FORKED DEER ELECTRIC COOPERATIVE I… - Form 990 Financial Data

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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

Principal Officer

JEFFERY NEWMAN

Phone

7318367508

Tax Period

2023-07-01 to 2024-06-30

FORKED DEER ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $25.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $24.8M left a modest 4% surplus.

Mission

ELECTRICITY SALES ARE GENERATED FROM SALES OF POWER TO THE COOPERATIVE MEMBERS. REVENUES ARE USED TO OFFSET PURCHASES OF POWER.

Program Service Accomplishments

Program 1

Expenses: $24,801,937 Revenue: $28,689,756

ELECTRICITY SALES ARE GENERATED FROM SALES OF POWER TO THE COOPERATIVE MEMBERS. REVENUES ARE USED TO OFFSET PURCHASES OF POWER.

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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 $25,323,664

Investment Income $329,308

Other Revenue $134,110

TOTAL REVENUE $25,787,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $929,242

Fundraising Expenses $0

Program Expenses $24,801,937

Other Expenses $23,872,695

TOTAL EXPENSES $24,801,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,787,082	$27,315,041	-0.1%
Expenses	$24,801,937	$25,551,489	0.0%
Net Income	$985,145	$1,763,552	-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

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

$214,722

Total Directors

$65,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY NEWMAN	GENERAL MANA	40.00	Officer	$205,672	$0	$205,672
RONNIE FISHER	DIRECTOR	1.00	Director	$10,250	$0	$10,250
KEITH WARREN	PRESIDENT	1.00	Officer Director	$9,050	$0	$9,050
RON WEIR	DIRECTOR	1.00	Director	$8,150	$0	$8,150
MIKE HARRIS	DIRECTOR	1.00	Director	$7,250	$0	$7,250
WALLY CHILDRESS	DIRECTOR	1.00	Director	$6,950	$0	$6,950
RONNIE ROBERTS	DIRECTOR	1.00	Director	$6,950	$0	$6,950
JOHNNIE FINLEY	DIRECTOR	1.00	Director	$6,350	$0	$6,350
SCOTTY NASH	DIRECTOR	1.00	Director	$6,050	$0	$6,050
DON SMITH	DIRECTOR	1.00	Director	$4,850	$0	$4,850
LYNN BURNETT	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
DAVID WALKER	SECRETARY/TR	1.00	Officer Director	$0	$0	$0

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	$25,787,082	$24,801,937	$66,990,577	$985,145
2023	$27,315,041	$25,551,489	$64,335,725	$1,763,552
2022	$25,026,166	$23,426,232	$61,237,963	$1,599,934
2021	$26,297,887	$22,692,266	$60,210,767	$3,605,621
2020	$23,204,964	$24,184,242	$55,897,365	$-979,278
2019	$23,886,301	$24,289,775	$42,113,743	$-403,474
2018	$22,963,872	$21,418,636	$35,952,812	$1,545,236

FORKED DEER ELECTRIC COOPERATIVE INC