DIVERSE POWER INCORPORATED (EIN 580465897) - 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

R WAYNE LIVINGSTON

Phone

7068452000

Tax Period

2023-01-01 to 2023-12-31

DIVERSE POWER INCORPORATED, founded in 1936, is a major nonprofit that reported $117.2M in total revenue in fiscal year 2023.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,078,680

Investment Income $148,545

Other Revenue $0

TOTAL REVENUE $117,227,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $804,621

Fundraising Expenses $0

Program Expenses $117,227,225

Other Expenses $109,594,522

TOTAL EXPENSES $117,227,225

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,227,225	$117,829,336	0.0%
Expenses	$117,227,225	$117,829,336	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

151

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

$625,421

Total Directors

$251,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES KNIGHT	CHAIRMAN	6.00	Officer Director	$28,600	$0	$28,600
WILLIAM COUCH	VICE CHAIRMA	7.00	Officer Director	$28,500	$0	$28,500
KIM CURRY	SECRETARY	6.00	Officer Director	$27,600	$0	$27,600
JIMMY G BAILEY	DIRECTOR	9.00	Director	$27,500	$0	$27,500
HARRELL LANDRETH	DIRECTOR	6.00	Director	$26,100	$0	$26,100
DAVID MURPHY	DIRECTOR	8.00	Director	$22,800	$0	$22,800
BRAD MORGAN	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD WILLIAMS	DIRECTOR	10.00	Director	$26,300	$0	$26,300
LARRY KEITH	DIRECTOR	8.00	Director	$17,500	$0	$17,500
ROY TOLLERSON JR	DIRECTOR	4.00	Director	$22,200	$0	$22,200
LARRY WILLIAMSON	DIRECTOR	12.00	Director	$24,800	$0	$24,800
CHERYL MEADOWS	DIRECTOR EME	0.00		$12,000	$0	$12,000
R WAYNE LIVINGSTON	PRESIDENT/CE	50.00	Officer	$477,941	$62,780	$540,721
RANDY SHEPARD	SVP-CBO	50.00	Highest	$317,740	$70,442	$388,182
ANDREW KILGORE	SVP-CFO	50.00	Highest	$224,295	$68,937	$293,232
JAMIN BLAIR	SVP-CENGO	50.00	Highest	$221,862	$91,086	$312,948
CHARLES REDMOND	VP-STAKING &	50.00	Highest	$184,674	$53,001	$237,675
STEVE TITTLE	VP-IT	50.00	Highest	$176,244	$62,033	$238,277

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$117,227,225	$117,227,225	$255,497,385	No data
2022	$117,829,336	$117,829,336	$239,882,222	No data
2021	$97,558,821	$98,293,039	$217,553,000	$-734,218
2020	$94,550,023	$97,436,103	$214,481,913	$-2,886,080
2019	$97,578,084	$97,339,994	$208,951,768	$238,090
2018	$96,239,975	$96,075,721	$203,235,313	$164,254

DIVERSE POWER INCORPORATED