Coast Electric Power Association (EIN 640169075) - Form 990 Financial Analysis & Trantor Score

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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

1937

Legal Domicile

Principal Officer

Ron Barnes

Phone

2283637000

Tax Period

2023-01-01 to 2023-12-31

Coast Electric Power Association, founded in 1937, is a major nonprofit that reported $241.0M in total revenue in fiscal year 2023.

Mission

To provide electricity to rural areas of Hancock, Harrison, and Pearl River counties.

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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 $232,496,978

Investment Income $289,252

Other Revenue $8,224,620

TOTAL REVENUE $241,010,850

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,980,610

Fundraising Expenses $0

Other Expenses $226,271,706

TOTAL EXPENSES $241,010,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,010,850	$231,986,767	+0.0%
Expenses	$241,010,850	$231,986,767	+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

312

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

$1,168,556

Total Directors

$387,200

Key Employees

$424,857

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gilbert Arceneaux	Director	8.00	Director	$41,400	$0	$41,400
James Baldree	Director	11.00	Director	$46,800	$0	$46,800
Richard Dossett	Director/Chairman	8.00	Director	$41,800	$0	$41,800
Teri Eaton	Director	9.00	Director	$38,500	$0	$38,500
Paul Guichet	Director	9.00	Director	$49,100	$0	$49,100
Charles Lopez	Director	10.00	Director	$47,300	$0	$47,300
Frank McClinton	Director/Secretary Treasur	8.00	Director	$37,200	$0	$37,200
William Mooney	Director/Vice Chairman	7.00	Director	$41,900	$0	$41,900
Gordon Redd Jr	Director	7.00	Director	$43,200	$0	$43,200
John Holston	CFO	40.00	Officer	$358,130	$118,376	$476,506
Ron Barnes	CEO	48.00	Officer	$501,578	$190,472	$692,050
Charles S Brown	Sr. VP Engineering & Opera	47.00	Key Emp	$298,922	$125,935	$424,857
Louis Lee Jr	VP Special Projects	45.00	Highest	$255,300	$65,787	$321,087
Guy Johnson	VP HAN & PIC OP	45.00	Highest	$261,078	$83,199	$344,277
Archie Dickens	VP Sfty & Comp	45.00	Highest	$226,235	$97,728	$323,963
Melissa Russo	Comp, PR, MBR SVC	45.00	Highest	$211,968	$54,080	$266,048
Wilson Eaton	VP of HR and Staff Attorn	40.00	Highest	$230,318	$53,580	$283,898

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	$241,010,850	$241,010,850	$559,087,907	No data
2022	$231,986,767	$231,986,767	$535,918,882	No data
2021	$205,416,229	$205,416,229	$466,699,348	No data
2020	$203,481,235	$203,481,235	$404,315,984	No data
2019	$205,411,980	$205,411,980	$389,213,215	No data
2018	$206,158,793	$206,158,793	$377,402,573	No data

Coast Electric Power Association