COLEMAN COUNTY ELECTRIC COOPERATIVE INC

EIN: 750199752

COLEMAN, TX

Total Revenue
$17,442,841
Total Expenses
$17,442,841
Total Assets
$38,634,414
Net Assets
$27,173,568
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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
1937
Legal Domicile
TX
Principal Officer
SYNDA SMITH
Phone
3256252128
Tax Period
2023-01-01 to 2023-12-31

COLEMAN COUNTY ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $17.4M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

COLEMAN COUNTY ELECTRIC COOPERATIVE, INC. DEDICATES ITSELF TO THE IMPROVEMENT OF ITS MEMBERS' LIFESTYLE AND THE ECONOMIC ENVIRONMENT OF ITS SERVICE AREA. THE COOPERATIVE IS COMMITTED TO PROVIDING SAFE, RELIABLE ELECTRIC SERVICE AT THE LOWEST PRACTICAL COST AND TO MEETING THE CHANGING NEEDS OF ITS MEMBERSHIP WITH A WELL-TRAINED, QUALITY WORK FORCE AND WITH THE USE OF SOUND BUSINESS PRACTICES.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 9,034 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $17,328,175
Investment Income $25,805
Other Revenue $88,861
TOTAL REVENUE $17,442,841

Expense Breakdown

Grants Paid $6,403
Salaries & Benefits $2,422,784
Fundraising Expenses $0
Other Expenses $11,924,944
TOTAL EXPENSES $17,442,841

Year-over-Year Comparison

2023 2022 Change
Revenue $17,442,841 $19,164,414 -0.1%
Expenses $17,442,841 $19,164,414 -0.1%
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

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Governance

Voting Members
7
Independent Members
7
Employees
42
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
4
$306,058
Total Directors
7
$101,688
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROGER KRUSE VICE PRESIDENT 3.50
Officer Director
$20,703 $0 $20,703
BOB FUCHS DIRECTOR 3.00
Director
$13,135 $0 $13,135
BRENT MCMILLAN PRESIDENT 3.00
Officer Director
$19,842 $0 $19,842
RICHARD LANGE DIRECTOR 2.50
Director
$13,288 $0 $13,288
DARLA WISE SECRETARY/TREASURER 2.10
Officer Director
$17,551 $0 $17,551
DAVID WRIGHT DIRECTOR 2.00
Director
$9,633 $0 $9,633
LES DOBBINS DIRECTOR 2.50
Director
$7,536 $0 $7,536
SYNDA SMITH GENERAL MANAGER/CEO 45.00
Officer
$138,353 $109,609 $247,962
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 $17,442,841 $17,442,841 $38,634,414 No data
2022 $19,164,414 $19,164,414 $35,332,893 No data
2021 $14,379,363 $14,379,363 $33,830,324 No data
2020 $15,948,908 $15,948,908 $34,014,347 No data
2019 $15,511,801 $15,511,801 $33,321,333 No data
2018 $13,558,031 $13,558,031 $31,262,482 No data
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