TRI-COUNTY ELECTRIC COOPERATIVE INC (EIN 570263136) - 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

CHAD LOWDER

Phone

8038741215

Tax Period

2025-01-01 to 2025-12-31

TRI-COUNTY ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $62.0M in total revenue in fiscal year 2025.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $61,784,022

Investment Income $180,714

Other Revenue $0

TOTAL REVENUE $61,964,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $583,603

Fundraising Expenses $0

Other Expenses $58,319,932

TOTAL EXPENSES $63,711,582

Year-over-Year Comparison

	2025	2024	Change
Revenue	$61,964,736	$60,477,472	+0.0%
Expenses	$63,711,582	$58,185,768	+0.1%
Net Income	$-1,746,846	$2,291,704	-1.8%

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

$487,578

Total Directors

$171,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD LOWDER	CEO	50.00	Officer	$261,946	$150,412	$412,358
JERRELL FURTICK	COO	50.00	Highest	$190,161	$112,160	$302,321
CHRISTINA TURNAGE	VP OF FINANC	50.00	Highest	$182,302	$87,733	$270,035
SEAN ARSENAULT	VP TECH/TRIC	50.00	Highest	$148,092	$80,060	$228,152
JOHN ARANT	CONTRACT SUP	50.00	Highest	$123,456	$80,345	$203,801
GEORGE STONE	SERVICEMAN	50.00	Highest	$115,815	$87,918	$203,733
JAMES R DANTZLER	TRUSTEE	5.00	Director	$19,205	$0	$19,205
IDA L DIXON	TRUSTEE	5.00	Director	$19,205	$0	$19,205
WILLIE E JEFFRIES	TRUSTEE	5.00	Director	$19,205	$0	$19,205
JOE STRICKLAND JR	VICE PRESIDE	5.00	Officer Director	$19,205	$0	$19,205
WILLIAM ROBINSON	TRUSTEE	5.00	Director	$19,205	$0	$19,205
JACQUELINE S SHAW	SECRETARY	5.00	Officer Director	$19,205	$0	$19,205
BARBARA WESTON	PRESIDENT	5.00	Officer Director	$19,205	$0	$19,205
GEORGE WILSON	TRUSTEE	5.00	Director	$19,205	$0	$19,205
GARY F GEIGER	TREASURER	5.00	Officer Director	$17,605	$0	$17,605

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	$61,964,736	$63,711,582	$177,341,113	$-1,746,846
2024	$60,477,472	$58,185,768	$178,725,180	$2,291,704
2023	$53,067,650	$51,881,148	$173,402,940	$1,186,502
2022	$48,302,778	$49,617,281	$162,951,280	$-1,314,503
2021	$45,784,852	$45,750,458	$138,986,472	$34,394
2020	$44,160,884	$44,324,911	$112,327,920	$-164,027
2019	$44,673,882	$44,710,887	$103,672,390	$-37,005
2018	$45,643,306	$45,816,882	$101,742,787	$-173,576

TRI-COUNTY ELECTRIC COOPERATIVE INC