J-A-C ELECTRIC COOPERATIVE INC (EIN 750357146) - 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

1938

Legal Domicile

Principal Officer

TROY S WILEY

Phone

9408953311

Tax Period

2023-01-01 to 2023-12-31

J-A-C ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $17.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRICITY TO RURAL AND SURROUNDING COMMUNITIES ON A COOPERATIVE BASIS AND AT THE MOST REASONABLE PRICE POSSIBLE.

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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 $17,362,202

Investment Income $66,255

Other Revenue $137,442

TOTAL REVENUE $17,565,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $408,837

Fundraising Expenses $0

Other Expenses $16,199,472

TOTAL EXPENSES $17,565,899

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,565,899	$15,418,267	+0.1%
Expenses	$17,565,899	$15,418,267	+0.1%
Net Income	$0	N/A	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

$320,846

Total Directors

$166,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TROY S WILEY	GENERAL MANA	50.00	Officer	$156,020	$86,302	$242,322
BILL PURSLEY	DIRECTOR/SEC	4.00	Officer Director	$29,540	$0	$29,540
ELAINE MARTIN	PRESIDENT	4.00	Officer Director	$28,389	$0	$28,389
MARVIN JOE GEIS	DIRECTOR	4.00	Director	$27,276	$0	$27,276
KENDALL BROWNING	DIRECTOR	4.00	Director	$21,561	$0	$21,561
KENNETH TEICHMAN	DIRECTOR	4.00	Director	$20,632	$0	$20,632
EDDIE LUIG JR	VICE PRESIDE	4.00	Officer Director	$20,595	$0	$20,595
MARK MATHEWS	DIRECTOR	4.00	Director	$18,522	$0	$18,522

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	$17,565,899	$17,565,899	$43,030,475	No data
2022	$15,418,267	$15,418,267	$43,026,830	No data
2021	$11,304,543	$11,304,543	$27,594,358	No data
2020	$10,224,455	$10,224,455	$26,916,758	No data
2019	$10,321,701	$10,321,701	$26,106,180	No data
2018	$9,908,181	$9,908,181	$24,970,180	No data

J-A-C ELECTRIC COOPERATIVE INC