JASPER NEWTON ELECTRIC COOPERATIVE INC (EIN 740711255) - 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

1944

Legal Domicile

Principal Officer

MARK TAMPLIN

Phone

4094232241

Tax Period

2023-01-01 to 2023-12-31

JASPER NEWTON ELECTRIC COOPERATIVE INC, founded in 1944, is a mid-sized nonprofit that reported $62.7M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $62,451,901

Investment Income $115,286

Other Revenue $97,671

TOTAL REVENUE $62,664,858

Expense Breakdown

Grants Paid $6,870

Salaries & Benefits $10,108,640

Fundraising Expenses $0

Other Expenses $51,289,922

TOTAL EXPENSES $62,664,858

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,664,858	$65,226,638	0.0%
Expenses	$62,664,858	$65,226,638	0.0%
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

123

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

$609,331

Total Directors

$145,976

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY BISCAMP	PRESIDENT (JAN-APRIL)	5.30	Officer Director	$4,634	$0	$4,634
PATRICK BROWN	PRESIDENT	8.50	Officer Director	$16,901	$0	$16,901
DAVID JONES	DIRECTOR	4.90	Director	$21,301	$0	$21,301
ALISON MATHEWS	DIRECTOR	7.00	Director	$9,784	$0	$9,784
DENNIS MULDROW	SECRETARY/TREASURER	35.50	Officer Director	$21,537	$0	$21,537
MACK ROSE	VICE PRESIDENT	38.20	Officer Director	$19,901	$0	$19,901
GARY SATTERWHITE	DIRECTOR	2.50	Director	$14,301	$0	$14,301
PAUL SIMMONS	DIRECTOR	8.20	Director	$11,401	$0	$11,401
DOUGLAS SMITH	DIRECTOR	26.10	Director	$13,108	$0	$13,108
GODWIN TURK	DIRECTOR	35.50	Director	$13,108	$0	$13,108
MARK TAMPLIN	GENERAL MANAGER	50.00	Officer	$252,201	$123,078	$375,279
SHELLEY POWELL	DIRECTOR OF FINANCE	40.00	Officer	$132,958	$38,121	$171,079
KEVIN ALEX STARK	ENERGY AUDITOR	54.00	Highest	$146,082	$37,623	$183,705
AARON CRAWFORD	ASST. MANAGER OF OPERATION	40.00	Highest	$139,758	$52,614	$192,372
DENNIS JOEY DAVIS	ASST. MANAGER ADMIN	40.00	Highest	$135,965	$64,720	$200,685
JOHN HANCOCK	DIRECTOR OF CONSTRUCTION	40.00	Highest	$126,437	$98,819	$225,256
BRANDON WELLMAN	SERVICEMAN	50.00	Highest	$122,869	$33,659	$156,528

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	$62,664,858	$62,664,858	$160,922,012	No data
2022	$65,226,638	$65,226,638	$155,982,953	No data
2021	$58,636,299	$58,636,299	$158,963,470	No data
2020	$49,067,273	$49,067,273	$150,917,335	No data
2019	$52,520,125	$52,520,125	$137,259,109	No data
2018	$54,769,631	$54,769,631	$137,359,180	No data

JASPER NEWTON ELECTRIC COOPERATIVE INC