MARLBORO ELECTRIC COOPERATIVE INC (EIN 570204115) - 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

Phone

8434793855

Tax Period

2023-01-01 to 2023-11-10

MARLBORO ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $77.3M in total revenue in fiscal year 2023.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,531,641

Investment Income $157,063

Other Revenue $594,397

TOTAL REVENUE $77,283,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $69,740,375

Other Expenses $69,740,375

TOTAL EXPENSES $78,179,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,283,101	$78,601,633	0.0%
Expenses	$78,179,445	$78,601,633	0.0%
Net Income	$-896,344	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

N/A

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

$83,320

Total Directors

$187,620

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAM P MCINNIS JR	CHAIRMAN	10.00	Officer Director	$31,963	$0	$31,963
JOHN M ALFORD	VICE CHAIRMA	10.00	Officer Director	$18,000	$0	$18,000
DONALD J QUICK	SEC./TREASUR	10.00	Officer Director	$33,357	$0	$33,357
WILLIAM M CARABO	TRUSTEE	10.00	Director	$18,000	$0	$18,000
JANELLE C SAULS	TRUSTEE	10.00	Director	$18,000	$0	$18,000
CHARLES R SMITH	TRUSTEE	10.00	Director	$18,000	$0	$18,000
WILLIAM R QUICK	TRUSTEE	10.00	Director	$18,000	$0	$18,000
EDGAR M GORDON	TRUSTEE	10.00	Director	$19,700	$0	$19,700
JAMES T GRANT	TRUSTEE	10.00	Director	$12,600	$0	$12,600
N/A	PRES CEO MEC	N/A	Officer	$0	$0	$0
N/A	CFO	N/A	Officer	$0	$0	$0
N/A	COUNSEL	N/A	Officer	$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
2023	$77,283,101	$78,179,445	No data	$-896,344
2022	$78,601,633	$78,601,633	$61,965,367	No data
2021	$75,330,397	$72,759,245	$90,877,011	$2,571,152
2020	$71,184,446	$70,782,896	$94,217,420	$401,550
2019	$75,090,390	$75,991,861	$86,991,313	$-901,471

MARLBORO ELECTRIC COOPERATIVE INC