WOODRUFF ELECTRIC COOPERATIVE CORP (EIN 710195390) - Form 990 Financial Analysis & Trantor Score

🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

MICHAEL L SWAN

Phone

8706332262

Tax Period

2023-01-01 to 2023-12-31

WOODRUFF ELECTRIC COOPERATIVE CORP, founded in 1937, is a mid-sized nonprofit that reported $52.0M in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

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

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $53,335,814

Investment Income $533,820

Other Revenue $-274,096

TOTAL REVENUE $53,595,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,478,090

Fundraising Expenses $0

Program Expenses $53,754,933

Other Expenses $41,196,996

TOTAL EXPENSES $53,754,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$53,595,538	$59,033,506	-0.1%
Expenses	$53,754,933	$59,033,506	-0.1%
Net Income	$-159,395	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$393,977

Total Directors

$227,194

Key Employees

$511,513

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL L SWAN	PRESIDENT/CE	50.00	Officer	$264,966	$129,011	$393,977
RONALD L COCKMON	VP-OFFICE SE	50.00	Key Emp	$174,640	$98,281	$272,921
JIMMY R COOK	VP-ENGINEERI	50.00	Key Emp	$157,941	$80,651	$238,592
GLENN M KELLEY	VP-INFORMATI	50.00	Highest	$142,650	$84,211	$226,861
RODNEY KELSO	VP - OPERATI	50.00	Highest	$140,573	$82,524	$223,097
EDWARD MILTON	DISTRICT MAN	50.00	Highest	$117,324	$72,950	$190,274
NORMA HAWKINS	VP OF HUMAN	50.00	Highest	$121,898	$62,142	$184,040
KEVIN SCOTT	VP - CORPORA	50.00	Highest	$112,946	$70,597	$183,543
AB THOMPSON JR	DIRECTOR	6.46	Director	$34,179	$0	$34,179
JERRY BROWN	DIRECTOR	7.08	Director	$32,738	$0	$32,738
CHARLES C BURROW III	DIRECTOR	7.38	Director	$30,726	$0	$30,726
JOE WHITTENTON III	DIRECTOR	4.46	Director	$29,325	$0	$29,325
SHELIA BANKS	DIRECTOR	7.38	Director	$27,344	$0	$27,344
W WAYNE BEADLES	DIRECTOR	3.69	Director	$25,179	$0	$25,179
JIMMY N BICKERSTAFF	DIRECTOR	3.53	Director	$24,179	$0	$24,179
BRENT PONDER	DIRECTOR	7.23	Director	$17,762	$0	$17,762
BILL RUSHING	DIRECTOR	3.54	Director	$5,762	$0	$5,762

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	$53,595,538	$53,754,933	$230,762,093	$-159,395
2022	$59,033,506	$59,033,506	$206,489,107	No data
2021	$53,985,272	$53,985,272	$207,108,353	No data
2020	$47,577,802	$47,577,802	$209,673,969	No data
2019	$46,501,650	$46,501,650	$186,941,309	No data
2018	$51,962,793	$51,962,793	$176,509,965	No data

WOODRUFF ELECTRIC COOPERATIVE CORP