AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TRUST (EIN 510520207) - 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

2004

Legal Domicile

Principal Officer

TODD PAYNE

Phone

7062535200

Tax Period

2025-01-01 to 2025-12-31

AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TRUST, founded in 2004, is a community nonprofit in the Mutual Benefit sector that reported $2.4M in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 69% operating margin.

Mission

TO PROVIDE CERTAIN RETIREE HEALTH BENEFITS FOR THOSE EMPLOYEES OF AMICALOLA ELECTRIC MEMBERSHIP CORPORATION (AMICALOLA EMC) COVERED BY AMICALOLA EMC'S POSTRETIREMENT HEALTHCARE PLAN.

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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 $0

Program Service Revenue $638,537

Investment Income $1,498,603

Other Revenue $259,215

TOTAL REVENUE $2,396,355

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,975

Fundraising Expenses $0

Program Expenses $753,512

Other Expenses $0

TOTAL EXPENSES $753,512

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,396,355	$1,727,269	+0.4%
Expenses	$753,512	$711,103	+0.1%
Net Income	$1,642,843	$1,016,166	+0.6%

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
REGIONS MORGAN KEEGAN TRUST	TRUSTEE	2.00		$114,975	$0	$114,975

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	$2,396,355	$753,512	$22,766,081	$1,642,843
2024	No data	No data	No data	No data
2023	$2,039,925	$583,667	$20,107,073	$1,456,258
2022	$-2,430,316	$570,710	$18,650,815	$-3,001,026
2021	$1,558,728	$633,209	$21,651,841	$925,519
2020	$2,233,240	$455,257	$20,726,322	$1,777,983
2019	$2,993,224	$732,386	$18,948,339	$2,260,838
2018	$464,078	$1,395,161	$16,687,501	$-931,083

AMICALOLA ELECTRIC MEMBERSHIP CORPORATION VEBA TRUST