RAYBURN COUNTRY ELECTRIC COOPERATIVE INC (EIN 751668526) - 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

1979

Legal Domicile

Principal Officer

DAVID NAYLOR

Phone

4694022100

Tax Period

2024-01-01 to 2024-12-31

RAYBURN COUNTRY ELECTRIC COOPERATIVE INC, founded in 1979, is a major nonprofit that reported $412.3M in total revenue in fiscal year 2024. Revenue fell 40% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE WHOLESALE POWER SUPPLY AND REGULATORY REPRESENTATION ON BEHALF OF ITS MEMBERS.

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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 $405,695,830

Investment Income $6,553,192

Other Revenue $9,600

TOTAL REVENUE $412,258,622

Expense Breakdown

Grants Paid $55,190

Salaries & Benefits $16,695,867

Fundraising Expenses $0

Other Expenses $375,537,849

TOTAL EXPENSES $412,235,596

Year-over-Year Comparison

	2024	2023	Change
Revenue	$412,258,622	$682,998,996	-0.4%
Expenses	$412,235,596	$682,961,891	-0.4%
Net Income	$23,026	$37,105	-0.4%

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

114

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

$3,955,697

Total Directors

$57,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL SAMUELS	ALTERNATE DIRECTOR	2.00	Director	$5,594	$0	$5,594
HOWARD TILLISON	ALTERNATE DIRECTOR	2.00	Director	$6,286	$0	$6,286
JEFF LANE	SECRETARY/TREASURER	2.00	Officer Director	$9,600	$0	$9,600
JOHN ED SHINPAUGH	VICE CHAIRMAN	2.00	Officer Director	$7,502	$0	$7,502
STEVE COLLIDA	ALTERNATE DIRECTOR	2.00	Director	$5,663	$0	$5,663
DAVID MCGINNIS	CHAIRMAN	2.00	Officer Director	$10,750	$0	$10,750
PAUL KIRKLAND	ALTERNATE DIRECTOR	2.00	Director	$5,518	$0	$5,518
MARK STUBBS	ALTERNATE DIRECTOR	2.00	Director	$6,400	$0	$6,400
DAVID NAYLOR	PRESIDENT/CHIEF EXECUTIVE	40.00	Officer	$1,011,974	$85,719	$1,097,693
DAVID BRAUN	CHIEF FINANCIAL OFFICER(JAN-MAR)	40.00	Officer	$318,403	$66,224	$384,627
CHRISTOPHER ANDERSON	GENERAL COUNSEL	40.00	Officer	$533,176	$85,719	$618,895
STEPHEN GEIGER	CHIEF OPERATING OFFICER	40.00	Officer	$591,590	$85,719	$677,309
CHASE SNUFFER	CHIEF INFORMATION OFFICER	40.00	Officer	$552,489	$85,719	$638,208
STEPHANIE WEEKS	CHIEF FINANCIAL OFFICER (MAR-DEC)	40.00	Officer	$427,503	$83,610	$511,113
CHRISTIAN NAGLE	DIRECTOR OF POWER SUPPLY	40.00	Highest	$361,845	$84,137	$445,982
DONALD CANTRELL	DIRECTOR OF POWER PLANT OPERATIONS	40.00	Highest	$335,620	$82,430	$418,050
JENNIFER PULLIAM	ASST. GENERAL COUNSEL	40.00	Highest	$300,469	$77,597	$378,066
FRANK OWENS	DIRECTOR OF COMPLIANCE	40.00	Highest	$238,358	$68,084	$306,442
SCOTT DONHAM	ENGINEERING MANAGER	40.00	Highest	$231,671	$66,897	$298,568

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	$412,258,622	$412,235,596	$1,169,520,032	$23,026
2023	$682,998,996	$682,961,891	$1,099,492,327	$37,105
2022	$563,041,177	$563,024,485	$607,018,715	$16,692
2021	$1,364,282,442	$1,364,265,750	$1,455,657,159	$16,692
2020	$326,343,591	$326,244,626	$478,936,506	$98,965
2019	$369,113,869	$369,085,087	$450,181,484	$28,782
2018	$369,765,877	$369,758,128	$358,704,209	$7,749

RAYBURN COUNTRY ELECTRIC COOPERATIVE INC