ELECTRIC COOPERATIVES HEALTH BENEFITS PLAN (EIN 262483511) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

BRIAN MATNEY

Phone

3342152732

Tax Period

2023-01-01 to 2023-12-31

ELECTRIC COOPERATIVES HEALTH BENEFITS PLAN, founded in 2008, is a mid-sized nonprofit in the Mutual Benefit sector that reported $25.1M in total revenue in fiscal year 2018.

Mission

THE PLAN PROVIDES HEALTH BENEFITS FOR PARTICIPATING EMPLOYERS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,033,524

Investment Income $71,944

Other Revenue $0

TOTAL REVENUE $37,105,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,430,640

TOTAL EXPENSES $38,414,440

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,105,468	$33,927,826	+0.1%
Expenses	$38,414,440	$34,442,300	+0.1%
Net Income	$-1,308,972	$-514,474	+1.5%

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

$654,013

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BARTLEY	TRUSTEE	0.00	Director	$0	$0	$0
SCOTT BOBO	TRUSTEE	0.00	Director	$0	$0	$0
JON CULLIMORE	TRUSTEE	0.00	Director	$0	$0	$0
TIM CULPEPPER	TRUSTEE	0.00	Director	$0	$0	$0
GENA HALL	TRUSTEE	0.00	Director	$0	$0	$0
JEFF HODGES	TRUSTEE	0.00	Director	$0	$0	$0
VINCE JOHNSON	TRUSTEE	0.00	Director	$0	$0	$0
DARYL JONES	TRUSTEE	0.00	Director	$0	$0	$0
GENE KANIKOVSKY	TRUSTEE	0.00	Director	$0	$0	$0
BRITTON LIGHTSEY	TRUSTEE	0.00	Director	$0	$0	$0
TERRY MOSELEY	TRUSTEE	0.00	Director	$0	$0	$0
MARK PARKER	TRUSTEE	0.00	Director	$0	$0	$0
SCOTT SEAY	TRUSTEE	0.00	Director	$0	$0	$0
GARY SMITH	TRUSTEE	0.00	Director	$0	$0	$0
TOM STACKHOUSE	TRUSTEE	0.00	Director	$0	$0	$0
SHAWN WALLING	TRUSTEE	0.00	Director	$0	$0	$0
LOUIE WARD	TRUSTEE	0.00	Director	$0	$0	$0
LES MORELAND	CHAIRMAN	0.00	Officer Director	$0	$0	$0
DAVID BAILEY	VICE CHAIRMAN	0.00	Officer Director	$0	$0	$0
STACEY WHITE	SECRETARY	0.00	Officer Director	$0	$0	$0
KARL RAYBORN	TREASURER	1.00	Officer	$0	$101,739	$417,592
BRIAN MATNEY	ADMINISTRATOR	1.00	Officer	$0	$58,721	$236,421

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	$37,105,468	$38,414,440	$5,712,776	$-1,308,972
2022	$33,927,826	$34,442,300	$3,537,505	$-514,474
2021	$32,498,506	$34,202,351	$4,519,979	$-1,703,845
2020	$30,533,476	$30,597,628	$5,970,738	$-64,152
2019	$27,917,282	$31,257,573	$6,716,047	$-3,340,291
2018	$25,078,273	$26,458,973	$8,843,256	$-1,380,700

ELECTRIC COOPERATIVES HEALTH BENEFITS PLAN