Pioneer Electric Cooperative Inc (EIN 630033945) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

Terry Moseley

Phone

3343826636

Tax Period

2023-01-01 to 2023-12-31

Pioneer Electric Cooperative Inc, founded in 1940, is a mid-sized nonprofit in the Mutual Benefit sector that reported $29.3M in total revenue in fiscal year 2018.

Mission

To safely deliver reliable service, in a timely and courteous manner, at the lowest possible cost to our members.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $32,613,026

Investment Income $164,272

Other Revenue $202,702

TOTAL REVENUE $32,980,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $985,858

Fundraising Expenses $0

Other Expenses $31,760,083

TOTAL EXPENSES $33,100,489

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,980,000	$31,309,147	+0.1%
Expenses	$33,100,489	$31,109,147	+0.1%
Net Income	$-120,489	$200,000	-1.6%

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

$729,107

Total Directors

$256,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Henry	Trustee - President	6.40	Director	$33,700	$0	$33,700
Melvia Carter	Trustee - Vice President	6.20	Director	$28,650	$0	$28,650
David Lyon Jr	Trustee	4.00	Director	$26,150	$0	$26,150
Thomas Duncan	Trustee	4.70	Director	$26,150	$0	$26,150
Timothy Strong	Trustee	1.90	Director	$5,850	$0	$5,850
Glenn E Branum	Trustee - Secretary	4.00	Director	$26,900	$0	$26,900
Melvin Dale	Trustee	6.40	Director	$23,250	$0	$23,250
Linda Arnold	Trustee	8.00	Director	$28,650	$0	$28,650
Joshua C Gardner	Trustee	5.80	Director	$27,300	$0	$27,300
William B Farrar	Trustee	7.90	Director	$30,150	$0	$30,150
Terry Moseley	General Manager	40.00	Officer	$227,219	$73,698	$300,917
Lauren Smith	VP of Accounting & Finance	40.00	Officer	$144,345	$60,380	$204,725
Phillip Baker	VP of Engineering and Oper	40.00	Officer	$162,607	$60,858	$223,465

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
2024	No data	No data	No data	No data
2023	$32,980,000	$33,100,489	$88,712,386	$-120,489
2022	$31,309,147	$31,109,147	$89,358,165	$200,000
2021	$29,119,242	$29,119,242	$91,310,213	No data
2020	$28,543,090	$28,543,090	$87,240,018	No data
2019	$29,715,158	$29,715,158	$80,370,321	No data
2018	$29,265,329	$29,265,329	$77,849,606	No data

Pioneer Electric Cooperative Inc