C & L ELECTRIC COOPERATIVE CORPORATION (EIN 710025315) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

David Vondran

Phone

8706284221

Tax Period

2024-01-01 to 2024-12-31

C & L ELECTRIC COOPERATIVE CORP, founded in 1938, is a mid-sized nonprofit that reported $44.4M in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

Sales of electricity to rural members of the Cooperative and maintain the distribution power lines in the service area

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,563,208

Investment Income $1,467,704

Other Revenue $294,849

TOTAL REVENUE $52,325,761

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,244,132

Fundraising Expenses $0

Program Expenses $0

Other Expenses $35,839,554

TOTAL EXPENSES $48,083,686

Year-over-Year Comparison

	2024	2023	Change
Revenue	$52,325,761	$48,131,307	+0.1%
Expenses	$48,083,686	$44,277,379	+0.1%
Net Income	$4,242,075	$3,853,928	+0.1%

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

$292,019

Total Directors

$345,522

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Vondran	CEO/General Manager	60.00	Officer	$208,448	$83,571	$292,019
Shawn Harvey	Serviceman	61.87	Highest	$158,161	$44,360	$202,521
James McGee	Construction Supervisor	45.19	Highest	$144,507	$56,776	$201,283
Brian Lowery	Manager of Office Services	40.27	Highest	$133,566	$60,554	$194,120
Todd Dutton	Operations Supervisor	42.37	Highest	$130,894	$56,909	$187,803
Kelly Goins	Branch Supervisor	42.31	Highest	$128,836	$56,706	$185,542
Tony Cathey	Secretary	3.16	Director	$41,246	$0	$41,246
Lawrence E Hudson	Director	3.64	Director	$40,646	$0	$40,646
John E Ashcraft	Director	4.28	Director	$40,622	$0	$40,622
Frank Wilson	Director	4.96	Director	$40,496	$0	$40,496
William M Humphrey	Director	2.03	Director	$40,046	$0	$40,046
Philip C Wilson	Director	0	Director	$38,546	$0	$38,546
Keith D Griffin	Chairman	3.63	Director	$37,528	$0	$37,528
Charles S Searcy	Chairman	3.37	Director	$33,346	$0	$33,346
Robert W Floyd	Director	2.45	Director	$33,046	$0	$33,046

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	$52,325,761	$48,083,686	$168,983,308	$4,242,075
2023	$48,131,307	$44,277,379	$168,288,825	$3,853,928
2022	$53,180,295	$52,475,984	$142,929,498	$704,311
2021	$49,154,793	$45,934,992	$139,600,891	$3,219,801
2020	$40,050,902	$38,812,647	$142,389,757	$1,238,255
2019	$42,063,835	$41,240,197	$134,173,156	$823,638
2018	$44,411,326	$43,680,602	$125,184,734	$730,724

C & L ELECTRIC COOPERATIVE CORPORATION