Wiregrass Electric Cooperative (EIN 630229728) - 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

1939

Legal Domicile

Principal Officer

Brad Kimbro

Phone

3345882223

Tax Period

2023-01-01 to 2023-12-31

Wiregrass Electric Cooperative, founded in 1939, is a mid-sized nonprofit that reported $50.7M in total revenue in fiscal year 2018.

Mission

To provide electric utility service to cooperative 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $60,084,902

Investment Income $524,038

Other Revenue $651,531

TOTAL REVENUE $61,260,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,270,703

Fundraising Expenses $0

Other Expenses $56,144,334

TOTAL EXPENSES $61,260,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,260,471	$56,969,794	+0.1%
Expenses	$61,260,471	$56,969,794	+0.1%
Net Income	$0	$0	N/A

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

$1,111,485

Total Directors

$159,218

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Clark	Trustee	7.00	Director	$17,803	$0	$17,803
Debra Baxley	Trustee - Secretary	10.00	Director	$18,013	$0	$18,013
Ford Justice	Trustee	12.00	Director	$17,668	$0	$17,668
David Winstead	Trustee - President	20.00	Director	$17,878	$0	$17,878
Gregory McCullough	Trustee	16.00	Director	$17,802	$0	$17,802
Danny B McNeil	Trustee	12.00	Director	$17,998	$0	$17,998
Tracy Reeder	Trustee	12.00	Director	$17,354	$0	$17,354
Donald Ray Wilks	Trustee	10.00	Director	$17,256	$0	$17,256
Randy Odom	Trustee - Vice President	10.00	Director	$17,446	$0	$17,446
Leslie Moreland	Chief Executive Officer	50.00	Officer	$241,498	$90,516	$332,014
Brad Kimbro	Chief Operating Officer	50.00	Officer	$193,777	$72,498	$266,275
Jason Thrash	VP of Engineering & Operat	50.00	Officer	$173,152	$67,469	$240,621
Lisa LeNoir	Chief Finance Officer	48.00	Officer	$152,568	$120,007	$272,575
Jason Grooms	Serviceman	56.00	Highest	$142,502	$25,959	$168,461
Chad Sorrells	Serviceman	54.00	Highest	$128,141	$48,712	$176,853
Joey Brown	Manager of Operations	50.00	Highest	$123,134	$28,454	$151,588
Steven Sauls	Manager of Field Operation	42.00	Highest	$122,557	$47,442	$169,999
Mitchie Bass	Serviceman	53.00	Highest	$126,464	$25,331	$151,795

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	No data	No data	No data	No data
2023	$61,260,471	$61,260,471	$159,701,501	No data
2022	$56,969,794	$56,969,794	$149,286,109	No data
2021	$51,055,126	$51,055,126	$143,024,831	No data
2020	$50,808,874	$50,808,874	$138,346,210	No data
2019	$52,387,811	$52,387,811	$127,821,989	No data
2018	$50,702,974	$50,702,974	$123,462,351	No data

Wiregrass Electric Cooperative