FANNIN COUNTY ELECTRIC COOPERATIVE INC (EIN 750261611) - 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

Principal Officer

JOHN ED SHINPAUGH

Phone

9035832117

Tax Period

2024-01-01 to 2024-12-31

FANNIN COUNTY ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $36.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $33.9M left a modest 6% surplus.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $33,862,980

Investment Income $2,059,125

Other Revenue $37,010

TOTAL REVENUE $35,959,115

Expense Breakdown

Grants Paid $2,622

Salaries & Benefits $5,069,078

Fundraising Expenses $0

Other Expenses $28,522,210

TOTAL EXPENSES $33,886,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,959,115	$32,641,620	+0.1%
Expenses	$33,886,170	$31,860,412	+0.1%
Net Income	$2,072,945	$781,208	+1.7%

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

$849,585

Total Directors

$45,000

Key Employees

$752,921

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY BRENT	VICE-PRESIDENT	0.50	Officer Director	$6,600	$0	$6,600
STEPHEN COLLIDA	PRESIDENT	0.90	Officer Director	$6,500	$0	$6,500
SCOTT GIBBS	DIRECTOR	0.70	Director	$6,600	$0	$6,600
TODD MORISON APRIL-DEC	DIRECTOR	0.40	Director	$4,700	$0	$4,700
JOHN SKOTNIK	DIRECTOR	1.70	Director	$6,500	$0	$6,500
ALFRED SCOTT	DIRECTOR	0.70	Director	$6,600	$0	$6,600
J SETH MAHLER	SECRETARY	0.50	Officer Director	$6,400	$0	$6,400
ROBERT MILTON JAN-FEB	DIRECTOR	0.10	Director	$1,100	$0	$1,100
JOHN ED SHINPAUGH	CHIEF EXECUTIVE OFFICER	55.00	Officer	$283,272	$115,928	$399,200
KAREN RINTELMANN	CHIEF FINANCIAL OFFICER	45.00	Officer	$224,733	$84,511	$309,244
WESLEY HICKS	CHIEF TECHNOLOGY OFFICER	45.00	Officer	$88,304	$33,337	$121,641
DARRELL WILLIAMS	BUSINESS DEVELOPMENT MANAGER	40.00	Key Emp	$191,510	$53,178	$244,688
TIM KIDWELL	ASSISTANT MANAGER	40.00	Key Emp	$176,476	$77,035	$253,511
BARRY MURCHISON	ENGINEER MANAGER	40.00	Key Emp	$156,565	$98,157	$254,722
RODNEY GAMMONS	LINE SUPERINTENDENT	41.00	Highest	$141,205	$104,630	$245,835
KAYLEN FOGELBERG	1ST CLASS LINEMAN	51.00	Highest	$134,913	$44,007	$178,920
CORY PATTON	LINE FOREMAN	43.00	Highest	$127,690	$57,619	$185,309
JOEL JONES	1ST CLASS LINEMAN	47.00	Highest	$122,153	$45,599	$167,752
KRISTOPHER GAMMONS	LINE FOREMAN	42.00	Highest	$118,999	$49,649	$168,648

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	$35,959,115	$33,886,170	$96,249,569	$2,072,945
2023	$32,641,620	$31,860,412	$87,054,901	$781,208
2022	$32,788,438	$32,365,603	$82,496,559	$422,835
2021	$22,674,030	$22,557,106	$61,910,277	$116,924
2020	$21,749,115	$21,493,499	$66,191,953	$255,616
2019	$23,481,424	$22,747,244	$75,848,219	$734,180
2018	$22,207,098	$21,721,692	$86,763,876	$485,406

FANNIN COUNTY ELECTRIC COOPERATIVE INC