$27,228	$0	$27,228
TOM FLEENER	SECRETARY/TREASURER	10.00	Officer Director	$23,478	$0	$23,478
MATTHEW DUNCAN	PRESIDENT	13.00	Officer Director	$27,416	$0	$36,275
ANGELA MALLERY	BOARD MEMBER	6.00	Director	$28,621	$0	$28,621
REGINA ZERVOS	BOARD MEMBER	5.00	Director	$29,371	$0	$29,371
CHARLES MANIER	BOARD MEMBER	5.00	Director	$30,271	$0	$30,271
CHARLES D LANE	CEO	40.00	Officer	$212,249	$201,275	$413,524
SARAH AKERS	DIRECTOR OF FINANCE AND AC	40.00	Highest	$132,985	$73,190	$206,175
BILLY L CORDSMEYER	DIRECTOR OF OPERATIONS	40.00	Highest	$126,904	$56,956	$183,860
PAUL KYLE	CONSTRUCTION FOREMAN	47.00	Highest	$127,717	$42,885	$170,602
JASON GREEAR	CONSTRUCTION FOREMAN	47.00	Highest	$123,622	$36,459	$160,081
AARON C BECKLENBERG	CONSTRUCTION FOREMAN	47.00	Highest	$122,471	$39,845	$162,316

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	No data	No data	No data	No data
2023	$66,807,802	$60,532,457	$180,027,579	$6,275,345
2022	$63,855,241	$60,202,063	$175,726,427	$3,653,178
2021	$59,982,496	$57,588,650	$166,771,761	$2,393,846
2020	$61,543,051	$56,884,782	$161,786,643	$4,658,269
2019	$61,747,376	$57,222,068	$157,864,440	$4,525,308
2018	$59,665,734	$55,719,549	$155,414,275	$3,946,185

INTERCOUNTY ELECTRIC COOPERATIVE ASSOCIATION