MID-CAROLINA ELECTRIC TRUST INC ATTN THERESA CREPES (EIN 571000504) - 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

1993

Legal Domicile

Principal Officer

STAN SHEALY

Phone

8037496468

Tax Period

2023-01-01 to 2023-12-31

MID-CAROLINA ELECTRIC TRUST INC ATTN THERESA CREPES, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $316K in total revenue in fiscal year 2023.

Mission

THE PURPOSE OF THE TRUST SHALL BE THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF MID-CAROLIAN ELECTRIC COOPERATIVE, INC.

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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 $316,366

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $316,366

Expense Breakdown

Grants Paid $326,369

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $326,369

Other Expenses $0

TOTAL EXPENSES $326,369

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,366	$313,079	+0.0%
Expenses	$326,369	$309,269	+0.1%
Net Income	$-10,003	$3,810	-3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STAN SHEALY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
REV RUS STILWELL	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
GERRY SPRAGG	DIRECTOR	1.00	Director	$0	$0	$0
FRANK CAPOBIANCO	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA BISHOP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN BEERMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAPHYNE RIDGELL	DIRECTOR	1.00	Director	$0	$0	$0
GREG BLACK	DIRECTOR	1.00	Director	$0	$0	$0
DOUG MARTIN	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$316,366	$326,369	$41,102	$-10,003
2022	$313,079	$309,269	$51,105	$3,810
2021	$301,908	$289,154	$47,295	$12,754
2020	$302,348	$298,404	$34,541	$3,944
2019	$295,385	$297,509	$30,597	$-2,124
2018	$287,076	$282,212	$34,191	$4,864

MID-CAROLINA ELECTRIC TRUST INC ATTN THERESA CREPES