CANEY FORK ELECTRIC COOPERATIVE INC (EIN 620148804) - 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

1940

Legal Domicile

Phone

9314733116

Tax Period

2023-07-01 to 2024-06-30

CANEY FORK ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $77.4M in total revenue in fiscal year 2023. Expenses of $72.6M left a modest 6% surplus.

Mission

To provide electric service in rural areas to the members of the 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,872,730

Investment Income $490,022

Other Revenue $12,883

TOTAL REVENUE $77,375,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $689,880

Fundraising Expenses $0

Program Expenses $72,594,780

Other Expenses $71,904,900

TOTAL EXPENSES $72,594,780

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,375,635	$77,606,579	0.0%
Expenses	$72,594,780	$73,021,422	0.0%
Net Income	$4,780,855	$4,585,157	+0.0%

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

N/A

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

$40,908

Total Directors

$95,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN NEWMAN	PRIOR GENERAL MGR	45.00		$174,768	$36,835	$211,603
JAMES MILRANEY	DIR. ENGINEERING	46.57		$150,158	$36,869	$187,027
KIM HENRY	CONTROLLER	45.00		$132,051	$40,597	$172,648
DANNY SUTTON	OPERATIONS DIRECTOR	50.00		$126,870	$39,359	$166,229
JAMES WATSON	LINEMAN	45.00		$119,728	$41,649	$161,377
JASON CLOYD	GENERAL MANAGER	45.00		$113,446	$44,564	$158,010
JEFERRY MOFFITT	LINEMAN	45.00		$114,983	$41,430	$156,413
BRANDON JOHNSON	WORKING FOREMAN	47.85		$114,669	$41,649	$156,318
HAROLD MEASLES	LINEMAN	45.00		$113,542	$41,480	$155,022
Mack Harney	President	3.65	Officer Director	$6,675	$13,486	$20,161
Michael Bouldin	Director	2.02	Director	$5,100	$8,743	$13,843
William R Floyd	Vice President	3.82	Director	$5,700	$6,263	$11,963
Glen H Page	Secretary/Treas	2.61	Officer Director	$5,550	$6,263	$11,813
Albert R Dicus	Director	2.76	Officer Director	$5,250	$3,684	$8,934
J Steve Roller	Director	2.13	Director	$4,950	$3,684	$8,634
James H Hillis	Director	1.72	Director	$4,350	$0	$4,350
Donna Fare	Director	0.96	Director	$4,050	$0	$4,050
JOHNNY R CRAIN	Director	0.73	Director	$3,400	$0	$3,400
Glenn Mitchell	Director	3.18	Director	$3,200	$0	$3,200
Jeremy Johnson	Director	3.55	Director	$1,800	$1,287	$3,087
Robert Robinson	Director	4.25	Director	$1,500	$644	$2,144

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	$77,375,635	$72,594,780	$157,172,585	$4,780,855
2023	$77,606,579	$73,021,422	$146,308,723	$4,585,157
2022	$73,547,577	$67,215,842	$145,317,750	$6,331,735
2021	$68,683,408	$61,347,709	$140,728,513	$7,335,699
2020	$67,677,573	$62,651,802	$136,758,342	$5,025,771
2019	$69,157,069	$65,842,251	$131,845,775	$3,314,818

CANEY FORK ELECTRIC COOPERATIVE INC