Appalachian Electric Cooperative (EIN 620116541) - 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

Legal Domicile

Principal Officer

JOSH COMPTON

Phone

8654752032

Tax Period

2022-07-01 to 2023-06-30

Appalachian Electric Cooperative is a major nonprofit that reported $126.3M in total revenue in fiscal year 2022. Expenses of $121.8M left a modest 4% surplus.

Mission

Distribution of Electricity to memberowners

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $119,623,655

Investment Income $540,029

Other Revenue $6,105,793

TOTAL REVENUE $126,269,477

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,323,717

Fundraising Expenses $0

Program Expenses $111,416,882

Other Expenses $112,469,726

TOTAL EXPENSES $121,793,443

Year-over-Year Comparison

	2022	2021	Change
Revenue	$126,269,477	$119,028,278	+0.1%
Expenses	$121,793,443	$111,416,882	+0.1%
Net Income	$4,476,034	$7,611,396	-0.4%

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

$353,250

Total Directors

$144,408

Key Employees

$156,211

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DALE FAIN	President	12.00	Director	$19,877	$0	$19,877
MARK ISOM	Vice President	8.000	Director	$14,773	$0	$14,773
JOHN AUSTIN	SecretaryTreasurer	9.000	Director	$17,614	$0	$17,614
RANDY BAXLEY	Director	8.000	Director	$15,364	$0	$15,364
MIKE NORTON	Director	12.00	Director	$15,744	$0	$15,744
MIKE HICKS	Director	8.000	Director	$15,354	$0	$15,354
TIM COLLINS	Director	8.000	Director	$14,474	$0	$14,474
SUE MCBEE	Director	8.000	Director	$15,704	$0	$15,704
GARY JETT	Director	8.000	Director	$15,504	$0	$15,504
GREG WILLIAMS	General Manager	55.00	Officer	$203,083	$0	$203,083
CONARD FRYE	VP of Admin	55.00	Officer	$150,167	$0	$150,167
JOE MCCARTER	VP of Engineering	55.00	Key Emp	$156,211	$0	$156,211
BRAD WATSON	Foreman	50.00	Highest	$124,530	$0	$124,530
JAMES CHAMBERS	Operating Supervisor	50.00	Highest	$142,080	$0	$142,080
ADAM NEWCOMB	Director of Engineerin	50.00	Highest	$127,183	$0	$127,183
DAVID MORGAN	Operating Supervisor	50.00	Highest	$131,288	$0	$131,288

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	$126,269,477	$121,793,443	$279,058,188	$4,476,034
2022	$119,028,278	$111,416,882	$242,163,198	$7,611,396
2021	$108,598,069	$103,184,968	$212,080,589	$5,413,101

Appalachian Electric Cooperative