ARAB 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

1947

Legal Domicile

Phone

2565863196

Tax Period

2023-07-01 to 2024-06-30

ARAB ELECTRIC COOPERATIVE INC, founded in 1947, is a mid-sized nonprofit that reported $41.6M in total revenue in fiscal year 2023.

Mission

Sell electricity at the lowest feasible rates to our membership.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Arab Electric Cooperative now serves 13,899 residential accounts,2,504 small commercial accounts 170 large commercial accounts as well as 151 lighting accounts for a total number of 16,724 accounts. Arab Electric Cooperative Inc. has 1,281 miles of distribution line that delivers power purchased from the Tennessee Valley Authority TVA to its 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $40,007,011

Investment Income $577,047

Other Revenue $1,019,184

TOTAL REVENUE $41,603,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $289,462

Fundraising Expenses $0

Program Expenses $0

Other Expenses $39,264,778

TOTAL EXPENSES $41,603,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,603,242	$42,047,974	0.0%
Expenses	$41,603,242	$42,047,974	0.0%
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

$211,633

Total Directors

$77,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stacey White	General Manager	40.00	Officer	$153,808	$57,825	$211,633
Charles W Whisenant	Trustee	1.00	Director	$9,000	$247	$9,247
Bill Stricklend	Trustee	1.00	Director	$9,000	$247	$9,247
Dianne Prestridge	Trustee	1.00	Director	$9,000	$247	$9,247
Janet Bright	Trustee	1.00	Director	$9,000	$247	$9,247
Nathan Clark	Trustee	1.00	Director	$9,000	$247	$9,247
Tyler Barnes	Trustee	1.00	Director	$9,000	$247	$9,247
Ty Smith	Trustee	1.00	Director	$9,000	$247	$9,247
Jeff Warren	Trustee	1.00	Director	$9,000	$247	$9,247
Dewayne Shedd	Trustee	1.00	Director	$3,750	$103	$3,853

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	$41,603,242	$41,603,242	$65,793,759	No data
2023	$42,047,974	$42,047,974	$60,454,391	No data
2022	$38,555,130	$38,555,130	$58,163,411	No data
2021	$35,295,423	$35,295,423	$50,980,201	No data
2020	$35,739,277	$35,739,277	$48,085,427	No data
2019	$36,614,539	$36,614,539	$45,128,702	No data
2018	$36,344,661	$36,344,661	$44,090,194	No data