JEFFERSON ENERGY COOPERATIVE (EIN 580303365) - 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

1937

Legal Domicile

Principal Officer

WAYNE GOSSAGE JR

Phone

7065472167

Tax Period

2024-01-01 to 2024-12-31

JEFFERSON ENERGY COOPERATIVE, founded in 1937, is a mid-sized nonprofit that reported $83.1M in total revenue in fiscal year 2024.

Mission

JEFFERSON ENERGY COOPERATIVE'S MISSION IS TO SAFELY DELIVER RELIABLE AND COMPETITIVELY PRICED ELECTRICITY TO OUR MEMBER-CONSUMERS. WE DO THIS THROUGH A HIGHLY SKILLED, COMMITTED AND MOTIVATED WORKFORCE. WE SERVE TO IMPROVE THE QUALITY OF LIFE FOR OUR MEMBERS AND COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $82,802,878

Investment Income $325,866

Other Revenue $16,292

TOTAL REVENUE $83,145,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $866,992

Fundraising Expenses $0

Program Expenses $83,145,036

Other Expenses $80,423,868

TOTAL EXPENSES $83,145,036

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,145,036	$79,306,347	+0.0%
Expenses	$83,145,036	$79,306,347	+0.0%
Net Income	$0	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

121

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

$691,236

Total Directors

$256,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HADDEN	CHAIRMAN	10.00	Officer Director	$26,415	$0	$26,415
TOMMY PHELPS	VICE CHAIRMA	10.50	Officer Director	$30,442	$0	$30,442
JAMES L GAY	SECRETARY-TR	9.00	Officer Director	$11,442	$12,000	$23,442
MARK DAVIS	DIRECTOR	9.50	Director	$3,865	$23,577	$27,442
OPHELIA MCCAIN	DIRECTOR	9.00	Director	$37,142	$0	$37,142
J TIM GARRETT	DIRECTOR	11.50	Director	$20,092	$5,850	$25,942
JOE SHURLEY	DIRECTOR	10.00	Director	$22,346	$0	$22,346
DEREK PARTRIDGE	DIRECTOR	9.50	Director	$27,442	$0	$27,442
RHONDA DAIGS	DIRECTOR	10.50	Director	$35,442	$0	$35,442
WAYNE GOSSAGE JR	PRESIDENT/CE	55.00	Officer	$234,180	$80,430	$314,610
KENNETH L JOHNSON	VP-LINE SERV	55.00	Highest	$235,601	$76,278	$311,879
KIM SHARPE	VP-CORPORATE	55.00	Highest	$224,761	$67,678	$292,439
MARTIN G POTTER	VP-INFORMATI	55.00	Highest	$206,598	$52,870	$259,468
CAMERON MARCHANT	MGR. ENG. SE	55.00	Highest	$165,995	$46,575	$212,570
LEVENSKI BROWN	CONSTR. SUPE	60.00	Highest	$169,970	$34,413	$204,383
CHARLES C DILLARD	CEO - RETIRE	40.00	Officer	$248,703	$47,624	$296,327

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	$83,145,036	$83,145,036	$221,022,932	No data
2023	$79,306,347	$79,306,347	$176,110,221	No data
2022	$78,631,525	$78,631,525	$168,461,526	No data
2021	$73,538,355	$73,538,355	$162,702,738	No data
2020	$72,255,548	$72,255,548	$155,081,076	No data
2019	$72,763,791	$72,763,791	$149,153,816	No data
2018	$73,224,593	$73,224,593	$147,469,103	No data

JEFFERSON ENERGY COOPERATIVE