WISE ELECTRIC COOPERATIVE INC (EIN 750665517) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

RAYCE CANTWELL

Phone

9406263029

Tax Period

2023-01-01 to 2023-12-31

WISE ELECTRIC COOPERATIVE INC, founded in 1938, is a major nonprofit that reported $104.4M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $103,549,811

Investment Income $118,149

Other Revenue $756,455

TOTAL REVENUE $104,424,415

Expense Breakdown

Grants Paid $27,975

Salaries & Benefits $5,907,956

Fundraising Expenses $0

Other Expenses $92,289,755

TOTAL EXPENSES $103,675,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,424,415	$90,702,449	+0.2%
Expenses	$103,675,003	$90,593,912	+0.1%
Net Income	$749,412	$108,537	+5.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$738,236

Total Directors

$288,477

Key Employees

$450,902

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYSON GENTRY	DIRECTOR	5.00	Director	$42,770	$0	$42,770
ALLEN HEUGATTER	SECRETARY/TREASURER	3.60	Officer Director	$35,780	$0	$35,780
GLENN HUGHES	DIRECTOR	4.50	Director	$49,698	$0	$49,698
RUSSELL MORGAN	DIRECTOR	3.10	Director	$35,632	$0	$35,632
AUDIE MORRIS	PRESIDENT	8.10	Officer Director	$39,064	$0	$39,064
BRUCE NIVENS	DIRECTOR	3.90	Director	$45,178	$0	$45,178
TOM ROBINSON	VICE PRESIDENT	4.00	Officer Director	$40,355	$0	$40,355
RAYCE CANTWELL	GENERAL MANAGER	50.00	Officer	$253,076	$109,672	$362,748
KELLY MYERS	ASSISTANT GENERAL MANAGER	45.00	Officer	$216,478	$43,811	$260,289
BILL HOOD	MEMBER SERVICE MANAGER	40.00	Key Emp	$169,505	$45,452	$214,957
RUSSELL KING	LINE SUPERINTENDENT	40.00	Key Emp	$170,213	$65,732	$235,945
ANNA WALLACE	MANAGER OF IT	40.00	Highest	$167,101	$50,422	$217,523
CHRIS WALSH	OPERATIONS ENG/WHS MANAGER	40.00	Highest	$162,949	$103,373	$266,322
BRYAN SHRIVER	HUMAN RESOURCES/PROPERTY M	40.00	Highest	$133,853	$57,352	$191,205
CHRISTOPHER MARTINEZ	LOSS CONTROL MANAGER	40.00	Highest	$115,685	$54,929	$170,614
CHUCK PEACE	LINE FOREMAN	40.00	Highest	$116,661	$53,587	$170,248

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	$104,424,415	$103,675,003	$189,572,009	$749,412
2022	$90,702,449	$90,593,912	$177,121,572	$108,537
2021	$65,642,118	$65,647,571	$163,246,388	$-5,453
2020	$63,362,803	$63,235,488	$160,084,668	$127,315
2019	$66,973,312	$66,769,155	$153,850,799	$204,157
2018	$66,988,166	$66,845,562	$148,665,593	$142,604

WISE ELECTRIC COOPERATIVE INC