VIRGINIA MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES (EIN 540553861) - 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

1944

Legal Domicile

Principal Officer

BRIAN MOSIER

Phone

8043463344

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES, founded in 1944, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2018. Expenses of $7.1M left a modest 4% surplus.

Mission

TRADE ASSOCIATION FOR ELECTRIC COOPERATIVES

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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 $9,565,649

Investment Income $12,149

Other Revenue $21,780

TOTAL REVENUE $9,599,578

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,802,671

Fundraising Expenses $0

Other Expenses $5,076,248

TOTAL EXPENSES $9,878,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,599,578	$9,136,331	+0.1%
Expenses	$9,878,919	$9,019,867	+0.1%
Net Income	$-279,341	$116,464	-3.4%

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

$656,965

Total Directors

$36,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF AHEARN	BOARD MEMBER	2.00	Director	$0	$0	$0
ROBERT E ARNOLD	BOARD MEMBER - ENDED 4/24	2.00	Director	$600	$0	$600
FRANK BACON	BOARD MEMBER	2.00	Director	$2,400	$0	$2,400
ROB BOOK	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRIS BOTT	BOARD MEMBER	2.00	Director	$2,800	$0	$2,800
RUSSELL G BROWN	BOARD MEMBER	2.00	Director	$3,800	$0	$3,800
BILL BUCHANAN	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD COPPOCK	BOARD MEMBER	2.00	Director	$0	$0	$0
SONJA COX	BOARD MEMBER	2.00	Director	$0	$0	$0
PATRICIA DOREY	BOARD MEMBER	4.00	Director	$3,000	$0	$3,000
JEANNETTE EVERETT	BOARD MEMBER	2.00	Director	$2,200	$0	$2,200
GEORGE GOIN	SECRETARY-TREASURER	4.00	Officer Director	$3,400	$0	$3,400
STEVE HARMON	BOARD MEMBER	2.00	Director	$0	$0	$0
JOHN HEWA	BOARD MEMBER	2.00	Director	$0	$0	$0
BRAD HICKS	BOARD MEMBER	2.00	Director	$0	$0	$0
WADE HOUSE	CHAIR	2.00	Officer Director	$2,000	$0	$2,000
JAMES HUFFMAN	BOARD MEMBER	4.00	Director	$3,000	$0	$3,000
FLETCHER JONES	BOARD MEMBER	4.00	Director	$1,800	$0	$1,800
JOHN C LEE JR	BOARD MEMBER - ENDED 6/24	3.50	Director	$0	$0	$0
JASON LOEHR	BOARD MEMBER	2.00	Director	$0	$0	$0
CASEY LOGAN	BOARD MEMBER - STARTED 7/24	2.00	Director	$0	$0	$0
MIKE MALANDRO	BOARD MEMBER	2.00	Director	$0	$0	$0
HERBERT PATRICK	BOARD MEMBER	2.00	Director	$2,000	$0	$2,000
SANFORD REEVES	BOARD MEMBER	2.00	Director	$1,400	$0	$1,400
GREG ROGERS	BOARD MEMBER	2.00	Director	$0	$0	$0
C MICHAEL SANDRIDGE	VICE CHAIR	2.00	Officer Director	$3,200	$0	$3,200
DAVE SCHLEICHER	BOARD MEMBER	2.00	Director	$0	$0	$0
LENA SHORT	BOARD MEMBER - STARTED 1/24	2.00	Director	$200	$0	$200
ROBERT THOMPSON	BOARD MEMBER - STARTED 7/24	2.00	Director	$1,000	$0	$1,000
TODD VAN HORN	BOARD MEMBER	2.00	Director	$1,600	$0	$1,600
SCOTT WHITE	BOARD MEMBER	2.00	Director	$2,200	$0	$2,200
BUTCH WILLIAMSON	BOARD MEMBER	2.00	Director	$0	$0	$0
GARY WOOD	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAT YELLEPEDDI	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIAN MOSIER	PRESIDENT & CEO	40.00	Officer	$350,711	$297,654	$648,365
SAMUEL BRUMBERG	VP & GENERAL COUNSEL	40.00	Highest	$179,750	$108,108	$287,858
ANDREW VEHORN	VP GOV'T AFFAIRS - ENDED 12/24	40.00	Highest	$200,583	$120,339	$320,922
ALAN W SCRUGGS	VP SAFETY & TRAINING SE	40.00	Highest	$164,107	$94,526	$258,633
JACOB NEWTON	INTERIM VP	40.00	Highest	$139,634	$72,864	$212,498

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	$9,599,578	$9,878,919	$4,204,927	$-279,341
2023	$9,136,331	$9,019,867	$4,680,572	$116,464
2022	$7,669,746	$8,053,597	$4,232,569	$-383,851
2021	$7,911,064	$7,345,070	$4,896,321	$565,994
2020	$7,203,169	$7,343,777	$4,527,090	$-140,608
2019	$7,767,241	$7,708,301	$5,018,138	$58,940
2018	$7,393,753	$7,122,121	$5,138,426	$271,632

VIRGINIA MARYLAND AND DELAWARE ASSOCIATION OF ELECTRIC COOPERATIVES