East Kentucky Power Cooperative Inc (EIN 610461919) - 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

Phone

8597444812

Tax Period

2024-01-01 to 2024-12-31

East Kentucky Power Cooperative Inc, founded in 1941, is a large national nonprofit that reported $1.2B in total revenue in fiscal year 2024.

Mission

East Kentucky Power Cooperative exists to serve its member-owned cooperatives by safely delivering reliable, competitive and sustainable energy and related services.

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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 $1,144,064,401

Investment Income $8,187,931

Other Revenue $1,052,007

TOTAL REVENUE $1,153,304,339

Expense Breakdown

Grants Paid $116,489

Salaries & Benefits $122,340,581

Fundraising Expenses $0

Program Expenses $0

Other Expenses $1,024,228,065

TOTAL EXPENSES $1,146,685,135

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,153,304,339	$1,127,394,084	+0.0%
Expenses	$1,146,685,135	$1,109,538,413	+0.0%
Net Income	$6,619,204	$17,855,671	-0.6%

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

833

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

$3,464,979

Total Directors

$534,900

Key Employees

$2,559,278

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES A AHRMAN	CHAIRMAN	19.0	Officer Director	$27,100	$27,100	$54,200
GREGORY H CORBIN	TREASURER, TERM ENDED JUNE 2024	15.0	Officer Director	$19,700	$0	$19,700
JODY E HUGHES	VICE CHAIRMAN	15.0	Officer Director	$40,300	$0	$40,300
RANDY D SEXTON	SECRETARY	10.0	Officer Director	$38,600	$0	$38,600
TIMOTHY S ELDRIDGE	TREASURER, EFFECTIVE JUNE 2024	8.0	Officer Director	$35,400	$0	$35,400
BORIS W HAYNES	DIRECTOR	12.0	Director	$33,000	$0	$33,000
CHRIS A TUCKER	DIRECTOR, EFFECTIVE JUNE 2024	7.0	Director	$13,200	$0	$13,200
DANNY L WALLEN	DIRECTOR	4.0	Director	$30,000	$0	$30,000
ELBERT HAMPTON	DIRECTOR, TERM ENDED JUNE 2024	4.0	Director	$12,800	$0	$12,800
HAROLD L DUPUY	DIRECTOR	10.0	Director	$25,600	$0	$25,600
JOSEPH H SPALDING	DIRECTOR	11.0	Director	$34,900	$0	$34,900
KEVIN HOWARD	DIRECTOR	7.0	Director	$25,200	$0	$25,200
LANSFORD H LAY	DIRECTOR, EFFECTIVE JUNE 2024	14.0	Director	$12,800	$0	$12,800
OLIVER L CORNETT JR	DIRECTOR	10.0	Director	$37,000	$0	$37,000
R WAYNE STRATTON	DIRECTOR	6.0	Director	$25,950	$8,650	$34,600
RAYMOND E THOMAS	DIRECTOR	8.0	Director	$28,800	$0	$28,800
STEVEN D HALE	DIRECTOR	11.0	Director	$28,000	$0	$28,000
WILLIAM G MADDOX	DIRECTOR	9.0	Director	$30,800	$0	$30,800
ANTHONY S CAMPBELL	PRESIDENT & CEO	60.0	Officer	$1,654,512	$117,341	$1,771,853
CLIFTON E SCOTT	EVP, CHIEF FINANCIAL OFFICER	50.0	Officer	$493,250	$68,078	$561,328
DON M MOSIER	EVP, CHIEF OPERATING OFFICER	60.0	Officer	$879,048	$64,550	$943,598
CRAIG A JOHNSON	SR. VP, POWER PRODUCTION	50.0	Key Emp	$860,195	$244,905	$1,105,100
DAVID S SAMFORD	GENERAL COUNSEL	60.0	Key Emp	$454,215	$155,819	$610,034
DENVER YORK	SR. VP, POWER DELIVERY & SYSTEM OPERATIONS	45.0	Key Emp	$328,882	$161,463	$490,345
JULIA J TUCKER	VP, POWER SUPPLY	40.0	Key Emp	$269,380	$84,419	$353,799
BRADFORD A YOUNG	VP, ENGINEERING & CONSTRUCTION	60.0	Highest	$287,182	$58,710	$345,892
DENISE FOSTER CRONIN	VP, FEDERAL & RTO REGULATORY AFFAIRS	40.0	Highest	$315,734	$88,128	$403,862
JERRY B PURVIS	VP, ENVIRONMENTAL AFFAIRS	55.0	Highest	$285,287	$140,437	$425,724
ROGER R COWDEN	SR. CORPORATE COUNSEL	50.0	Highest	$283,368	$54,122	$337,490
THOMAS J STACHNIK	VP, FINANCE & TREASURER	50.0	Highest	$325,709	$100,090	$425,799
DAVID M CREWS	FORMER KEY EMPLOYEE, SR. VP, POWER SUPPLY, RETIRED 04/2024	60.0		$214,173	$16,574	$230,747
JOSEPH T VONDERHAAR	PLANT MANAGER-SPURLOCK	50.0		$266,717	$40,018	$306,735

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	$1,153,304,339	$1,146,685,135	$3,883,147,227	$6,619,204
2023	$1,127,394,084	$1,109,538,413	$3,884,916,295	$17,855,671
2022	$1,267,806,504	$1,231,926,165	$3,752,442,908	$35,880,339
2021	$954,101,068	$943,558,984	$3,550,114,968	$10,542,084
2020	$801,623,696	$772,931,788	$3,509,371,557	$28,691,908
2019	$887,544,386	$843,340,349	$3,776,381,487	$44,204,037
2018	$928,797,722	$888,128,934	$3,810,801,528	$40,668,788

East Kentucky Power Cooperative Inc