SCHOOL & MUNICIPAL ENERGY COOPERATIVE OF WNY (EIN 161556349) - 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

1998

Legal Domicile

Principal Officer

JIM FREGELETTE

Phone

7168217069

Tax Period

2024-07-01 to 2025-06-30

SCHOOL & MUNICIPAL ENERGY COOPERATIVE OF WNY, founded in 1998, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $18.5M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE ENERGY SERVICES FOR MUNICIPAL CORPORATIONS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $18,448,759

Investment Income $52,235

Other Revenue $0

TOTAL REVENUE $18,500,994

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,167,029

Other Expenses $18,439,103

TOTAL EXPENSES $18,439,103

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,500,994	$13,647,358	+0.4%
Expenses	$18,439,103	$13,740,189	+0.3%
Net Income	$61,891	$-92,831	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF PETRUS	CHAIRMAN	4.00	Officer	$0	$0	$0
JIM FREGELETTE	SECRETARY	4.00	Officer	$0	$0	$0
PATRICIA GRUPKA	TRUSTEE	1.00	Director	$0	$0	$0
DANIELLE MCAFEE	TRUSTEE	1.00	Director	$0	$0	$0
BARB SMITH	TRUSTEE	1.00	Director	$0	$0	$0
LAURIE WIDMAN	TRUSTEE	1.00	Director	$0	$0	$0
CASEY CAMPBELL	TREASURER	4.00	Officer	$0	$0	$0
WILLIAM CALDWELL	TRUSTEE	1.00	Director	$0	$0	$0
JAMIE PHILLIPS	VICE CHAIRMAN	4.00	Officer	$0	$0	$0
KAREN DRUMMOND	TRUSTEE	1.00	Director	$0	$0	$0

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	$18,500,994	$18,439,103	$5,066,071	$61,891
2024	$13,647,358	$13,740,189	$4,947,442	$-92,831
2023	$18,401,188	$18,085,758	$5,035,639	$315,430
2022	$20,423,578	$20,370,065	$5,155,004	$53,513
2021	$11,739,440	$11,659,031	$4,901,117	$80,409
2020	$10,766,710	$10,646,478	$4,800,684	$120,232
2019	$13,549,154	$13,386,956	$4,554,735	$162,198

SCHOOL & MUNICIPAL ENERGY COOPERATIVE OF WNY