LYNCHES RIVER ELECTRIC COOPERATIVE INC (EIN 570201923) - 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

BRIAN W BROUGHTON

Phone

8436726111

Tax Period

2023-01-01 to 2023-12-31

LYNCHES RIVER ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $64.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,142,532

Investment Income $185,330

Other Revenue $958,614

TOTAL REVENUE $64,286,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $443,447

Fundraising Expenses $0

Other Expenses $59,264,216

TOTAL EXPENSES $62,801,878

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,286,476	$59,003,883	+0.1%
Expenses	$62,801,878	$59,725,393	+0.1%
Net Income	$1,484,598	$-721,510	-3.1%

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

$375,018

Total Directors

$104,711

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN W BROUGHTON	CEO	50.00	Officer	$258,854	$79,883	$338,737
DUSTIN CATOE	CFO	45.00	Highest	$133,774	$51,650	$185,424
JOSEPH WRIGHT	CREW LEADER	45.00	Highest	$128,992	$37,229	$166,221
GREGORY JORDAN	VP ENGINEER/	45.00	Highest	$114,253	$48,812	$163,065
ALEX HONEYCUTT	LINEMAN FIRS	45.00	Highest	$121,477	$28,718	$150,195
THOMAS GRAVITT	LINEMAN FIRS	45.00	Highest	$117,134	$16,396	$133,530
THERESA S HICKS	CHAIRMAN	17.00	Officer Director	$21,714	$0	$21,714
JOHN T BLACKWELL	TRUSTEE	2.00	Director	$17,443	$0	$17,443
KEVIN SIMS	TRUSTEE	5.90	Director	$15,831	$0	$15,831
STEVE CHEWNING	TRUSTEE	9.70	Director	$15,734	$0	$15,734
HAROLD F GARDNER	VICE CHAIR	6.60	Officer Director	$11,858	$0	$11,858
CHARLES M CRAWFORD	TRUSTEE	2.90	Director	$7,599	$0	$7,599
MYRTLE L FAILE	TRUSTEE	0.90	Director	$5,799	$0	$5,799
BILLY KING	TRUSTEE	1.70	Director	$3,699	$0	$3,699
MARK BRIDGES	SECRETARY/TR	1.70	Officer Director	$2,709	$0	$2,709
CINDY VINCENT	TRUSTEE	10.30	Director	$2,325	$0	$2,325

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	$64,286,476	$62,801,878	$143,539,014	$1,484,598
2023	$64,286,476	$62,801,878	$143,539,014	$1,484,598
2022	$59,003,883	$59,725,393	$136,792,882	$-721,510
2021	$53,676,919	$55,156,733	$119,665,355	$-1,479,814
2020	$53,245,164	$53,786,702	$106,674,720	$-541,538
2019	$54,616,104	$54,616,104	$94,304,215	No data
2018	$53,598,921	$53,598,921	$89,826,541	No data

LYNCHES RIVER ELECTRIC COOPERATIVE INC