NEW MAC ELECTRIC COOPERATIVE INC (EIN 440371025) - 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

1939

Legal Domicile

Principal Officer

STANLEY IRSIK

Phone

4174511515

Tax Period

2024-01-01 to 2024-12-31

NEW MAC ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $51.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A 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 $51,117,504

Investment Income $395,297

Other Revenue $141,528

TOTAL REVENUE $51,654,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,373,075

Fundraising Expenses $0

Other Expenses $45,339,011

TOTAL EXPENSES $51,654,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,654,329	$48,049,781	+0.1%
Expenses	$51,654,329	$48,049,781	+0.1%
Net Income	$0	N/A	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

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

$334,596

Total Directors

$69,777

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY IRSIK	CEO/GM	40.00	Officer	$253,669	$80,927	$334,596
LINDA CROSBY	EXECUTIVE AS	40.00	Highest	$183,631	$37,102	$220,733
BOBBY HARRIS	LINEMAN	54.00	Highest	$156,772	$37,478	$194,250
KENNETH HICKMAN	LINEMAN	54.00	Highest	$154,128	$34,320	$188,448
ANTHONY HARVEY	LINEMAN	52.00	Highest	$146,764	$37,448	$184,212
GABRIAL ELLISON	LINEMAN	51.00	Highest	$143,675	$37,384	$181,059
PAUL SPRENKLE	DIRECTOR	1.00	Director	$11,408	$0	$11,408
MAURICE MAILES	DIRECTOR	1.00	Director	$8,885	$0	$8,885
ALBERT KENNEDY	DIRECTOR	1.00	Director	$8,358	$0	$8,358
JASON RUDDICK	DIRECTOR	1.00	Director	$7,450	$0	$7,450
BRUCE YOUNGBLOOD	DIRECTOR	1.00	Director	$7,222	$0	$7,222
JAMEY COPE	DIRECTOR	1.00	Director	$7,190	$0	$7,190
TIM SHORT	DIRECTOR	1.00	Director	$6,872	$0	$6,872
BILLY WHITE	PRESIDENT	1.00	Director	$6,381	$0	$6,381
RICHARD LEVENS	DIRECTOR	1.00	Director	$6,011	$0	$6,011

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	$51,654,329	$51,654,329	$148,476,523	No data
2023	$48,049,781	$48,049,781	$138,887,124	No data
2022	$49,072,639	$49,072,639	$139,329,756	No data
2021	$45,962,047	$45,962,047	$135,294,797	No data
2020	$45,097,106	$45,096,977	$132,000,152	$129
2019	$46,255,206	$46,254,982	$125,224,547	$224
2018	$46,005,504	$46,005,321	$118,402,316	$183

NEW MAC ELECTRIC COOPERATIVE INC