Claiborne Electric Cooperative Inc (EIN 720154371) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

MARK BROWN

Phone

3189273504

Tax Period

2023-01-01 to 2023-12-31

Claiborne Electric Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $66.5M in total revenue in fiscal year 2023.

Mission

THE WHOLESALE PURCHASE, DISTRIBUTION, AND RETAIL SALE OF ELECTRICITY TO APPROXIMATELY 18,553 RURAL MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $64,473,504

Investment Income $1,563,867

Other Revenue $458,276

TOTAL REVENUE $66,495,647

Expense Breakdown

Grants Paid $0

Salaries & Benefits $654,731

Fundraising Expenses $0

Program Expenses $69,745,764

Other Expenses $69,091,033

TOTAL EXPENSES $69,745,764

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,495,647	$65,842,687	+0.0%
Expenses	$69,745,764	$67,629,147	+0.0%
Net Income	$-3,250,117	$-1,786,460	+0.8%

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

$596,231

Total Directors

$94,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BROWN	GM & CEO	65.00	Officer	$249,113	$77,596	$326,709
KATHY TANNER	CFO	50.00	Officer	$170,462	$63,060	$233,522
ROCKY LACHNEY	AREA SERVICEMAN	50.00		$174,704	$52,242	$226,946
CALEB TEMPLE	FOREMAN	50.00		$167,608	$51,912	$219,520
ADAM FLENNIKEN	AREA SERVICEMAN	50.00		$156,277	$50,224	$206,501
DANIEL KIMBELL	OP & MAINT MANAGER	50.00		$152,153	$54,259	$206,412
JEREMY SHAW	AREA SERVICEMAN	50.00		$169,188	$36,323	$205,511
PHILIP FINCHER	Vice President	10.00	Officer Director	$21,000	$0	$21,000
LANE DAVIDSON	Director	14.00	Director	$13,000	$0	$13,000
LEROY PERRITT	Director	13.00	Director	$11,000	$0	$11,000
BEN ABSHIRE	Director	8.00	Director	$10,000	$0	$10,000
RAND KILLGORE	Director	10.00	Director	$10,000	$0	$10,000
HEZ ELKINS	President	8.00	Officer Director	$7,500	$0	$7,500
SCOTT JONES	Secretary/Treas	10.00	Officer Director	$7,500	$0	$7,500
JODY WOODARD	Director	8.00	Director	$7,500	$0	$7,500
WILLIE SENSLEY	Director	8.00	Director	$7,000	$0	$7,000

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	$66,495,647	$69,745,764	$135,201,019	$-3,250,117
2022	$65,842,687	$67,629,147	$130,568,003	$-1,786,460
2021	$58,416,473	$58,633,788	$126,445,494	$-217,315
2020	$55,005,858	$55,005,858	$122,907,315	No data
2019	$58,687,235	$58,687,235	$116,897,533	No data
2018	$61,226,483	$61,226,483	$116,321,619	No data

Claiborne Electric Cooperative Inc