CKENERGY ELECTRIC COOPERATIVE INC (EIN 474815587) - 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

2016

Legal Domicile

Principal Officer

CLINT PACK

Phone

4056562322

Tax Period

2023-01-01 to 2023-12-31

CKENERGY ELECTRIC COOPERATIVE INC, founded in 2016, is a mid-sized nonprofit that reported $87.2M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 $86,206,547

Investment Income $960,286

Other Revenue $39,509

TOTAL REVENUE $87,206,342

Expense Breakdown

Grants Paid $42,985

Salaries & Benefits $12,090,409

Fundraising Expenses $0

Other Expenses $68,538,601

TOTAL EXPENSES $87,206,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,206,342	$96,879,490	-0.1%
Expenses	$87,206,342	$96,879,490	-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

106

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

$1,342,380

Total Directors

$271,709

Key Employees

$255,268

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY BREWSTER	TRUSTEE	4.90	Director	$15,572	$0	$15,572
WALTER HRBACEK	TRUSTEE	5.50	Director	$18,101	$0	$18,101
SCOTT KLINGMAN	TRUSTEE	8.50	Director	$21,500	$0	$21,500
GREG LITTLE	VICE PRESIDENT	6.70	Officer Director	$27,762	$0	$27,762
DON PAYNE	TRUSTEE	6.20	Director	$37,525	$0	$37,525
FRED REUTER	SECRETARY	4.60	Officer Director	$14,509	$0	$14,509
JACK SAWATZKY	PRESIDENT	9.20	Officer Director	$22,577	$0	$22,577
JOHN SCHAUFELE	TRUSTEE	7.90	Director	$25,298	$0	$25,298
TONY SETZER	TRUSTEE	4.90	Director	$18,589	$0	$18,589
MARK SLEMP	TRUSTEE	2.70	Director	$28,486	$0	$28,486
STEVE SWEENEY	TRUSTEE	2.50	Director	$16,651	$0	$16,651
ROBERT TRAVIS	TRUSTEE	6.90	Director	$25,139	$0	$25,139
CLINT PACK	CEO	60.00	Officer	$315,500	$149,438	$464,938
DEBRA TOHO	CFO	40.00	Officer	$168,634	$139,610	$308,244
WISPER HOWELL	DIR OF CONSUMER ACCT	40.00	Officer	$165,611	$69,177	$234,788
WILLIAM B LEE	VP STRATEGIC PLANNING	45.00	Officer	$172,590	$96,972	$269,562
GAYLA COATS	HR/BENEFIT ADMINISTRATION	40.00	Key Emp	$152,060	$103,208	$255,268
LANCE GOUCHER	CONSTRUCTION FOREMAN	45.00	Highest	$154,872	$58,148	$213,020
GARY WILLIAMS	POWER MANAGER	45.00	Highest	$145,422	$48,250	$193,672
STEVEN SCOTT	DIRECTOR OF OPERATION	50.00	Highest	$143,340	$35,265	$178,605
BRAD HARDWICK	DISTRIBUTION LINEMAN	50.00	Highest	$137,202	$71,181	$208,383
BRIAN COKER	MARKETING	40.00	Highest	$136,932	$44,214	$181,146
JAMES HEDRICK	FORMER DIRECTOR OF OPERATIONS	0.00		$137,616	$0	$137,616

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	$87,206,342	$87,206,342	$210,357,347	No data
2022	$96,879,490	$96,879,490	$211,315,607	No data
2021	$79,566,224	$79,566,224	$211,573,649	No data
2020	$70,968,190	$70,968,190	$198,914,386	No data

CKENERGY ELECTRIC COOPERATIVE INC