GULF COAST ELECTRIC COOPERATIVE (EIN 590543772) - 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

1941

Legal Domicile

Principal Officer

JOHN M BARTLEY JR

Phone

8506392216

Tax Period

2024-01-01 to 2024-12-31

GULF COAST ELECTRIC COOPERATIVE, founded in 1941, is a mid-sized nonprofit in the Mutual Benefit sector that reported $76.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $12.0M, a strong 16% operating margin.

Mission

PROVIDING ELECTRIC SALES TO 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $71,395,853

Investment Income $4,663,727

Other Revenue $68,135

TOTAL REVENUE $76,127,715

Expense Breakdown

Grants Paid $28,432

Salaries & Benefits $1,953,505

Fundraising Expenses $0

Other Expenses $61,649,670

TOTAL EXPENSES $64,119,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$76,127,715	$64,847,113	+0.2%
Expenses	$64,119,018	$60,240,049	+0.1%
Net Income	$12,008,697	$4,607,064	+1.6%

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

122

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

$827,293

Total Directors

$135,700

Key Employees

$215,663

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY F BLACK JR	TREASURER	2.50	Officer Director	$17,800	$0	$17,800
DONALD C GOODSON	BOARD DIRECTOR	2.50	Director	$15,700	$0	$15,700
BETTY J MOORE	VICE PRESIDENT	2.50	Officer Director	$13,950	$0	$13,950
DOUGLAS C BIRMINGHAM	BOARD DIRECTOR	2.50	Director	$15,700	$0	$15,700
EDWARD W JONES	BOARD DIRECTOR	2.50	Director	$19,850	$0	$19,850
RUPERT L BROWN	BOARD DIRECTOR	2.50	Director	$18,850	$0	$18,850
DWIGHT VAN LIEROP	PRESIDENT	2.50	Officer Director	$19,900	$0	$19,900
ROBERT L BYRD	BOARD DIRECTOR	2.50	Director	$13,950	$0	$13,950
KINNETH DANIELS	BOARD DIRECTOR	2.50	Director	$0	$0	$0
JOHN M BARTLEY JR	CEO	45.00	Officer	$382,417	$66,876	$449,293
LEONARD HINSON	COO	45.00	Officer	$315,861	$10,489	$326,350
JUSTIN BARNES	VP OF MEMBER SERVICE	45.00	Key Emp	$174,305	$41,358	$215,663
CHAD CREAMER	FOREMAN OF CONSTRUCTION	40.00	Highest	$128,570	$31,982	$160,552
TIMOTHY WADE	OPERATIONS SUPERVISR	40.00	Highest	$128,189	$15,890	$144,079
KRISTIN DOUGLAS	VP OF MARKETING	40.00	Highest	$138,135	$56,444	$194,579
WILLIAM COATNEY	INSPECTOR	40.00	Highest	$134,067	$34,628	$168,695
MICHAEL BARFIELD	TRAINING COORDINATOR	40.00	Highest	$131,337	$27,257	$158,594

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	$76,127,715	$64,119,018	$269,147,728	$12,008,697
2023	$64,847,113	$60,240,049	$244,338,633	$4,607,064
2022	$58,628,084	$55,115,909	$234,149,331	$3,512,175
2021	$58,878,465	$49,114,306	$224,365,619	$9,764,159
2020	$55,070,890	$47,176,519	$263,318,355	$7,894,371
2019	$50,893,126	$48,656,522	$254,687,927	$2,236,604
2018	$48,596,277	$45,836,641	$261,191,257	$2,759,636

GULF COAST ELECTRIC COOPERATIVE