Ouachita Electric Cooperative Corporation (EIN 710133895) - 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

1939

Legal Domicile

Phone

8708365791

Tax Period

2024-01-01 to 2024-12-31

OUACHITA ELECTRIC COOPERATIVE CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $26.1M in total revenue in fiscal year 2018. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

PROVIDE ECONOMICAL AND RELIABLE ELECTRICAL POWER TO OUR MEMBERS AND THE COMMUNITIES WE SERVE.

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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 $27,344,002

Investment Income $634,881

Other Revenue $102,120

TOTAL REVENUE $28,081,003

Expense Breakdown

Grants Paid $42,870

Salaries & Benefits $1,988,640

Fundraising Expenses $0

Program Expenses $0

Other Expenses $23,802,449

TOTAL EXPENSES $28,288,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,081,003	$25,102,688	+0.1%
Expenses	$28,288,766	$25,141,628	+0.1%
Net Income	$-207,763	$-38,940	+4.3%

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

$487,605

Total Directors

$108,700

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID MCLEANE	CHAIRMAN	2.5	Officer Director	$8,300	$0	$8,300
LISA HENDRIX	VICE CHAIRMAN	2.0	Officer Director	$8,250	$0	$8,250
WALTER PIGOTT	SECRETARY/TREASURER	4.5	Officer Director	$15,600	$0	$15,600
BEAU MORGAN	DIRECTOR	3.0	Director	$14,150	$0	$14,150
CORBET J LAMKIN	DIRECTOR	3.5	Director	$16,050	$0	$16,050
DANNY ADAMS	DIRECTOR	2.0	Director	$10,800	$0	$10,800
DAVID KELLY	DIRECTOR	4.5	Director	$8,000	$0	$8,000
GREGG GOSS	DIRECTOR	2.0	Director	$2,800	$0	$2,800
JAMES GARNER	DIRECTOR	1.5	Director	$4,300	$0	$4,300
KELLY BELT	DIRECTOR	4.0	Director	$3,500	$0	$3,500
SHEILA JOHNSON	DIRECTOR	4.0	Director	$16,950	$0	$16,950
JUDY TAYLOR	FINANCE & ACCT MANGR	50.0	Officer	$112,236	$57,083	$169,319
SHAWN DORLINGER	GENERAL MANAGER	50.0	Officer	$181,946	$104,190	$286,136
ALAN FERGUSON	DISTRIBUTING SYS DIST/FOREMAN	46.5	Highest	$119,427	$78,696	$198,123
BRYAN DUNN	DISTRIBUTION SYS DIST/BR MGR	50.0	Highest	$123,064	$85,891	$208,955
DAVID MORGAN	IT SYSTEMS OPERATIONS MGR	50.0	Highest	$121,078	$80,337	$201,415
JEREMY C DAVIS	ENGINEERING SERVICES TECH.	46.4	Highest	$119,374	$78,543	$197,917
JIMMY PITTS	ENGINEERING SERVICES TECH	46.5	Highest	$117,705	$78,416	$196,121

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	$28,081,003	$28,288,766	$122,767,818	$-207,763
2023	$25,102,688	$25,141,628	$118,302,555	$-38,940
2022	$24,794,021	$24,874,862	$119,870,625	$-80,841
2021	$25,239,796	$24,864,015	$116,417,453	$375,781
2020	$25,049,595	$25,049,595	$113,914,421	No data
2019	$26,563,685	$26,563,685	$114,650,998	No data
2018	$26,084,474	$26,084,474	$98,056,196	No data

Ouachita Electric Cooperative Corporation