CRAIG-BOTETOURT ELECTRIC COOPERATIVE (EIN 540183175) - 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

1936

Legal Domicile

Principal Officer

JEFF M AHEARN

Phone

5408645121

Tax Period

2023-01-01 to 2023-12-31

CRAIG-BOTETOURT ELECTRIC COOPERATIVE, founded in 1936, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS.

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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 $16,440,550

Investment Income $81,355

Other Revenue $596,215

TOTAL REVENUE $17,118,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,589,924

Fundraising Expenses $0

Other Expenses $12,178,846

TOTAL EXPENSES $15,087,695

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,118,120	$15,725,716	+0.1%
Expenses	$15,087,695	$15,306,059	0.0%
Net Income	$2,030,425	$419,657	+3.8%

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

$401,530

Total Directors

$41,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF M AHEARN	CEO	40.00	Officer	$171,453	$57,964	$229,417
TIM KACZMARSKI	DIRECTOR OF	40.00	Officer	$103,135	$40,978	$144,113
JOSH OUELLETTE	LINE FOREMAN	40.00	Highest	$105,397	$24,150	$129,547
JC WINSTEAD	ASST SECRETA	4.33	Officer Director	$7,600	$0	$7,600
JAMES E HUFFMAN	PRESIDENT	8.37	Officer Director	$7,400	$0	$7,400
FRANK R GARMAN JR	DIRECTOR	3.69	Director	$7,200	$0	$7,200
EVERETTE J HARLOW	SECRETARY/TR	2.58	Officer Director	$6,600	$0	$6,600
PATRICK J RYAN	VICE PRESIDE	3.14	Officer Director	$6,400	$0	$6,400
TRAVIS SHREWSBURY	DIRECTOR	2.18	Director	$5,800	$0	$5,800

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	$17,118,120	$15,087,695	$42,885,957	$2,030,425
2022	$15,725,716	$15,306,059	$41,328,881	$419,657
2021	$13,868,268	$13,736,144	$37,707,997	$132,124
2020	$13,661,501	$12,657,851	$36,850,152	$1,003,650
2019	$13,676,113	$13,506,862	$34,470,735	$169,251
2018	$13,228,024	$12,857,662	$32,892,039	$370,362

CRAIG-BOTETOURT ELECTRIC COOPERATIVE