BUCKEYE POWER INC (EIN 310676582) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1949

Legal Domicile

Principal Officer

Craig Grooms

Phone

6143072101

Tax Period

2024-07-01 to 2025-06-30

BUCKEYE POWER INC, founded in 1949, is a major nonprofit that reported $915.5M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $886.3M left a modest 3% surplus.

Mission

Deliver to Members stably and competitively priced economical and highly reliable wholesale power for the benefit of their members and their communities.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $906,845,308

Investment Income $1,499,205

Other Revenue $7,188,700

TOTAL REVENUE $915,533,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,780,624

Fundraising Expenses $0

Program Expenses $0

Other Expenses $876,532,184

TOTAL EXPENSES $886,312,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$915,533,213	$815,866,022	+0.1%
Expenses	$886,312,808	$795,831,880	+0.1%
Net Income	$29,220,405	$20,034,142	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$4,236,942

Total Directors

$25,225

Key Employees

$277,641

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steven Nelson	Chairman	4.00	Officer Director	$11,800	$0	$11,800
John Metcalf	Vice Chairman	2.50	Officer Director	$5,200	$0	$5,200
Todd Ware	Treasurer	2.50	Officer Director	$3,600	$0	$3,600
Phillip Caskey	Trustee	1.65	Director	$0	$0	$0
Ted Holsapple	Trustee	1.25	Director	$0	$0	$0
Don Englet	Trustee	1.25	Director	$0	$0	$0
Brian Hill	Trustee	1.50	Director	$0	$0	$0
Bill Barnhart	Trustee	1.25	Director	$0	$0	$0
Glenn Miller	Trustee	1.25	Director	$0	$0	$0
Larry Fenbers	Trustee	1.25	Director	$0	$0	$0
Tom Musick	Trustee	1.25	Director	$400	$0	$400
Gary Rowland	Trustee	1.35	Director	$0	$0	$0
Tom Wolfenbarger	Trustee	1.50	Director	$0	$0	$0
Gary Knapke	Trustee	1.25	Director	$1,425	$0	$1,425
Dan Bodette	Trustee	1.25	Director	$0	$0	$0
Ed VanHoose	Trustee	1.75	Director	$0	$0	$0
Darin Thorp	Trustee	1.25	Director	$0	$0	$0
Richard Lemonds	Secretary	2.50	Officer Director	$0	$0	$0
Brett Perkins	Trustee	1.70	Director	$2,800	$0	$2,800
Anthony Smith	Trustee	1.25	Director	$0	$0	$0
Jeff Triplett	Trustee	2.50	Director	$0	$0	$0
Erika Ackley	Trustee	1.65	Director	$0	$0	$0
Kent Eldridge	Trustee	1.25	Director	$0	$0	$0
Matt Berry	Trustee	1.25	Director	$0	$0	$0
Randy Price	Trustee	1.60	Director	$0	$0	$0
Tim Street	Trustee	1.25	Director	$0	$0	$0
Tom Alban	VP Power Generation	38.40	Officer	$296,901	$122,233	$431,505
Craig Grooms	President CEO Jan to June 2025	37.20	Officer	$378,698	$160,445	$567,648
Kurt Helfrich	General Council	34.00	Officer	$326,560	$109,266	$493,455
Doug Miller	VP Statewide Services	10.00	Officer	$78,394	$168,282	$481,860
Patrick O'Loughlin	President CEO July to Dec 2024	32.80	Officer	$1,018,694	$152,604	$1,394,914
William Roberts	VP Finance CFO	32.00	Officer	$317,678	$128,541	$525,638
Greg Niese	Director of IT	36.00	Highest	$182,300	$122,460	$336,931
Randall Keefer	Director Fuel Procurement Byproduct Sales	40.00	Highest	$215,301	$71,417	$286,718
Dave Richardson	Plant Manager	40.00	Highest	$222,771	$83,908	$306,679
Bethany Schunn	Plant Manager	40.00	Highest	$291,040	$59,964	$351,004
Kevin Zemanek	VP Operations	37.20	Officer	$237,741	$65,686	$321,322
Ben Wilson	Assistant VP Power Delivery	36.00	Key Emp	$197,418	$58,288	$277,641
Dwight Miller	Sr Director Safety Training Loss Prevention	0.80	Highest	$4,209	$108,068	$318,529
Ken Tolliver	Trustee	1.25	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	$915,533,213	$886,312,808	$1,599,226,510	$29,220,405
2024	$815,866,022	$795,831,880	$1,696,416,205	$20,034,142
2023	$832,696,275	$791,988,048	$1,688,219,536	$40,708,227
2022	$814,420,643	$777,806,668	$1,739,976,540	$36,613,975
2021	$739,686,456	$712,071,623	$1,764,183,038	$27,614,833

BUCKEYE POWER INC