GRAHAM COUNTY UTILITIES 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

1989

Legal Domicile

Principal Officer

PHILLIP COOK

Phone

9284852451

Tax Period

2021-01-01 to 2021-12-31

GRAHAM COUNTY UTILITIES INC, founded in 1989, is a community nonprofit that reported $4.8M in total revenue in fiscal year 2021. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $4.6M left a modest 4% surplus.

Mission

WE ARE COMMITTED TO PROVIDE SAFE, RELIABLE AND EFFICIENT RESOURCES TO ENAHANCE THE LIVES OF OUR MEMBERS AND THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

NATURAL GAS DIVISION: THE COOPERATIVE OWNS AND OPERATES A NATURAL GAS DISTRIBUTION SYSTEM. THROUGH THIS INFRASTRUCTURE, IT PURCHASES, TRANSPORTS AND DISTRIBUTES NATURAL GAS TO THE MEMBERS. SUCH...

NATURAL GAS DIVISION: THE COOPERATIVE OWNS AND OPERATES A NATURAL GAS DISTRIBUTION SYSTEM. THROUGH THIS INFRASTRUCTURE, IT PURCHASES, TRANSPORTS AND DISTRIBUTES NATURAL GAS TO THE MEMBERS. SUCH SERVICES ARE PROVIDED ON A PATRONAGE BASIS. PATRONAGE CAPITAL IS ALLOCABLE TO THE MEMBERS WHEN CUMULATIVE NET MARGINS EXCEED CUMULATIVE LOSSES. AT YEAR END THERE 6,235 NATURAL GAS METERS SERVED BY 210 MILES OF MAIN LINES AND 85 MILES OF SERVICE LINES.

Program 2

WATER DIVISION:THE COOPERATIVE OWNS AND MAINTAINS WATER WELLS, STORAGE TANKS AND A WATER DISTRIBUTION SYSTEM TO SUPPLY ITS MEMBERS WITH POTABLE WATER. SUCH WATER DISTRIBUTION SERVICES ARE PROVIDED ON A PATRONAGE BASIS. PATRONAGE CAPITAL IS ALLOCABLE TO THE MEMBERS WHEN CUMULATIVE NET MARGINS EXCEED CUMULATIVE LOSSES. AT YEAR END, THERE WERE 1,545 WATER METERS SERVED BY 69 MILES OF MAIN LINES AND 10 MILES OF SERVICE LINES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,741,058

Investment Income $135

Other Revenue $22,860

TOTAL REVENUE $4,764,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,563,568

TOTAL EXPENSES $4,563,568

Year-over-Year Comparison

	2021	2020	Change
Revenue	$4,764,053	$4,124,227	+0.2%
Expenses	$4,563,568	$4,316,686	+0.1%
Net Income	$200,485	$-192,459	-2.0%

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

N/A

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

$334,695

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM BRYCE	DIRECTOR	0.00	Director	$0	$0	$0
DENNIS JACOB	DIRECTOR	0.00	Director	$0	$0	$0
TOMMY CLONTS	DIRECTOR	0.00	Director	$0	$0	$0
GENE ROBERT LARSON	DIRECTOR	0.00	Director	$0	$0	$0
STEPHEN HOOPER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
GERALD SCHMIDT	DIRECTOR	0.00	Director	$0	$0	$0
JEFF LARSON	PRESIDENT	0.00	Officer Director	$0	$0	$0
MICHAEL CROCKETT	SECRETARY (JAN-APR)	0.00	Officer Director	$0	$0	$0
LARRY MORRIS	DIRECTOR (JAN)	0.00	Director	$0	$0	$0
PHILLIP COOK	CEO	1.00	Officer	$0	$30,889	$186,793
THAN ASHBY	CFO	1.00	Officer	$0	$43,784	$147,902

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
2021	$4,764,053	$4,563,568	$7,732,797	$200,485
2020	$4,124,227	$4,316,686	$5,804,263	$-192,459