UNION COUNTY ELECTRIC COOPERATIVE INC (EIN 460200495) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

DON SCHURDEVIN

Phone

6053563395

Tax Period

2024-01-01 to 2024-12-31

UNION COUNTY ELECTRIC COOPERATIVE INC, founded in 1937, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2018.

Mission

PROVIDING HIGH VALUE ENERGY TO MEMBERS - ELECTRIC DISTRIBUTION UTILITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,794,264

Investment Income $40,672

Other Revenue $-22,820

TOTAL REVENUE $4,812,116

Expense Breakdown

Grants Paid $15,690

Salaries & Benefits $1,151,848

Fundraising Expenses $0

Other Expenses $3,611,656

TOTAL EXPENSES $4,779,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,812,116	$4,831,523	0.0%
Expenses	$4,779,194	$4,831,523	0.0%
Net Income	$32,922	$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

$223,560

Total Directors

$23,005

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON SCHURDEVIN	PRESIDENT	5.00	Officer Director	$3,877	$0	$3,877
WILLIAM DAILEY	VICE PRESIDENT	3.00	Officer Director	$4,450	$0	$4,450
EDWARD DONNELLY	SECRETARY	2.00	Officer Director	$4,200	$0	$4,200
PAUL PEACOCK	TREASURER	2.00	Officer Director	$5,200	$0	$5,200
JOHN GIORGIO	DIRECTOR (UNTIL MAR 2024)	2.00	Director	$1,409	$0	$1,409
DOYLE KARPEN	DIRECTOR (BEG APR 2024)	5.00	Director	$3,869	$0	$3,869
MATT KLEIN	GENERAL MANAGER	45.00	Officer	$157,115	$48,718	$205,833
KORY FRANK	OPERATIONS MANAGER	40.00	Highest	$101,364	$42,752	$144,116

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	$4,812,116	$4,779,194	$20,453,740	$32,922
2023	$4,831,523	$4,831,523	$19,290,745	No data
2022	$4,946,083	$4,946,083	$18,637,020	No data
2021	$4,603,545	$4,603,545	$14,839,225	No data
2020	$4,507,193	$4,540,873	$13,787,327	$-33,680
2019	$4,502,622	$4,502,622	$13,589,593	No data
2018	$4,639,180	$4,639,180	$13,090,082	No data

UNION COUNTY ELECTRIC COOPERATIVE INC