NEWBERRY ELECTRIC COOPERATIVE INC (EIN 570216285) - 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

1940

Legal Domicile

Principal Officer

GEORGE KEITH AVERY

Phone

8032761121

Tax Period

2025-01-01 to 2025-12-31

NEWBERRY ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $58.7M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE BEST ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AT THE LOWEST PRICE 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $58,549,176

Investment Income $77,841

Other Revenue $49,639

TOTAL REVENUE $58,676,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $757,251

Fundraising Expenses $0

Other Expenses $57,124,033

TOTAL EXPENSES $58,649,684

Year-over-Year Comparison

	2025	2024	Change
Revenue	$58,676,656	$53,742,395	+0.1%
Expenses	$58,649,684	$53,742,395	+0.1%
Net Income	$26,972	N/A	N/A

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

$548,189

Total Directors

$307,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNIE L DICKERT	CHAIRMAN	5.00	Officer Director	$37,054	$0	$37,054
WILLIAM B LOMINICK SR	VICE CHAIRMA	5.00	Officer Director	$28,802	$0	$28,802
JOHN WAYNE NICHOLS	SECRETARY/TR	6.25	Officer Director	$32,270	$0	$32,270
DOUGLAS E HIPP	DIRECTOR	5.00	Director	$32,316	$0	$32,316
J CRAIG KESLER	DIRECTOR	2.50	Director	$44,211	$0	$44,211
LEON FULMER JR	DIRECTOR	5.00	Director	$26,882	$0	$26,882
BLAKE BRIGMAN	DIRECTOR	2.50	Director	$30,911	$0	$30,911
MELANIE B HAWKINS	DIRECTOR	5.00	Director	$39,461	$0	$39,461
BARBARA C BISHOP	DIRECTOR	5.00	Director	$35,281	$0	$35,281
GEORGE KEITH AVERY	PRESIDENT AN	50.00	Officer	$330,018	$120,045	$450,063
KEVIN SHULL	VP-ENGINEERI	50.00	Highest	$178,493	$72,034	$250,527
ARTHUR GUY	VP-FINANCE,	50.00	Highest	$170,351	$68,414	$238,765
LEANN HUTTO	VP-HUMAN RES	50.00	Highest	$129,385	$58,569	$187,954
ROBERT SHEALY	VP-OPERATION	50.00	Highest	$120,631	$55,088	$175,719
STEPHANIE SULLIVAN	VP-OPERATION	50.00	Highest	$124,875	$57,027	$181,902

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	$58,676,656	$58,649,684	$121,049,238	$26,972
2024	No data	No data	No data	No data
2023	$48,559,358	$48,559,358	$100,587,926	No data
2022	$45,705,196	$45,705,196	$94,155,817	No data
2021	$42,292,630	$41,676,814	$89,309,961	$615,816
2020	$41,242,289	$40,715,786	$82,349,560	$526,503
2019	$38,703,710	$39,846,026	$78,497,024	$-1,142,316
2018	$39,280,652	$39,280,652	$77,021,825	No data

NEWBERRY ELECTRIC COOPERATIVE INC