SPRINGER ELECTRIC COOPERATIVE INC (EIN 850083345) - 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

1946

Legal Domicile

Principal Officer

DAVID SPRADLIN

Phone

5754832421

Tax Period

2025-01-01 to 2025-12-31

SPRINGER ELECTRIC COOPERATIVE INC, founded in 1946, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $21.3M in total revenue in fiscal year 2025.

Mission

Sale and distribution of electric energy at the lowest possible price and in the most reliable manner

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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 $20,729,623

Investment Income $480,048

Other Revenue $121,911

TOTAL REVENUE $21,331,582

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,480,380

Fundraising Expenses $0

Program Expenses $21,331,582

Other Expenses $17,604,481

TOTAL EXPENSES $21,331,582

Year-over-Year Comparison

	2025	2024	Change
Revenue	$21,331,582	$20,280,824	+0.1%
Expenses	$21,331,582	$20,280,824	+0.1%
Net Income	$0	$0	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

N/A

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

$46,233

Total Directors

$90,532

Key Employees

$472,866

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alfonso Maestas	Director - Secretary Treasurer	5.00	Officer Director	$11,827	$0	$11,827
Don Schutz	Director	5.00	Director	$11,827	$0	$11,827
Gary Shaw	Director - Vice President	8.00	Officer Director	$11,827	$0	$11,827
Cody Hazen	Director	5.00	Director	$9,677	$0	$9,677
Jeff Burton	Director	5.00	Director	$8,602	$0	$8,602
Russell Hoy	Director	5.00	Director	$14,193	$0	$14,193
Timothy Morrow	Director - President	8.00	Officer Director	$22,579	$0	$22,579
David Spradlin	CEO	43.00	Key Emp Highest	$269,022	$203,844	$472,866
John Weisdorfer	Operations Manager	40.00	Highest	$138,467	$77,316	$215,783
Ronald Brashear	Line Superintendent	41.00	Highest	$120,287	$97,378	$217,665
Christy Romero	Office Manager	40.00	Highest	$109,302	$41,468	$150,770
David Balizan	Safety Coordinator GIS	43.00	Highest	$105,829	$46,413	$152,242
Fidel Laumbach	Line Foreman	42.00	Highest	$112,500	$57,067	$169,567

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	$21,331,582	$21,331,582	$57,505,509	No data
2024	$20,280,824	$20,280,824	$53,567,208	No data
2023	$20,432,505	$20,432,505	$46,800,753	No data
2022	$19,813,589	$19,813,589	$43,026,680	No data
2021	$21,344,782	$21,344,782	$41,843,189	No data
2020	$21,225,034	$21,225,034	$40,769,962	No data

SPRINGER ELECTRIC COOPERATIVE INC