UNITED ELECTRIC COOPERATIVE INC (EIN 251182502) - 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

1939

Legal Domicile

Principal Officer

BRENDA SWARTZLANDER

Phone

8143718570

Tax Period

2023-01-01 to 2023-12-31

UNITED ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $34.5M in total revenue in fiscal year 2023. Expenses of $31.9M left a modest 7% surplus.

Mission

COOPERATIVE ELECTRIC ORGANIZATION PROVIDING ELECTRICITY TO MEMBERS

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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 $33,048,024

Investment Income $238,935

Other Revenue $1,167,936

TOTAL REVENUE $34,454,895

Expense Breakdown

Grants Paid $0

Salaries & Benefits $615,097

Fundraising Expenses $0

Other Expenses $30,092,612

TOTAL EXPENSES $31,927,665

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,454,895	$31,964,967	+0.1%
Expenses	$31,927,665	$28,712,749	+0.1%
Net Income	$2,527,230	$3,252,218	-0.2%

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

$495,197

Total Directors

$119,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN A MARSHALL	CHAIRMAN OF THE BOARD	12.00	Director	$18,800	$0	$18,800
TIMOTHY D BURKETT	VICE CHAIRMAN OF THE BOARD	6.50	Director	$17,300	$0	$17,300
ARDEN E OWENS	DIRECTOR	5.00	Director	$16,800	$0	$16,800
SHANELLE HAWK	DIRECTOR	10.00	Director	$18,700	$0	$18,700
EILEEN PISANESCHI	SECRETARY/TREASURER	5.00	Director	$16,500	$0	$16,500
RICHARD PETROSKY	DIRECTOR	10.00	Director	$17,200	$0	$17,200
DAVID W WALKER	DIRECTOR	6.00	Director	$14,600	$0	$14,600
BRENDA SWARTZLANDER	PRESIDENT & CEO	45.00	Officer	$205,623	$84,834	$290,457
LEN HAWKINS	FINANCE & ACCOUNTING MGR	45.00	Officer	$136,615	$68,125	$204,740
SHANE P FARRELL	LINE SUPERINTENDENT	40.00	Highest	$147,173	$67,649	$214,822
SETH ENTERLINE	LINEMAN	48.60	Highest	$133,514	$46,317	$179,831
EDWARD D WHEELER	LINEMAN	48.00	Highest	$130,282	$46,317	$176,599
CHAD M GUAGLIANONE	LINEMAN	47.00	Highest	$127,931	$46,317	$174,248
MICHAEL G FLOCK	ENGINEER MANAGER	40.00	Highest	$130,219	$58,401	$188,620

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	$34,454,895	$31,927,665	$123,143,654	$2,527,230
2022	$31,964,967	$28,712,749	$118,526,442	$3,252,218
2021	$31,031,818	$28,424,193	$114,867,848	$2,607,625
2020	$28,774,279	$27,174,104	$110,918,575	$1,600,175
2019	$28,179,563	$27,043,390	$107,908,138	$1,136,173
2018	$27,217,779	$26,001,571	$103,275,285	$1,216,208

UNITED ELECTRIC COOPERATIVE INC