ELECTRIC COOPERATIVES OF MISSISSIPPI (AAL) (EIN 640200697) - 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

1944

Legal Domicile

Principal Officer

MICHAEL CALLAHAN

Phone

6016058600

Tax Period

2024-07-01 to 2025-06-30

ELECTRIC COOPERATIVES OF MISSISSIPPI (AAL), founded in 1944, is a mid-sized nonprofit that reported $10.9M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $9.8M left a modest 10% surplus.

Mission

ELECTRIC COOPERATIVE OF MISSISSIPPI (ECM) HELPS ITS MEMBERS PROVIDE AFFORDABLE, RELIABLE ELECTRICITY TO MISSISSIPPIANS BY BUILDING SUPPORT AROUND GOVERNMENTAL AND BUSINESS LEADERS AND BY DELIVERING SHARED SERVICES THAT ARE MUTUALLY BENEFICIAL. ECM ENABLES ITS MEMBERS TO ACHIEVE GREATER MEASURES OF STRENGTH AND SUCCESS BY COMBINING VOICES TO TELL THE STORY OF THE VALUE OF RURAL ELECTRIC COOPERATIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $9,079,098

Investment Income $523,337

Other Revenue $1,265,173

TOTAL REVENUE $10,867,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,391,457

Fundraising Expenses $0

Other Expenses $5,382,518

TOTAL EXPENSES $9,773,975

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,867,608	$8,971,808	+0.2%
Expenses	$9,773,975	$8,922,368	+0.1%
Net Income	$1,093,633	$49,440	+21.1%

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

$631,879

Total Directors

$150,724

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL CALLAHAN	EXECUTIVE VP	9.00	Officer	$368,201	$112,954	$481,155
PAUL PURNELL	VP- GOVT. RE	40.00	Highest	$184,326	$76,480	$260,806
STEVE WILLIAMS	NETWORK ENGI	0.00	Highest	$188,663	$55,764	$244,427
LYDIA WALTERS	SVP. -COMMUN	40.00	Highest	$170,995	$66,023	$237,018
GERALD K GORDON	VP SAFETY &	40.00	Highest	$154,433	$44,116	$198,549
GREGORY KERN HOFF	DIR. LEGISLA	40.00	Highest	$104,844	$48,143	$152,987
DONNA RICHMOND	COMPTROLLER	40.00	Officer Director	$102,789	$47,935	$150,724
RON BARNES	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN BONDS	DIRECTOR	2.00	Director	$0	$0	$0
JEFF BOWMAN	DIRECTOR	2.00	Director	$0	$0	$0
RANDY CARROLL	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN CLARK	SEC/TREAS	2.00	Officer Director	$0	$0	$0
KEVIN DODDRIDGE	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DODSON	DIRECTOR	2.00	Director	$0	$0	$0
CODY DURHAM	DIRECTOR	2.00	Director	$0	$0	$0
SHAWN EDMONDSON	2ND VP	2.00	Officer Director	$0	$0	$0
KEITH HAYWARD	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT HENDRIX	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE HOLLOWAY	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HUGHEY	PRESIDENT	2.00	Officer Director	$0	$0	$0
KEITH HURT	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN LONG	1ST VP	2.00	Officer Director	$0	$0	$0
SEAN MCGRATH	DIRECTOR	2.00	Director	$0	$0	$0
FRANKIE MOORMAN	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL NEELY	DIRECTOR	2.00	Director	$0	$0	$0
C HAROLD PITTMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS RHODES	DIRECTOR	2.00	Director	$0	$0	$0
BRAD ROBISON	DIRECTOR	2.00	Director	$0	$0	$0
BARRY ROWLAND	DIRECTOR	2.00	Director	$0	$0	$0
DARRELL SMITH	DIRECTOR	2.00	Director	$0	$0	$0
RANDY SMITH	DIRECTOR	2.00	Director	$0	$0	$0
TIM SMITH	DIRECTOR	2.00	Director	$0	$0	$0
MATTHEW WARE	DIRECTOR	2.00	Director	$0	$0	$0

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	$10,867,608	$9,773,975	$11,298,162	$1,093,633
2024	No data	No data	No data	No data
2023	$8,990,397	$8,328,352	$9,416,220	$662,045
2022	$7,187,583	$7,123,871	$8,653,276	$63,712
2021	$6,545,742	$5,996,955	$8,957,411	$548,787
2020	$6,472,328	$6,088,727	$8,191,424	$383,601
2019	$6,442,755	$6,408,103	$7,823,137	$34,652
2018	$6,216,251	$5,950,398	$7,811,542	$265,853

ELECTRIC COOPERATIVES OF MISSISSIPPI (AAL)