GARLAND LIGHT & POWER COMPANY (EIN 830119598) - 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

1937

Legal Domicile

Principal Officer

MOLLY K LYNN

Phone

3077542881

Tax Period

2024-01-01 to 2024-12-31

GARLAND LIGHT & POWER COMPANY, founded in 1937, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 6% surplus.

Mission

RURAL ELECTRIC COOPERATIVE SUPPLYING ELECTRICITY AND SERVICES TO ITS MEMBERS LOCATED IN RURAL WYOMING.

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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 $5,059,061

Investment Income $95,427

Other Revenue $189,022

TOTAL REVENUE $5,343,510

Expense Breakdown

Grants Paid $0

Salaries & Benefits $404,615

Fundraising Expenses $0

Other Expenses $4,307,404

TOTAL EXPENSES $4,996,991

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,343,510	$5,132,476	+0.0%
Expenses	$4,996,991	$4,734,023	+0.1%
Net Income	$346,519	$398,453	-0.1%

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

$299,179

Total Directors

$25,364

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SPENCER GEORGE	DIRECTOR	1.32	Director	$3,784	$0	$3,784
JERRY THOMPSON	PRESIDENT	3.46	Officer Director	$5,022	$0	$5,022
PEGGY A RUBLE	VICE PRESIDENT	8.48	Officer Director	$3,051	$0	$3,051
RYAN GORSUCH	DIRECTOR	1.50	Director	$3,236	$0	$3,236
SCOTT SMITH	SECRETARY-TREASURER	8.15	Officer Director	$10,271	$0	$10,271
MOLLY K LYNN	GENERAL MANAGER	40.00	Officer	$125,903	$62,645	$188,548
CHRISTINA HARRISON	FISCAL MANAGER	40.00	Officer	$50,807	$41,480	$92,287
STEPHEN REIMER	SUPERINTENDENT	40.00	Highest	$136,484	$60,903	$197,387
TODD LAWSON	LINEMAN	40.00	Highest	$102,556	$53,919	$156,475
JOSHUA SERR	LINEMAN	40.00	Highest	$108,299	$54,024	$162,323

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	$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

GARLAND LIGHT & POWER COMPANY