Mohave Electric Cooperative Inc (EIN 860079750) - 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

J Tyler Carlson

Tax Period

2023-01-01 to 2023-12-31

Mohave Electric Cooperative Inc, founded in 1946, is a major nonprofit that reported $104.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

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

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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 $40,275

Program Service Revenue $104,799,906

Investment Income $541,672

Other Revenue $-773,030

TOTAL REVENUE $104,608,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,916,713

Fundraising Expenses $0

Other Expenses $101,652,922

TOTAL EXPENSES $104,608,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$104,608,823	$96,009,131	+0.1%
Expenses	$104,608,823	$96,009,131	+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

107

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

$1,832,873

Total Directors

$137,676

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J Tyler Carlson	CEO	40.00	Officer	$871,653	$162,246	$1,033,899
Johnathan Martell	COO	40.00	Officer	$351,996	$95,937	$447,933
Heath Barker	CIO	40.00	Officer	$160,343	$55,882	$216,225
Jerry Hardy	Mgr Engineering & Ops	40.00	Highest	$150,711	$51,420	$202,131
Micah Thomas	Journeyman Lineman	54.00	Highest	$170,641	$28,636	$199,277
Raymond Fleck	Journeyman Lineman	50.00	Highest	$153,249	$38,183	$191,432
Frank Moreno	Journeyman Lineman	51.00	Highest	$154,974	$28,479	$183,453
Jimmy Bailey	Journeyman Lineman	45.00	Highest	$145,898	$23,973	$169,871
Tyler Weldon	CFO	40.00	Officer	$114,625	$20,191	$134,816
John B Nelssen	Director	8.00	Director	$28,037	$0	$28,037
Deborah Johnson	Director	8.00	Director	$24,377	$0	$24,377
Joseph Anderson	Director	12.00	Director	$14,409	$0	$14,409
Jose Solar	Director	8.00	Director	$13,534	$0	$13,534
Richard Tempelman	Director	8.00	Director	$12,734	$0	$12,734
Perley Nestrick	Director	8.00	Director	$12,284	$0	$12,284
Toni Daigh-Barbaro	Director	8.00	Director	$12,171	$0	$12,171
Michael Bartelt	Director	8.00	Director	$10,728	$0	$10,728
Cynthia Christy	Director	8.00	Director	$4,831	$0	$4,831
Tracy Weisz	Director	8.00	Director	$4,571	$0	$4,571

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	No data	No data	No data	No data
2023	$104,608,823	$104,608,823	$260,722,360	No data
2022	$96,009,131	$96,009,131	$233,522,064	No data
2021	$80,080,972	$79,275,472	$252,184,313	$805,500
2020	$77,169,949	$77,169,949	$218,196,959	No data
2019	$76,735,206	$76,735,206	$183,961,230	No data
2018	$84,210,964	$84,210,964	$183,093,220	No data

Mohave Electric Cooperative Inc