WHARTON COUNTY ELECTRIC COOPERATIVE INC (EIN 740981915) - 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

1938

Legal Domicile

Principal Officer

GARY RAYBON

Phone

9795436271

Tax Period

2023-01-01 to 2023-12-31

WHARTON COUNTY ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $28.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC POWER 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 $28,300,389

Investment Income $37,227

Other Revenue $72,726

TOTAL REVENUE $28,410,342

Expense Breakdown

Grants Paid $12,272

Salaries & Benefits $2,883,917

Fundraising Expenses $0

Other Expenses $22,441,244

TOTAL EXPENSES $28,410,342

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,410,342	$28,692,151	0.0%
Expenses	$28,410,342	$28,692,151	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

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

$587,493

Total Directors

$74,775

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ROACH	PRESIDENT	20.00	Officer Director	$10,200	$0	$10,200
JIM W HARTON	VICE PRESIDENT	20.00	Officer Director	$8,575	$0	$8,575
GUS WESSELS JR	SECRETARY/TREASURER	5.00	Officer Director	$5,700	$0	$5,700
PATRICK KUBALA	ASST. SECRETARY/TREASURER	5.00	Officer Director	$8,600	$0	$8,600
TRACY FLOYD	DIRECTOR	5.00	Director	$9,200	$0	$9,200
JUDY PETER	DIRECTOR	5.50	Director	$7,400	$0	$7,400
MATT LUTRINGER	DIRECTOR	6.00	Director	$9,300	$0	$9,300
SAMUEL CRAIG HARDIN	DIRECTOR	20.00	Director	$7,300	$0	$7,300
GEORGE DORNAK	DIRECTOR (JUNE-DEC)	6.00	Director	$5,800	$0	$5,800
NANCY PFEIL	DIRECTOR (JAN-JUNE)	4.00	Director	$2,700	$0	$2,700
GARY RAYBON	GM/CEO	60.00	Officer	$210,322	$166,607	$376,929
PATRICIA METTING	MANAGER OF ACCOUNTING	40.00	Officer	$109,050	$68,439	$177,489
RICHARD ARNETT	ENGINEERING SUPERINTENDENT	50.00	Highest	$109,724	$81,819	$191,543
MARY ARRENDONDO	MANAGER CSR	50.00	Highest	$113,159	$18,179	$131,338
KEITH BEAL	IT/METER MANAGER	50.00	Highest	$146,748	$68,580	$215,328
TIMOTHY BOHUSLAR	FOREMAN	45.00	Highest	$103,281	$42,007	$145,288
CHRIS CAVNESS	LINE SUPERINTENDENT	50.00	Highest	$121,003	$51,089	$172,092

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	$28,410,342	$28,410,342	$82,477,702	No data
2022	$28,692,151	$28,692,151	$86,677,432	No data
2021	$23,582,053	$23,582,053	$84,172,616	No data
2020	$23,294,933	$23,294,933	$81,619,701	No data
2019	$23,428,968	$23,428,968	$79,077,031	No data
2018	$23,986,346	$23,986,346	$75,391,504	No data

WHARTON COUNTY ELECTRIC COOPERATIVE INC