COOPERATIVE ENERGY (EIN 640367992) - 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

1941

Legal Domicile

Principal Officer

JEFF BOWMAN

Phone

6012682083

Tax Period

2023-01-01 to 2023-12-31

COOPERATIVE ENERGY, founded in 1941, is a large national nonprofit that reported $1.0B in total revenue in fiscal year 2023.

Mission

PROVIDE AND TRANSMIT THROUGH GENERATION AND PURCHASE OF ELECTRICITY, WHOLESALE ELECTRICITY TO 11 MEMBER OWNED DISTRIBUTION COOPERATIVES, EACH SERVING RETAIL CONSUMERS.

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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 $1,007,193,915

Investment Income $2,296,246

Other Revenue $0

TOTAL REVENUE $1,009,490,161

Expense Breakdown

Grants Paid $397,275

Salaries & Benefits $74,472,805

Fundraising Expenses $0

Other Expenses $914,620,081

TOTAL EXPENSES $1,009,490,161

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,009,490,161	$956,651,180	+0.1%
Expenses	$1,009,490,161	$956,651,180	+0.1%
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

568

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

$2,899,999

Total Directors

$810,616

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BOWMAN	PRESIDENT/CEO	55.00	Officer	$916,889	$213,103	$1,129,992
CHRISTA BISHOP	SR VICE PRESIDENT/CCO	50.00	Officer	$328,916	$114,731	$443,647
GARY HUTSON	SR VICE PRESIDENT/COO	50.00	Officer	$332,568	$108,708	$441,276
KEVIN GRACE	SR. VICE PRESIDENT/ CFO	44.00	Officer	$297,797	$93,550	$391,347
DON HINTON	SR VICE PRESIDENT/CCO	45.00	Officer	$296,104	$87,812	$383,916
MARK SMITH	SR VICE PRESIDENT POWER GE	48.00	Highest	$330,138	$165,266	$495,404
JAMES EVANS	SR VICE PRESIDENT/POWER DE	45.00	Highest	$255,510	$126,234	$381,744
BRANDON SANDERS	PLANT SUPERINTENDENT	44.00	Highest	$212,064	$64,904	$276,968
MARK DODD	VP INFORMATION SYSTEMS	42.00	Highest	$209,882	$93,360	$303,242
JEFF BROWN	PLANT SUPERINTENDENT	50.00	Highest	$205,147	$76,755	$281,902
RON BARNES	DIRECTOR	2.91	Director	$33,901	$0	$33,901
KEVIN BONDS	DIRECTOR	3.14	Director	$32,800	$0	$32,800
JOEL CUNNINGHAM	DIRECTOR	2.46	Director	$34,943	$0	$34,943
HOWARD DAVIS	DIRECTOR	2.23	Director	$34,693	$0	$34,693
RICHARD DOSSETT	DIRECTOR	0.89	Director	$33,903	$0	$33,903
TERI EATON	DIRECTOR	2.62	Director	$33,561	$0	$33,561
CARL FULLER	DIRECTOR	3.08	Director	$17,464	$0	$17,464
HARRY HOWARTH	DIRECTOR	2.47	Director	$34,488	$0	$34,488
BRIAN HUGHEY	DIRECTOR	3.31	Director	$32,400	$0	$32,400
KEITH HURT	DIRECTOR	7.13	Officer Director	$34,800	$0	$34,800
MICHAEL NEELY	DIRECTOR	1.77	Director	$31,200	$0	$31,200
DAVID O'BRYAN	DIRECTOR	4.93	Director	$34,142	$0	$34,142
TIM PERKINS	DIRECTOR	3.93	Director	$32,400	$0	$32,400
CHRIS RHODES	DIRECTOR	1.41	Director	$34,000	$0	$34,000
RANDY SMITH	DIRECTOR	2.20	Director	$32,800	$0	$32,800
ROBERT SMITH	DIRECTOR	3.01	Director	$32,274	$0	$32,274
SCOTT SMITH	DIRECTOR	1.25	Director	$15,269	$0	$15,269
DARRELL SMITH	DIRECTOR	8.74	Officer Director	$41,803	$0	$41,803
BRYAN THOMAS	DIRECTOR	1.61	Director	$33,644	$0	$33,644
LOUIS THOMPSON	DIRECTOR	2.34	Director	$34,981	$0	$34,981
RICHARD THOMS	DIRECTOR	3.23	Officer Director	$33,218	$0	$33,218
MIKE TYNER	DIRECTOR	5.84	Director	$34,532	$0	$34,532
MATTHEW WARE	DIRECTOR	2.19	Director	$32,000	$0	$32,000
DANNY WILKS	DIRECTOR	3.26	Director	$32,070	$0	$32,070
RANDY WOOLLEY	DIRECTOR	2.31	Director	$33,330	$0	$33,330

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	$1,009,490,161	$1,009,490,161	$2,244,889,278	No data
2022	$956,651,180	$956,651,180	$2,189,288,268	No data
2021	$800,776,225	$800,776,225	$2,085,034,483	No data
2020	$751,175,914	$751,175,914	$2,053,339,465	No data
2019	$771,252,916	$771,252,916	$1,931,402,055	No data
2018	$829,712,873	$829,712,873	$1,650,034,913	No data

COOPERATIVE ENERGY