LITTLE RIVER ELECTRIC COOPERATIVE INC

EIN: 570199889

ABBEVILLE, SC

Total Revenue
$39,237,867
Total Expenses
$39,012,429
Total Assets
$87,262,927
Net Assets
$32,322,734
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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
SC
Principal Officer
CHAD STONE
Phone
8643662141
Tax Period
2025-01-01 to 2025-12-31

LITTLE RIVER ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $39.2M in total revenue in fiscal year 2025. Revenue grew 15% 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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $39,037,066
Investment Income $200,801
Other Revenue $0
TOTAL REVENUE $39,237,867

Expense Breakdown

Grants Paid $0
Salaries & Benefits $498,687
Fundraising Expenses $0
Other Expenses $33,930,061
TOTAL EXPENSES $39,012,429

Year-over-Year Comparison

2025 2024 Change
Revenue $39,237,867 $34,226,448 +0.1%
Expenses $39,012,429 $33,911,716 +0.2%
Net Income $225,438 $314,732 -0.3%
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

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Governance

Voting Members
7
Independent Members
7
Employees
35
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
4
$444,237
Total Directors
8
$110,700
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRAVIS BURRISS PRESIDENT 11.85
Officer Director
$20,250 $0 $20,250
TERRY RICKETTS VICE PRESIDE 11.31
Officer Director
$19,800 $0 $19,800
PATSY WILSON SECRETARY/TR 11.54
Officer Director
$16,200 $0 $16,200
WAYNE ERWIN TRUSTEE 10.19
Director
$16,650 $0 $16,650
MICHAEL JOHNSON TRUSTEE: JAN 1.38
Director
$4,050 $0 $4,050
MIKE PRICE TRUSTEE 2.31
Director
$6,750 $0 $6,750
SANDY CAMPBELL TRUSTEE 8.62
Director
$23,400 $0 $23,400
JESSIE HAMMONDS TRUSTEE: SEP 0.62
Director
$3,600 $0 $3,600
CHAD STONE CEO 50.00
Officer
$313,060 $74,927 $387,987
STEPHEN BUSBEE OPERATION SE 50.00
Highest
$122,068 $46,954 $169,022
BRET TIMMERMAN ROW & LINE I 50.00
Highest
$123,101 $51,474 $174,575
MICHAEL HALL VP OF ENG. S 50.00
Highest
$136,629 $42,286 $178,915
STEVEN HUGHES VP OF OPERAT 50.00
Highest
$146,861 $47,416 $194,277
TECIE NEW VP OF FIN. & 50.00
Highest
$147,083 $48,980 $196,063
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 $39,237,867 $39,012,429 $87,262,927 $225,438
2024 $34,226,448 $33,911,716 $80,487,337 $314,732
2023 $31,636,479 $31,446,880 $73,327,127 $189,599
2022 $31,592,526 $31,498,857 $75,142,433 $93,669
2021 $30,444,583 $29,714,120 $70,450,440 $730,463
2020 $28,388,872 $28,325,551 $70,741,719 $63,321
2019 $29,448,983 $29,219,082 $68,638,782 $229,901
2018 $30,182,291 $30,006,338 $68,465,268 $175,953
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