WELCH GAS COOPERATIVE ASSOC INC (EIN 550517048) - 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

1969

Legal Domicile

Principal Officer

RONNIE CLEMINS

Phone

3044363295

Tax Period

2024-07-01 to 2025-06-30

WELCH GAS COOPERATIVE ASSOC INC, founded in 1969, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2024. Net assets of $3.6M represent 35 months of operating reserves.

Mission

TO ENGAGE IN ANY ACTIVITY IN CONNECTION WITH OBTAINING AND SUPPLYING NATURAL GAS FOR THE MEMBERS OF THIS ASSOCIATION AND TO THAT END TO ENGAGE IN THE PRODUCTION, PURCHASING, AND DISTRIBUTION OF NATURAL GAS TO CONSTRUCT, MAINTAIN, OPERATE, AND ACQUIRE GAS TRANSMISSION LINES IN THE CITY OF WELCH AND NEARBY AREAS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,233,059

Investment Income $2,480

Other Revenue $0

TOTAL REVENUE $1,235,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $625,882

Fundraising Expenses $0

Program Expenses $1,154,928

Other Expenses $632,743

TOTAL EXPENSES $1,258,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,235,539	$1,210,612	+0.0%
Expenses	$1,258,625	$1,027,802	+0.2%
Net Income	$-23,086	$182,810	-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

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

Total Directors

Key Employees

$58,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE CLEMINS	PRESIDENT	040.00	Key Emp Highest	$58,500	$0	$58,500
DANNY THORNSBURY	VICE PRESIDENT	001.00	Director	$0	$0	$0
LINDA DOUGLAS	DIRECTOR	001.00	Director	$0	$0	$0
DONNA CHINSOLO	DIRECTOR	001.00	Director	$0	$0	$0
SCOTT LONG	DIRECTOR	001.00	Director	$0	$0	$0
MICHAEL CROUSE	DIRECTOR	001.00	Director	$0	$0	$0
MICHAEL EVANS	DIRECTOR	001.00	Director	$0	$0	$0
JAMES MCGRAW	DIRECTOR	001.00	Director	$0	$0	$0
DANA LAXTON	SECRETARY/TREAS	001.00	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	$1,235,539	$1,258,625	$3,701,988	$-23,086
2024	$1,210,612	$1,027,802	$3,528,094	$182,810
2023	$1,267,757	$1,269,789	$3,199,742	$-2,032
2022	$1,262,531	$1,200,573	$3,101,410	$61,958
2021	$1,250,197	$1,065,401	$3,124,272	$184,796

WELCH GAS COOPERATIVE ASSOC INC