SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 356043583) - 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

1939

Legal Domicile

Principal Officer

JAMES TANNEBERGER

Phone

7653423344

Tax Period

2024-01-01 to 2024-12-31

SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a major nonprofit that reported $117.1M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE SAFE, RELIABLE, COST-EFFECTIVE ELECTRICITY AND ENERGY SOLUTIONS.

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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 $113,889,443

Investment Income $2,664,552

Other Revenue $522,562

TOTAL REVENUE $117,076,557

Expense Breakdown

Grants Paid $17,423

Salaries & Benefits $15,388,605

Fundraising Expenses $0

Other Expenses $88,327,659

TOTAL EXPENSES $116,042,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$117,076,557	$108,161,597	+0.1%
Expenses	$116,042,872	$109,667,794	+0.1%
Net Income	$1,033,685	$-1,506,197	-1.7%

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

180

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

$965,353

Total Directors

$152,448

Key Employees

$1,020,709

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REX FRANKLIN	DIRECTOR	10.00	Director	$34,139	$0	$34,139
BRUCE HAMLIN	CHAIRMAN	6.50	Officer Director	$14,905	$0	$14,905
JERRY PHEIFER	SECRETARY-TREASURER	7.00	Officer Director	$9,606	$0	$9,606
LISA PROSSER	DIRECTOR	3.50	Director	$15,560	$0	$15,560
MARK SMITH	VICE CHAIRMAN	1.80	Officer Director	$28,727	$0	$28,727
KENNETH SEBASTIAN	DIRECTOR	4.00	Director	$14,885	$0	$14,885
BRAD SHIELDS	DIRECTOR	3.00	Director	$12,610	$0	$12,610
MICHAEL WITTE	DIRECTOR	4.00	Director	$9,156	$0	$9,156
DONALD LEE RENNER	DIRECTOR	12.00	Director	$12,860	$0	$12,860
JAMES TANNEBERGER	PRESIDENT & CEO	60.00	Officer	$351,146	$105,847	$456,993
RANDY ELLIOTT	CHIEF OPERATING OFFICER	52.00	Officer	$271,040	$184,082	$455,122
CHARITY COFFMAN	VP OF FINANCE	45.00	Key Emp	$153,103	$51,651	$204,754
TAMMY HAENLEIN	VP OF MEMBER SERVICES	45.00	Key Emp	$169,848	$83,658	$253,506
GREGG HOPSICKER	VP OF DISTRIBUTION SERVICES	46.00	Key Emp	$199,918	$112,772	$312,690
MARILOU IDLAND	VP OF HUMAN RESOURCES	55.00	Key Emp	$195,395	$54,364	$249,759
CODY CAMPBELL	JOURNEYMAN LINEWORKER	57.00	Highest	$181,065	$30,103	$211,168
CHAD GRIFFIN	LEAD LINE FOREMAN	52.00	Highest	$164,175	$62,391	$226,566
AARON HANSEN	LINE FOREMAN	53.00	Highest	$167,893	$45,981	$213,874
BRET HOPKINS	LINE FOREMAN	52.00	Highest	$160,541	$45,880	$206,421
ANDREW POLLEY	LINE FOREMAN	55.00	Highest	$173,713	$49,285	$222,998

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	$117,076,557	$116,042,872	$327,147,569	$1,033,685
2023	$108,161,597	$109,667,794	$319,263,013	$-1,506,197
2022	$101,798,961	$103,258,141	$299,011,194	$-1,459,180
2021	$92,514,436	$94,670,039	$273,130,010	$-2,155,603
2020	$88,462,457	$88,823,086	$245,308,868	$-360,629
2019	$88,003,007	$89,547,488	$221,096,480	$-1,544,481
2018	$87,670,851	$87,937,424	$189,437,128	$-266,573

SOUTH CENTRAL INDIANA RURAL ELECTRIC MEMBERSHIP CORPORATION