SAND MOUNTAIN ELECTRIC COOPERATIVE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

TYLER COOPER

Phone

2566382153

Tax Period

2023-07-01 to 2024-06-30

SAND MOUNTAIN ELECTRIC COOPERATIVE, founded in 1940, is a mid-sized nonprofit that reported $81.1M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC SERVICE TO THE PEOPLE IN RURAL AREAS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES.

Program Service Accomplishments

Program 1

Expenses: $81,032,769 Revenue: $79,699,031

TO PROVIDE ELECTRICITY TO ITS 33,375 CUSTOMERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $79,699,031

Investment Income $206,252

Other Revenue $1,243,077

TOTAL REVENUE $81,148,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,436,774

Fundraising Expenses $0

Program Expenses $81,032,769

Other Expenses $72,595,995

TOTAL EXPENSES $81,032,769

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,148,360	$82,388,615	0.0%
Expenses	$81,032,769	$81,734,168	0.0%
Net Income	$115,591	$654,447	-0.8%

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

$560,641

Total Directors

$218,879

Key Employees

$379,797

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID HENDERSON	PRESIDENT	5.00	Director	$22,680	$0	$22,680
LARRY G GODWIN	VICE-PRESIDENT	4.00	Director	$32,412	$0	$32,412
BRAD GILBERT	TRUSTEE	3.00	Director	$32,486	$0	$32,486
ROLAND HENDON	SECRETARY/TREASURER	4.00	Director	$25,129	$0	$25,129
DANNY LACEY	TRUSTEE	3.00	Director	$33,236	$0	$33,236
LUKE FREEMAN	TRUSTEE	3.00	Director	$22,680	$0	$22,680
RANDY L BAILEY	TRUSTEE	3.00	Director	$33,236	$0	$33,236
TERRY SMITH	TRUSTEE	3.00	Director	$17,020	$0	$17,020
BRENT THOMAS	TRUSTEE	0.00	Director	$0	$0	$0
MARK MALONE	CEO/GENERAL MANAGER	45.00	Officer	$269,923	$92,028	$361,951
TYLER COOPER	CFO/MANAGER OF FINANCE	45.00	Officer	$157,593	$41,097	$198,690
KEVIN ANDERSON	COO	45.00	Key Emp	$216,986	$162,811	$379,797
DIANE B HALE	MANAGER OF MEMBER SERVICES	45.00	Highest	$141,087	$57,393	$198,480
LARRY COOTS	OPERATIONS SUPERINTENDENT	45.00	Highest	$145,822	$139,872	$285,694
JOSEPH BATES	MANAGER OF ENGINEERING & P	45.00	Highest	$157,895	$27,845	$185,740
JOEY DALTON	JOURNEYMAN LINEMAN	45.00	Highest	$138,085	$59,546	$197,631
RANDY D MOODY	JOURNEYMAN LINEMAN	45.00	Highest	$139,476	$55,121	$194,597
LEO BOMIAN	FORMER TRUSTEE	0.00		$13,204	$0	$13,204
RAYMOND LONG	FORMER SECRETARY/TREASURER	4.00		$22,535	$0	$22,535
JERRY MASON	FORMER TRUSTEE	0.00		$12,261	$0	$12,261

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	$81,148,360	$81,032,769	$121,795,571	$115,591
2023	$82,388,615	$81,734,168	$117,838,217	$654,447
2022	$77,979,953	$74,102,390	$117,656,125	$3,877,563
2021	$73,063,684	$68,516,989	$115,100,745	$4,546,695
2020	$73,157,465	$71,077,244	$114,711,610	$2,080,221
2019	$74,715,500	$73,417,676	$115,177,104	$1,297,824