HORRY ELECTRIC COOPERATIVE INC (EIN 570184136) - 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

J REED COOPER

Phone

8433692211

Tax Period

2025-01-01 to 2025-12-31

HORRY ELECTRIC COOPERATIVE INC, founded in 1940, is a major nonprofit in the Public & Societal Benefit sector that reported $220.6M in total revenue in fiscal year 2025.

Mission

HORRY ELECTRIC COOPERATIVE, INC. IS A NON-PROFIT, MEMBER-OWNED ORGANIZATION PROVIDING INFORMATION AND ENERGY-RELATED SERVICES ON A FAIR AND EQUITABLE BASIS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $213,909,593

Investment Income $1,677,926

Other Revenue $5,022,844

TOTAL REVENUE $220,610,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,059,495

Fundraising Expenses $0

Other Expenses $206,019,893

TOTAL EXPENSES $220,610,363

Year-over-Year Comparison

	2025	2024	Change
Revenue	$220,610,363	$215,739,609	+0.0%
Expenses	$220,610,363	$215,739,609	+0.0%
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

198

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

$897,151

Total Directors

$234,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNY SHELLEY	PRESIDENT	10.85	Officer Director	$18,727	$0	$18,727
EUGENE HARRIOTT JR	VICE PRESIDE	12.31	Officer Director	$34,355	$0	$34,355
ELAINE GORE	SEC/TREASURE	9.69	Officer Director	$18,682	$0	$18,682
FREDDY THOMPKINS	TRUSTEE	9.31	Director	$27,523	$0	$27,523
FRANKIE BLANTON SR	TRUSTEE	10.73	Director	$25,386	$0	$25,386
RONALD H FLOYD	TRUSTEE	11.67	Director	$29,634	$0	$29,634
AARON JOHNSON	TRUSTEE	12.12	Director	$23,437	$0	$23,437
JODY PRINCE	TRUSTEE	9.15	Director	$20,994	$0	$20,994
DEBORAH GIVENS	TRUSTEE	10.88	Director	$32,081	$0	$32,081
CLYDE ASHLEY ANDERSON	TRUSTEE	6.80	Director	$3,289	$0	$3,289
J REED COOPER	CEO - (INCOM	50.00	Officer	$276,234	$139,794	$416,028
DANIEL B SHELLEY	CEO - (OUTGO	50.00	Officer	$397,423	$11,936	$409,359
JAMES P HOWLE	FORMER CEO	N/A		$154,913	$0	$154,913
KISHA ROBERTS	CFO	50.00	Highest	$205,671	$120,476	$326,147
BURROUGHS W NOBLES	MANAGER OF O	50.00	Highest	$200,121	$118,402	$318,523
CHRISTOPHER TEEMS	MGR-SPECIAL	50.00	Highest	$198,635	$117,353	$315,988
KEVIN JORDAN	SUPVR ENGINE	50.00	Highest	$204,856	$114,646	$319,502
JODI JORDAN	OFFICE MANAG	50.00	Highest	$191,474	$114,446	$305,920

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	$220,610,363	$220,610,363	$516,391,266	No data
2024	No data	No data	No data	No data
2023	$203,480,097	$203,480,097	$459,257,637	No data
2022	$183,800,746	$183,800,746	$437,222,676	No data
2022	$183,800,746	$183,800,746	$437,222,676	No data
2021	$174,982,022	$174,982,022	$401,901,252	No data
2020	$170,342,849	$170,342,849	$365,534,006	No data
2019	$173,828,705	$173,828,705	$335,498,328	No data
2018	$180,090,688	$180,090,688	$318,634,805	No data

HORRY ELECTRIC COOPERATIVE INC