ASHLEY-CHICOT ELECTRIC COOPERATIVE INC (EIN 710205220) - 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

Principal Officer

EMORY AUSTIN

Phone

8708535212

Tax Period

2023-01-01 to 2023-12-31

ASHLEY-CHICOT ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $10.8M in total revenue in fiscal year 2018. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

SALE OF ELECTRICITY TO RURAL MEMBERS

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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 $11,631,690

Investment Income $109,250

Other Revenue $244,960

TOTAL REVENUE $11,985,900

Expense Breakdown

Grants Paid $0

Salaries & Benefits $492,131

Fundraising Expenses $0

Other Expenses $10,567,931

TOTAL EXPENSES $11,985,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,985,900	$13,513,079	-0.1%
Expenses	$11,985,900	$13,513,079	-0.1%
Net Income	$0	$0	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

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

$247,842

Total Directors

$37,214

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LYNN	DIRECTOR	2.00	Director	$6,934	$3,342	$10,276
RICHARD STOCK	DIRECTOR	2.00	Director	$1,089	$0	$1,089
JUSTIN GREEN	DIRECTOR	3.00	Director	$4,964	$2,202	$7,166
ANDREW HARTSHORN	DIRECTOR	3.00	Director	$10,513	$8,170	$18,683
MIKE HUGGINS	DIRECTOR	2.00	Director	$0	$0	$0
EMORY AUSTIN	PRESIDENT	8.00	Officer	$2,036	$0	$2,036
MARTHA PENNINGTON	SECRETARY	5.00	Officer	$11,135	$9,066	$20,201
MARK PIERONI	VICE PRESIDENT	2.00	Officer	$3,884	$1,728	$5,612
RODNEY CHAPMAN	GENERAL MANAGER	40.00	Officer	$126,632	$93,361	$219,993
THOMAS WELLS	OPERATIONS MANAGER	40.00	Highest	$125,680	$79,150	$204,830
FRANK DODSON	CONSTRUCTION FORMAN	40.00	Highest	$102,222	$58,758	$160,980
MARCUS COLLINS	LEAD SERVICE MAN	40.00	Highest	$112,004	$69,168	$181,172

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	$11,985,900	$11,985,900	$46,229,416	No data
2022	$13,513,079	$13,513,079	$43,086,261	No data
2021	$11,933,884	$11,933,884	$39,523,502	No data
2020	$10,520,663	$10,520,663	$37,577,640	No data
2019	$10,128,542	$10,128,542	$38,125,123	No data
2018	$10,839,663	$10,839,663	$38,138,732	No data

ASHLEY-CHICOT ELECTRIC COOPERATIVE INC