FAYETTE ELECTRIC COOPERATIVE INC (EIN 740620793) - 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

1939

Legal Domicile

Principal Officer

DOUGLAS LAMBERT

Phone

9799683181

Tax Period

2023-01-01 to 2023-12-31

FAYETTE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $39.2M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RELIABLE, COST EFFECTIVE ELECTRIC SERVICE TO OUR MEMBER-OWNERS.

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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 $39,150,123

Investment Income $54,197

Other Revenue $8,388

TOTAL REVENUE $39,212,708

Expense Breakdown

Grants Paid $16,856

Salaries & Benefits $3,631,662

Fundraising Expenses $0

Other Expenses $34,413,342

TOTAL EXPENSES $38,864,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,212,708	$35,384,324	+0.1%
Expenses	$38,864,912	$35,582,553	+0.1%
Net Income	$347,796	$-198,229	-2.8%

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

$293,711

Total Directors

$133,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID G LEHMANN	PRESIDENT	3.50	Officer Director	$18,531	$0	$18,531
JOSEPH C KRUPPA	VICE PRESIDENT	7.00	Officer Director	$20,571	$0	$20,571
BILL BRISCOE	SECRETARY/TREASURER	3.50	Officer Director	$19,911	$0	$19,911
DAVID A STANCIK	DIRECTOR	6.60	Director	$19,462	$0	$19,462
LEO C HENKE JR	DIRECTOR	4.10	Director	$19,036	$0	$19,036
DAVID ANDERLE	DIRECTOR	3.60	Director	$17,921	$0	$17,921
GALE LINCKE	DIRECTOR	3.50	Director	$18,061	$0	$18,061
GARY DON NIETSCHE	GENERAL MANAGER	80.00	Officer	$168,137	$66,561	$234,698
LINDA GADDES	ACCOUNTING SUPERVISOR	50.00	Highest	$119,584	$20,538	$140,122
LEO J WICK	ASST ENG SUPERVISOR	40.00	Highest	$114,041	$49,475	$163,516
LARRY SULAK	SAFETY COORDINATOR	40.00	Highest	$108,759	$74,747	$183,506
ROBERT THOMAS	LINE SUPERINTENDENT	40.00	Highest	$108,957	$64,253	$173,210
CHARLES SRUBAR	LINE FOREMAN	40.00	Highest	$104,537	$52,365	$156,902

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	$39,212,708	$38,864,912	$108,158,589	$347,796
2022	$35,384,324	$35,582,553	$95,911,280	$-198,229
2021	$41,712,810	$41,712,150	$93,811,267	$660
2020	$39,346,324	$39,343,131	$90,206,218	$3,193
2019	$38,163,975	$38,067,087	$86,427,047	$96,888
2018	$34,334,985	$34,425,355	$85,061,523	$-90,370

FAYETTE ELECTRIC COOPERATIVE INC