NAVARRO COUNTY ELECTRIC COOPERATIV… - Form 990 Financial Data

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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

1937

Legal Domicile

Principal Officer

COURTNEY SADBERRY

Phone

9038747411

Tax Period

2023-01-01 to 2023-12-31

NAVARRO COUNTY ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $70.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRICITY TO OUR MEMBERS IN THE RURAL COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

SALE OF ELECTRIC POWER TO OUR MEMBERS AT COST ON COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 19,694 ACTIVE SERVICES AT YEAR END.

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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 $68,722,937

Investment Income $681,743

Other Revenue $760,847

TOTAL REVENUE $70,165,527

Expense Breakdown

Grants Paid $565

Salaries & Benefits $4,138,198

Fundraising Expenses $0

Other Expenses $62,039,345

TOTAL EXPENSES $70,165,527

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,165,527	$69,885,428	+0.0%
Expenses	$70,165,527	$69,885,428	+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

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

$1,097,271

Total Directors

$239,535

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENNY MELTON	DIRECTOR	2.00	Director	$37,302	$0	$37,302
BILLY SOUTHARD	DIRECTOR	2.00	Director	$37,009	$0	$37,009
GARY MURPHY	DIRECTOR	2.00	Director	$32,787	$0	$32,787
GEORGE SMITH	SECRETARY	2.00	Officer Director	$37,652	$0	$37,652
JULIE MRAZ	DIRECTOR	2.00	Director	$21,366	$0	$21,366
ROBERT SHEFFIELD	VICE PRESIDENT	2.00	Officer Director	$37,302	$0	$37,302
RON BUCKLEY	PRESIDENT	4.00	Officer Director	$36,117	$0	$36,117
BILLY JONES	GENERAL MANAGER/CEO	40.00	Officer	$217,486	$84,332	$301,818
COURTNEY SADBERRY	CFO/OFFICE MANAGER	40.00	Officer	$168,711	$56,841	$225,552
LINDY SHAW	MANAGER OF ADMINISTRATION	50.00	Officer	$178,343	$56,466	$234,809
MIKE LAWRENCE	MANAGER OF CONS & OPS	45.00	Officer	$143,945	$80,076	$224,021
MARK RASH	CUSTOMER SERVICE MANAGER	40.00	Highest	$145,334	$36,873	$182,207
SAMUEL MILLER	SAFETY COORDINATOR	40.00	Highest	$131,697	$44,267	$175,964
CLARENCE BARBER	LINEMAN	48.50	Highest	$127,733	$29,703	$157,436
JERAD TAYLOR	FOREMAN	45.00	Highest	$124,539	$28,763	$153,302
ALBERT FISHER	LINEMAN	47.60	Highest	$123,854	$40,104	$163,958

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	$70,165,527	$70,165,527	$117,808,267	No data
2022	$69,885,428	$69,885,428	$111,808,693	No data
2021	$49,278,830	$47,476,128	$102,970,554	$1,802,702
2020	$44,021,639	$42,861,442	$101,409,076	$1,160,197
2018	$49,527,384	$43,603,593	$97,215,857	$5,923,791

NAVARRO COUNTY ELECTRIC COOPERATIVE INC