MARSHALL-DEKALB ELECTRIC COOPERATIVE

EIN: 630132555

BOAZ, AL

Total Revenue
$19,439,281
Total Expenses
$16,631,544
Total Assets
$102,500,687
Net Assets
$70,092,134
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
AL
Principal Officer
SCOTT BOBO
Phone
2565934262
Tax Period
2023-07-01 to 2024-06-30

MARSHALL-DEKALB ELECTRIC COOPERATIVE, founded in 1941, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2017. Expenses of $13.3M left a modest 9% surplus.

Mission

SALE OF ELECTRIC POWER

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $838,241
Investment Income $265,313
Other Revenue $18,335,727
TOTAL REVENUE $19,439,281

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,432,128
Fundraising Expenses $0
Program Expenses $16,631,544
Other Expenses $14,199,416
TOTAL EXPENSES $16,631,544

Year-over-Year Comparison

2023 2022 Change
Revenue $19,439,281 $19,675,444 0.0%
Expenses $16,631,544 $15,812,049 +0.1%
Net Income $2,807,737 $3,863,395 -0.3%
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

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Financial Distress Indicator

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Governance

Voting Members
9
Independent Members
N/A
Employees
55
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
3
$34,136
Total Directors
9
$116,049
Key Employees
2
$333,176
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBY WEATHERS SEC/TREAS 5.00
Officer Director
$14,325 $0 $14,325
BRIGGS PATTERSON TRUSTEE 5.00
Director
$14,712 $0 $14,712
JERRY SCOTT TRUSTEE 5.00
Director
$13,282 $0 $13,282
BRIEN PHILLIPS PRESIDENT 5.00
Officer Director
$4,600 $0 $4,600
TERRY EDMONDSON VICE PRESIDENT 5.00
Officer Director
$15,211 $0 $15,211
STEVE HENLEY TRUSTEE 5.00
Director
$14,072 $0 $14,072
TERRY JOHNSON TRUSTEE 5.00
Director
$13,400 $0 $13,400
WILLIAM G HULGAN TRUSTEE 5.00
Director
$13,322 $0 $13,322
STEPHEN P DAVIS TRUSTEE 5.00
Director
$13,125 $0 $13,125
WILLIAM S BOBO MANAGER 40.00
Key Emp
$169,642 $5,200 $174,842
ERIC LESTER CHIEF ENGINEER 40.00
Key Emp
$158,334 $0 $158,334
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 $19,439,281 $16,631,544 $102,500,687 $2,807,737
2023 $19,675,444 $15,812,049 $99,231,302 $3,863,395
2022 $18,545,582 $15,393,263 $96,065,726 $3,152,319
2021 $17,797,114 $13,721,498 $89,972,951 $4,075,616
2020 $16,204,483 $14,497,903 $87,685,817 $1,706,580
2019 $15,342,675 $14,850,973 $79,818,973 $491,702
2018 $14,682,463 $13,310,727 $78,953,685 $1,371,736
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