ELECTRIC COOPERATIVES HEALTH BENEFITS PLAN

EIN: 262483511 Mutual Benefit

MONTGOMERY, AL

Total Revenue
$37,105,468
Total Expenses
$38,414,440
Total Assets
$5,712,776
Net Assets
$850,368
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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
2008
Legal Domicile
AL
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 $37.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN. FUNDS ARE USED TO PAY HEALTH CLAIMS COSTS AND ADMINISTRATIVE EXPENSES OF OPERATION OF THE PLAN.

Program Service Accomplishments

Program 1

COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN. FUNDS ARE USED TO PAY HEALTH CLAIMS COSTS AND ADMINISTRATIVE EXPENSES OF OPERATION OF THE PLAN.

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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%)

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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

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Governance

Voting Members
21
Independent Members
21
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
5
$654,013
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
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
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