CONCHO VALLEY ELECTRIC COOPERATIVE INC

EIN: 750204684

SAN ANGELO, TX

Total Revenue
$51,588,376
Total Expenses
$51,588,376
Total Assets
$162,168,376
Net Assets
$65,710,291
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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
1940
Legal Domicile
TX
Principal Officer
KELLY LANKFORD
Phone
3256556957
Tax Period
2024-01-01 to 2024-12-31

CONCHO VALLEY ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $51.6M in total revenue in fiscal year 2024.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $51,365,698
Investment Income $94,183
Other Revenue $128,495
TOTAL REVENUE $51,588,376

Expense Breakdown

Grants Paid $28,308
Salaries & Benefits $6,406,347
Fundraising Expenses $0
Other Expenses $39,526,623
TOTAL EXPENSES $51,588,376

Year-over-Year Comparison

2024 2023 Change
Revenue $51,588,376 $51,035,614 +0.0%
Expenses $51,588,376 $51,035,614 +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

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Governance

Voting Members
7
Independent Members
7
Employees
85
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
$509,124
Total Directors
7
$20,250
Key Employees
1
$220,537
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DARYL SCHNIERS DIRECTOR 4.50
Director
$3,300 $0 $3,300
DAVID KEMPEN DIRECTOR 6.10
Director
$4,450 $0 $4,450
JEFF COPELAND PRESIDENT 27.00
Officer Director
$3,500 $0 $3,500
RALPH WILLBERG DIRECTOR 4.20
Director
$2,400 $0 $2,400
THOMAS CARTER SECRETARY/TREASURER 12.60
Officer Director
$2,000 $0 $2,000
LARRY W KLATTENHOFF VICE-PRESIDENT 5.60
Officer Director
$2,200 $0 $2,200
WILLIAM WIGGINS DIRECTOR 3.80
Director
$2,400 $0 $2,400
KELLY LANKFORD EXECUTIVE VP/CEO 50.70
Officer
$373,841 $127,583 $501,424
DUSTIN BROWN DIR OF ENGINEERING & OPERATIONS 42.50
Key Emp
$166,287 $54,250 $220,537
TERRY WARD ENGINEERING FOREMAN 47.30
Highest
$148,578 $52,677 $201,255
JONATHAN CUTRER DIR OF INFORMATION TECHNOLOGY 40.10
Highest
$147,568 $65,593 $213,161
DAVID WATSON DIR OF FINANCE & OFFICE SERVICES 41.40
Highest
$146,885 $92,921 $239,806
BUSTER MATHENY LINE SUPERINTENDENT 42.60
Highest
$131,293 $47,415 $178,708
DOUGLAS CLARK ENGINEERING SYSTEMS ADMINISTRATOR 43.60
Highest
$122,596 $47,435 $170,031
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 $51,588,376 $51,588,376 $162,168,376 No data
2023 $51,035,614 $51,035,614 $163,180,402 No data
2022 $52,841,209 $52,841,209 $144,391,966 No data
2021 $44,400,615 $44,400,615 $125,005,347 No data
2020 $43,515,950 $43,515,950 $116,671,669 No data
2019 $41,382,424 $41,382,424 $107,871,022 No data
2018 $39,758,524 $39,758,524 $103,487,457 No data
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