VOLUNTEER ENERGY COOPERATIVE (EIN 620395590) - 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

1935

Legal Domicile

Principal Officer

DION COOPER

Phone

4233341020

Tax Period

2023-07-01 to 2024-06-30

VOLUNTEER ENERGY COOPERATIVE, founded in 1935, is a major nonprofit that reported $282.1M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

TO PROVIDE ELECTRIC ENERGY AND RELATED SERVICES TO RURAL AREAS. THE COOPERATIVE SERVICES 127,369 CUSTOMERS.

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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 $275,744,932

Investment Income $1,724,157

Other Revenue $4,655,629

TOTAL REVENUE $282,124,718

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,565,827

Fundraising Expenses $0

Other Expenses $265,378,986

TOTAL EXPENSES $278,944,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$282,124,718	$298,075,624	-0.1%
Expenses	$278,944,813	$287,051,332	0.0%
Net Income	$3,179,905	$11,024,292	-0.7%

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

190

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

$699,009

Total Directors

$190,242

Key Employees

$454,611

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUBIE SMITH	CHAIRMAN	10.00	Officer Director	$18,394	$0	$18,394
WILLIAM J CAMPBELL	VICE-CHAIRMA	10.00	Officer Director	$14,824	$0	$14,824
SAMMY NORTON	SECRETARY/TR	10.00	Officer Director	$16,024	$0	$16,024
TIM HANDLER	ASST SEC/TRE	10.00	Officer Director	$13,924	$0	$13,924
DAVID J MILEN	DIRECTOR	10.00	Director	$11,524	$0	$11,524
MIKE FRAZIER	DIRECTOR	10.00	Director	$15,124	$0	$15,124
JERRY HENLEY	DIRECTOR	4.00	Director	$16,924	$0	$16,924
JOHN BUCHANAN	DIRECTOR	4.00	Director	$18,052	$0	$18,052
KENNETH CAREY JR	DIRECTOR	5.00	Director	$17,752	$0	$17,752
LARRY STORIE	DIRECTOR	10.00	Director	$15,724	$0	$15,724
KEITH PHILLIPS	DIRECTOR	6.00	Director	$14,152	$0	$14,152
PHILIP SMITH	DIRECTOR	6.00	Director	$17,824	$0	$17,824
DION COOPER	PRESIDENT/CE	60.00	Officer	$370,559	$46,594	$417,153
MARK VERSTYNEN	VP ACCOUNTIN	50.00	Officer	$161,972	$56,718	$218,690
MATTHEW TEAGUE	VP OF ENGINE	50.00	Key Emp	$171,726	$45,351	$217,077
KAREN DAVIS	VP OF INFO.	45.00	Key Emp	$158,446	$79,088	$237,534
DANIEL TUTTLE	LINEMAN	61.77	Highest	$158,731	$16,637	$175,368
DUSTIN BATES	LINEMAN	62.37	Highest	$180,911	$24,275	$205,186
MICHAEL BICE	LINEMAN	65.94	Highest	$187,910	$23,771	$211,681
MARK KENNEDY	LINEMAN	62.36	Highest	$168,189	$39,227	$207,416
JOSHUA HOWARD	LINEMAN	60.93	Highest	$161,657	$18,504	$180,161

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	$282,124,718	$278,944,813	$386,525,774	$3,179,905
2023	$298,075,624	$287,051,332	$375,821,618	$11,024,292
2022	$270,037,507	$259,057,141	$369,462,846	$10,980,366
2021	$247,936,270	$234,177,592	$355,734,071	$13,758,678
2020	$244,676,754	$236,014,261	$341,075,531	$8,662,493
2019	$252,520,104	$240,920,329	$347,842,599	$11,599,775
2018	$247,618,121	$236,551,723	$341,200,276	$11,066,398

VOLUNTEER ENERGY COOPERATIVE