TOMBIGBEE ELECTRIC COOPERATIVE INC

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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

1950

Legal Domicile

Phone

2059216712

Tax Period

2020-01-01 to 2020-12-31

TOMBIGBEE ELECTRIC COOPERATIVE INC, founded in 1950, is a mid-sized nonprofit that reported $17.8M in total revenue in fiscal year 2020. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $16.2M left a modest 9% surplus.

Mission

TO PROVIDE ELECTRIC SERVICE AND RELATED PRODUCTS AND SERVICES FOR OUR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $16,160,130 Revenue: $17,342,742

WE PROVIDE ELECTRIC AND RELATED SERVICES TO OUR MEMBERS IN MARION, LAMAR, AND FAYETTE COUNTIES, AL. WE HAVE 7,330 MEMBERS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,342,742

Investment Income $106,080

Other Revenue $319,265

TOTAL REVENUE $17,768,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,094,878

Fundraising Expenses $0

Program Expenses $16,160,130

Other Expenses $15,065,252

TOTAL EXPENSES $16,160,130

Year-over-Year Comparison

	2020	2019	Change
Revenue	$17,768,087	$16,384,769	+0.1%
Expenses	$16,160,130	$14,815,054	+0.1%
Net Income	$1,607,957	$1,569,715	+0.0%

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

$546,891

Total Directors

$89,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE FOSHEE	CEO	42.00	Officer	$208,904	$144,188	$353,092
MATTHEW S MOODY	LINEMAN FOREMAN	75.00		$139,830	$65,511	$205,341
JASON POPE	LINEMAN FOREMAN	69.00		$134,306	$60,602	$194,908
JUSTIN PAGE	LINEMAN FOREMAN	67.00		$119,359	$51,288	$170,647
SCOTTY L SEAL	LINEMAN FOREMAN	48.00		$113,961	$55,822	$169,783
WILLIAM PHARR	LINEMAN FOREMAN	62.00		$112,736	$49,738	$162,474
BRENDA OVERTON	CFO	42.00	Officer	$100,953	$55,746	$156,699
JIM MCRAE	Chairman	8.00	Officer Director	$14,225	$0	$14,225
DAVID COLLINS	VICE CHAIRMAN	8.00	Officer Director	$11,450	$0	$11,450
CURT MORRIS	Secretary	8.00	Officer Director	$11,425	$0	$11,425
SHEILA GUNTER	Director	8.00	Director	$11,250	$0	$11,250
WILLIAM T HULSEY	Director	8.00	Director	$11,125	$0	$11,125
WARREN WILLIFORD	Director	8.00	Director	$11,125	$0	$11,125
TERRY GOSA	Director	8.00	Director	$9,625	$0	$9,625
CHAD WILLIAMS	Director	8.00	Director	$9,625	$0	$9,625

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
2020	$17,768,087	$16,160,130	$70,534,555	$1,607,957
2019	$16,384,769	$14,815,054	$44,896,455	$1,569,715
2018	$16,838,749	$14,556,994	$40,274,775	$2,281,755