Boone Electric Community Trust (EIN 431790785) - 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

1997

Legal Domicile

Principal Officer

Kelly Sharp

Phone

5734494181

Tax Period

2025-01-01 to 2025-12-31

Boone Electric Community Trust, founded in 1997, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $257K in total revenue in fiscal year 2025. Revenue decreased 12% compared to the prior year. Expenses of $336K exceeded revenue, resulting in a 31% operating deficit.

Mission

Provide grants for economic, youth, rural development, education, health and research

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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 (2025)

Revenue Breakdown

Contributions & Grants $235,059

Program Service Revenue $0

Investment Income $18,671

Other Revenue $3,528

TOTAL REVENUE $257,258

Expense Breakdown

Grants Paid $335,637

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,771

Other Expenses $134

TOTAL EXPENSES $335,771

Year-over-Year Comparison

	2025	2024	Change
Revenue	$257,258	$292,960	-0.1%
Expenses	$335,771	$272,695	+0.2%
Net Income	$-78,513	$20,265	-4.9%

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

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
Kelly Sharp	Chair Person	3.00	Officer Director	$0	$0	$0
Craig Stevenson	Vice Chair	3.00	Officer Director	$0	$0	$0
Bill Watkins	Treasurer	3.00	Officer Director	$0	$0	$0
Amanda Wooden	Secretary	3.00	Officer Director	$0	$0	$0
Kim Stichnote	Director	3.00	Director	$0	$0	$0
Bev Steelman	Director	3.00	Director	$0	$0	$0
Jan Verslues	Director	3.00	Director	$0	$0	$0
Cassandra Vinson	Director	3.00	Director	$0	$0	$0
Linda Reed Brown	Director	3.00	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	$257,258	$335,771	$632,314	$-78,513
2024	$292,960	$272,695	$709,160	$20,265
2023	$123,575	$317,845	$687,228	$-194,270
2022	$287,761	$186,956	$879,832	$100,805
2021	$299,463	$304,980	$779,027	$-5,517
2020	$262,345	$242,759	$782,844	$19,586
2019	$220,398	$206,765	$758,291	$13,633
2018	$290,847	$193,494	$744,658	$97,353

Boone Electric Community Trust