NAVOPACHE ELECTRIC COOPERATIVE INCORPORATED (EIN 860079371) - 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

Joshua Adams

Phone

9283685118

Tax Period

2023-01-01 to 2023-12-31

NAVOPACHE ELECTRIC COOPERATIVE INCORPORATED, founded in 1946, is a mid-sized nonprofit that reported $63.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

To provide safe, reliable, cost effective electric service to our members/owners.

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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 $0

Program Service Revenue $62,210,417

Investment Income $260,323

Other Revenue $1,108,893

TOTAL REVENUE $63,579,633

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,531,838

Fundraising Expenses $0

Program Expenses $63,299,474

Other Expenses $50,026,582

TOTAL EXPENSES $63,299,474

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,579,633	$68,911,479	-0.1%
Expenses	$63,299,474	$68,798,842	-0.1%
Net Income	$280,159	$112,637	+1.5%

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

115

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

$1,361,153

Total Directors

$218,580

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Moore	CEO	45.54	Officer	$467,563	$160,543	$628,106
Garth Turley	Manager of Engineering	40.15	Officer	$159,259	$123,889	$283,148
Anthony Lindsey	Manager of Information Technology	41.30	Officer	$147,111	$115,218	$262,329
Craig Blackburn	Area Representative	52.98	Highest	$148,091	$99,511	$247,602
Brian Brownlow	Manager of Operations	47.67	Highest	$138,907	$107,223	$246,130
Natalie Groeneveld	Manager of Human Resources	40.76	Highest	$137,880	$95,769	$233,649
Willard Hamblin	Area Representative	48.07	Highest	$135,543	$93,169	$228,712
Cody Merrick	Area Representative	50.46	Highest	$141,301	$78,778	$220,079
Joshua Adams	CFO	43.97	Officer	$141,625	$45,945	$187,570
Fred Harper	Director - Board President	4.07	Director	$39,511	$0	$39,511
Dennis Hughes	Director - Secretary	3.58	Director	$38,034	$0	$38,034
Floyd Arendell	Director	5.6	Director	$37,858	$0	$37,858
M Brad Peterson	Director	1.69	Director	$37,493	$0	$37,493
Steve Heckathorne	Director - Vice President	4.88	Director	$28,480	$0	$28,480
Bradley Baker	Director	0	Director	$20,208	$0	$20,208
Janet Porter Carrejo	Director	7.11	Director	$8,207	$0	$8,207
Herbert Tate	Director	0	Director	$5,120	$0	$5,120
Brenda Pusher-Begay	Director	1.62	Director	$3,429	$0	$3,429
Wayne Booher	Director	0	Director	$240	$0	$240

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$63,579,633	$63,299,474	$173,191,820	$280,159
2022	$68,911,479	$68,798,842	$166,211,711	$112,637
2021	$59,797,465	$59,559,494	$154,873,942	$237,971
2020	$57,017,220	$56,909,615	$146,698,089	$107,605
2019	$52,636,865	$52,439,833	$131,810,841	$197,032
2018	$49,956,408	$49,976,989	$123,846,005	$-20,581
2018	$49,938,351	$49,976,989	$123,846,005	$-38,638

NAVOPACHE ELECTRIC COOPERATIVE INCORPORATED