MAGNOLIA ELECTRIC POWER ASSOCIATION (EIN 640195613) - 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

1938

Legal Domicile

Principal Officer

DARRELL SMITH

Phone

6016844011

Tax Period

2023-01-01 to 2023-12-31

MAGNOLIA ELECTRIC POWER ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $87.5M in total revenue in fiscal year 2023.

Mission

MEMBER OWNED ELECTRIC COOPERATIVE.

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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 $85,348,342

Investment Income $447,356

Other Revenue $1,742,240

TOTAL REVENUE $87,537,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $784,220

Fundraising Expenses $0

Other Expenses $84,019,110

TOTAL EXPENSES $87,537,938

Year-over-Year Comparison

	2023	2022	Change
Revenue	$87,537,938	$83,370,782	+0.0%
Expenses	$87,537,938	$83,370,782	+0.0%
Net Income	$0	N/A	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

117

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

$689,119

Total Directors

$143,739

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL SMITH	GENERAL MANA	60.00	Officer	$412,146	$72,558	$484,704
AARON ACHORD	MANAGER-ENG	40.00	Highest	$215,424	$46,048	$261,472
DANIEL EVANS	ELEC. ENGINE	40.00	Highest	$128,106	$35,358	$163,464
TONY NETTLES	MANAGER-ADMI	40.00	Officer	$128,165	$27,610	$155,775
TERRY JACKSON	SERVICEMAN	40.00	Highest	$125,055	$27,004	$152,059
DORNEAIL MAGEE	SERVICEMAN	40.00	Highest	$119,804	$26,990	$146,794
JASON MALLETTE	SENIOR LINEM	40.00	Highest	$118,691	$27,370	$146,061
JERRY L SISCO	DIRECTOR	13.00	Director	$15,450	$5,958	$21,408
DENNIS WILSON	VICE PRESIDE	14.00	Officer Director	$18,600	$2,632	$21,232
CARL FULLER	DIRECTOR	13.00	Director	$15,450	$2,982	$18,432
ODELL MCKENZIE	DIRECTOR	14.00	Director	$17,350	$3	$17,353
JOHN L MCCABE	SEC.-TREA.	12.00	Officer Director	$10,500	$5,958	$16,458
CINDY GINN	DIRECTOR	13.00	Director	$15,550	$3	$15,553
PAT ARD	DIRECTOR	12.00	Director	$11,850	$0	$11,850
HOLLIS ALFORD	PRESIDENT	12.00	Officer Director	$10,950	$0	$10,950
SCOTT SMITH	DIRECTOR	12.00	Director	$10,500	$3	$10,503

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	$87,537,938	$87,537,938	$204,641,960	No data
2022	$83,370,782	$83,370,782	$198,742,383	No data
2022	$83,370,782	$83,370,782	$198,742,383	No data
2021	$77,004,678	$77,004,678	$199,848,773	No data
2020	$76,917,071	$76,925,400	$195,407,674	$-8,329
2019	$79,536,520	$79,619,109	$185,985,214	$-82,589
2018	$81,166,537	$81,169,145	$177,023,010	$-2,608

MAGNOLIA ELECTRIC POWER ASSOCIATION