SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INC (EIN 710165740) - 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

1941

Legal Domicile

Phone

8702466701

Tax Period

2023-01-01 to 2023-12-31

South Central Arkansas Electric Cooperative Inc, founded in 1941, is a mid-sized nonprofit that reported $26.6M in total revenue in fiscal year 2018. Expenses of $25.3M left a modest 5% surplus.

Mission

ELECTRIC DISTRIBUTION TO MEMBERS AT MINIMAL COST. 236,800,037 KWH WERE SOLD TO AN AVERAGE OF 10,583 CONSUMERS.

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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 $24,824,147

Investment Income $438,896

Other Revenue $4,055,397

TOTAL REVENUE $29,318,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $623,424

Fundraising Expenses $0

Program Expenses $27,652,741

Other Expenses $27,029,317

TOTAL EXPENSES $27,652,741

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,318,440	$33,518,151	-0.1%
Expenses	$27,652,741	$33,240,742	-0.2%
Net Income	$1,665,699	$277,409	+5.0%

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

$454,409

Total Directors

$268,056

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KIRKSEY	PRESIDENT	5.00	Officer Director	$11,500	$21,045	$32,545
DANNY BUCK	DIRECTOR	3.00	Director	$11,000	$20,607	$31,607
SCOTT CLARK	VICE-PRESIDENT	5.00	Officer Director	$10,500	$26,389	$36,889
TIM TROUT	SECRETARY/TREAS	5.00	Director	$14,500	$19,920	$34,420
KAREN KIRKPATRICK	SECRETARY/TREAS	4.00	Officer Director	$9,000	$20,607	$29,607
RONNIE PENNEY	DIRECTOR	1.00	Director	$11,000	$11,178	$22,178
RICKY FRANCIS	DIRECTOR	7.00	Director	$12,500	$20,358	$32,858
SHELLY LOE	DIRECTOR	3.00	Director	$14,000	$25,702	$39,702
MARK BATSON	DIRECTOR	5.00	Director	$8,250	$0	$8,250
COLBY WELLS	CHIEF EXECUTIVE OFFICER	60.00	Officer	$237,303	$118,065	$355,368
JAMIE FARRELL	VP TECHNOLOGY/GM FIBER SUB	41.00	Highest	$118,522	$70,286	$188,808
AUSTIN WILSON	SERVICEMAN	55.00	Highest	$117,321	$52,624	$169,945
ALBERT CUMMINGS	LINEMAN	55.00	Highest	$112,595	$38,704	$151,299
JEREMY LEAMONS	SERVICEMAN	48.00	Highest	$100,081	$52,107	$152,188
MICHAEL ARMSTRONG	VP OF OPERATIONS	41.00	Highest	$106,240	$64,769	$171,009

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	$29,318,440	$27,652,741	$128,109,281	$1,665,699
2021	$35,113,922	$33,760,981	$118,999,056	$1,352,941
2020	$29,466,785	$27,805,108	$108,210,607	$1,661,677
2019	$28,849,743	$28,366,918	$92,927,756	$482,825
2018	$26,610,034	$25,255,104	$76,700,457	$1,354,930

SOUTH CENTRAL ARKANSAS ELECTRIC COOPERATIVE INC