North Alabama Electric Cooperative (EIN 630153273) - 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

Gena Hall

Phone

2564372281

Tax Period

2024-07-01 to 2025-06-30

NORTH ALABAMA ELECTRIC COOPERATIVE, founded in 1940, is a mid-sized nonprofit that reported $49.0M in total revenue in fiscal year 2017. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $46.5M left a modest 5% surplus.

Mission

Providing electric energy 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $59,982,127

Investment Income $638,776

Other Revenue $2,145,259

TOTAL REVENUE $62,766,162

Expense Breakdown

Grants Paid $0

Salaries & Benefits $944,874

Fundraising Expenses $0

Other Expenses $57,749,643

TOTAL EXPENSES $58,694,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,766,162	$58,675,843	+0.1%
Expenses	$58,694,517	$54,368,820	+0.1%
Net Income	$4,071,645	$4,307,023	-0.1%

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

$455,267

Total Directors

$197,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Goins	Trustee	11.00	Director	$17,030	$0	$17,030
Steve Carver	Trustee / Vice President	11.00	Director	$30,884	$0	$30,884
Parks Tubbs	Secretary/Treasurer	10.00	Director	$17,213	$0	$17,213
Warren Whitcher	Trustee	10.00	Director	$10,810	$0	$10,810
Louis Crowder	Trustee	10.00	Director	$14,841	$0	$14,841
Willard Townson	President	12.00	Director	$10,810	$0	$10,810
Mark Dover	Trustee	10.00	Director	$30,884	$0	$30,884
Bobby Hicks	Trustee	10.00	Director	$32,534	$0	$32,534
Kasey Sanders	Trustee	10.00	Director	$32,534	$0	$32,534
Gena Hall	General Manager	40.00	Officer	$155,463	$117,726	$273,189
John Powell	CFO	40.00	Officer	$146,709	$35,369	$182,078
William Selby	Telecomm Super	40.00	Highest	$151,771	$83,002	$234,773
Chassity Haynes	Office Manager	40.00	Highest	$130,167	$52,800	$182,967
Tim Weaver	Electric Foreman	40.00	Highest	$124,995	$63,310	$188,305
Brian Guinn	Electric Foreman	40.00	Highest	$126,648	$42,154	$168,802

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	$62,766,162	$58,694,517	$78,261,621	$4,071,645
2024	$58,675,843	$54,368,820	$73,196,353	$4,307,023
2023	$59,602,382	$56,820,087	$64,720,331	$2,782,295
2022	$55,513,867	$51,084,400	$61,243,649	$4,429,467
2021	$51,242,878	$45,840,544	$56,830,143	$5,402,334
2020	$49,628,952	$47,221,478	$52,099,050	$2,407,474
2019	$49,898,045	$48,155,188	$49,451,523	$1,742,857
2018	$48,980,288	$46,543,095	$48,633,391	$2,437,193

North Alabama Electric Cooperative