EDISTO ELECTRIC COOPERATIVE INC (EIN 570158355) - 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

1939

Legal Domicile

Principal Officer

DAVID E FELKEL

Phone

8032455141

Tax Period

2024-01-01 to 2024-12-31

EDISTO ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $61.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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 $60,363,461

Investment Income $1,161,180

Other Revenue $0

TOTAL REVENUE $61,524,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $775,310

Fundraising Expenses $0

Other Expenses $57,360,629

TOTAL EXPENSES $61,524,641

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,524,641	$56,517,224	+0.1%
Expenses	$61,524,641	$56,517,224	+0.1%
Net Income	$0	N/A	N/A

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

$539,119

Total Directors

$283,831

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID E FELKEL	PRESIDENT &	50.00	Officer	$332,678	$158,801	$491,479
LAWRENCE C SMOAK III	VP OF OPERAT	40.00	Highest	$179,324	$99,058	$278,382
DANIEL C EUBANKS	VP OF ENGINE	40.00	Highest	$170,096	$95,948	$266,044
ROBERT D BESSINGER	VP OF FINANC	40.00	Highest	$160,926	$88,565	$249,491
BRIAN C HEFNER	VP OF MEMBER	40.00	Highest	$151,487	$88,058	$239,545
MICHAEL C KINARD	OPS. SUPERVI	40.00	Highest	$126,379	$79,570	$205,949
JACK G VALLENTINE III	TRUSTEE	3.00	Director	$42,328	$0	$42,328
CHRISTOPHER P SANDIFER	TRUSTEE	2.00	Director	$38,595	$0	$38,595
N/A	CHAIRMAN	4.00	Officer Director	$38,210	$0	$38,210
MICHAEL T HOLLINGSWORTH	TRUSTEE	2.00	Director	$38,167	$0	$38,167
ERVIN M MATHIAS III	TRUSTEE	2.00	Director	$37,981	$0	$37,981
STANLEY M FUNCHESS	TRUSTEE	2.00	Director	$37,081	$0	$37,081
MARY F NIMMONS	TRUSTEE	2.00	Director	$25,310	$0	$25,310
F PICKENS WILLIAMS	SEC./TREASUR	3.00	Director	$9,774	$0	$9,774
R WAYNE WELCH	VICE CHAIRMA	3.00	Officer Director	$9,430	$0	$9,430
TRAVIS OWENS BURBAGE	TRUSTEE	2.00	Director	$6,955	$0	$6,955

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	$61,524,641	$61,524,641	$169,192,038	No data
2023	$56,517,224	$56,517,224	$117,150,452	No data
2022	$54,032,743	$54,032,743	$118,264,291	No data
2021	$52,005,437	$52,005,437	$119,528,672	No data
2020	$49,994,273	$49,994,273	$121,010,850	No data
2019	$50,680,800	$50,680,800	$109,485,919	No data
2018	$50,654,587	$50,654,587	$98,471,631	No data

EDISTO ELECTRIC COOPERATIVE INC