Sumner-Cowley Electric Cooperative Inc (EIN 480441812) - 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

Coni Adams

Tax Period

2023-01-01 to 2023-12-31

Sumner-Cowley Electric Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $12.7M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

To provide reliable energy and related services to our members at the lowest cost.

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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 $12,531,675

Investment Income $62,753

Other Revenue $65,600

TOTAL REVENUE $12,660,028

Expense Breakdown

Grants Paid $0

Salaries & Benefits $662,571

Fundraising Expenses $0

Other Expenses $11,307,629

TOTAL EXPENSES $12,660,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,660,028	$13,376,007	-0.1%
Expenses	$12,660,028	$13,376,007	-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

$472,026

Total Directors

$57,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Coni Adams	CEO	45.00	Officer	$187,894	$124,889	$312,783
Stacy Wiley	Director of Finance	45.00	Officer	$109,866	$49,377	$159,243
Jordan Creed	Director of Operations	45.00	Highest	$109,846	$22,798	$132,644
Jim McMullin	Director	5.00	Director	$12,429	$0	$12,429
Keith Leddy	Director	5.00	Director	$10,425	$0	$10,425
John Schon	Director	5.00	Director	$9,329	$0	$9,329
Gabe Schlickau	Director	5.00	Director	$8,174	$0	$8,174
Jeff Swanson	Executive Dir	5.00	Director	$6,498	$0	$6,498
Craig Knudsen	Director	5.00	Director	$5,788	$0	$5,788
John Beard	Director	5.00	Director	$5,257	$0	$5,257

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	$12,660,028	$12,660,028	$37,315,478	No data
2022	$13,376,007	$13,376,007	$36,302,479	No data
2021	$12,131,043	$12,131,043	$35,587,386	No data
2020	$11,793,193	$11,788,469	$35,137,076	$4,724
2019	$12,392,755	$12,392,755	$34,192,670	No data
2018	$12,634,373	$12,634,373	$34,160,499	No data

Sumner-Cowley Electric Cooperative Inc