LANE-SCOTT ELECTRIC COOPERATIVE INC (EIN 480526038) - 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

1941

Legal Domicile

Principal Officer

RICHARD MCLEON

Phone

6203975327

Tax Period

2023-01-01 to 2023-12-31

LANE-SCOTT ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $19.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,374,120

Investment Income $400,256

Other Revenue $1,059,630

TOTAL REVENUE $19,834,006

Expense Breakdown

Grants Paid $34,366

Salaries & Benefits $2,417,280

Fundraising Expenses $0

Other Expenses $16,576,165

TOTAL EXPENSES $19,529,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,834,006	$23,222,453	-0.1%
Expenses	$19,529,432	$22,949,677	-0.1%
Net Income	$304,574	$272,776	+0.1%

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

$577,070

Total Directors

$56,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC DOLL	TREASURER	2.00	Officer Director	$4,100	$0	$4,100
RANDALL EVANS	TRUSTEE	1.60	Director	$6,800	$0	$6,800
CHAD GRIFFITH	TRUSTEE	0.90	Director	$4,150	$0	$4,150
HAROLD HOSS	SECRETARY	1.40	Officer Director	$6,800	$0	$6,800
RICHARD JENNISON	PRESIDENT	1.20	Officer Director	$5,150	$0	$5,150
CRAIG RAMSEY	VICE PRESIDENT	5.30	Officer Director	$14,000	$0	$14,000
RAD ROEHL	TRUSTEE	2.20	Director	$4,800	$0	$4,800
SUSAN NUSS	TRUSTEE (JULY-DEC)	1.40	Director	$2,350	$0	$2,350
JAMES JORDAN	TRUSTEE (JULY-DEC)	1.20	Director	$2,700	$0	$2,700
PAUL SEIB JR	TRUSTEE (JAN-JULY)	3.10	Director	$3,150	$0	$3,150
RICHARD SOREM	TRUSTEE (JAN-JULY)	1.10	Director	$2,800	$0	$2,800
RICHARD MCLEON	GENERAL MANAGER/CEO	48.00	Officer	$243,299	$102,536	$345,835
KATHERINE E LEWIS	FINANCE MANAGER	43.00	Officer	$130,823	$70,362	$201,185
KASEY JENKINSON	LINE SUPERINTENDENT	45.00	Highest	$126,950	$90,839	$217,789
BENJAMIN MANN	CREW FOREMAN	43.00	Highest	$111,647	$65,347	$176,994
CHRIS TERHUNE	JOURNEYMAN LINEMAN	45.00	Highest	$108,287	$56,550	$164,837
CHAD RUPP	CREW FOREMAN	44.00	Highest	$112,912	$56,506	$169,418
MYRON SEIB	JOURNEYMAN LINEMAN	45.00	Highest	$113,757	$60,594	$174,351

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	$19,834,006	$19,529,432	$65,866,173	$304,574
2022	$23,222,453	$22,949,677	$64,701,717	$272,776
2021	$21,993,870	$21,614,409	$64,691,366	$379,461
2020	$17,425,111	$17,329,709	$61,283,842	$95,402
2019	$19,846,279	$20,286,319	$58,436,499	$-440,040
2018	$19,101,552	$19,101,552	$51,895,309	No data

LANE-SCOTT ELECTRIC COOPERATIVE INC