NEW MAC ELECTRIC COOPERATIVE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1939

Legal Domicile

Principal Officer

STANLEY IRSIK

Phone

4174511515

Tax Period

2025-01-01 to 2025-12-31

NEW MAC ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $55.8M in total revenue in fiscal year 2025.

Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

Program Service Accomplishments

Program 1

PROVIDED ELECTRICITY TO OUR MEMBERS - 19,827 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $55,332,456

Investment Income $309,254

Other Revenue $123,185

TOTAL REVENUE $55,764,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,587,421

Fundraising Expenses $0

Other Expenses $46,994,349

TOTAL EXPENSES $55,764,895

Year-over-Year Comparison

	2025	2024	Change
Revenue	$55,764,895	$51,654,329	+0.1%
Expenses	$55,764,895	$51,654,329	+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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$497,324

Total Directors

$63,913

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY IRSIK	CEO/GM	40.00	Officer	$265,131	$81,008	$346,139
GABRIAL ELLISON	LINEMAN	59.00	Highest	$177,988	$39,264	$217,252
BOBBY CLARK	LINEMAN	60.00	Highest	$169,857	$38,000	$207,857
ANTHONY HARVEY	LINEMAN	56.00	Highest	$167,384	$39,088	$206,472
BRANDON BETTELS	LINEMAN	54.00	Highest	$160,695	$38,474	$199,169
DARREN PIERCE	LINEMAN	56.00	Highest	$160,803	$34,630	$195,433
MARTI WILEY	CONTROLLER	40.00	Officer	$97,631	$53,554	$151,185
PAUL SPRENKLE	DIRECTOR	1.00	Director	$11,325	$0	$11,325
MAURICE MAILES	DIRECTOR	1.00	Director	$7,863	$0	$7,863
BRUCE YOUNGBLOOD	DIRECTOR	1.00	Director	$7,391	$0	$7,391
ALBERT KENNEDY	DIRECTOR	1.00	Director	$7,086	$0	$7,086
BILLY WHITE	PRESIDENT	1.00	Director	$6,398	$0	$6,398
RICHARD LEVENS	DIRECTOR	1.00	Director	$6,011	$0	$6,011
JASON RUDDICK	DIRECTOR	1.00	Director	$5,896	$0	$5,896
JAMEY COPE	DIRECTOR	1.00	Director	$5,764	$0	$5,764
TIM SHORT	DIRECTOR	1.00	Director	$5,116	$0	$5,116
DEWEY ALLGOOD	DIRECTOR	1.00	Director	$1,063	$0	$1,063

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
2025	$55,764,895	$55,764,895	$153,486,609	No data
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