Suwannee Valley Electric Cooperative (EIN 590472323) - 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

Michael S McWaters

Phone

3863622226

Tax Period

2023-01-01 to 2023-12-31

Suwannee Valley Electric Cooperative, founded in 1937, is a mid-sized nonprofit that reported $70.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

The Cooperative's responsibility and aim as a member owned organization is to provide excellent and reliable customer service with competitive rates while enhancing the quality of life of residents in the Suwannee River Valley.

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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 $70,234,881

Investment Income $338,078

Other Revenue $-610,956

TOTAL REVENUE $69,962,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,280,298

Fundraising Expenses $0

Other Expenses $67,649,451

TOTAL EXPENSES $69,962,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,962,003	$76,170,256	-0.1%
Expenses	$69,962,003	$76,170,256	-0.1%
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

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

$692,950

Total Directors

$70,750

Key Employees

$549,348

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jerry Goff	Vice President	1.60	Director	$6,500	$0	$6,500
Cynthia Boyette	Secretary	1.00	Director	$9,500	$0	$9,500
Sidney Lord	Director/Trustee	0.90	Director	$5,500	$0	$5,500
Hugh Hunter	Director/Trustee	1.00	Director	$7,750	$0	$7,750
Tyler Putnal	Director/Trustee	2.40	Officer Director	$9,500	$0	$9,500
Laure Bee Roberson III	Director/Trustee	1.00	Officer Director	$7,250	$0	$7,250
Charles Walker	Treasurer	3.70	Officer Director	$9,250	$0	$9,250
Michael Adams	President	1.00	Officer Director	$6,750	$0	$6,750
Francene Folsom	Director/Trustee	1.40	Director	$8,750	$0	$8,750
Mike McWaters	CEO	50.00	Officer	$310,312	$179,441	$489,753
Christine Moor	CFO	45.00	Officer	$144,160	$26,287	$170,447
Kurt Miller	Director of Engineering	40.00	Key Emp	$195,598	$98,807	$294,405
Mark Mosley	Director of Safety	50.00	Key Emp	$178,751	$76,192	$254,943
John Robinson	Director of Member Service	44.00	Highest	$140,372	$47,647	$188,019
Crystal Ecker	General Counsel	45.00	Highest	$124,693	$13,947	$138,640
Jodi Hughes	Journeyman Lineman	62.00	Highest	$132,300	$32,463	$164,763
Hunter Ash	Journeyman Lineman	55.00	Highest	$118,979	$28,751	$147,730
Trevor Touchton	Manager of Power Technical	45.00	Highest	$130,401	$34,803	$165,204

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	No data	No data	No data	No data
2023	$69,962,003	$69,962,003	$261,730,501	No data
2022	$76,170,256	$76,170,256	$150,357,185	No data
2021	$59,543,683	$59,543,683	$144,309,853	No data
2020	$59,096,020	$59,096,020	$143,600,601	No data
2019	$61,942,177	$61,942,177	$134,899,691	No data
2018	$62,351,686	$62,351,686	$131,547,461	No data

Suwannee Valley Electric Cooperative