Cullman Electric Cooperative (EIN 630052772) - 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

1936

Legal Domicile

Principal Officer

Tim Culpepper

Phone

2567373200

Tax Period

2023-07-01 to 2024-06-30

CULLMAN ELECTRIC COOPERATIVE, founded in 1936, is a major nonprofit that reported $122.1M in total revenue in fiscal year 2018. Expenses of $116.4M left a modest 5% surplus.

Mission

Cullman Electric Cooperative's mission is to provide electric service to its 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 $145,166,180

Investment Income $946,749

Other Revenue $4,514,027

TOTAL REVENUE $150,626,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $876,869

Fundraising Expenses $0

Program Expenses $139,004,462

Other Expenses $144,134,588

TOTAL EXPENSES $150,626,956

Year-over-Year Comparison

	2023	2022	Change
Revenue	$150,626,956	$145,062,218	+0.0%
Expenses	$150,626,956	$145,062,218	+0.0%
Net Income	$0	$0	N/A

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

130

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

$686,099

Total Directors

$190,770

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Tidwell	Chairperson	2.00	Director	$21,730	$0	$21,730
James Fields	Vice Chairperson	4.00	Director	$21,130	$0	$21,130
Chad Alexander	Treasurer	3.00	Director	$21,130	$0	$21,130
Lynda Carter	Secretary	3.00	Director	$21,130	$0	$21,130
Sheila Sizemore	Trustee	3.00	Director	$21,130	$0	$21,130
Daryl Calvert	Trustee	2.00	Director	$21,130	$0	$21,130
Phillip Garrison	Trustee	2.00	Director	$21,130	$0	$21,130
Lisa Weeks	Trustee	2.00	Director	$21,130	$0	$21,130
David Hembree	Trustee	4.00	Director	$21,130	$0	$21,130
Tim Culpepper	CEO	45.00	Officer	$333,157	$99,482	$432,639
Jerry Weathersby	CFO	45.00	Officer	$223,520	$29,940	$253,460
Justin Lee	Manager of Engineering and	50.00	Highest	$181,291	$22,732	$204,023
Daniel Stricklin	Manager of Information Ser	45.00	Highest	$163,812	$53,222	$217,034
Wade Yarbrough	Manager of Operations	45.00	Highest	$162,221	$97,347	$259,568
Ernie Geisen	Working Foreman	45.00	Highest	$170,181	$49,996	$220,177
William Steve Link	Lineman	54.00	Highest	$155,050	$33,179	$188,229

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	$150,626,956	$150,626,956	$303,612,808	No data
2023	$145,062,218	$145,062,218	$276,811,469	No data
2022	$129,698,192	$129,698,192	$256,114,342	No data
2021	$119,158,465	$114,213,338	$231,310,688	$4,945,127
2020	$117,305,438	$114,680,006	$213,524,671	$2,625,432
2019	$122,087,612	$116,426,374	$212,014,988	$5,661,238

Cullman Electric Cooperative