GRAND CANYON STATE ELECTRIC COOP I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1952

Legal Domicile

Principal Officer

DAVID LOCK

Phone

6022866925

Tax Period

2023-01-01 to 2023-12-31

GRAND CANYON STATE ELECTRIC COOP INC, founded in 1952, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

TO REPRESENT, ADVANCE AND PROTECT THE INTERESTS OF ARIZONA'S MEMBER-OWNED, RURAL ELECTRIC COOPERATIVES.

Program Service Accomplishments

Program 1

THE ASSOCIATION PROVIDES LEGISLATIVE AND REGULATORY REPRESENTATION, EDUCATION, TRAINING AND COMMUNICATIONS SERVICES FOR ITS REGULAR COOPERATIVE MEMBERS AND ITS ASSOCIATE MEMBERS. ALTOGETHER, THE...

THE ASSOCIATION PROVIDES LEGISLATIVE AND REGULATORY REPRESENTATION, EDUCATION, TRAINING AND COMMUNICATIONS SERVICES FOR ITS REGULAR COOPERATIVE MEMBERS AND ITS ASSOCIATE MEMBERS. ALTOGETHER, THE ASSOCIATION SERVES 30 MEMBERS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $313,299

Program Service Revenue $1,875,158

Investment Income $28,740

Other Revenue $8,805

TOTAL REVENUE $2,226,002

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,267,174

Fundraising Expenses $0

Other Expenses $908,527

TOTAL EXPENSES $2,175,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,226,002	$2,413,824	-0.1%
Expenses	$2,175,701	$2,360,787	-0.1%
Net Income	$50,301	$53,037	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$470,654

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF LARSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
BILL ARENDELL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
FRANK DOWNS	TREASURER	1.30	Officer Director	$0	$0	$0
CHUCK MOORE	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRIS CLARIDGE	DIRECTOR	4.00	Director	$0	$0	$0
JOE ANDERSON	DIRECTOR	9.00	Director	$0	$0	$0
TONI BARBARO	DIRECTOR	1.00	Director	$0	$0	$0
TOM GOODMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON BOWLING	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA THOMPSON	DIRECTOR	2.50	Director	$0	$0	$0
BRIAN HEITHOFF	DIRECTOR	1.00	Director	$0	$0	$0
GENE LARSON	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK LEDGER	DIRECTOR	2.00	Director	$0	$0	$0
TOM LOVETT	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LOCK	CEO	40.00	Officer	$299,376	$171,278	$470,654
JORGE CANACA	DIRECTOR OF LEGISLATIVE CO	40.00	Highest	$181,894	$44,134	$226,028
CASEY RATLIEF	DIRECTOR OF GOVERNMENT REL	40.00	Highest	$153,365	$37,506	$190,871

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	$2,226,002	$2,175,701	$2,207,393	$50,301
2022	$2,413,824	$2,360,787	$1,735,552	$53,037
2021	$1,652,647	$2,347,284	$1,185,100	$-694,637
2020	$1,725,664	$1,552,293	$2,267,980	$173,371
2019	$1,791,723	$1,783,014	$2,249,210	$8,709
2018	$1,773,929	$1,978,873	$1,610,633	$-204,944

GRAND CANYON STATE ELECTRIC COOP INC