TRI-COUNTY ELECTRIC COOPERATIVE INC

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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

1941

Legal Domicile

Principal Officer

JULIUS HACKETT

Phone

8509732285

Tax Period

2025-01-01 to 2025-12-31

TRI-COUNTY ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $64.8M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

PROVIDE QUALITY-SAFE-AFFORDABLE ELECTRIC SERVICE POWERED BY MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $64,036,204

SALE OF ELECTRICITY TO COOPERATIVE MEMBERS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $63,876,644

Investment Income $48,629

Other Revenue $860,931

TOTAL REVENUE $64,786,204

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,328,803

Fundraising Expenses $0

Program Expenses $64,036,204

Other Expenses $61,053,978

TOTAL EXPENSES $64,036,204

Year-over-Year Comparison

	2025	2024	Change
Revenue	$64,786,204	$59,242,930	+0.1%
Expenses	$64,036,204	$59,992,930	+0.1%
Net Income	$750,000	$-750,000	-2.0%

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

$1,296,404

Total Directors

$52,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN WHITE	TRUSTEE	3.00	Director	$5,200	$0	$5,200
BOBBY DODD	PRESIDENT	3.00	Officer Director	$7,000	$0	$7,000
CATHERINE BETHEA	SECRETARY/TREASURER	3.00	Officer Director	$6,600	$0	$6,600
DONNIE WALDREP	VICE PRESIDENT	3.00	Officer Director	$6,400	$0	$6,400
ANN HERRING	TRUSTEE	3.00	Director	$6,200	$0	$6,200
JOHN CRUCE	TRUSTEE	3.00	Director	$5,200	$0	$5,200
GEORGE WEBB	TRUSTEE	3.00	Director	$8,800	$0	$8,800
JOHNNY EDWARDS	TRUSTEE	3.00	Director	$2,800	$0	$2,800
JUNIOR SMITH	TRUSTEE	3.00	Director	$4,200	$0	$4,200
H JULIUS HACKETT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$327,700	$71,850	$399,550
JEFF BREWER	VP ENGINEERING	40.00	Officer	$162,878	$87,331	$250,209
WENDELL WILLIAMS	VP FINANCE	40.00	Officer	$150,678	$75,566	$226,244
JOHN TUTEN	VP OPERATIONS	40.00	Officer	$142,414	$50,917	$193,331
EILEEN HERNDON	VP CORPORATE SVCS	40.00	Officer	$136,169	$70,901	$207,070
JOHN NASH	COOPERATIVE FOREMAN	40.00	Highest	$138,336	$73,445	$211,781
MICHAEL S HENDERSON	DISTRICT CREW LEADER	40.00	Highest	$122,891	$66,924	$189,815
CODY HOLDEN	CREW LEADER	40.00	Highest	$121,273	$64,276	$185,549
JASON HUGHEY	APPARATUS TECHNICIAN	40.00	Highest	$122,654	$65,921	$188,575
DERRICK CALHOUN	IT DIRECTOR	40.00	Highest	$122,905	$74,973	$197,878

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	$64,786,204	$64,036,204	$298,522,200	$750,000
2024	$59,242,930	$59,992,930	$273,464,698	$-750,000
2023	$52,888,646	$52,888,646	$193,404,609	No data
2022	$53,542,460	$53,542,460	$118,418,057	No data
2021	$40,691,529	$40,691,529	$102,346,093	No data
2020	$39,706,561	$39,706,561	$99,676,333	No data
2019	$40,644,380	$40,644,380	$97,541,131	No data
2018	$40,441,015	$40,441,015	$95,764,105	No data