COWETA-FAYETTE EMC (EIN 580516995) - 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

1947

Legal Domicile

Principal Officer

CHRISTOPHER L STEPHENS

Phone

7705020226

Tax Period

2024-01-01 to 2024-12-31

COWETA-FAYETTE EMC, founded in 1947, is a major nonprofit that reported $245.2M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $232.1M left a modest 5% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $231,790,564

Investment Income $269,389

Other Revenue $13,106,479

TOTAL REVENUE $245,166,432

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,044,622

Fundraising Expenses $0

Other Expenses $214,282,624

TOTAL EXPENSES $232,059,953

Year-over-Year Comparison

	2024	2023	Change
Revenue	$245,166,432	$208,232,760	+0.2%
Expenses	$232,059,953	$197,602,123	+0.2%
Net Income	$13,106,479	$10,630,637	+0.2%

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

224

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

$845,094

Total Directors

$299,065

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES W FULTON III	DIRECTOR	8.13	Officer Director	$32,527	$0	$32,527
J NEAL SHEPARD JR	CHAIRMAN	4.33	Officer Director	$34,261	$0	$34,261
DANIEL LANGFORD	SECRETARY-TR	3.60	Officer Director	$32,749	$0	$32,749
THEROL R BROWN	DIRECTOR	7.02	Director	$36,537	$0	$36,537
DONALD HARRIS	DIRECTOR	2.73	Director	$29,849	$0	$29,849
ROSS HENRY	VICE CHAIRMA	2.54	Director	$31,899	$0	$31,899
JAMES HUNTER	DIRECTOR	6.56	Director	$32,499	$0	$32,499
ALICE J MALLORY	DIRECTOR	4.60	Director	$36,802	$0	$36,802
MILDRED A WINKLES	DIRECTOR	4.24	Director	$31,942	$0	$31,942
CHRISTOPHER L STEPHENS	PRESIDENT &	50.00	Officer	$569,190	$176,367	$745,557
DAN HART	CEO-NATURAL	50.00	Highest	$1,024,241	$144,629	$1,168,870
STANLEY SITZLER	COO	50.00	Highest	$372,003	$48,313	$420,316
KEITH TUNISON	CFO TRUE NAT	50.00	Highest	$311,214	$69,923	$381,137
LESLIE MARLER	SENIOR VP S&	50.00	Highest	$289,289	$65,125	$354,414
CLARENCE WRIGHT	EVP-ENGINEER	50.00	Highest	$256,737	$78,669	$335,406

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	$245,166,432	$232,059,953	$513,776,134	$13,106,479
2023	$208,232,760	$197,602,123	$469,193,110	$10,630,637
2022	$210,303,970	$214,065,727	$434,427,704	$-3,761,757
2021	$186,432,980	$184,524,960	$416,915,682	$1,908,020
2020	$182,895,453	$178,585,500	$397,783,572	$4,309,953
2019	$188,539,323	$186,347,445	$377,231,738	$2,191,878
2018	$183,269,905	$181,187,884	$343,951,304	$2,082,021

COWETA-FAYETTE EMC