LAMB COUNTY ELECTRIC COOPERATIVE INC (EIN 750384297) - 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

RICHARD MOORE

Phone

8063855191

Tax Period

2024-01-01 to 2024-12-31

LAMB COUNTY ELECTRIC COOPERATIVE INC, founded in 1938, is a mid-sized nonprofit that reported $31.1M in total revenue in fiscal year 2024. Revenue decreased 19% 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 $30,837,479

Investment Income $226,410

Other Revenue $7,093

TOTAL REVENUE $31,070,982

Expense Breakdown

Grants Paid $21,133

Salaries & Benefits $4,381,615

Fundraising Expenses $0

Other Expenses $23,593,690

TOTAL EXPENSES $31,081,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,070,982	$38,220,535	-0.2%
Expenses	$31,081,996	$38,466,048	-0.2%
Net Income	$-11,014	$-245,513	-1.0%

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

$446,247

Total Directors

$210,132

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG CRISWELL	VICE-PRESIDENT	19.70	Officer Director	$32,311	$0	$32,311
COLE GARNER	DIRECTOR	5.60	Director	$30,921	$0	$30,921
PAUL PINKERT	DIRECTOR	7.00	Director	$30,565	$0	$30,565
MARVIN MATTHEWS	PRESIDENT	7.40	Officer Director	$30,424	$0	$30,424
MICHAEL RAMAGE	DIRECTOR	6.20	Director	$28,729	$0	$28,729
KEVIN HUMPHREYS	SECRETARY/TREASURER	4.50	Officer Director	$28,701	$0	$28,701
DANNY WEST	DIRECTOR	6.00	Director	$28,481	$0	$28,481
RICHARD MOORE	GENERAL MANAGER/CEO	67.00	Officer	$154,644	$32,758	$187,402
TRACY BOWMAN	OFFICE MANAGER	40.00	Officer	$143,609	$23,800	$167,409
JAMES INGLE	ENGINEERING MANAGER	40.00	Highest	$136,571	$23,128	$159,699
MICHAEL MCDANIEL	OPERATIONS MANAGER	40.00	Highest	$145,358	$24,133	$169,491
KATHRYN SHIPP	ADMINISTRATIVE MANAGER	40.00	Highest	$134,711	$30,673	$165,384
OSCAR ZAPATA	MAINENANCE SUPERINTENDENT	40.00	Highest	$131,581	$22,767	$154,348
FLOYD TREVINO	ENGINEERING TECH SUPERINTENDENT	40.00	Highest	$126,487	$29,111	$155,598

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	$31,070,982	$31,081,996	$90,585,014	$-11,014
2023	$38,220,535	$38,466,048	$91,000,300	$-245,513
2022	$41,506,938	$41,519,640	$86,688,457	$-12,702
2021	$36,372,010	$36,314,962	$85,233,436	$57,048
2020	$33,511,932	$33,520,738	$86,936,070	$-8,806
2019	$32,696,084	$32,690,086	$89,409,464	$5,998
2018	$35,139,362	$35,129,855	$88,357,206	$9,507

LAMB COUNTY ELECTRIC COOPERATIVE INC