CENTRAL ALABAMA ELECTRIC COOPERATIVE (EIN 630038505) - 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

Legal Domicile

Principal Officer

THOMAS STACKHOUSE

Phone

3343656762

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ALABAMA ELECTRIC COOPERATIVE is a mid-sized nonprofit that reported $93.8M in total revenue in fiscal year 2018. Expenses of $89.6M left a modest 5% surplus.

Mission

TO PROVIDE UTILITY SERVICE TO COOPERATIVE 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $122,132,624

Investment Income $90,567

Other Revenue $12,020,497

TOTAL REVENUE $134,243,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,885,649

Fundraising Expenses $0

Other Expenses $123,168,184

TOTAL EXPENSES $127,055,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$134,243,688	$122,242,272	+0.1%
Expenses	$127,055,686	$118,121,638	+0.1%
Net Income	$7,188,002	$4,120,634	+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

176

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

$1,472,120

Total Directors

$479,930

Key Employees

$953,671

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS STACKHOUSE	PRESIDENT/CE	55.00	Officer	$448,245	$154,935	$603,180
JAMES GRAY	VP ENGINEER/	50.00	Officer	$235,150	$162,870	$398,020
JULIE YOUNG	VP BUSINESS	55.00	Key Emp	$234,374	$141,243	$375,617
AARON ISMAIL	VP CUSTOMER/	40.00	Key Emp	$217,969	$114,904	$332,873
DAMALI CLARK	VP CORP/FINA	45.00	Officer	$218,637	$106,743	$325,380
SCOTT LEE	MGR-IT	55.00	Highest	$181,707	$107,097	$288,804
RANDALL MORGAN	MGR-OPERATIO	50.00	Highest	$173,793	$79,690	$253,483
JOEL COLLIER	MGR-OPERATIO	50.00	Highest	$185,657	$64,156	$249,813
WALTON C MONTGOMERY	VP CENTRAL A	50.00	Key Emp	$181,179	$64,002	$245,181
ERICK TERRY	MGR-ENGINEER	45.00	Highest	$163,722	$70,629	$234,351
CONNIE BAINBRIDGE	MGR-ECON/DEV	55.00	Highest	$171,716	$54,507	$226,223
MARK GRAY	TRUSTEE	10.00	Director	$55,450	$0	$55,450
JAMES PARNELL	TRUSTEE	10.00	Director	$48,400	$0	$50,500
VAN SMITH	VICE CHAIRMA	9.00	Officer Director	$49,450	$0	$50,440
JUSTIN BARRETT	TRUSTEE	11.50	Director	$48,350	$0	$48,350
CHARLES BYRD	CHAIRMAN	4.00	Officer Director	$47,850	$0	$47,850
MARK PRESNELL	SECRETARY/TR	10.00	Officer Director	$47,250	$0	$47,250
TERRY MITCHELL	TRUSTEE	10.00	Director	$46,850	$0	$46,850
MIKE LAMAR	TRUSTEE	8.00	Director	$44,000	$0	$45,240
NICOLE LAW	TRUSTEE	8.00	Director	$44,100	$0	$44,100
CHASE RIDDLE	TRUSTEE	8.00	Director	$41,800	$0	$43,900

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	$134,243,688	$127,055,686	$466,671,017	$7,188,002
2023	$122,242,272	$118,121,638	$413,539,203	$4,120,634
2022	$115,611,869	$107,596,635	$384,116,824	$8,015,234
2021	$97,489,806	$94,580,467	$339,092,082	$2,909,339
2020	$92,012,881	$87,145,537	$313,300,578	$4,867,344
2019	$95,445,730	$92,424,985	$267,658,458	$3,020,745
2018	$93,849,527	$89,589,485	$250,240,541	$4,260,042

CENTRAL ALABAMA ELECTRIC COOPERATIVE