JACKSON PURCHASE ENERGY CORPORATION (EIN 610236522) - 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

GREG H GRISSOM

Phone

2704427321

Tax Period

2023-01-01 to 2023-12-31

JACKSON PURCHASE ENERGY CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $92.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

DISTRIBUTION SALES OF ELECTRICITY TO APPROXIMATELY 30,536 MEMBER OWNERS ON A PATRONAGE BASIS.

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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 $90,648,566

Investment Income $309,496

Other Revenue $1,211,996

TOTAL REVENUE $92,170,058

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $10,194,494

Fundraising Expenses $0

Program Expenses $92,170,058

Other Expenses $81,116,767

TOTAL EXPENSES $92,170,058

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,170,058	$99,427,396	-0.1%
Expenses	$92,170,058	$99,427,396	-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

$762,547

Total Directors

$78,500

Key Employees

$456,610

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERICK HARRIS	CHAIRMAN	7.50	Officer Director	$10,800	$0	$10,800
JACK MARSHALL	VICE CHAIRMAN	7.50	Officer Director	$9,850	$0	$9,850
WAYNE ELLIOTT	SECRETARY TREAS	7.50	Officer Director	$7,800	$0	$7,800
LEE BEARDEN	DIRECTOR	7.50	Director	$10,225	$0	$10,225
DAVID BROWN	DIRECTOR	7.50	Director	$10,875	$0	$10,875
JOSHUA BARNES	DIRECTOR	7.50	Director	$8,525	$0	$8,525
KEVIN BELL	DIRECTOR	7.50	Director	$9,550	$0	$9,550
TERRY TEITLOFF	DIRECTOR	7.50	Director	$10,875	$0	$10,875
WARD MORGAN	VP OF OPERATIONS & TECHNIC	50.00	Officer	$165,362	$36,952	$202,314
SCOTT ADAIR	VP OF HR & MEMBERS SVCS	50.00	Officer	$159,777	$36,001	$195,778
MEREDITH KENDALL	VP, ACCOUNTING & FINANCE	50.00	Officer	$135,846	$33,331	$169,177
TRAVIS SPICELAND	VP OF ENGINEERING	50.00	Officer	$133,212	$33,616	$166,828
GREG GRISSOM	PRESIDENT & CEO	50.00	Key Emp	$346,287	$110,323	$456,610
MICHAEL WASHAM	CREW LEADER	50.00	Highest	$159,138	$52,065	$211,203
JASON GIPSON	CREW LEADER	50.00	Highest	$153,314	$40,741	$194,055
JAMES TODD	CREW LEADER	50.00	Highest	$152,634	$52,065	$204,699
TERRY DOUBLIN	CREW LEADER	50.00	Highest	$151,634	$52,065	$203,699
KENNY HARPER	CREW LEADER	50.00	Highest	$149,363	$52,065	$201,428

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$92,170,058	$92,170,058	$158,268,629	No data
2022	$99,427,396	$99,427,396	$156,746,077	No data
2021	$68,055,935	$68,055,935	$143,576,646	No data
2020	$67,226,411	$67,226,411	$131,470,534	No data
2019	$70,977,280	$70,977,280	$113,283,833	No data
2018	$75,116,372	$75,116,372	$113,178,036	No data

JACKSON PURCHASE ENERGY CORPORATION