ELECTRIC COOPERATIVES OF SOUTH CAROLINA (EIN 570308664) - 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

ANN WESTBROOK

Phone

8037966060

Tax Period

2025-01-01 to 2025-12-31

ELECTRIC COOPERATIVES OF SOUTH CAROLINA, founded in 1941, is a mid-sized nonprofit that reported $24.4M in total revenue in fiscal year 2025. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.2M, a strong 46% operating margin.

Mission

TO ASSIST MEMBERS OF THE CORPORATION IN PROVIDING ELECTRIC ENERGY TO CONSUMERS IN THE MEMBERS' SERVICE AREAS.

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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 $10,950,000

Program Service Revenue $12,083,164

Investment Income $-26,869

Other Revenue $1,374,414

TOTAL REVENUE $24,380,709

Expense Breakdown

Grants Paid $0

Salaries & Benefits $780,322

Fundraising Expenses $0

Other Expenses $12,385,637

TOTAL EXPENSES $13,165,959

Year-over-Year Comparison

	2025	2024	Change
Revenue	$24,380,709	$14,154,653	+0.7%
Expenses	$13,165,959	$13,595,621	0.0%
Net Income	$11,214,750	$559,032	+19.1%

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

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

$780,322

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COUICK	PRESIDENT &	50.00	Officer	$446,504	$108,214	$554,718
CHRIS KOON	SR VP-GEN CO	50.00	Highest	$284,074	$132,482	$416,556
JOHN FRICK	SR VP-PUBLIC	50.00	Highest	$285,722	$127,460	$413,182
AVERY WILKS	VP-COMMUNICA	50.00	Highest	$215,622	$103,349	$318,971
TRAVIS WARD	VP-OPERATION	50.00	Highest	$214,478	$103,640	$318,118
BONNIE ANZELMO	VP-ST GOV RE	50.00	Highest	$204,983	$106,815	$311,798
ANN WESTBROOK	INTERIM-PRES	50.00	Officer	$193,202	$32,402	$225,604
KEITH AVERY	TRUSTEE	2.00	Director	$0	$0	$0
BRUCE G BACON	TRUSTEE	2.00	Director	$0	$0	$0
TOMMIE BRATTON	TRUSTEE	2.00	Director	$0	$0	$0
BRIAN W BROUGHTON	TRUSTEE	2.00	Director	$0	$0	$0
CHAD CAPPS	TRUSTEE	2.00	Director	$0	$0	$0
TODD CARTER	TRUSTEE	2.00	Director	$0	$0	$0
DON E COKER	TRUSTEE	2.00	Director	$0	$0	$0
MARCUS E COOK	EXEC. COMM.	2.00	Officer Director	$0	$0	$0
J REED COOPER	TRUSTEE	2.00	Director	$0	$0	$0
JAMEY COPELAND	TRUSTEE	2.00	Director	$0	$0	$0
JOHNNIE L DICKERT	TRUSTEE	2.00	Director	$0	$0	$0
JIMMY LEE DODGENS	TRUSTEE	2.00	Director	$0	$0	$0
DAVID FELKEL	TRUSTEE	2.00	Director	$0	$0	$0
RONALD H FLOYD	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL MIKE S FULLER	SEC/TREAS.	2.00	Director	$0	$0	$0
VINCE FURTICK	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT C HOCHSTETLER	TRUSTEE	2.00	Director	$0	$0	$0
JACK G VALLENTINE III	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT ROB G ARDIS III	TRUSTEE	2.00	Director	$0	$0	$0
A BERL DAVIS JR	TRUSTEE	2.00	Director	$0	$0	$0
NORRIS R FOWLER JR	TRUSTEE	2.00	Director	$0	$0	$0
DONETTE B KIRKLAND	TRUSTEE	2.00	Director	$0	$0	$0
JAMES L LOVINGGOOD	TRUSTEE	2.00	Director	$0	$0	$0
CHAD T LOWDER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
TERRY W MALLARD	TRUSTEE	2.00	Director	$0	$0	$0
DERIAL OGBURN	TRUSTEE	2.00	Director	$0	$0	$0
B ROBERT PAULLING	TRUSTEE	2.00	Director	$0	$0	$0
LAVERN POLK	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
DOUGLAS REEVES	TRUSTEE	2.00	Director	$0	$0	$0
WTERRY RICKETTS	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM T ROBINSON	TRUSTEE	2.00	Director	$0	$0	$0
WILLIS SANDERS	TRUSTEE	2.00	Director	$0	$0	$0
CAREN SCHWARTZ	TRUSTEE	2.00	Director	$0	$0	$0
D TERRELL SMITH	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT W BOBBY SMITH	TRUSTEE	2.00	Director	$0	$0	$0
KENNETH G SOUTHERLIN	TRUSTEE	2.00	Director	$0	$0	$0
CRAIG SPENCER	EXEC. COMM.	2.00	Officer Director	$0	$0	$0
MATTHEW MATT D STANLEY	TRUSTEE	2.00	Director	$0	$0	$0
CHAD E STONE	TRUSTEE	2.00	Director	$0	$0	$0
GARY L STOOKSBURY	TRUSTEE	2.00	Director	$0	$0	$0
CINDY VINCENT	TRUSTEE	2.00	Director	$0	$0	$0
MARK WALLING	TRUSTEE	2.00	Director	$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
2025	$24,380,709	$13,165,959	$17,162,217	$11,214,750
2024	No data	No data	No data	No data
2023	$13,666,138	$13,302,249	$4,773,863	$363,889
2022	$12,792,440	$13,349,659	$5,022,463	$-557,219
2021	$13,048,925	$12,331,835	$5,304,727	$717,090
2020	$10,805,340	$11,595,453	$5,495,780	$-790,113

ELECTRIC COOPERATIVES OF SOUTH CAROLINA