FORT LOUDOUN ELECTRIC COOPERATIVE (EIN 620204106) - 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

Principal Officer

MICHAEL C WEBB

Phone

8773532674

Tax Period

2024-07-01 to 2025-06-30

FORT LOUDOUN ELECTRIC COOPERATIVE, founded in 1940, is a mid-sized nonprofit that reported $93.2M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $89.4M left a modest 4% surplus.

Mission

TO PROVIDE ELECTRICITY TO RURAL AREAS OF MONROE, LOUDON, AND BLOUNT COUNTIES IN EAST TENNESSEE.

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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 $89,979,810

Investment Income $739,476

Other Revenue $2,435,573

TOTAL REVENUE $93,154,859

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,212,093

Fundraising Expenses $0

Program Expenses $89,411,764

Other Expenses $82,199,671

TOTAL EXPENSES $89,411,764

Year-over-Year Comparison

	2024	2023	Change
Revenue	$93,154,859	$82,796,643	+0.1%
Expenses	$89,411,764	$81,568,069	+0.1%
Net Income	$3,743,095	$1,228,574	+2.0%

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

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

$937,897

Total Directors

$103,320

Key Employees

$198,821

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNY STEPHENS	DIRECTOR	5.00	Director	$14,400	$0	$14,400
VERNON DAVIS	DIRECTOR	5.00	Director	$11,250	$0	$11,250
LEWIS JONES	DIRECTOR	5.00	Director	$13,550	$0	$13,550
BEN WARD	DIRECTOR	5.00	Director	$15,300	$0	$15,300
JR PUGH	DIRECTOR	5.00	Director	$10,850	$0	$10,850
ANGELA TALLENT	DIRECTOR	5.00	Director	$10,500	$0	$10,500
MIKE WIGGINS	DIRECTOR	5.00	Director	$13,520	$0	$13,520
TOM GREENE	DIRECTOR	5.00	Director	$4,700	$0	$4,700
CRYSTAL GREENE	DIRECTOR	5.00	Director	$8,250	$0	$8,250
TODD PUGH	DIRECTOR	5.00	Director	$1,000	$0	$1,000
LISA LINGERFELT	VP	41.00	Officer	$119,929	$38,210	$158,139
SHEILA MONTOOTH	VP	41.00	Officer	$120,888	$32,035	$152,923
JARROD BRACKETT	CEO	44.00	Officer	$180,928	$44,603	$225,531
MICHAEL C WEBB	CFO	41.00	Officer	$154,617	$41,856	$196,473
LELAND CHAD KIRKPATRICK	VP	43.00	Officer	$160,471	$44,360	$204,831
SHANE SCHAFFER	SUPERVISOR	59.00	Key Emp	$158,907	$39,914	$198,821
MASSEY PRINCE	JOURNEYMAN LINEMAN	54.00	Highest	$147,203	$16,509	$163,712
ERIC GIBSON	FOREMAN	50.00	Highest	$131,951	$21,379	$153,330
ROBERT HUNT	FOREMAN	53.00	Highest	$130,787	$20,225	$151,012
DREW NOBLETT	JOURNEYMAN LINEMAN	54.00	Highest	$143,360	$20,764	$164,124
PHILLIP TEAGUE	FOREMAN	52.00	Highest	$152,072	$32,941	$185,013

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	$93,154,859	$89,411,764	$121,371,766	$3,743,095
2024	$82,796,643	$81,568,069	$118,182,207	$1,228,574
2023	$83,744,387	$80,369,305	$117,508,880	$3,375,082
2022	$78,018,247	$72,927,655	$113,234,004	$5,090,592
2021	$72,041,302	$67,033,171	$106,854,090	$5,008,131
2020	$70,352,636	$67,417,571	$102,240,946	$2,935,065
2019	$71,518,971	$69,189,432	$101,622,412	$2,329,539

FORT LOUDOUN ELECTRIC COOPERATIVE