BROAD RIVER ELECTRIC COOPERATIVE INC (EIN 570128696) - 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

1940

Legal Domicile

Principal Officer

TERRY W MALLARD

Phone

8644895737

Tax Period

2023-01-01 to 2023-12-31

BROAD RIVER ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $56.2M in total revenue in fiscal year 2023.

Mission

YOUR COOPERATIVE IS COMMITTED TO THE PROVISION OF SAFE, RELIABLE AND REASONABLY PRICED ELECTRIC AND OTHER ENERGY RELATED SERVICES WHILE IMPROVING THE COMMUNITIES WE SERVE.

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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 $0

Program Service Revenue $56,116,340

Investment Income $115,854

Other Revenue $4,121

TOTAL REVENUE $56,236,315

Expense Breakdown

Grants Paid $0

Salaries & Benefits $976,509

Fundraising Expenses $0

Other Expenses $54,891,487

TOTAL EXPENSES $56,298,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$56,236,315	$56,431,065	0.0%
Expenses	$56,298,661	$56,571,901	0.0%
Net Income	$-62,346	$-140,836	-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

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

$863,060

Total Directors

$177,120

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRY W MALLARD	PRESIDENT &	50.00	Officer	$652,340	$146,779	$799,119
CARY JOHNSON	COO	40.00	Highest	$160,079	$78,455	$238,534
JOHN B FOWLER	VP-MEMBER SE	40.00	Highest	$138,117	$70,026	$208,143
JEFFERY S HUMPHRIES	VP-EXTERNAL	40.00	Highest	$128,037	$67,708	$195,745
ANDREW ALLSBROOK	VP-ENGINEERI	40.00	Highest	$129,680	$49,669	$179,349
NORRIS R FOWLER	CHAIRMAN	15.00	Officer Director	$24,463	$0	$24,463
BOBBY FOSTER	TRUSTEE	6.00	Director	$19,739	$0	$19,739
DECOLE GALLMAN	SEC/TREAS	6.00	Officer Director	$19,739	$0	$19,739
E DEWITT MCCRAW	TRUSTEE	6.00	Director	$19,739	$0	$19,739
KEVIN MOSS	TRUSTEE	6.00	Director	$19,739	$0	$19,739
MARK PATTERSON	TRUSTEE	6.00	Director	$19,739	$0	$19,739
ANITA P WHITNEY	VICE CHAIRMA	8.00	Officer Director	$19,739	$0	$19,739
WILLIAM PEELER	TRUSTEE	6.00	Director	$19,707	$0	$19,707
R WAYNE WEST	TRUSTEE	3.00	Director	$7,936	$0	$7,936
WILLIAM ERIC WEST	TRUSTEE	3.00	Director	$6,580	$0	$6,580

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	$56,236,315	$56,298,661	$150,291,473	$-62,346
2022	$56,431,065	$56,571,901	$143,703,578	$-140,836
2021	$54,952,591	$54,061,373	$130,407,724	$891,218
2020	$51,857,121	$51,857,121	$128,066,587	No data
2019	$53,801,845	$53,801,845	$116,957,976	No data
2018	$54,849,942	$54,849,942	$120,187,401	No data

BROAD RIVER ELECTRIC COOPERATIVE INC