Garkane Energy Cooperative Inc (EIN 870133588) - 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

1938

Legal Domicile

Principal Officer

Ronald W Cazier

Phone

4358362795

Tax Period

2023-01-01 to 2023-12-31

Garkane Energy Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $31.5M in total revenue in fiscal year 2023. Expenses of $29.2M left a modest 7% surplus.

Mission

Garkane Energy is a member-owned rural electric cooperative and provides electricity to cooperative member/consumers.

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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 $30,134,711

Investment Income $180,226

Other Revenue $1,166,902

TOTAL REVENUE $31,481,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,547,726

Fundraising Expenses $0

Other Expenses $23,613,505

TOTAL EXPENSES $29,161,231

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,481,839	$30,678,665	+0.0%
Expenses	$29,161,231	$28,850,541	+0.0%
Net Income	$2,320,608	$1,828,124	+0.3%

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

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

$63,013

Total Directors

$235,807

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Daniel McClendon	CEO/General Manager	40.00		$261,490	$0	$261,490
Bryant Shakespear	COO/Engineering Manager	40.00		$208,592	$0	$208,592
Marcus V Lewis	CFO	40.00		$169,565	$0	$169,565
Daniel Thompson	Subst. Engineer	40.00		$150,860	$0	$150,860
Justin M Miller	Line Super.	40.00		$146,669	$0	$146,669
Robert C Wolfley	Garfield Area Mngr	40.00		$143,767	$0	$143,767
JEFFERY J VAUGHN	Kane Area Mngr	40.00		$137,371	$0	$137,371
Phillip K Burr	Wayne Area Mngr	40.00		$132,319	$0	$132,319
Guy Timpson	Director	6.00	Director	$28,918	$0	$28,918
Ronald W Cazier	President	5.00	Officer Director	$24,937	$0	$24,937
Terry J Griffiths	Director	3.00	Director	$23,378	$0	$23,378
George A Thompson	Treasurer	4.00	Director	$22,591	$0	$22,591
William G Hammon	Director	5.00	Director	$21,690	$0	$21,690
Chad E Williams	Director	5.00	Director	$20,358	$0	$20,358
Raymond A Clark	Treasurer	2.00	Officer Director	$19,540	$0	$19,540
Reed L Munson	Director	2.00	Director	$19,117	$0	$19,117
Andrew D Gant	Director	4.00	Director	$18,591	$0	$18,591
Tracy Potter	Vice President	4.00	Officer Director	$18,536	$0	$18,536
Rodney R Ence	Director	2.00	Director	$18,151	$0	$18,151

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	$31,481,839	$29,161,231	$104,673,604	$2,320,608
2022	$30,678,665	$28,850,541	$100,461,413	$1,828,124
2021	$29,593,598	$25,946,102	$96,435,981	$3,647,496
2020	$26,545,335	$24,559,313	$97,707,228	$1,986,022
2019	$26,140,171	$24,643,908	$93,822,066	$1,496,263
2018	$25,775,000	$23,431,177	$90,930,600	$2,343,823

Garkane Energy Cooperative Inc