WITHLACOOCHEE RIVER ELECTRIC COOPE… - 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

1941

Legal Domicile

Principal Officer

DAVID B LAMBERT II

Phone

3525675133

Tax Period

2025-01-01 to 2025-12-31

WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC, founded in 1941, is a major nonprofit that reported $674.6M in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $626.5M left a modest 7% surplus.

Mission

THE GOAL OF THE COOPERATIVE IS TO PROVIDE EACH OF ITS MEMBERS THE BEST POSSIBLE SERVICE AT THE LOWEST COST.

Program Service Accomplishments

Program 1

Expenses: $626,516,928 Revenue: $666,697,306

SALE OF ELECTRICITY TO MEMBERS-RURAL ELECTRIC COOPERATIVE

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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 $666,697,306

Investment Income $6,953,395

Other Revenue $990,845

TOTAL REVENUE $674,641,546

Expense Breakdown

Grants Paid $250,457

Salaries & Benefits $3,980,856

Fundraising Expenses $0

Program Expenses $626,516,928

Other Expenses $598,093,826

TOTAL EXPENSES $626,516,928

Year-over-Year Comparison

	2025	2024	Change
Revenue	$674,641,546	$601,244,559	+0.1%
Expenses	$626,516,928	$575,986,025	+0.1%
Net Income	$48,124,618	$25,258,534	+0.9%

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

Governance

Voting Members

Independent Members

Employees

630

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

$1,435,565

Total Directors

$335,026

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA P BECHTELHEIMER	TRUSTEE	10.00	Director	$33,931	$0	$33,931
ALAN HENGESBACH	SEC'Y/TREASURER	15.00	Officer Director	$54,004	$0	$54,004
DAVID HUNNICUTT	TRUSTEE	15.00	Director	$21,650	$0	$21,650
KIMBERLY KINNEY	TRUSTEE	10.00	Director	$33,605	$0	$33,605
DESMOND G LITTLE	TRUSTEE THRU 9/2025	10.00	Director	$29,888	$0	$29,888
PAUL LITTLE	TRUSTEE	10.00	Director	$44,478	$0	$44,478
TERRENCE SCHRADER	PRESIDENT	15.00	Officer Director	$48,604	$0	$48,604
ROBERT BARTHLE	TRUSTEE	10.00	Director	$39,604	$0	$39,604
ROBERT W STRICKLAND	VICE PRESIDENT	15.00	Officer Director	$25,066	$0	$25,066
JOSEPH MARINA	TRUSTEE	10.00	Director	$4,196	$0	$4,196
DAVID B LAMBERT II	GENERAL MANAGER	70.00	Officer	$766,189	$254,115	$1,020,304
RONNIE DEESE	MANAGER THRU 1/2025	50.00	Officer	$285,260	$2,327	$287,587
MARLIN SEXTON JR	MANAGER TRANSMISSION PLANNER	55.00	Highest	$271,010	$124,823	$395,833
KRISTINA S WALZAK	MGR HR & JOB TRAINING & SA	55.00	Highest	$294,446	$221,574	$516,020
GARY F STEELE JR	MANAGER-MEMBER RELAT	60.00	Highest	$329,308	$165,969	$495,277
RICKY E GUDE	DISTRICT MANAGER	55.00	Highest	$277,536	$147,158	$424,694
RALPH J BURDIN JR	MANAGER ENERGY & SYSTEM RELIABILITY	55.00	Highest	$262,426	$243,688	$506,114

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	$674,641,546	$626,516,928	$1,502,854,443	$48,124,618
2024	$601,244,559	$575,986,025	$1,501,239,477	$25,258,534
2023	$574,812,838	$536,323,840	$1,340,349,704	$38,488,998
2022	$584,081,760	$561,756,607	$1,278,036,654	$22,325,153
2021	$476,736,829	$465,604,862	$1,217,179,383	$11,131,967
2020	$487,757,302	$469,303,107	$1,139,078,070	$18,454,195
2019	$484,711,016	$461,563,148	$1,129,965,078	$23,147,868
2018	$482,819,489	$449,865,829	$1,068,865,945	$32,953,660

WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE INC