FARMERS ELECTRIC COOPERATIVE (EIN 710054405) - 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

BRIAN LINDSEY

Phone

8705233691

Tax Period

2024-01-01 to 2024-12-31

FARMERS ELECTRIC COOPERATIVE CORPORATION, founded in 1937, is a community nonprofit that reported $9.9M in total revenue in fiscal year 2019. Revenue decreased 11% compared to the prior year. Expenses of $9.1M left a modest 7% surplus.

Mission

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

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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 $12,426,752

Investment Income $1,027,680

Other Revenue $45,206

TOTAL REVENUE $13,499,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,251

Fundraising Expenses $0

Other Expenses $11,439,654

TOTAL EXPENSES $13,499,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,499,638	$11,204,866	+0.2%
Expenses	$13,499,638	$11,204,866	+0.2%
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

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

Total Directors

$133,692

Key Employees

$243,235

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY BRIGHT	GENERAL MANA	40.00	Key Emp	$189,044	$54,191	$243,235
RONALD MARK BOWEN	CONST SUPERI	50.00	Highest	$105,684	$43,675	$149,359
CANDACE SHIRLEY	SECRETARY-TR	2.00	Director	$30,004	$0	$30,004
SCOTT MEARS	DIRECTOR	2.00	Director	$27,196	$0	$27,196
KENNY FALWELL	PRESIDENT	2.00	Director	$24,283	$0	$24,283
SAM HOUSTON	VICE PRESIDE	2.00	Director	$23,390	$0	$23,390
MICHAEL HONEY	DIRECTOR	2.00	Director	$23,335	$0	$23,335
SCOTT FOUSHEE	DIRECTOR	2.00	Director	$3,768	$0	$3,768
TODD HULETT	DIRECTOR	2.00	Director	$1,716	$0	$1,716

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	$13,499,638	$13,499,638	$54,762,396	No data
2023	$11,204,866	$11,204,866	$47,967,681	No data
2022	$12,597,163	$11,982,556	$43,340,153	$614,607
2021	$11,561,082	$10,885,557	$38,614,201	$675,525
2020	$10,265,595	$9,104,808	$37,231,596	$1,160,787
2019	$9,855,642	$9,127,854	$36,592,076	$727,788

FARMERS ELECTRIC COOPERATIVE