PEE DEE ELECTRIC COOPERATIVE INC

EIN: 570223728

FLORENCE, SC

Total Revenue
$76,610,172
Total Expenses
$77,306,139
Total Assets
N/A
Net Assets
N/A
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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
SC
Principal Officer
WILLIAM L FLEMING JR
Phone
8436654070
Tax Period
2023-01-01 to 2023-11-10

PEE DEE ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $76.6M in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring.

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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $79,102,875
Investment Income $94,654
Other Revenue $-2,587,357
TOTAL REVENUE $76,610,172

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $77,306,139
Other Expenses $75,260,545
TOTAL EXPENSES $77,306,139

Year-over-Year Comparison

2023 2022 Change
Revenue $76,610,172 $97,590,031 -0.2%
Expenses $77,306,139 $96,608,403 -0.2%
Net Income $-695,967 $981,628 -1.7%
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
10
Independent Members
10
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
5
$67,200
Total Directors
10
$200,958
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES A GOODSON JR CHAIRMAN 10.00
Officer Director
$18,000 $0 $18,000
PRESTON GAINEY VICE CHAIR ( 10.00
Officer Director
$18,000 $0 $18,000
FREDERICK LASHON SELLERS VICE CHAIR ( 10.00
Officer Director
$18,000 $0 $18,000
PATRICIA THOMAS-TONEY SEC./TREAS 10.00
Officer Director
$13,200 $0 $13,200
DAVID HOWELL TRUSTEE 10.00
Director
$27,727 $0 $27,727
ROBERT NORTON TRUSTEE 10.00
Director
$18,000 $0 $18,000
HAMER PARNELL TRUSTEE 10.00
Director
$18,000 $0 $18,000
WILLIAM F ROGERS JR TRUSTEE 10.00
Director
$18,850 $0 $18,850
DON TEAL TRUSTEE 10.00
Director
$18,000 $0 $18,000
LEE WHITE TRUSTEE 10.00
Director
$33,181 $0 $33,181
WILLIAM L FLEMING JR CEO,EMP MPD( 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 $76,610,172 $77,306,139 No data $-695,967
2022 $97,590,031 $96,608,403 $120,633,873 $981,628
2021 $94,464,000 $92,779,085 $181,919,242 $1,684,915
2020 $82,592,809 $82,592,809 $173,569,454 No data
2019 $86,449,654 $86,449,654 $172,210,910 No data
2018 $86,663,514 $86,663,514 $165,656,949 No data
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