AIKEN ELECTRIC COOPERATIVE INC (EIN 570113065) - 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

1938

Legal Domicile

Principal Officer

GARY L STOOKSBURY

Phone

8036496245

Tax Period

2024-01-01 to 2024-12-31

AIKEN ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $145.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

AIKEN ELECTRIC COOPERATIVE, INC. WILL STRIVE TO PROVIDE RELIABLE, COMPETITIVELY PRICED ENERGY AND OTHER SERVICES THAT ARE DESIRED BY THE MEMBERSHIP.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $143,534,245

Investment Income $4,289,491

Other Revenue $-2,138,144

TOTAL REVENUE $145,685,592

Expense Breakdown

Grants Paid $0

Salaries & Benefits $940,519

Fundraising Expenses $0

Other Expenses $141,079,769

TOTAL EXPENSES $147,836,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$145,685,592	$133,351,302	+0.1%
Expenses	$147,836,297	$135,776,672	+0.1%
Net Income	$-2,150,705	$-2,425,370	-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

159

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

$693,239

Total Directors

$342,046

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J STROM THURMOND JR	PRESIDENT	4.25	Officer Director	$20,620	$0	$22,620
ROBERT CURRY	VICE PRESIDE	7.87	Officer Director	$31,714	$0	$33,714
LINDA BRAMLETT	SECRETARY/TR	7.94	Officer Director	$15,384	$0	$17,384
CHARLES SANDERS JR	ASSISTANT SE	5.31	Officer Director	$22,977	$0	$24,977
O FRANK DORN	TRUSTEE	9.13	Director	$40,670	$0	$42,670
VINCENT FURTICK JR	TRUSTEE	5.06	Director	$54,239	$0	$55,739
DANA MOSELEY	TRUSTEE	9.65	Director	$41,102	$0	$43,102
JAMES E STEWART JR	TRUSTEE	5.78	Director	$28,697	$0	$30,697
SCOTT RIDDLE	TRUSTEE	5.19	Director	$48,207	$0	$51,807
ADAM L LIVINGSTON	TRUSTEE	4.55	Director	$17,336	$0	$19,336
THEO R WILLIAMS	FORMER TRUST	0.00		$12,218	$0	$12,218
WAYNE FURTICK	FORMER TRUST	0.00		$12,811	$0	$12,811
GARY L STOOKSBURY	CEO	50.00	Officer	$450,243	$144,301	$594,544
DAN GARMAN	VP ENGINEERI	45.00	Highest	$281,837	$173,251	$455,088
WILLIAM INMAN	VP STRATEGIC	50.00	Highest	$226,768	$91,563	$318,331
CASEY GRICE	CREW CHIEF	59.00	Highest	$180,677	$35,295	$215,972
APRIL COLLINS	VP FINANCE A	50.00	Highest	$196,421	$91,809	$288,230
LAURIE GLENN	VP HUMAN RES	50.00	Highest	$183,215	$118,852	$302,067

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	$145,685,592	$147,836,297	$580,547,772	$-2,150,705
2023	$133,351,302	$135,776,672	$496,691,360	$-2,425,370
2022	$129,207,135	$131,858,114	$416,693,144	$-2,650,979
2021	$117,100,131	$117,297,621	$337,192,184	$-197,490
2020	$115,403,022	$115,403,022	$295,549,638	No data
2019	$124,826,609	$124,826,609	$285,855,427	No data
2018	$124,477,062	$124,477,062	$272,050,645	No data

AIKEN ELECTRIC COOPERATIVE INC