FULTON COUNTY REMC (EIN 350324995) - 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

1936

Legal Domicile

Principal Officer

KELLEY KITCHEN

Phone

5742233156

Tax Period

2024-01-01 to 2024-12-31

FULTON COUNTY REMC, founded in 1936, is a mid-sized nonprofit in the Mutual Benefit sector that reported $17.8M in total revenue in fiscal year 2024.

Mission

DISTRIBUTION OF ELECTRICITY TO APPROXIMATELY 6,150 MEMBERS ON A COOPERATIVE BASIS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $17,118,096

Investment Income $99,776

Other Revenue $547,009

TOTAL REVENUE $17,764,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,952,832

Fundraising Expenses $0

Other Expenses $14,345,502

TOTAL EXPENSES $17,764,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,764,881	$17,595,532	+0.0%
Expenses	$17,764,881	$17,595,532	+0.0%
Net Income	$0	$0	N/A

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

$262,242

Total Directors

$63,767

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS BURTON	PRESIDENT	6.00	Officer Director	$10,644	$0	$10,644
ANGELA MILLER	VICE PRESIDENT	6.00	Officer Director	$10,844	$0	$10,844
LEANDER HOOVER	SECRETARY/TREASURER	5.00	Officer Director	$9,569	$0	$9,569
ADAM LOEHMER	DIRECTOR	4.00	Director	$8,756	$0	$8,756
BLAIN A HIZER	DIRECTOR	2.00	Director	$3,671	$0	$3,671
BROCK SCHWENK	DIRECTOR	4.00	Director	$8,398	$0	$8,398
STEPHANIE MCCULLEY	DIRECTOR	2.00	Director	$7,353	$0	$7,353
SETH WHITE	DIRECTOR	2.00	Director	$4,532	$0	$4,532
ANDREW HORSTMAN	CEO	50.00	Officer	$170,865	$60,320	$231,185
FRED MCGLOTHIN	SUPERINTENDENT	40.00	Highest	$122,438	$49,137	$171,575
KELLEY KITCHEN	CFO	40.00	Highest	$121,850	$49,319	$171,169
COLE WALTERS	JOURNEYMAN LINEMAN	40.00	Highest	$118,166	$33,509	$151,675
EVAN WILDERMUTH	JOURNEYMAN LINEMAN	40.00	Highest	$127,265	$36,463	$163,728
BRANDON WORTLEY	JOURNEYMAN LINEMAN	40.00	Highest	$118,297	$40,098	$158,395

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	$17,764,881	$17,764,881	$34,202,704	No data
2023	$17,595,532	$17,595,532	$31,131,519	No data
2022	$17,488,166	$17,488,166	$29,979,808	No data
2021	$14,789,521	$13,588,261	$29,622,941	$1,201,260
2020	$14,158,566	$13,055,983	$27,782,553	$1,102,583

FULTON COUNTY REMC