BARTLETT ELECTRIC COOPERATIVE INC (EIN 740501156) - 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

1935

Legal Domicile

Principal Officer

BRYAN LIGHTFOOT

Phone

2545273551

Tax Period

2023-01-01 to 2023-12-31

BARTLETT ELECTRIC COOPERATIVE INC, founded in 1935, is a mid-sized nonprofit that reported $47.6M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE QUALITY AND RELIABLE SERVICES TO MEMBERS OF THE COOPERATIVE AT REASONABLE RATES.

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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 $44,229,961

Investment Income $1,275,788

Other Revenue $2,072,444

TOTAL REVENUE $47,578,193

Expense Breakdown

Grants Paid $3,525

Salaries & Benefits $4,866,629

Fundraising Expenses $0

Other Expenses $40,219,820

TOTAL EXPENSES $47,729,116

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,578,193	$40,795,236	+0.2%
Expenses	$47,729,116	$40,798,623	+0.2%
Net Income	$-150,923	$-3,387	+43.6%

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

$1,490,273

Total Directors

$113,698

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUGENE URBANOVSKY	PRESIDENT	3.20	Officer Director	$13,149	$0	$13,149
SAMUEL J JACKSON	VICE PRESIDENT	5.50	Officer Director	$20,656	$0	$20,656
KLAASJE MOFFATT	SECRETARY/TREASURER	1.30	Officer Director	$9,346	$0	$9,346
MIKE ADAMSON	DIRECTOR	2.70	Director	$12,696	$0	$12,696
HENRY BRADFORD	DIRECTOR	2.50	Director	$13,081	$0	$13,081
JAMIESUE FERGUSON	DIRECTOR	1.30	Director	$6,831	$0	$6,831
ELDON LANGE	DIRECTOR	0.90	Director	$8,269	$0	$8,269
EDD MELTON III	DIRECTOR	3.20	Director	$18,739	$0	$18,739
PETER YONG	DIRECTOR	2.10	Director	$10,931	$0	$10,931
BRYAN LIGHTFOOT	GM/CHIEF EXECUTIVE OFFICER	41.00	Officer	$266,680	$172,435	$439,115
AARON ADKINS	CHIEF BROADBAND OFFICER	43.30	Officer	$141,250	$17,222	$158,472
GLENDA HILL	CHIEF FINANCIAL OFFICER	44.90	Officer	$138,356	$59,553	$197,909
RANDALL LEWIS	CHIEF ENGINEERING OFFICER (OCT-DEC)	40.30	Officer	$44,725	$7,847	$52,572
DANIEL SANDERS	CHIEF OPERATIONS OFFICER	43.60	Officer	$135,585	$41,544	$177,129
KENNETH SLACK	CHIEF ENGINEERING OFFICER (JAN-OCT)	41.00	Officer	$174,052	$46,182	$220,234
CARRIE WENZEL	CHIEF HUMAN RESOURCES OFFICER	42.80	Officer	$148,226	$53,465	$201,691
CHRISTOPHER ALLEN	OPERATIONS SUPERVISOR	43.10	Highest	$121,928	$44,005	$165,933
KIRBY DAWSON	OPERATIONS SUPERVISOR	42.50	Highest	$122,885	$65,523	$188,408
RODOLFO GONZALEZ	OPERATIONS FOREMAN	45.90	Highest	$125,380	$92,459	$217,839
CHARLES MCNEA	BROADBAND PLANT FOREMAN	46.90	Highest	$132,641	$33,127	$165,768
SHAWN WILLIS	OPERATIONS FOREMAN	44.40	Highest	$118,681	$58,054	$176,735

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	$47,578,193	$47,729,116	$137,805,801	$-150,923
2022	$40,795,236	$40,798,623	$118,957,588	$-3,387
2021	$28,050,758	$27,513,189	$88,566,518	$537,569
2020	$25,111,831	$24,814,222	$72,654,203	$297,609
2019	$25,679,235	$24,968,064	$64,977,802	$711,171
2018	$23,979,484	$23,334,048	$62,732,387	$645,436

BARTLETT ELECTRIC COOPERATIVE INC