TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION (EIN 610359668) - 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

1938

Legal Domicile

Principal Officer

JEFFREY WILLIAMS

Phone

8449702739

Tax Period

2024-01-01 to 2024-12-31

TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $62.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

DISTRIBUTION SALES OF ELECTRICITY TO A MONTHLY AVERAGE OF APPROXIMATELY 28,085 CONSUMERS 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $61,913,057

Investment Income $-58,141

Other Revenue $936,156

TOTAL REVENUE $62,791,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,464,525

Fundraising Expenses $0

Program Expenses $62,791,072

Other Expenses $52,797,584

TOTAL EXPENSES $62,791,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,791,072	$57,000,482	+0.1%
Expenses	$62,791,072	$57,000,482	+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

$540,163

Total Directors

$148,075

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD TAYLOR	PRESIDENT	5.00	Officer Director	$18,825	$0	$18,825
CHRIS TUCKER	VICE-PRESIDENT	5.00	Officer Director	$23,375	$0	$23,375
BRADLEY IRVIN	TREASURER	4.00	Officer Director	$21,475	$0	$21,475
GREG CORBIN	DIRECTOR	8.00	Director	$24,350	$0	$24,350
MARK WOODRUM	SECRETARY	4.00	Officer Director	$19,800	$0	$19,800
KYLE MILBY	DIRECTOR	2.00	Director	$19,800	$0	$19,800
WAYNE STEARMAN	DIRECTOR	3.00	Director	$20,450	$0	$20,450
JEFFREY WILLIAMS	CEO	40.00	Officer	$238,627	$68,162	$306,789
PATSY WALTERS	VP OF FINANCE & CUSTOMER SERVICE	40.00	Officer	$105,165	$44,734	$149,899
MIKE SKAGGS	VP OF ENGINEERING	40.00	Highest	$127,269	$48,556	$175,825
LAWRENCE LONG	SERVICEMAN	60.00	Highest	$148,415	$41,006	$189,421
TRACY MOSS	SERVICEMAN	56.00	Highest	$137,335	$35,922	$173,257
JOHN EDWARDS	SERVICEMAN	51.00	Highest	$119,569	$36,475	$156,044
STEVEN SHOFNER	FOREMAN	50.00	Highest	$126,115	$42,497	$168,612

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	$62,791,072	$62,791,072	$114,642,587	No data
2023	$57,000,482	$57,000,482	$110,772,331	No data
2022	$62,598,372	$62,598,372	$105,673,613	No data
2021	$50,803,571	$50,803,571	$102,430,391	No data
2020	$45,080,015	$45,080,015	$101,443,842	No data
2019	$48,500,322	$48,500,322	$96,425,288	No data
2018	$51,647,795	$51,647,795	$94,666,126	No data

TAYLOR COUNTY RURAL ELECTRIC COOPERATIVE CORPORATION