WOOD COUNTY ELECTRIC COOPERATIVE

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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

Trey Teaff

Phone

9037632203

Tax Period

2024-01-01 to 2024-12-31

WOOD COUNTY ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $90.4M in total revenue in fiscal year 2024.

Mission

As stated in the by-laws of the cooperative our aim is "to make electric energy and/or other services as allowed by applicable state and federal law available to its members at the lowest costs consistent with sound cooperative business principles."

Program Service Accomplishments

Program 1

Sale of electricity to an average of 41,529 meters at cost on a cooperative non-profit basis for the mutual benefit of its members through the allocation of patronage capital.

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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 $88,377,189

Investment Income $175,690

Other Revenue $1,886,196

TOTAL REVENUE $90,439,075

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,980,982

Fundraising Expenses $0

Program Expenses $0

Other Expenses $82,996,368

TOTAL EXPENSES $90,439,075

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,439,075	$94,472,029	0.0%
Expenses	$90,439,075	$94,472,029	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

100

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

$630,870

Total Directors

$145,995

Key Employees

$733,330

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Trey Teaff	General Manager/CEO	44.17	Officer Key Emp Highest	$241,362	$203,833	$445,195
CH Campbell	Chief Operating Officer	40	Key Emp Highest	$167,639	$120,496	$288,135
Steve Gillean	Serviceman	49	Highest	$123,103	$91,540	$214,643
Diana Hall	Director of Human Resources	46.38	Highest	$115,504	$78,870	$194,374
Summer Coleman	Director of Accounting	41.02	Officer Highest	$108,683	$76,992	$185,675
Daniel Williams	Construction Foreman	48.60	Highest	$112,255	$63,773	$176,028
Nelson Reneau	Serviceman	50.08	Highest	$117,597	$53,609	$171,206
Benny McFarland	Serviceman	50.02	Highest	$110,948	$48,784	$159,732
Brent Glenn	Secretary/Treasurer	1.1	Director	$34,853	$0	$34,853
Cathy Roberts	Director	3.2	Director	$34,380	$0	$34,380
Kim Galyean	Director	3	Director	$18,289	$0	$18,289
Freddie Ray Jones	Director	1.3	Director	$16,612	$0	$16,612
Kenneth Langley	President	4.3	Director	$14,818	$0	$14,818
Mark Sustaire	Vice President	3.2	Director	$14,708	$0	$14,708
Shane Mitchell	Director	2.3	Director	$12,335	$0	$12,335

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	$90,439,075	$90,439,075	$236,926,590	No data
2023	$94,472,029	$94,472,029	$228,644,672	No data
2022	$104,258,547	$104,258,547	$225,832,514	No data
2021	$87,928,096	$87,928,096	$215,165,812	No data
2020	$72,265,414	$72,265,414	$200,476,159	No data
2019	$76,292,525	$76,292,525	$197,862,249	No data
2018	$79,288,545	$79,288,545	$195,376,672	No data