CAROLINA UTILITY CUSTOMERS ASSOCIATION INC (EIN 561362317) - 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

1983

Legal Domicile

Principal Officer

KEVIN MARTIN

Phone

9192122880

Tax Period

2023-01-01 to 2023-12-31

CAROLINA UTILITY CUSTOMERS ASSOCIATION INC, founded in 1983, is a small nonprofit that reported $438K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

THE ASSOCIATION PARTICIPATES IN JUDICIAL AND ADMINISTRATIVE ACTIONS AND PROCEEDINGS INVOLVING UTILITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $435,389

Program Service Revenue $0

Investment Income $2,219

Other Revenue $0

TOTAL REVENUE $437,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $170,314

Fundraising Expenses $0

Other Expenses $304,315

TOTAL EXPENSES $474,629

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,608	$462,721	-0.1%
Expenses	$474,629	$410,946	+0.2%
Net Income	$-37,021	$51,775	-1.7%

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

$119,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MARTIN	EXECUTIVE DIRECTOR/BOARD SECRETARY	50.00	Officer	$119,400	$0	$119,400
DAVID J LYONS	BOARD CHAIR	3.00	Director	$0	$0	$0
LINDA N CHIRICO	MEMBER	3.00	Director	$0	$0	$0
JOHN E FARMER	MEMBER	3.00	Director	$0	$0	$0
SEAN M FINSEL	MEMBER	3.00	Director	$0	$0	$0
SCOTT VALLANDINGHAM	MEMBER	3.00	Director	$0	$0	$0
M JAY FLANARY	MEMBER	3.00	Director	$0	$0	$0
KOBUS DE WET	MEMBER	3.00	Director	$0	$0	$0
MATTHEW FLOWERS	MEMBER	3.00	Director	$0	$0	$0
KATIE OTTENWELLER	MEMBER	3.00	Director	$0	$0	$0
JOE LYNE	MEMBER	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
2024	No data	No data	No data	No data
2023	$437,608	$474,629	$437,324	$-37,021
2022	$462,721	$410,946	$477,066	$51,775
2021	$376,230	$405,182	$491,995	$-28,952
2020	$399,558	$413,603	$540,436	$-14,045
2019	$468,320	$382,962	$299,537	$85,358
2018	$385,475	$374,207	$207,738	$11,268

CAROLINA UTILITY CUSTOMERS ASSOCIATION INC