CMS Electric Cooperative Inc (EIN 480500268) - 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

1945

Legal Domicile

Phone

6208732184

Tax Period

2023-01-01 to 2023-12-31

CMS Electric Cooperative Inc, founded in 1945, is a mid-sized nonprofit that reported $26.1M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $24.4M left a modest 6% surplus.

Mission

DISTRIBUTION OF ELECTRICITY

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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 $25,953,528

Investment Income $148,637

Other Revenue $4,996

TOTAL REVENUE $26,107,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,096,664

Fundraising Expenses $0

Program Expenses $0

Other Expenses $22,347,668

TOTAL EXPENSES $24,444,332

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,107,161	$29,650,125	-0.1%
Expenses	$24,444,332	$26,846,048	-0.1%
Net Income	$1,662,829	$2,804,077	-0.4%

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

$674,569

Total Directors

$35,513

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY-TREASURER	6.0	Officer Director	$4,329	$0	$4,329
N/A	VICE PRESIDENT	2.0	Officer Director	$3,929	$0	$3,929
N/A	PRESIDENT	5.0	Officer Director	$6,700	$0	$6,700
N/A	TRUSTEE	2.0	Director	$3,250	$0	$3,250
N/A	TRUSTEE	2.0	Director	$1,800	$0	$1,800
N/A	TRUSTEE	2.0	Director	$5,888	$0	$5,888
N/A	TRUSTEE	2.0	Director	$3,117	$0	$3,117
N/A	TRUSTEE	2.0	Director	$4,300	$0	$4,300
N/A	TRUSTEE	2.0	Director	$2,200	$0	$2,200
N/A	GENERAL MANAGER	50.0	Officer	$486,417	$173,194	$659,611
N/A	FORMEN	50.0	Highest	$122,891	$55,166	$178,057
N/A	OFFICE MANAGER	45.0	Highest	$180,088	$76,456	$256,544
N/A	DISTRICT MANAGER-MEADE	40.0	Highest	$131,924	$64,464	$196,388
N/A	ENGINEERING MANAGER	40.0	Highest	$137,098	$62,312	$199,410
N/A	DISTRICT MANAGER-COLDWATER	40.0	Highest	$159,668	$72,327	$231,995

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	$26,107,161	$24,444,332	$78,170,806	$1,662,829
2022	$29,650,125	$26,846,048	$76,100,768	$2,804,077
2021	$24,754,393	$25,447,844	$75,254,250	$-693,451
2020	$21,901,793	$22,829,024	$74,194,461	$-927,231
2019	$24,654,667	$24,594,490	$71,116,402	$60,177
2018	$25,584,056	$24,893,862	$71,816,367	$690,194

CMS Electric Cooperative Inc