ELECTRIC COOPERATIVES OF SOUTH CAROLINA

EIN: 570308664

CAYCE, SC

Total Revenue
$24,380,709
Total Expenses
$13,165,959
Total Assets
$17,162,217
Net Assets
$15,659,399
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1941
Legal Domicile
SC
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.

Program Service Accomplishments

Program 1

SEE SCHEDULE O ECSC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO: -FOSTER, DEVELOP AND ENCOURAGE THE PROGRAM OF RURAL ELECTRIFICATION IN THE STATE OF SOUTH CAROLINA -FURTHER THE GENERAL WELFARE AND...

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SEE SCHEDULE O ECSC IS A NOT-FOR-PROFIT CORPORATION ORGANIZED TO: -FOSTER, DEVELOP AND ENCOURAGE THE PROGRAM OF RURAL ELECTRIFICATION IN THE STATE OF SOUTH CAROLINA -FURTHER THE GENERAL WELFARE AND TO PROMOTE THE INTEREST OF THE MEMBERS OF ECSC; TO FURTHER THE SAFETY, STABILITY, SECURITY AND PROSPERITY OF ELECTRIC COOPERATIVES; TO AID IN SOLVING THE PROBLEMS COMMON TO ELECTRIC COOPERATIVES -DISSEMINATE INFORMATION RELATING TO THE RURAL ELECTRIFICATION PROGRAM; TO COOPERATE WITH FEDERAL, STATE AND MUNICIPAL AGENCIES IN THE PROMOTION OF RURAL ELECTRIFICATION AND NATIONAL, STATE, COMMUNITY AND RURAL DEVELOPMENT; TO PROVIDE SERVICES AND INFORMATIONAL PROGRAMS THAT WILL STIMULATE LOCAL GROWTH, STABILITY AND SECURITY AND STRENGTHEN THE ELECTRIC COOPERATIVE PROGRAM IN SOUTH CAROLINA -OTHERWISE ASSIST THE MEMBERS OF ECSC TO PROVIDE ELECTRIC ENERGY TO INHABITANTS OF MEMBER SERVICE AREAS AT THE LOWEST POSSIBLE COST CONSISTENT WITH SOUND ECONOMY -OPERATE ALWAYS FOR THE BENEFIT OF ITS MEMBER COOPERATIVES AND THROUGH THEM FOR THE BENEFIT OF THEIR CONSUMERS, DOING THOSE THINGS THROUGH ECSC THAT CAN BE DONE BETTER TOGETHER THAN INDIVIDUALLY

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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 $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

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Governance

Voting Members
42
Independent Members
42
Employees
42
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
6
$780,322
Total Directors
42
$0
Key Employees
0
$0
Highest Compensated
5
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
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