PIONEER ELECTRIC COOPERATIVE INC

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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

1944

Legal Domicile

Principal Officer

LINDSAY CAMPBELL

Phone

6203561211

Tax Period

2024-01-01 to 2024-12-31

PIONEER ELECTRIC COOPERATIVE INC, founded in 1944, is a mid-sized nonprofit that reported $84.2M in total revenue in fiscal year 2024. Expenses of $81.0M left a modest 4% surplus.

Mission

TO BE THE DYNAMIC REGIONAL PROVIDER OF SAFE, RELIABLE ENERGY PRODUCTS AND SERVICES, WORKING TO IMPROVE THE LIVES OF OUR MEMBER-OWNERS AND CUSTOMERS.

Program Service Accomplishments

Program 1

DISTRIBUTED ELECTRICITY TO APPROXIMATELY 17,000 RETAIL ELECTRIC METERS OF PIONEER ELECTRIC COOPERATIVE AND APPROXIMATELY 17,000 RETAIL ELECTRIC METERS WHO ARE SERVED THROUGH SOUTHERN PIONEER ELECTRIC...

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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 $77,171,471

Investment Income $821,892

Other Revenue $6,251,197

TOTAL REVENUE $84,244,560

Expense Breakdown

Grants Paid $77,251

Salaries & Benefits $10,525,883

Fundraising Expenses $0

Other Expenses $65,003,565

TOTAL EXPENSES $80,992,527

Year-over-Year Comparison

	2024	2023	Change
Revenue	$84,244,560	$84,514,183	0.0%
Expenses	$80,992,527	$81,171,709	0.0%
Net Income	$3,252,033	$3,342,474	0.0%

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

N/A

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

$1,816,730

Total Directors

$268,966

Key Employees

$969,820

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDSAY CAMPBELL	CHIEF EXECUTIVE OFFICER	24.80	Officer	$617,201	$113,734	$730,935
CHANTRY SCOTT	ASSISTANT CEO & CFO	22.90	Officer	$422,166	$189,335	$611,501
CLINTON MEIER	VP OF ENGINEERING & OPERATION	27.80	Key Emp	$233,525	$163,013	$396,538
ROSS RILEY	MANAGER OF ENGINEER & OPERATION	42.70	Highest	$202,728	$170,323	$373,051
STEPHEN EPPERSON	CEO (UNTIL 03/24)	8.50	Officer	$264,509	$102,844	$367,353
ANITA WENDT	VP OF ENERGY SERVICES (UNTIL 11/24)	25.10	Key Emp	$251,966	$81,705	$333,671
NEAL MANGELS	OPERATIONS SUPERVISOR	47.90	Highest	$178,648	$124,951	$303,599
NATHAN GILLESPIE	MANAGER OF OPERATIONS & ENGINEERING	4.90	Highest	$190,323	$102,276	$292,599
SHERRY EASTON	ACCOUNTING MANAGER	21.00	Highest	$190,676	$76,987	$267,663
MELISSA MORALES	VP OF HUMAN RESOURCES	29.90	Key Emp	$167,570	$72,041	$239,611
SCOTT HITTLE	CREW FOREMAN	50.70	Highest	$160,280	$65,071	$225,351
MICHAEL BREWER	PRESIDENT	7.00	Officer Director	$47,806	$0	$47,806
JAMES N BELL	TRUSTEE	5.00	Director	$39,700	$0	$39,700
JEFF MOYER	VICE PRESIDENT	5.00	Officer Director	$38,135	$0	$38,135
DAVID LIGHT	TRUSTEE	4.00	Director	$31,600	$0	$31,600
LORI DEYOE	TRUSTEE	3.00	Director	$28,700	$0	$28,700
MARK GOEHRING	TRUSTEE	2.00	Director	$21,000	$0	$21,000
JOHN R JURY	SECRETARY/TREASURER	2.00	Officer Director	$21,000	$0	$21,000
CHARLES E MILBURN	TRUSTEE	2.00	Director	$20,100	$0	$20,100
ALFRED ALEXANDER	TRUSTEE	1.00	Director	$14,025	$0	$14,025
DARCY ALEXANDER	TRUSTEE	0.50	Director	$6,900	$0	$6,900

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	$84,244,560	$80,992,527	$305,271,662	$3,252,033
2023	$84,514,183	$81,171,709	$300,639,525	$3,342,474
2022	$104,169,283	$99,132,757	$294,228,852	$5,036,526
2021	$104,061,245	$96,339,263	$284,468,248	$7,721,982
2020	$79,263,380	$76,919,750	$266,825,442	$2,343,630
2019	$82,434,415	$82,434,415	$266,111,063	No data
2018	$84,142,582	$84,142,582	$259,362,834	No data