PLATEAU ELECTRIC COOPERATIVE (EIN 620326835) - 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

1939

Legal Domicile

Phone

4235698591

Tax Period

2024-07-01 to 2025-06-30

PLATEAU ELECTRIC COOPERATIVE, founded in 1939, is a mid-sized nonprofit that reported $51.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $49.1M left a modest 4% surplus.

Mission

PLATEAU ELECTRIC COOPERATIVE EXISTS TODAY TO DISTRIBUTE QUALITY ELECTRICITY AT THE LOWEST POSSIBLE COST, PROMOTE AND FACILITATE ECONOMIC DEVELOPMENT, AND ENHANCE THE QUALITY OF LIFE FOR ITS MEMBERS.

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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 $51,269,957

Investment Income $65,477

Other Revenue $0

TOTAL REVENUE $51,335,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,016,543

Fundraising Expenses $0

Other Expenses $44,105,957

TOTAL EXPENSES $49,122,500

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,335,434	$46,778,890	+0.1%
Expenses	$49,122,500	$45,947,762	+0.1%
Net Income	$2,212,934	$831,128	+1.7%

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

$91,350

Total Directors

$199,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PROFFITT	CEO	50.00		$216,106	$49,536	$265,642
JOEL MCCARTT	DIRECTOR OF ENGINEERING	50.00		$155,864	$66,544	$222,408
RICHARD SEXTON	LINE FOREMAN	50.00		$156,130	$60,444	$216,574
HUNTER HENRY	JOURNEYMAN LINEMAN	50.00		$157,990	$40,187	$198,177
ANTHONY OVERTON	GROUNDMAN	50.00		$149,982	$46,168	$196,150
RANDALL SHOEMAKER	LINE FOREMAN	50.00		$141,653	$48,764	$190,417
ADAM CHAMBERS	DIRECTOR OF OPERATIONS	50.00		$123,046	$58,656	$181,702
KEITH CRABTREE	JOURNEYMAN LINEMAN	50.00		$138,182	$29,060	$167,242
ALFRED BRANIM	MORGAN COUNTY MANAGER	50.00		$111,659	$34,537	$146,196
APRIL ARMSTRONG	CFO	50.00		$46,498	$14,430	$60,928
VIC DAVIS	Director	11.90	Director	$25,550	$0	$25,550
BILL HALL	Vice President	10.10	Officer Director	$24,150	$0	$24,150
HARRY GOSNELL	Director	10.50	Director	$23,800	$0	$23,800
LEE ARMSTRONG	Director	8.20	Director	$23,450	$0	$23,450
TIM FREELS	President	11.30	Officer Director	$23,100	$0	$23,100
MARK KLINE	Secretary	8.30	Officer Director	$22,400	$0	$22,400
STEVE LAMBERT	Treasurer	9.90	Officer Director	$21,700	$0	$21,700
CRAIG CHAMBERS	Director	8.30	Director	$17,850	$0	$17,850
PHILLIP JONES	Director	6.00	Director	$17,500	$0	$17,500

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	$51,335,434	$49,122,500	$72,210,814	$2,212,934
2024	$46,778,890	$45,947,762	$69,708,915	$831,128
2023	$47,912,881	$47,278,703	$69,254,966	$634,178
2022	$43,303,901	$40,171,311	$68,557,070	$3,132,590
2021	$36,584,755	$34,171,091	$62,433,557	$2,413,664
2020	$37,015,786	$35,344,039	$61,431,734	$1,671,747
2019	$38,049,534	$37,380,754	$60,441,491	$668,780

PLATEAU ELECTRIC COOPERATIVE