TAYLOR ELECTRIC COOPERATIVE INC (EIN 750597925) - 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

RYAN BARTLETT

Phone

3257938500

Tax Period

2024-01-01 to 2024-12-31

TAYLOR ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $70.7M in total revenue in fiscal year 2024.

Mission

TO PROVIDE ELECTRIC POWER 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 $69,722,380

Investment Income $282,432

Other Revenue $697,583

TOTAL REVENUE $70,702,395

Expense Breakdown

Grants Paid $30,397

Salaries & Benefits $9,013,571

Fundraising Expenses $0

Other Expenses $54,472,837

TOTAL EXPENSES $72,819,484

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,702,395	$72,942,498	0.0%
Expenses	$72,819,484	$74,616,357	0.0%
Net Income	$-2,117,089	$-1,673,859	+0.3%

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

$835,102

Total Directors

$156,750

Key Employees

$523,851

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECIL DAVIS	CHAIRMAN	2.00	Officer Director	$21,500	$0	$21,500
DAVID MCFALL	SECRETARY/TREASURER	5.00	Officer Director	$21,500	$0	$21,500
GARLAND CARTER	DIRECTOR	4.00	Director	$21,500	$0	$21,500
GAYLA SIMMONS	DIRECTOR	4.00	Director	$21,500	$0	$21,500
KATHRYN RAINEY	VICE CHAIRMAN	5.00	Officer Director	$21,500	$0	$21,500
RICHARD PETREE	DIRECTOR	5.00	Director	$29,500	$0	$29,500
CRAIG BESSENT	DIRECTOR (FEB-DEC)	2.00	Director	$18,000	$0	$18,000
LELAND ROBINSON	DIRECTOR (JAN)	0.00	Director	$1,750	$0	$1,750
RYAN BARTLETT	PRESIDENT/CHIEF EXECUTIVE OFFICER	53.00	Officer	$344,884	$108,189	$453,073
NANCY BRISCO	CHIEF FINANCIAL OFFICER	50.00	Officer	$227,857	$89,672	$317,529
WADE HATCH	VP OF ENGINEERING	45.00	Key Emp	$172,134	$79,467	$251,601
DAVID THOMAS	DIRECTOR OF ELECTRIC OPERATIONS	44.00	Key Emp	$158,019	$114,231	$272,250
JOSHUA FOSS	WORKING FOREMAN	48.70	Highest	$127,696	$96,000	$223,696
JOHN HASPEL	CONST & ENERGY SERVICES MGR	40.40	Highest	$126,703	$63,125	$189,828
JASON CANTU	WORKING FOREMAN	50.40	Highest	$126,581	$57,276	$183,857
LINDA HUNT	SR FINANCE PLANNING & ANALYSIS MGR	41.30	Highest	$125,655	$32,275	$157,930
DENISE BERNHARDT	MBR SERVICES/COMMUNICATION MGR	40.30	Highest	$124,349	$83,522	$207,871

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	$70,702,395	$72,819,484	$234,317,038	$-2,117,089
2023	$72,942,498	$74,616,357	$224,088,122	$-1,673,859
2022	$72,269,537	$73,639,627	$207,962,708	$-1,370,090
2021	$57,329,541	$58,337,043	$188,078,410	$-1,007,502
2020	$49,576,336	$50,801,382	$181,660,380	$-1,225,046
2019	$50,421,205	$51,997,436	$170,362,742	$-1,576,231
2018	$47,611,078	$48,988,348	$148,877,027	$-1,377,270

TAYLOR ELECTRIC COOPERATIVE INC