YORK ELECTRIC COOPERATIVE INC (EIN 570274084) - 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

1941

Legal Domicile

Principal Officer

J CRAIG SPENCER

Phone

8036844247

Tax Period

2023-01-01 to 2023-12-31

YORK ELECTRIC COOPERATIVE INC, founded in 1941, is a major nonprofit that reported $141.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE UNSURPASSED INNOVATIVE AND DIVERSIFIED SERVICE AT A REASONABLE COST WHILE IMPROVING THE QUALITY OF LIFE AND PROMOTING INTEGRITY, ECONOMIC DEVELOPMENT, SAFETY AND A VISION OF THE FUTURE.

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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 $140,925,337

Investment Income $305,463

Other Revenue $0

TOTAL REVENUE $141,230,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $660,273

Fundraising Expenses $0

Other Expenses $132,691,390

TOTAL EXPENSES $141,230,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,230,800	$136,652,507	+0.0%
Expenses	$141,230,800	$136,652,507	+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

137

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

$509,731

Total Directors

$232,807

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E PAUL BASHA	PRESIDENT &	50.00	Officer	$382,362	$45,114	$427,476
R MARCUS HOWIE	VP OF GOV RE	40.00	Highest	$182,407	$91,811	$274,218
J CRAIG SPENCER	VP OF ENGINE	40.00	Highest	$208,583	$53,223	$261,806
JAMES SALMON	VP OF INFO.	40.00	Highest	$155,907	$80,995	$236,902
PATRICIA MOSS	VP OF HUMAN	40.00	Highest	$149,817	$78,400	$228,217
W PHILLIP LEAKE	VP OF OPERAT	40.00	Highest	$149,559	$74,099	$223,658
WILLIAM MITCHELL	TRUSTEE	4.00	Director	$40,079	$0	$40,079
SCOTT GOOD	TRUSTEE	4.00	Director	$39,729	$0	$39,729
RICHARD SADLER	VICE CHAIRMA	5.00	Officer Director	$39,029	$0	$39,029
TOMMIE BRATTON	TRUSTEE	4.00	Director	$31,185	$0	$31,185
CAROLYN BOYD	SECRETARY/TR	5.00	Officer Director	$22,353	$0	$22,353
TOM SETTLEMYRE	CHAIRMAN	6.00	Officer Director	$20,873	$0	$20,873
EDWARD JACK CORNWELL	TRUSTEE	4.00	Director	$16,268	$0	$16,268
RICHARD ROACH	TRUSTEE	4.00	Director	$13,823	$0	$13,823
MARION COMER	TRUSTEE	4.00	Director	$9,468	$0	$9,468

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	No data	No data	No data	No data
2023	$141,230,800	$141,230,800	$254,106,046	No data
2022	$136,652,507	$136,652,507	$252,077,799	No data
2021	$132,392,701	$132,392,701	$238,323,188	No data
2020	$128,825,195	$128,825,195	$227,500,963	No data
2019	$130,737,382	$130,737,382	$225,046,324	No data
2018	$127,940,953	$127,940,953	$195,854,668	No data

YORK ELECTRIC COOPERATIVE INC