A & N ELECTRIC COOPERATIVE (EIN 540116855) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

RALPH W DODD

Phone

7577879750

Tax Period

2023-01-01 to 2023-12-31

A & N ELECTRIC COOPERATIVE, founded in 1940, is a mid-sized nonprofit that reported $82.1M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF THE COOPERATIVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $85,649,575

Investment Income $865,517

Other Revenue $1,123,331

TOTAL REVENUE $87,638,423

Expense Breakdown

Grants Paid $26,282

Salaries & Benefits $9,813,489

Fundraising Expenses $0

Other Expenses $75,352,605

TOTAL EXPENSES $86,885,381

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,638,423	$86,304,717	+0.0%
Expenses	$86,885,381	$85,672,445	+0.0%
Net Income	$753,042	$632,272	+0.2%

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

$937,698

Total Directors

$147,001

Key Employees

$471,161

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BELVIN WILLIAMSON JR	PRESIDENT &	50.00	Officer	$368,701	$238,094	$606,795
SHAWN HILDEBRAND	COO	50.00	Officer	$216,651	$55,227	$271,878
ROGER BLIZZARD	VP HR & EMPL	40.00	Highest	$186,124	$55,277	$241,401
JOE CATALDO	VP OPS & CON	50.00	Key Emp	$187,090	$53,813	$240,903
TODD BIRELEY	VP ENG & TEC	50.00	Key Emp	$175,662	$54,596	$230,258
DANA PENNEY	DIRECTOR, AC	40.00	Highest	$158,483	$56,039	$214,522
RONALD WHARTON	SUBSTATION F	56.00	Highest	$154,052	$43,592	$197,644
KENNETH E THORNTON	SERVICEMAN	60.00	Highest	$161,161	$30,224	$191,385
JAMES PARKER	CHIEF LINEMA	54.00	Highest	$149,829	$29,300	$179,129
ADDISON W NOTTINGHAM JR	CHAIRMAN	8.00	Officer Director	$23,875	$0	$23,875
RALPH W DODD	SEC/TREAS	6.00	Officer Director	$21,075	$0	$21,075
PENNEY P HOLLAND	DIRECTOR	4.00	Director	$18,375	$0	$18,375
GREGORY L DUNCAN SR	DIRECTOR	3.00	Director	$18,300	$0	$18,300
W EDWARD SHOCKLEY III	DIRECTOR	4.00	Director	$16,876	$0	$16,876
CHRISTOPHER D BOTT	VICE CHAIRMA	3.00	Officer Director	$14,075	$0	$14,075
E GARRISON DRUMMOND	DIRECTOR	5.00	Director	$13,725	$0	$13,725
MARK A HICKMAN	DIRECTOR	2.00	Director	$13,425	$0	$13,425
S KEITH COLONNA	DIRECTOR	4.00	Director	$4,075	$0	$4,075
JAMES N BELOTE III	DIRECTOR	6.00	Director	$3,200	$0	$3,200

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	$87,638,423	$86,885,381	$224,238,544	$753,042
2022	$86,304,717	$85,672,445	$215,060,644	$632,272
2021	$76,232,163	$76,843,045	$203,944,683	$-610,882
2020	$75,642,925	$74,569,060	$204,461,636	$1,073,865
2019	$81,905,204	$81,032,852	$180,684,835	$872,352
2018	$82,099,572	$80,502,602	$173,070,165	$1,596,970

A & N ELECTRIC COOPERATIVE