COLQUITT ELECTRIC MEMBERSHIP CORPORATION (EIN 580201495) - 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

1936

Legal Domicile

Principal Officer

DANIEL NICHOLS

Phone

2299853620

Tax Period

2025-01-01 to 2025-12-31

COLQUITT ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a major nonprofit that reported $189.5M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

COLQUITT ELECTRIC MEMBERSHIP CORPORATION SELLS ELECTRICITY AND PROVIDES SERVICES TO MEMBER-OWNERS AS A RURAL ELECTRIC COOPERATIVE.

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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 $189,415,349

Investment Income $74,189

Other Revenue $49,056

TOTAL REVENUE $189,538,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $967,459

Fundraising Expenses $0

Other Expenses $174,050,897

TOTAL EXPENSES $190,103,599

Year-over-Year Comparison

	2025	2024	Change
Revenue	$189,538,594	$172,442,912	+0.1%
Expenses	$190,103,599	$173,073,147	+0.1%
Net Income	$-565,005	$-630,235	-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

215

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

$725,999

Total Directors

$310,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL NICHOLS	PRESIDENT/CE	50.00	Officer	$551,779	$105,060	$656,839
DOUGLAS LOFTIS	COO	40.00	Highest	$318,643	$105,030	$423,673
CHARLES TUCKER	VP OF ENGINE	40.00	Highest	$267,671	$87,575	$355,246
BRENDA ALDRIDGE	CFO	40.00	Highest	$234,017	$81,427	$315,444
ANDY CROFT	VP OF OPERAT	40.00	Highest	$209,904	$84,309	$294,213
JEFFERY PATTERSON	VP INFORMATI	40.00	Highest	$209,996	$49,435	$259,431
GARY A BRANCH	VICE CHAIRMA	3.00	Officer Director	$34,580	$0	$34,580
B DON COPELAND	DIRECTOR	3.00	Director	$34,580	$0	$34,580
BEN GRINER	SECRETARY-TR	3.00	Director	$34,580	$0	$34,580
THOMAS G COTHRON III	DIRECTOR	3.00	Director	$34,580	$0	$34,580
SIMMIE KING	DIRECTOR	3.00	Director	$34,580	$0	$34,580
PATTI PRICE NIEWOEHNER	DIRECTOR	3.00	Director	$34,580	$0	$34,580
CLAY UNDERWOOD	CHAIRMAN	3.00	Officer Director	$34,580	$0	$34,580
BOBBY E EXUM	DIRECTOR	3.00	Director	$33,980	$0	$33,980
HUEY HIERS	DIRECTOR - J	3.00	Director	$24,885	$0	$24,885
BRETT BENNETT	DIRECTOR: OC	3.00	Director	$9,695	$0	$9,695

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	$189,538,594	$190,103,599	$411,719,126	$-565,005
2024	$172,442,912	$173,073,147	$432,277,384	$-630,235
2023	$161,729,916	$161,673,086	$352,432,205	$56,830
2022	$169,746,610	$169,215,483	$343,469,059	$531,127
2021	$137,703,553	$137,229,772	$314,657,706	$473,781
2020	$130,746,516	$130,156,652	$299,154,438	$589,864
2019	$138,849,834	$138,566,237	$291,649,436	$283,597
2018	$136,004,025	$135,762,432	$273,432,100	$241,593

COLQUITT ELECTRIC MEMBERSHIP CORPORATION