Cherokee County Electric Cooperative Association (EIN 750184514) - 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

Phone

9036832248

Tax Period

2023-01-01 to 2023-12-31

Cherokee County Electric Cooperative Association, founded in 1939, is a mid-sized nonprofit that reported $66.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

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 $65,982,071

Investment Income $124,007

Other Revenue $365,362

TOTAL REVENUE $66,471,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $553,772

Fundraising Expenses $0

Program Expenses $66,471,440

Other Expenses $61,493,668

TOTAL EXPENSES $66,471,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$66,471,440	$57,631,156	+0.2%
Expenses	$66,471,440	$57,935,731	+0.1%
Net Income	$0	$-304,575	-1.0%

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

$634,495

Total Directors

$139,139

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG JONES	GENERAL MANAGER	42.50	Officer	$208,632	$142,637	$351,269
BART BAUER	ASSISTANT MANAGER	45.00		$164,298	$116,364	$280,662
CHRISTOPHER STROUD	CREW FOREMAN	59.00		$138,140	$65,118	$203,258
KENNETH HICKS	ACCT. MANAGER	42.50	Officer	$127,689	$74,813	$202,502
ANDREW OWENS	DIRECT OF BROADBAN	45.50		$139,158	$46,198	$185,356
JOSEPH YOUNG	DIRECT OF ENGINEER	49.50		$139,672	$45,650	$185,322
KODY STANLEY	SERVICEMAN	60.25		$137,945	$37,650	$175,595
KYLE GRIFFITH	President	1.38	Officer Director	$30,210	$0	$30,210
WES BARRON	Director	5.00	Director	$29,723	$0	$29,723
JIM TARRANT JR	Vice President	2.25	Officer Director	$29,034	$0	$29,034
KEITH YOUGBLOOD	SECRETARY/TREAS	3.13	Officer Director	$21,480	$0	$21,480
JOHN ALEXANDER	Director	2.50	Director	$16,232	$0	$16,232
BRUCE BRADLEY	Director	1.13	Director	$7,028	$0	$7,028
ROB TRIMBLE III	Director	1.50	Director	$5,432	$0	$5,432

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	$66,471,440	$66,471,440	$180,003,839	No data
2022	$57,631,156	$57,935,731	$148,870,489	$-304,575
2021	$49,487,633	$50,547,267	$120,992,858	$-1,059,634
2020	$43,744,136	$43,699,620	$96,488,054	$44,516
2019	$44,263,924	$42,933,920	$90,501,227	$1,330,004
2018	$47,069,439	$44,137,611	$89,183,804	$2,931,828

Cherokee County Electric Cooperative Association