FARMERS ELECTRIC CHARITABLE FOUNDATION (EIN 260749479) - 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

2007

Legal Domicile

Principal Officer

MARK STUBBS

Phone

9034551715

Tax Period

2023-01-01 to 2023-12-31

FARMERS ELECTRIC CHARITABLE FOUNDATION, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $420K in total revenue in fiscal year 2023.

Mission

THE ACCUMULATION OF AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE COUNTIES COMPRISING THE SERVICE TERRITORY OF FARMERS ELECTRIC COOPERATIVE.

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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 $417,851

Program Service Revenue $0

Investment Income $2,033

Other Revenue $0

TOTAL REVENUE $419,884

Expense Breakdown

Grants Paid $407,374

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $407,753

Other Expenses $379

TOTAL EXPENSES $407,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$419,884	$391,738	+0.1%
Expenses	$407,753	$343,796	+0.2%
Net Income	$12,131	$47,942	-0.7%

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

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

$929,706

Total Directors

$251,278

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARTIN ALLAIN	DIRECTOR	1.00	Director	$0	$0	$26,007
MARVIN FULLER	DIRECTOR	1.00	Director	$0	$0	$26,007
TOMMY PULLIAM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$26,993
BILL SAMUELS	PRESIDENT	1.00	Officer Director	$0	$0	$28,229
WAYNE DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$28,465
DON PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$25,873
BOB MIDDLETON JR	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$31,142
PAUL TALLANT	DIRECTOR	1.00	Director	$0	$0	$28,479
LARRY LANE	DIRECTOR	1.00	Director	$0	$0	$30,083
MARK STUBBS	EXECUTIVE DIRECTOR	1.00	Officer	$0	$180,924	$843,342

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	$419,884	$407,753	$273,629	$12,131
2022	$391,738	$343,796	$261,498	$47,942
2021	$328,194	$341,318	$213,556	$-13,124
2020	$356,193	$432,863	$226,680	$-76,670
2019	$308,936	$234,379	$303,350	$74,557
2018	$290,940	$306,160	$228,793	$-15,220

FARMERS ELECTRIC CHARITABLE FOUNDATION