LACLEDE ELECTRIC COOPERATIVE (EIN 440319785) - 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

1938

Legal Domicile

Principal Officer

TERRY ROSENTHAL

Phone

4175323164

Tax Period

2024-01-01 to 2024-12-31

LACLEDE ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $82.6M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

PROVIDE ELECTRICITY SERVICE TO RURAL MEMBERS ON A NON-PROFIT COOPERATIVE BASIS.

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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 $81,187,545

Investment Income $450,271

Other Revenue $954,554

TOTAL REVENUE $82,592,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,864

Fundraising Expenses $0

Other Expenses $77,206,808

TOTAL EXPENSES $82,592,370

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,592,370	$74,741,807	+0.1%
Expenses	$82,592,370	$74,741,807	+0.1%
Net Income	$0	$0	N/A

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

143

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

$1,006,216

Total Directors

$194,065

Key Employees

$295,385

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH D BISHOP	VICE PRESIDENT	5.27	Officer Director	$30,245	$0	$30,245
JOEL CRAVENS	PRESIDENT	9.40	Officer Director	$27,310	$0	$27,310
JACK W HARRIS JR	DIRECTOR	6.81	Director	$21,735	$0	$21,735
W MELVIN HOFFMAN	TREASURER	3.60	Officer Director	$29,645	$0	$29,645
RANDALL LITTLE	DIRECTOR	9.92	Director	$14,709	$0	$14,709
CRAIG EVANS	DIRECTOR	6.75	Director	$21,842	$0	$21,842
BRENDA NUTTER	SECRETARY	6.56	Officer Director	$18,542	$0	$18,542
JEANNIE ROBBINS	DIRECTOR	4.31	Director	$11,958	$0	$11,958
MICHAEL ROUSE	DIRECTOR	8.83	Director	$14,109	$0	$14,109
JONATHAN STORIE	DIRECTOR	5.00	Director	$3,970	$0	$3,970
JOE KNAPP	CHIEF FINANCIAL OFFICER	50.00	Officer	$157,923	$129,602	$287,525
TERRY D ROSENTHAL	CEO/GENERAL MANAGER	55.00	Officer	$287,098	$325,851	$612,949
DAVID ARCHER	MANAGER OF OPERATIONS	50.00	Key Emp	$152,043	$143,342	$295,385
BYRON DUDLEY	MANAGER OF COMM & MEMBER S	50.00	Highest	$145,499	$198,810	$344,309
BRIAN O'DELL	LINE SUPERINTENDENT	50.00	Highest	$143,519	$186,994	$330,513
NICK MATNEY	CREW FOREMAN	45.00	Highest	$141,515	$88,914	$230,429
JADE HENSON	CREW FOREMAN	47.00	Highest	$142,914	$98,496	$241,410
TYLER HUNT	SERVICE LINEMAN	45.00	Highest	$140,151	$66,487	$206,638

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	$82,592,370	$82,592,370	$241,319,712	No data
2023	$74,741,807	$74,741,807	$230,177,778	No data
2022	$76,618,594	$76,618,594	$218,562,681	No data
2021	$72,341,204	$72,341,204	$208,167,243	No data
2020	$71,888,232	$71,888,232	$204,709,427	No data
2019	$76,618,742	$76,618,742	$201,035,735	No data
2018	$74,266,261	$74,266,261	$196,863,281	No data

LACLEDE ELECTRIC COOPERATIVE