NORTHEAST LA POWER COOPERATIVE INC (EIN 720275430) - 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

JEFFREY S CHURCHWELL

Phone

3184354523

Tax Period

2023-01-01 to 2023-12-31

NORTHEAST LA POWER COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $28.5M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

DISTRIBUTION OF ELECTRICITY 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 $27,948,700

Investment Income $110,064

Other Revenue $433,973

TOTAL REVENUE $28,492,737

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,076,383

Fundraising Expenses $0

Other Expenses $24,567,471

TOTAL EXPENSES $28,492,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,492,737	$35,033,427	-0.2%
Expenses	$28,492,737	$35,033,427	-0.2%
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

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

$254,415

Total Directors

$38,501

Key Employees

$173,188

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAD H WATERS JR	DIRECTOR	4.00	Director	$10,019	$0	$10,019
ALTON L WELCH JR	DIRECTOR	4.00	Director	$10,358	$0	$10,358
RICHARD T STRONG	DIRECTOR	4.00	Director	$8,065	$0	$8,065
STEVE E PYLANT	DIRECTOR	4.00	Director	$3,696	$0	$3,696
DAVIN MCMURRY	DIRECTOR	4.00	Director	$6,363	$0	$6,363
JEFFREY S CHURCHWELL	GENERAL MANAGER	40.00	Officer	$197,197	$33,370	$230,567
WELDON FITCH	PRESIDENT	10.00	Officer	$12,678	$0	$12,678
CHARLES B HIXON	VICE PRESIDENT	4.00	Officer	$6,060	$0	$6,060
RONALD PIPPIN	SECRETARY	4.00	Officer	$5,110	$0	$5,110
KATHRYN W PYLANT	ACCOUNTANT	40.00	Key Emp	$155,943	$17,245	$173,188
BILLY ACREMAN	DISTRICT OFFICE MANAGER	40.00	Highest	$117,127	$22,592	$139,719

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	$28,492,737	$28,492,737	$46,753,294	No data
2022	$35,033,427	$35,033,427	$48,064,247	No data
2021	$28,559,688	$28,559,688	$45,713,244	No data
2020	$25,493,974	$25,493,974	$44,148,459	No data
2019	$26,861,246	$26,861,246	$43,399,989	No data
2018	$26,959,973	$26,959,973	$42,836,839	No data

NORTHEAST LA POWER COOPERATIVE INC