WEBSTER ELECTRIC COOPERATIVE (EIN 440516670) - 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

1946

Legal Domicile

Principal Officer

THOMAS E HOUSTON

Phone

4178592216

Tax Period

2024-01-01 to 2024-12-31

WEBSTER ELECTRIC COOPERATIVE, founded in 1946, is a mid-sized nonprofit that reported $43.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

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 $42,044,342

Investment Income $506,996

Other Revenue $427,549

TOTAL REVENUE $42,978,887

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,038,153

Fundraising Expenses $0

Program Expenses $42,978,887

Other Expenses $38,617,175

TOTAL EXPENSES $42,978,887

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,978,887	$38,873,422	+0.1%
Expenses	$42,978,887	$38,873,422	+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

$883,990

Total Directors

$95,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS E HOUSTON	GENERAL MANA	52.00	Officer	$251,786	$164,642	$416,428
SHANNON BEELER	LINE SUPERIN	48.00	Officer	$137,473	$100,663	$238,136
ALAN LETTERMAN	METER TRUCK	47.00	Highest	$137,257	$92,478	$229,735
JIMMIE BIGLEY	METER TRUCK	45.00	Highest	$128,412	$94,669	$223,081
SAMUEL GREEN	METER TRUCK	50.00	Highest	$145,311	$70,867	$216,178
ERIC HOLMES	LEAD LINEMAN	44.00	Highest	$132,541	$69,456	$201,997
DUSTIN RUSSELL	LINE FOREMAN	44.00	Highest	$134,023	$53,951	$187,974
DENISE HOLDMAN	OFFICE MANAG	45.00	Officer	$117,836	$61,835	$179,671
RICHARD BURLISON	MANAGER OF F	8.00	Officer	$34,551	$15,204	$49,755
LLOYD GUNTER	BOARD MEMBER	3.50	Director	$19,300	$0	$19,300
CLARENCE WAYNE PLUNKETT	PRESIDENT	10.00	Director	$18,500	$0	$18,500
MONA JACKSON	BOARD MEMBER	14.00	Director	$11,700	$0	$11,700
SUSAN NEWCOMB	BOARD MEMBER	8.00	Director	$11,700	$0	$11,700
KENDALL GALLOWAY	VICE-PRESIDE	3.00	Director	$10,500	$0	$10,500
ALAN THOMAS	BOARD MEMBER	12.00	Director	$9,700	$0	$9,700
GARY BALLARD	BOARD MEMBER	6.00	Director	$5,000	$0	$5,000
JON CARTWRIGHT	SECRETARY/TR	4.00	Director	$4,600	$0	$4,600
BILLY JOHNSTON	BOARD MEMBER	5.00	Director	$4,200	$0	$4,200

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	$42,978,887	$42,978,887	$90,700,845	No data
2023	$38,873,422	$38,873,422	$90,608,966	No data
2022	$37,992,455	$37,992,455	$85,233,257	No data
2021	$35,468,272	$35,468,272	$84,521,156	No data
2020	$33,842,647	$33,842,647	$84,836,421	No data
2019	$34,119,916	$34,119,916	$77,182,274	No data
2018	$32,565,608	$32,565,608	$73,263,315	No data

WEBSTER ELECTRIC COOPERATIVE