CRAIGHEAD ELECTRIC COOPERATIVE CORP (EIN 710039695) - 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

1937

Legal Domicile

Principal Officer

MEL COLEMAN

Phone

8709328301

Tax Period

2023-01-01 to 2023-12-31

CRAIGHEAD ELECTRIC COOPERATIVE CORP, founded in 1937, is a mid-sized nonprofit that reported $69.2M in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE ELECTRIC POWER TO RURAL AREAS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,741,507

Investment Income $3,829,764

Other Revenue $34,122

TOTAL REVENUE $80,605,393

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,775,454

Fundraising Expenses $0

Other Expenses $62,134,824

TOTAL EXPENSES $80,605,393

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,605,393	$80,274,486	+0.0%
Expenses	$80,605,393	$80,274,486	+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

125

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

$805,742

Total Directors

$142,466

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMIAH SLOAN	CEO	50.00		$316,616	$103,196	$419,812
KEITH BLOCKER	VP ENGINEERI	50.00	Officer	$230,533	$77,784	$308,317
MARK A MILLER	VP OF OPERAT	50.00	Officer	$200,120	$67,168	$267,288
JUSTIN ETTER	VP OF CORP.	50.00	Officer	$165,756	$64,381	$230,137
TOSH MANNING	JOURNEYMAN L	50.00	Highest	$161,155	$46,716	$207,871
BILL ELLIOT JR	DIRECTOR	4.83	Director	$25,094	$0	$25,094
TERRY ROREX	DIRECTOR	10.24	Director	$24,898	$0	$24,898
DWIGHT ENGLAND	DIRECTOR	6.83	Director	$22,104	$0	$22,104
STEVE KUETER	DIRECTOR	3.13	Director	$20,294	$0	$20,294
KEITH MOSBEY	DIRECTOR	7.15	Director	$20,294	$0	$20,294
LEN NALL	DIRECTOR	3.98	Director	$15,066	$0	$15,066
BOBBY WADE	DIRECTOR	8.27	Director	$14,716	$0	$14,716
MEL COLEMAN	INTERIM CEO	N/A	Officer	$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
2024	No data	No data	No data	No data
2023	$80,605,393	$80,605,393	$338,329,297	No data
2022	$80,274,486	$80,274,486	$321,117,191	No data
2021	$82,491,659	$84,604,736	$310,856,675	$-2,113,077
2020	$68,313,836	$69,140,563	$294,915,413	$-826,727
2019	$61,621,833	$61,621,833	$246,865,296	No data
2018	$69,195,844	$69,195,844	$222,953,333	No data

CRAIGHEAD ELECTRIC COOPERATIVE CORP