KC Electric Association Inc

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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

1946

Legal Domicile

Principal Officer

David Churchwell

Phone

7197432431

Tax Period

2024-01-01 to 2024-12-31

KC Electric Association Inc, founded in 1946, is a mid-sized nonprofit that reported $31.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To provide reliable electric power and related services to our members at the most affordable cost.

Program Service Accomplishments

Program 1

KCEA sold 239,483,326 Kwhs to our 6,625 meters over 3,052 miles of line in 3 counties (Cheyenne, Kit Carson and Lincoln) of Eastern Colorado.

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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 $30,552,846

Investment Income $916,642

Other Revenue $9,172

TOTAL REVENUE $31,478,660

Expense Breakdown

Grants Paid $8,000

Salaries & Benefits $1,250,027

Fundraising Expenses $0

Other Expenses $25,039,422

TOTAL EXPENSES $31,478,660

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,478,660	$27,822,101	+0.1%
Expenses	$31,478,660	$27,822,101	+0.1%
Net Income	$0	N/A	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

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

$614,470

Total Directors

$106,650

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Churchwell	General Manager	40.00	Officer	$289,023	$139,173	$428,196
Bo Randolph	CFO	40.00	Officer	$146,308	$39,966	$186,274
Darren Fox	Ops Manager	40.00	Highest	$135,266	$50,614	$185,880
Austin Talbert	Area Foreman	40.00	Highest	$133,257	$38,536	$171,793
John C Ely	Maintenance Foreman	40.00	Highest	$134,938	$36,296	$171,234
Kevin Penny	President	7.10	Director	$14,850	$0	$14,850
G Wayne Parrish	Director	3.70	Director	$14,100	$0	$14,100
Jerry Allen	Director	4.10	Director	$13,300	$0	$13,300
Robert Bledsoe	Director	7.10	Director	$12,000	$0	$12,000
Eric Poss	Director	2.90	Director	$12,000	$0	$12,000
David Ritchey	Director	1.70	Director	$11,850	$0	$11,850
Daniel Mills	Director	1.10	Director	$11,700	$0	$11,700
Terry Tagtmeyer	Director	3.20	Director	$11,100	$0	$11,100
James Michal	Director	2.40	Director	$5,750	$0	$5,750

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	$31,478,660	$31,478,660	$68,088,770	No data
2023	$27,822,101	$27,822,101	$64,774,944	No data
2022	$28,375,807	$28,375,807	$63,987,749	No data
2021	$27,088,421	$28,088,421	$58,667,697	$-1,000,000
2020	$27,727,081	$27,727,081	$57,240,392	No data
2019	$25,213,306	$25,713,303	$57,865,775	$-499,997
2018	$23,963,602	$24,563,600	$57,446,788	$-599,998