Escambia River Electric Coop Inc

EIN: 590235225

Jay, FL

Total Revenue
$38,510,728
Total Expenses
$38,577,108
Total Assets
$129,048,523
Net Assets
$39,234,964
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
FL
Principal Officer
Ryan C Campbell
Phone
8506020214
Tax Period
2024-01-01 to 2024-12-31

Escambia River Electric Coop Inc, founded in 1939, is a mid-sized nonprofit that reported $38.5M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

To provide dependable electric service at competitive rates to the residents of northern Escambia County and Santa Rosa County Florida. Escambia River Electric Cooperative also provides water service to residents of northern Escambia County.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $35,518,458
Investment Income $30,631
Other Revenue $2,961,639
TOTAL REVENUE $38,510,728

Expense Breakdown

Grants Paid $0
Salaries & Benefits $697,147
Fundraising Expenses $0
Other Expenses $35,575,328
TOTAL EXPENSES $38,577,108

Year-over-Year Comparison

2024 2023 Change
Revenue $38,510,728 $33,191,393 +0.2%
Expenses $38,577,108 $33,120,460 +0.2%
Net Income $-66,380 $70,933 -1.9%
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

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Governance

Voting Members
10
Independent Members
10
Employees
76
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
2
$496,913
Total Directors
11
$39,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Hunsucker Trustee- President 2.00
Director
$3,900 $0 $3,900
Samuel Walker Trustee- Vice President 2.00
Director
$3,900 $0 $3,900
Dale Westmoreland Trustee-Secretary/Treasure 2.00
Director
$6,400 $0 $6,400
Mickey Diamond Trustee 2.00
Director
$3,600 $0 $3,600
James E Hall Trustee 2.00
Director
$3,600 $0 $3,600
Brian Davis Trustee 2.00
Director
$1,800 $0 $1,800
Ernie Hester Trustee 2.00
Director
$3,900 $0 $3,900
Philip Marshall Trustee 2.00
Director
$2,400 $0 $2,400
Gary Wiggins Trustee 2.00
Director
$4,800 $0 $4,800
J D Powell Trustee 2.00
Director
$800 $0 $800
Wesley Scott Trustee 2.00
Director
$3,900 $0 $3,900
Sonya Dooley VP of Finance and HR 35.00
Officer
$140,981 $40,672 $181,653
Ryan C Campbell CEO 45.00
Officer
$237,995 $77,265 $315,260
Lanie Sells Engineer 40.00
Highest
$119,099 $42,134 $161,233
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 $38,510,728 $38,577,108 $129,048,523 $-66,380
2023 $33,191,393 $33,120,460 $99,877,241 $70,933
2022 $31,915,839 $31,926,971 $79,007,740 $-11,132
2021 $29,868,014 $30,075,781 $67,490,390 $-207,767
2020 $26,778,936 $26,802,131 $67,244,819 $-23,195
2019 $27,486,158 $27,436,729 $62,257,854 $49,429
2018 $27,088,713 $26,143,898 $62,401,852 $944,815
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