LIGHTHOUSE ELECTRIC COOPERATIVE INC (EIN 750273171) - 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

ALBERT DANIEL

Phone

8069832814

Tax Period

2024-01-01 to 2024-12-31

LIGHTHOUSE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $39.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $39,274,933

Investment Income $123,448

Other Revenue $20,955

TOTAL REVENUE $39,419,336

Expense Breakdown

Grants Paid $34,927

Salaries & Benefits $4,680,632

Fundraising Expenses $0

Other Expenses $32,456,854

TOTAL EXPENSES $39,419,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,419,336	$42,509,701	-0.1%
Expenses	$39,419,336	$42,509,701	-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

$317,300

Total Directors

$196,233

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY CAMPBELL	DIRECTOR	1.20	Director	$21,770	$0	$21,770
RON GRAVES	VICE PRESIDENT	1.50	Officer Director	$21,770	$0	$21,770
MARK HEGI	PRESIDENT	3.90	Officer Director	$21,840	$0	$21,840
RONALD MULLIN	DIRECTOR	1.70	Director	$21,770	$0	$21,770
MATTHEW RAINWATER	DIRECTOR	2.10	Director	$21,770	$0	$21,770
BRIAN TEEPLE	DIRECTOR	1.40	Director	$21,840	$0	$21,840
WD THORNBERRY	SECRETARY/TREASURER	3.60	Officer Director	$21,840	$0	$21,840
CLIFF TIPPETT	DIRECTOR (MAY-DEC)	2.30	Director	$14,490	$0	$14,490
CHASE YOUNG	DIRECTOR (MAY-DEC)	1.00	Director	$14,490	$0	$14,490
PAUL SCHACT	DIRECTOR (JAN-APRIL)	1.60	Director	$7,450	$0	$7,450
DEAN YARBROUGH	DIRECTOR (JAN-APRIL)	3.20	Director	$7,203	$0	$7,203
ALBERT DANIEL	GENERAL MANAGER/EXECUTIVE VP	60.00	Officer	$185,307	$66,543	$251,850
HECTOR RODRIGUEZ	CONSTRUCTION FOREMAN	50.00	Highest	$134,998	$25,175	$160,173
DANNY NIXON	LINE SUPERINTENDENT	60.00	Highest	$130,836	$88,530	$219,366
CHAD BUIE	DIRECTOR OF ENGINEERING	50.00	Highest	$126,945	$47,173	$174,118
LARRY SMITH	WORKING FOREMAN	50.00	Highest	$124,423	$69,720	$194,143
TRACY SMITH	WAREHOUSE FOREMAN	40.00	Highest	$118,671	$50,076	$168,747

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	$39,419,336	$39,419,336	$113,602,023	No data
2024	$39,419,336	$39,419,336	$113,602,023	No data
2023	$42,509,701	$42,509,701	$112,090,914	No data
2022	$36,666,400	$36,666,400	$102,333,599	No data
2021	$33,325,892	$33,325,892	$103,182,742	No data
2020	$32,581,998	$32,581,998	$98,628,835	No data
2019	$29,504,462	$29,504,462	$87,146,286	No data
2018	$31,417,155	$31,417,155	$87,453,822	No data

LIGHTHOUSE ELECTRIC COOPERATIVE INC