PEACE RIVER ELECTRIC COOPERATIVE I… - Form 990 Financial Data

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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

1940

Legal Domicile

Principal Officer

RANDALL W SHAW

Phone

8637734116

Tax Period

2024-01-01 to 2024-12-31

PEACE RIVER ELECTRIC COOPERATIVE INC, founded in 1940, is a major nonprofit that reported $144.0M in total revenue in fiscal year 2024.

Mission

TO PROVIDE OUR MEMBERS RELIABLE ELECTRIC SERVICE AND EXCELLENT CUSTOMER SERVICE AT AFFORDABLE RATES.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS. 68,359 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL.

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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 $143,841,308

Investment Income $156,241

Other Revenue $35,969

TOTAL REVENUE $144,033,518

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,691,184

Fundraising Expenses $0

Other Expenses $129,684,993

TOTAL EXPENSES $144,033,518

Year-over-Year Comparison

	2024	2023	Change
Revenue	$144,033,518	$139,560,560	+0.0%
Expenses	$144,033,518	$139,560,560	+0.0%
Net Income	$0	$0	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

147

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

$47,460

Total Directors

$92,537

Key Employees

$445,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE VICKERS	DIRECTOR	6.00	Director	$9,100	$0	$9,100
HOLLIS ALBRITTON JR	PRESIDENT	5.00	Officer Director	$10,300	$0	$10,300
JOHN MARTIN	DIRECTOR	4.00	Director	$2,900	$0	$2,900
CHRIS PORTALE	VICE PRESIDENT	3.00	Officer Director	$9,200	$0	$9,200
WILLIE DAWES	SECRETARY/TREASURER	7.00	Officer Director	$10,960	$0	$10,960
ELLEN BACHMAN	ASST SECRETARY/TREAS	3.85	Officer Director	$17,000	$0	$17,000
LEONARD CRAWLEY	DIRECTOR	3.00	Director	$6,400	$6,577	$12,977
KENNETH ODEN	DIRECTOR	2.00	Director	$6,300	$0	$6,300
MARIE DASHER	DIRECTOR	3.25	Director	$13,800	$0	$13,800
RANDALL W SHAW	GENERAL MANAGER/CEO	45.00	Key Emp	$410,115	$35,063	$445,178
PAUL A ROBERTS	VP OF ENGINEERING	55.00	Highest	$231,409	$30,723	$262,132
LOUISE F BLACKMAN	VP - MEMBER SERVICES	45.00	Highest	$239,399	$20,269	$259,668
VAN CRAWFORD	VP OF OPERATIONS	45.00	Highest	$193,280	$16,857	$210,137
JAMES FONES	VP OF MKTG & MBR SVC	45.00	Highest	$175,679	$15,647	$191,326
TERESA HAMILTON	VP ACCOUNTING & ADMINISTRATION	55.00	Highest	$208,420	$28,837	$237,257

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	$144,033,518	$144,033,518	$414,973,561	No data
2023	$139,560,560	$139,560,560	$370,420,180	No data
2022	$140,368,590	$140,368,590	$346,115,413	No data
2022	$140,368,590	$140,368,590	$346,115,413	No data
2021	$110,943,049	$110,943,049	$298,485,094	No data
2020	$111,111,086	$111,111,086	$286,627,470	No data
2019	$105,085,667	$105,085,667	$276,625,790	No data
2018	$98,323,812	$98,323,812	$262,425,369	No data

PEACE RIVER ELECTRIC COOPERATIVE INC