COLEMAN COUNTY ELECTRIC COOPERATIVE INC (EIN 750199752) - 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

1937

Legal Domicile

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

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS 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 $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

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

$306,058

Total Directors

$101,688

Key Employees

Highest Compensated

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

COLEMAN COUNTY ELECTRIC COOPERATIVE INC