FRANKLIN ELECTRIC COOPERATIVE (EIN 630253927) - 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

1945

Legal Domicile

Principal Officer

MARK STOCKTON

Phone

2563322730

Tax Period

2023-07-01 to 2024-06-30

FRANKLIN ELECTRIC COOPERATIVE, founded in 1945, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2017. Expenses of $7.2M left a modest 12% surplus.

Mission

RURAL ELECTRICITY DISTRIBUTION

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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 $10,346,984

Investment Income $153,594

Other Revenue $0

TOTAL REVENUE $10,500,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,541

Fundraising Expenses $0

Program Expenses $8,763,007

Other Expenses $8,518,466

TOTAL EXPENSES $8,763,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,500,578	$9,985,158	+0.1%
Expenses	$8,763,007	$9,426,652	-0.1%
Net Income	$1,737,571	$558,506	+2.1%

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

$220,128

Total Directors

$81,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK STOCKTON	GENERAL MANA	40.00	Officer	$192,888	$0	$192,888
JOHN SHEWBERT	PRESIDENT	1.00	Officer Director	$9,320	$0	$9,320
STEVE MCGUIRE	VICE PRESIDE	1.00	Officer Director	$8,600	$0	$8,600
BOBBY HOOPER	SECRETARY-TR	1.00	Officer Director	$9,320	$0	$9,320
STANLEY HOLLAND	TRUSTEE	1.00	Director	$9,200	$0	$9,200
JAMES MCKINNEY	TRUSTEE	1.00	Director	$9,200	$0	$9,200
DEBBIE KING TAYLOR	TRUSTEE	1.00	Director	$8,750	$0	$8,750
DONNA HESTER	TRUSTEE	1.00	Director	$9,200	$0	$9,200
JIMMY MONTGOMERY	TRUSTEE	1.00	Director	$9,200	$0	$9,200
ROGER BOYD	TRUSTEE	1.00	Director	$9,200	$0	$9,200

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	$10,500,578	$8,763,007	$55,919,399	$1,737,571
2023	$9,985,158	$9,426,652	$54,446,867	$558,506
2022	$9,493,610	$8,704,785	$55,032,541	$788,825
2021	$9,163,216	$7,839,225	$52,441,660	$1,323,991
2020	$8,369,236	$7,567,989	$51,700,610	$801,247
2019	$7,987,201	$7,776,030	$51,743,985	$211,171
2018	$8,115,906	$7,169,777	$53,100,018	$946,129

FRANKLIN ELECTRIC COOPERATIVE