GARLAND LIGHT & POWER COMPANY

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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

1937

Legal Domicile

Principal Officer

MOLLY K LYNN

Phone

3077542881

Tax Period

2025-01-01 to 2025-12-31

GARLAND LIGHT & POWER COMPANY, founded in 1937, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2025. Expenses of $5.2M left a modest 10% surplus.

Mission

RURAL ELECTRIC COOPERATIVE ESTABLISHED TO PROVIDE ELECTRICAL POWER AND SERVICES TO ITS MEMBERS LOCATED IN THE NORTH CENTRAL PORTION OF WYOMING.

Program Service Accomplishments

Program 1

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICAL POWER AND UTILITIES SERVICES TO APPROXIMATELY 2,360 METERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,604,031

Investment Income $29,680

Other Revenue $93,754

TOTAL REVENUE $5,727,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $406,317

Fundraising Expenses $0

Other Expenses $4,551,032

TOTAL EXPENSES $5,165,441

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,727,465	$5,343,510	+0.1%
Expenses	$5,165,441	$4,996,991	+0.0%
Net Income	$562,024	$346,519	+0.6%

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

$322,292

Total Directors

$17,198

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPENCER GEORGE	VICE PRESIDENT	1.31	Officer Director	$2,800	$0	$2,800
JERRY THOMPSON	DIRECTOR	1.75	Director	$3,199	$0	$3,199
PEGGY A RUBLE	PRESIDENT	6.72	Officer Director	$3,600	$0	$3,600
RYAN GORSUCH	DIRECTOR (PART YEAR)	1.50	Director	$600	$0	$600
SCOTT SMITH	SECRETARY-TREASURER	5.12	Officer Director	$4,799	$0	$4,799
SCOTT WILLIAMS	DIRECTOR	1.72	Director	$2,200	$0	$2,200
MOLLY K LYNN	GENERAL MANAGER	40.00	Officer	$127,540	$65,027	$192,567
CHRISTINA HARRISON	FISCAL MANAGER (PART YEAR)	40.00	Officer	$19,328	$0	$19,328
HEATHER LAWRENCE	FISCAL MANAGER (PART YEAR)	40.00	Officer	$58,159	$41,039	$99,198
STEPHEN REIMER	SUPERINTENDENT	40.00	Highest	$142,624	$64,320	$206,944
TODD LAWSON	LINEMAN	40.00	Highest	$108,167	$56,852	$165,019
JOSHUA SERR	LINEMAN	40.00	Highest	$113,372	$56,984	$170,356
JASON FIELDS	LINEMAN	40.00	Highest	$109,619	$53,007	$162,626

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
2025	$5,727,465	$5,165,441	$14,661,796	$562,024
2024	$5,343,510	$4,996,991	$13,795,625	$346,519
2023	$5,132,476	$4,734,023	$14,761,219	$398,453
2022	$4,752,023	$4,756,208	$14,992,833	$-4,185
2021	$4,607,688	$4,617,831	$12,125,691	$-10,143
2020	$4,449,538	$4,563,924	$12,702,315	$-114,386
2019	$4,430,068	$4,470,063	$12,849,718	$-39,995
2018	$4,302,067	$3,991,202	$13,033,108	$310,865