PONTOTOC ELECTRIC POWER ASSOCIATION (EIN 640224230) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1935

Legal Domicile

Principal Officer

FRANKIE MOORMAN

Phone

6624893211

Tax Period

2023-07-01 to 2024-06-30

PONTOTOC ELECTRIC POWER ASSOCIATION, founded in 1935, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.9M, a strong 35% operating margin.

Mission

PROVISION OF ELECTRIC POWER TO RURAL CUSTOMERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $148,310

Other Revenue $14,151,674

TOTAL REVENUE $14,299,984

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,847,569

Fundraising Expenses $0

Other Expenses $5,511,100

TOTAL EXPENSES $9,358,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,299,984	$12,013,910	+0.2%
Expenses	$9,358,669	$8,946,463	+0.0%
Net Income	$4,941,315	$3,067,447	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$516,456

Total Directors

$129,490

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANKIE MOORMAN	GENERAL MGR	50.00	Officer	$180,606	$87,691	$268,297
JEANNA SORTO	SECRETARY/AC	50.00	Officer	$157,009	$55,070	$212,079
JAMES ELZIE	GENERAL FORE	40.00	Highest	$113,513	$66,562	$180,075
BENJAMIN HOGAN	BRUCE DISTRI	40.00	Highest	$107,101	$32,207	$139,308
JOHN CODY LASTER	JOURNEYMAN L	40.00	Highest	$101,485	$24,599	$126,084
ROBERT TEDFORD	DIRECTOR	1.00	Director	$15,128	$0	$15,128
RANDY HEARD	VICE PRESIDE	1.00	Officer Director	$14,578	$0	$14,578
JIM RIDDLE JR	DIRECTOR	1.00	Director	$14,559	$0	$14,559
JEFF WASHINGTON	DIRECTOR	1.00	Director	$14,559	$0	$14,559
TERRY CHUNN	PRESIDENT	1.00	Officer Director	$14,500	$0	$14,500
DAVID HIGH	DIRECTOR	1.00	Director	$14,441	$0	$14,441
BOBBY DUKE	DIRECTOR	1.00	Director	$14,303	$0	$14,303
JACKIE COURSON	DIRECTOR	1.00	Director	$14,211	$0	$14,211
LARRY D PARKER	PRESIDENT	1.00	Officer Director	$7,002	$0	$7,002
DEAN BRUMMETT	DIRECTOR	1.00	Director	$6,209	$0	$6,209
THOMAS E JOHNSON JR	DIRECTOR	N/A	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	No data	No data	No data	No data
2024	$14,299,984	$9,358,669	$96,896,747	$4,941,315
2023	$12,013,910	$8,946,463	$90,440,236	$3,067,447
2022	$12,564,060	$8,406,959	$90,087,591	$4,157,101
2021	$12,206,690	$7,945,996	$83,584,840	$4,260,694
2020	$11,232,799	$8,228,999	$79,804,605	$3,003,800
2019	$11,364,134	$7,794,553	$78,053,261	$3,569,581

PONTOTOC ELECTRIC POWER ASSOCIATION