JEFFERSON DAVIS ELECTRIC COOPERATIVE INC

EIN: 720362325

JENNINGS, LA

Total Revenue
$32,170,602
Total Expenses
$32,278,328
Total Assets
$269,547,010
Net Assets
$21,973,569
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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
1941
Legal Domicile
LA
Principal Officer
MICHAEL HEINEN
Phone
3378244330
Tax Period
2023-01-01 to 2023-12-31

JEFFERSON DAVIS ELECTRIC COOPERATIVE INC, founded in 1941, is a mid-sized nonprofit that reported $32.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $32,417,362
Investment Income $-328,022
Other Revenue $81,262
TOTAL REVENUE $32,170,602

Expense Breakdown

Grants Paid $24,904
Salaries & Benefits $4,441,121
Fundraising Expenses $0
Other Expenses $27,812,303
TOTAL EXPENSES $32,278,328

Year-over-Year Comparison

2023 2022 Change
Revenue $32,170,602 $31,094,212 +0.0%
Expenses $32,278,328 $30,553,682 +0.1%
Net Income $-107,726 $540,530 -1.2%
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

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Governance

Voting Members
8
Independent Members
8
Employees
61
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
6
$699,030
Total Directors
9
$186,904
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BERKEN SECRETARY/TREASURER 1.50
Officer Director
$30,365 $0 $30,365
JOSEPH TUPPER JR PRESIDENT 1.40
Officer Director
$30,665 $0 $30,665
REGGIE MURPHY DIRECTOR 2.50
Director
$30,665 $0 $30,665
KEVIN SONNIER DIRECTOR 1.80
Director
$29,465 $0 $29,465
HERMAN PRECHT III VICE PRESIDENT 1.80
Officer Director
$29,798 $0 $29,798
JAMES DOXEY DIRECTOR 1.90
Director
$1,900 $0 $1,900
MARTIN ZAUNBRECHER DIRECTOR 1.40
Director
$1,100 $0 $1,100
BYRON HARDEE DIRECTOR 3.00
Director
$15,864 $0 $15,864
DEAN LANDRY DIRECTOR 1.50
Director
$17,082 $0 $17,082
MICHAEL HEINEN CHIEF EXECUTIVE OFFICER 50.00
Officer
$203,248 $148,062 $351,310
TARA GUINN CHIEF FINANCIAL OFFICER 40.00
Officer
$75,055 $33,349 $108,404
ERIC GAUTREAUX CHIEF OPERATING OFFICER 44.00
Officer
$110,740 $37,748 $148,488
JUSTIN NORTHCUTT WORKING FOREMAN 44.00
Highest
$113,169 $33,368 $146,537
JUSTIN RINGUET WORKING FOREMAN 44.00
Highest
$106,555 $37,749 $144,304
E GARNER NUNEZ FORMER DIRECTOR 0.00
$12,751 $0 $12,751
CLAUDE BREAUX FORMER DIRECTOR 0.00
$12,751 $0 $12,751
KIRK WELDON FORMER DIRECTOR 0.00
$18,790 $0 $18,790
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 $32,170,602 $32,278,328 $269,547,010 $-107,726
2022 $31,094,212 $30,553,682 $284,262,532 $540,530
2021 $26,863,378 $23,469,456 $301,854,455 $3,393,922
2020 $22,246,345 $24,716,755 $253,439,179 $-2,470,410
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