DIXIE ELECTRIC COOPERATIVE (EIN 630059155) - 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

Principal Officer

GARY HARRISON

Phone

3342881163

Tax Period

2023-01-01 to 2023-12-31

DIXIE ELECTRIC COOPERATIVE is a mid-sized nonprofit that reported $63.4M in total revenue in fiscal year 2018.

Mission

DIXIE ELECTRIC COOPERATIVE IS COMMITTED TO SAFELY PROVIDING ITS MEMBER- OWNERS WITH ECONOMICAL AND RELIABLE ELECTRIC POWER AND RELATED SERVICES.

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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 $78,306,336

Investment Income $1,756,862

Other Revenue $753,788

TOTAL REVENUE $80,816,986

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,745,641

Fundraising Expenses $0

Program Expenses $77,045,769

Other Expenses $73,088,179

TOTAL EXPENSES $77,045,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,816,986	$75,421,397	+0.1%
Expenses	$77,045,769	$73,943,824	+0.0%
Net Income	$3,771,217	$1,477,573	+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

103

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

$858,699

Total Directors

$275,083

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREW CALLAWAY	CHAIRMAN	7.00	Officer Director	$42,000	$384	$42,384
JAMES SIKES	TRUSTEE	3.00	Director	$23,000	$491	$23,491
KIM JACKSON	SECRETARY/TR	5.00	Officer Director	$30,500	$670	$31,170
ALBERT J PERRY	TRUSTEE	4.00	Director	$26,250	$529	$26,779
JOHN P LIVINGS	TRUSTEE	3.00	Director	$24,000	$301	$24,301
JIMMY ELLIS	SECRETARY/TR	6.00	Officer Director	$36,500	$670	$39,170
TOM JAMES	TRUSTEE	5.00	Director	$29,500	$448	$31,948
HELENA DUNCAN	TRUSTEE	3.00	Director	$24,500	$670	$25,170
THOMAS ELLIS	TRUSTEE	4.00	Director	$30,000	$670	$30,670
GARY HARRISON	CEO/GENERAL	50.00	Officer	$383,095	$100,968	$484,063
MIKE BARLOW	CFO	50.00	Officer	$189,601	$72,311	$261,912
BRANDON JOHNSON	VP-ENGINEERI	50.00	Highest	$212,744	$135,677	$348,421
STEPHEN BROWN	IT MANAGER	50.00	Highest	$151,291	$85,299	$236,590
ERNIE FAULKNER	VP-MARKETING	55.00	Highest	$203,542	$76,634	$280,176
BRENT MOFFETT	VP-EXTERNAL	25.00	Highest	$184,129	$45,362	$229,491
HOUSTON FUQUA	DISTRICT FOR	50.00	Highest	$154,990	$55,560	$210,550

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	$80,816,986	$77,045,769	$171,024,876	$3,771,217
2022	$75,421,397	$73,943,824	$157,673,539	$1,477,573
2021	$66,291,723	$64,561,423	$156,438,458	$1,730,300
2020	$62,695,106	$61,606,519	$156,570,135	$1,088,587
2019	$64,393,158	$64,004,061	$145,582,396	$389,097
2018	$63,370,508	$62,240,007	$144,355,521	$1,130,501

DIXIE ELECTRIC COOPERATIVE