FAIRFIELD ELECTRIC COOPERATIVE INC (EIN 570161235) - 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

1939

Legal Domicile

Principal Officer

BRUCE G BACON

Phone

8037540153

Tax Period

2025-01-01 to 2025-12-31

FAIRFIELD ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $99.9M in total revenue in fiscal year 2025. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

PROVIDE OUR MEMBERS QUALITY ENERGY SERVICES AT A FAIR AND REASONABLE PRICE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $99,814,978

Investment Income $50,205

Other Revenue $0

TOTAL REVENUE $99,865,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,039

Fundraising Expenses $0

Other Expenses $94,953,861

TOTAL EXPENSES $99,851,700

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,865,183	$87,876,216	+0.1%
Expenses	$99,851,700	$86,333,938	+0.2%
Net Income	$13,483	$1,542,278	-1.0%

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

$535,801

Total Directors

$302,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT ENTZMINGER	TRUSTEE	7.00	Director	$47,572	$0	$47,572
MITCHELL D RABON	PRESIDENT	7.00	Officer Director	$44,778	$0	$54,463
ROBERT KENNETH MILES	SECRETARY	7.00	Officer Director	$42,082	$0	$42,082
DERIAL L OGBURN	TRUSTEE	7.00	Director	$23,100	$0	$23,100
WILLIAM M GOOD	TRUSTEE	7.00	Director	$21,782	$0	$21,782
PEGGY D SWEARINGEN	TRUSTEE	7.00	Director	$23,529	$0	$23,529
CYNTHIA ABLE	TRUSTEE	7.00	Director	$22,450	$0	$22,450
BRUCE E HONEYCUTT	TREASURER	7.00	Officer Director	$14,050	$0	$14,050
TIMOTHY L HOPKINS	VICE PRESIDENT	7.00	Officer Director	$17,150	$0	$17,150
KEITH LEWIS	TRUSTEE	7.00	Director	$8,810	$0	$8,810
RONALD FRIDAY	TRUSTEE	7.00	Director	$27,650	$0	$27,650
BRUCE G BACON	CEO	45.00	Officer	$261,086	$123,502	$408,056
THOMAS S BLACK	VP OF ENGINEERING	45.00	Highest	$207,397	$102,582	$309,979
MARVIN M PRICE	VP OF INFORMATION TECHNOLO	45.00	Highest	$174,139	$87,759	$261,898
BRANDON M BOONE	VP OF OPERATIONS	45.00	Highest	$162,514	$87,341	$249,855
DOUGLAS M PAYNE	VP OF MEMBER SERVICES	45.00	Highest	$163,768	$72,559	$236,327
ERIK A MARSHA	VP OF FINANCE	45.00	Highest	$175,656	$79,325	$254,981

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
2025	$99,865,183	$99,851,700	$154,307,020	$13,483
2024	$87,876,216	$86,333,938	$148,506,470	$1,542,278
2023	$83,149,712	$81,436,020	$146,272,088	$1,713,692
2022	$79,666,610	$78,632,714	$145,854,723	$1,033,896
2021	$75,864,594	$74,049,465	$136,717,721	$1,815,129
2020	$74,391,474	$73,991,471	$138,749,434	$400,003
2019	$78,286,027	$78,280,130	$129,269,020	$5,897
2018	$80,466,579	$80,437,606	$127,342,717	$28,973

FAIRFIELD ELECTRIC COOPERATIVE INC