PEA RIVER ELECTRIC COOPERATIVE (EIN 630161119) - 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

JEFFREY M HODGES

Phone

3347742545

Tax Period

2024-01-01 to 2024-12-31

PEA RIVER ELECTRIC COOPERATIVE is a mid-sized nonprofit that reported $40.6M in total revenue in fiscal year 2018.

Mission

TO PROVIDE THE BEST VALUE IN QUALITY ELECTRIC AND RELATED SERVICES IN SOUTHEAST ALABAMA.

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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 $54,361,365

Investment Income $342,957

Other Revenue $1,675,962

TOTAL REVENUE $56,380,284

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,287,323

Fundraising Expenses $0

Other Expenses $51,825,752

TOTAL EXPENSES $54,276,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,380,284	$51,841,849	+0.1%
Expenses	$54,276,724	$50,245,223	+0.1%
Net Income	$2,103,560	$1,596,626	+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

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

$514,487

Total Directors

$298,294

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN WHATLEY	VP OPERATION	55.00	Highest	$154,177	$160,591	$314,768
JEFFREY M HODGES	CEO	60.00	Officer	$207,440	$85,559	$292,999
EUGENE JACKSON	ENGINEER	50.00	Highest	$177,097	$68,692	$245,789
BRENDA OVERTON	VP BROADBAND	45.00	Highest	$153,798	$24,728	$178,526
JOSHUA GERMAN	CONSTRUCTION	56.00	Highest	$136,289	$33,929	$170,218
JUSTIN BRADDY	CONSTRUCTION	53.00	Highest	$144,030	$25,378	$169,408
CHELSEY POLUMBO	CFO	42.00	Officer	$105,322	$24,984	$130,306
BILLY W DANZEY	TRUSTEE	10.00	Director	$37,914	$0	$37,914
MICHAEL STARLING	TRUSTEE	14.00	Director	$15,300	$22,343	$37,643
JACK EDWIN JONES JR	TRUSTEE	12.00	Director	$35,594	$0	$35,594
LARRY L GRANTHAM	TRUSTEE	12.00	Director	$13,200	$22,166	$35,366
BRAXTON GREEN	VICE PRESIDE	10.00	Officer Director	$32,294	$0	$32,294
LEE T PETERS	PRESIDENT	8.00	Officer Director	$31,694	$0	$31,694
JAMES E MILLER	TRUSTEE	8.00	Director	$8,480	$22,272	$30,752
LOWELL BRISTOW	TRUSTEE	8.00	Director	$7,500	$22,343	$29,843
WILLIAM H STRICKLAND	SECRETARY	6.00	Officer Director	$27,194	$0	$27,194

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	$56,380,284	$54,276,724	$182,718,794	$2,103,560
2023	$51,841,849	$50,245,223	$148,492,008	$1,596,626
2022	$48,527,907	$48,027,033	$131,213,257	$500,874
2021	$43,695,201	$43,954,901	$110,632,555	$-259,700
2020	$40,810,371	$39,016,310	$114,110,551	$1,794,061
2019	$42,095,866	$40,704,697	$112,817,461	$1,391,169
2018	$40,598,806	$39,640,755	$101,921,876	$958,051

PEA RIVER ELECTRIC COOPERATIVE