GRAHAM COUNTY ELECTRIC COOPERATIVE… - 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

2017

Legal Domicile

Principal Officer

KIM LARKEY

Phone

9284852451

Tax Period

2023-01-01 to 2023-12-31

GRAHAM COUNTY ELECTRIC COOPERATIVE FOUNDATION INC, founded in 2017, is a small nonprofit in the Education sector that reported $205K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $135K, a strong 66% operating margin.

Mission

TO PROVIDE UTILITY ASSISTANCE PAYMENTS, SCHOLARSHIPS AND YOUTH TOUR PARTICIPATION ASSISTANCE FOR COMMUNITIES SERVED BY GRAHAM COUNTY ELECTRIC COOPERATIVE, INC. AND GRAHAM COUNTY UTILITIES, INC.

Program Service Accomplishments

Program 1

Expenses: $21,543

COMMUNITY SPONSORED YOUTH TOUR TO WASHINGTON, D.C. HIGH SCHOOL JUNIORS FROM GRAHAM COUNTY PREPARE ESSAYS, PARTICIPATE IN INTERVIEWS, AND ARE JUDGED BY AN INDEPENDENT PANEL OF JUDGES. SUCCESSFUL...

COMMUNITY SPONSORED YOUTH TOUR TO WASHINGTON, D.C. HIGH SCHOOL JUNIORS FROM GRAHAM COUNTY PREPARE ESSAYS, PARTICIPATE IN INTERVIEWS, AND ARE JUDGED BY AN INDEPENDENT PANEL OF JUDGES. SUCCESSFUL STUDENTS ARE THEN PROVIDED AN ALL PAID TRIP TO WASHINGTON, D.C. TO LEARN ABOUT COOPERATIVE PRINCIPLES AND FEDERAL GOVERNANCE.

Program 2

Expenses: $5,500

$1,000 SCHOLARSHIPS TO SENIOR HIGH SCHOOL STUDENTS WHO LIVE IN THE SERVICE AREA OF GRAHAM COUNTY ELECTRIC COOPERATIVE. SCHOLARSHIPS ARE FOR HIGHER EDUCATION.

Program 3

Expenses: $40,180

GRANTS TO INDIVIDUALS IN THE GRAHAM COUNTY ELECTRIC SERVICE AREA TO HELP WITH UTILITY PAYMENTS. GRANTS TO NOT FOR PROFIT ORGANIZATIONS IN THE SERVICE AREA TO HELP WITH EDUCATION, COMMUNITY NEEDS AND...

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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 $204,747

Program Service Revenue $0

Investment Income $621

Other Revenue $0

TOTAL REVENUE $205,368

Expense Breakdown

Grants Paid $45,680

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $67,223

Other Expenses $24,443

TOTAL EXPENSES $70,123

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,368	$154,837	+0.3%
Expenses	$70,123	$42,809	+0.6%
Net Income	$135,245	$112,028	+0.2%

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

N/A

Volunteers

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

$154,496

Total Directors

$169,897

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM LARKEY	PRESIDENT	1.00	Officer Director	$0	$40,546	$146,715
REUBEN MCBRIDE	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$7,781
DENNIS JACOB	DIRECTOR	1.00	Director	$0	$0	$4,615
CHRIS CLARIDGE	DIRECTOR	1.00	Director	$0	$0	$10,786
WENDY JOHN	DIRECTOR	1.00	Director	$0	$0	$0

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
2023	$205,368	$70,123	$320,323	$135,245

GRAHAM COUNTY ELECTRIC COOPERATIVE FOUNDATION INC