HAMILTON COUNTY ELECTRIC COOPERATI… - Form 990 Financial Data

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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

CODY LASATER

Phone

2543863123

Tax Period

2023-01-01 to 2023-12-31

HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION, founded in 1938, is a mid-sized nonprofit that reported $41.7M in total revenue in fiscal year 2023.

Mission

IT IS THE MISSION OF HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION TO PROVIDE SAFE, RELIABLE, QUALITY ELECTRIC SERVICE TO OUR MEMBERS AT AN AFFORDABLE PRICE. IT IS OUR GOAL TO CONTROL COSTS, TO ASSURE THAT RATES CAN REMAIN LOW INTO THE FUTURE. ADDITIONALLY, WE STRIVE TO PROVIDE SERVICE AND LEADERSHIP THAT WILL HAVE A POSITIVE INFLUENCE ON THE LIVES OF THE MEMBERS THAT WE SERVE.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,261 ACTIVE SERVICES AT YEAR END.

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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 $41,012,767

Investment Income $281,396

Other Revenue $434,020

TOTAL REVENUE $41,728,183

Expense Breakdown

Grants Paid $21,722

Salaries & Benefits $3,081,183

Fundraising Expenses $0

Other Expenses $35,066,374

TOTAL EXPENSES $41,514,205

Year-over-Year Comparison

	2023	2022	Change
Revenue	$41,728,183	$42,983,209	0.0%
Expenses	$41,514,205	$44,430,894	-0.1%
Net Income	$213,978	$-1,447,685	-1.1%

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

$333,919

Total Directors

$53,330

Key Employees

$181,250

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK CALDWELL	DIRECTOR	2.40	Director	$7,320	$0	$7,320
SAM CAMPBELL	DIRECTOR	2.80	Director	$7,612	$0	$7,612
DUSTIN DUNCAN	VICE PRESIDENT	4.70	Officer Director	$7,480	$0	$7,480
BRANDON HAILE	SECRETARY/TREASURER	3.00	Officer Director	$7,985	$0	$7,985
ERVIN KOERTH	DIRECTOR	3.30	Director	$7,993	$0	$7,993
JOHN PRIDDY	DIRECTOR	2.40	Director	$7,320	$0	$7,320
ROBERT STRALEY	PRESIDENT	6.10	Officer Director	$7,620	$0	$7,620
JAMES CODY LASATER	GENERAL MANAGER	40.00	Officer	$194,313	$116,521	$310,834
JORGE MENDOZA	ENG. SERVICES SUPERVSR	40.00	Key Emp	$157,328	$23,922	$181,250
JAMES HORTON	SERVICE FOREMAN	40.00	Highest	$148,275	$66,646	$214,921
JUSTIN S WILSON	MANAGER OF OPERATIONS	40.00	Highest	$142,746	$165,349	$308,095
RANDALL DENNING	SERVICE FOREMAN	40.00	Highest	$140,206	$85,763	$225,969
JAMES G BELCHER	CONSTRUCTION FOREMAN	40.00	Highest	$137,843	$115,106	$252,949
JUSTIN TUBBS	CONSTRUCTION FOREMAN	40.00	Highest	$131,144	$79,419	$210,563

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	$41,728,183	$41,514,205	$93,503,492	$213,978
2022	$42,983,209	$44,430,894	$97,291,590	$-1,447,685
2021	$30,414,336	$30,753,904	$89,210,943	$-339,568
2020	$27,395,130	$27,236,670	$91,042,596	$158,460
2019	$28,863,465	$27,964,097	$88,665,563	$899,368
2018	$27,854,789	$27,181,316	$85,294,031	$673,473

HAMILTON COUNTY ELECTRIC COOPERATIVE ASSOCIATION