CONCORDIA ELECTRIC COOPERATIVE INC (EIN 720158715) - 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

1940

Legal Domicile

Principal Officer

Billy Joe Davis

Phone

3183397969

Tax Period

2023-01-01 to 2023-12-31

CONCORDIA ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $27.6M in total revenue in fiscal year 2023.

Mission

Sale of electricity to consumers in rural areas.

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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 $27,400,195

Investment Income $181,032

Other Revenue $2,060

TOTAL REVENUE $27,583,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $-745

Fundraising Expenses $0

Program Expenses $29,295,993

Other Expenses $29,296,738

TOTAL EXPENSES $29,295,993

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,583,287	$25,883,979	+0.1%
Expenses	$29,295,993	$27,527,706	+0.1%
Net Income	$-1,712,706	$-1,643,727	+0.0%

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

N/A

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

$126,846

Total Directors

$84,054

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Stanley DeWayne Bailey	General Manager & CEO	40	Officer	$126,521	$325	$126,846
Craig McCully	Staking & Safety	50	Highest	$103,779	$798	$104,577
Jacques Lossin	Service Lineman	54	Highest	$102,003	$325	$102,328
Bobby Creel	Director	0.25	Director	$20,493	$0	$20,493
Don Hamilton	Vice President	0.25	Director	$12,529	$0	$12,529
Brenda Higdon	Secretary	0.25	Director	$11,292	$0	$11,292
David Wade	President	0.25	Director	$9,297	$0	$9,297
William Cockerham	Treasurer	0.25	Director	$8,350	$0	$8,350
Christopher Freeman	Director	0.25	Director	$7,809	$0	$7,809
Kenneth Ford	Director	0.25	Director	$6,850	$0	$6,850
David Cole	Director	0.25	Director	$5,459	$0	$5,459
Tracy Mae	Director	0.25	Director	$1,975	$0	$1,975

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	$27,583,287	$29,295,993	$39,282,396	$-1,712,706
2022	$25,883,979	$27,527,706	$36,997,030	$-1,643,727
2021	$22,617,989	$23,069,342	$36,746,987	$-451,353
2020	$21,640,601	$21,921,461	$36,607,934	$-280,860

CONCORDIA ELECTRIC COOPERATIVE INC