EMPIRE DISTRICT CO EMPLOYEE BENEFIT FUND (EIN 431716462) - 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

1994

Legal Domicile

Principal Officer

JENNIFER SHEWMAKE

Phone

9133190380

Tax Period

2023-01-01 to 2023-12-31

EMPIRE DISTRICT CO EMPLOYEE BENEFIT FUND, founded in 1994, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Net assets of $69.0M represent 186 months of operating reserves.

Mission

BENEFITS FOR RETIRED EMPLOYEES OF THE EMPIRE DISTRICT ELECTRIC COMPANY

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,988,336

Investment Income $468,339

Other Revenue $0

TOTAL REVENUE $4,456,675

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,841

Fundraising Expenses $0

Other Expenses $1,221,825

TOTAL EXPENSES $4,675,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,456,675	$6,451,405	-0.3%
Expenses	$4,675,407	$4,174,679	+0.1%
Net Income	$-218,732	$2,276,726	-1.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE	1.00		$20,841	$0	$41,579
JENNIFER SHEWMAKE	AUTHORIZED OFFICER	0.00	Officer	$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
2024	No data	No data	No data	No data
2023	$4,456,675	$4,675,407	$69,034,727	$-218,732
2022	$6,451,405	$4,174,679	$60,969,525	$2,276,726
2021	$7,131,220	$2,712,368	$70,949,726	$4,418,852
2020	$2,265,230	$2,458,748	$63,865,329	$-193,518

EMPIRE DISTRICT CO EMPLOYEE BENEFIT FUND