PRINCE GEORGE ELECTRIC COOPERATIVE (EIN 540346866) - 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

1938

Legal Domicile

Principal Officer

ROBERT HALL

Phone

8048342424

Tax Period

2023-01-01 to 2023-12-31

PRINCE GEORGE ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $39.3M in total revenue in fiscal year 2018. Revenue grew 13% 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 $52,294,474

Investment Income $1,671,427

Other Revenue $425,697

TOTAL REVENUE $54,391,598

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,874,257

Fundraising Expenses $0

Other Expenses $46,091,670

TOTAL EXPENSES $48,721,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,391,598	$53,087,438	+0.0%
Expenses	$48,721,481	$47,023,890	+0.0%
Net Income	$5,670,117	$6,063,548	-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

$834,707

Total Directors

$161,862

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL H BROWN	CHAIRMAN	8.00	Officer Director	$23,905	$0	$23,905
JAMES CORL	DIRECTOR	5.00	Director	$11,600	$0	$11,600
HERBERT R PATRICK	SECRETARY - TREASURER	5.00	Officer Director	$18,771	$0	$18,771
RICHARD B SCOTT	ASST. SECRETARY-TREASURER	5.00	Officer Director	$17,406	$0	$17,406
JOHN M BROCK JR	DIRECTOR	5.00	Director	$18,034	$0	$18,034
MATTHEW P CARDEN	DIRECTOR	5.00	Director	$17,844	$0	$17,844
KEITH M DUNN	VICE-CHAIRMAN	5.00	Officer Director	$18,081	$0	$18,081
DENYA C HANKERSON	DIRECTOR	5.00	Director	$18,819	$0	$18,819
BRIAN E COEY	DIRECTOR	5.00	Director	$17,402	$0	$17,402
ROBERT HOWARD HALL	VICE PRESIDENT AND CHIEF F	40.00	Officer	$209,646	$17,879	$227,525
SARAT YELLEPEDDI	PRESIDENT AND CEO	40.00	Officer	$285,542	$27,552	$313,094
WALTER LEE CHAPPELL	VICE PRESIDENT OF OPERATIO	40.00	Officer	$191,041	$24,884	$215,925
JASON JESSUP	CONSTRUCTION FOREMAN	40.00	Highest	$126,904	$1,906	$128,810
JUSTIN HARVILLE	GENERAL MANAGER	40.00	Highest	$152,952	$22,851	$175,803
JOSHUA KRENICKY	MANAGER OF OPERATIONS	40.00	Highest	$141,073	$2,471	$143,544
DOUGLAS DUNN	JOURNEYMAN LINEMAN	40.00	Highest	$121,247	$1,744	$122,991
CARY LOGAN	FORMER PRESIDENT AND CEO	40.00	Highest	$223,372	$12,751	$236,123

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	$54,391,598	$48,721,481	$106,354,564	$5,670,117
2022	$53,087,438	$47,023,890	$101,478,151	$6,063,548
2021	$41,941,155	$40,174,865	$95,021,320	$1,766,290
2020	$40,098,391	$38,870,710	$95,053,190	$1,227,681
2019	$41,367,907	$40,717,724	$89,293,130	$650,183
2018	$39,320,134	$38,623,453	$75,483,313	$696,681
2018	$39,320,134	$38,623,453	$75,483,313	$696,681

PRINCE GEORGE ELECTRIC COOPERATIVE