SANTEE ELECTRIC TRUST (EIN 576152051) - 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

HL LOWDER

Phone

8433556187

Tax Period

2024-01-01 to 2024-12-31

SANTEE ELECTRIC TRUST, founded in 1993, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $610K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $195K, a strong 32% operating margin.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUALS AND ORGANIZATIONS IN THE SERVICE TERRITORY OF SANTEE ELECTRIC COOPERATIVE THROUGH AN OPERATION ROUNDUP PROGRAM, AS WELL AS OTHER FUNDING SOURCES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $566,126

Program Service Revenue $0

Investment Income $0

Other Revenue $44,039

TOTAL REVENUE $610,165

Expense Breakdown

Grants Paid $409,777

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $414,918

Other Expenses $5,141

TOTAL EXPENSES $414,918

Year-over-Year Comparison

	2024	2023	Change
Revenue	$610,165	$370,794	+0.6%
Expenses	$414,918	$435,238	0.0%
Net Income	$195,247	$-64,444	-4.0%

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
HL LOWDER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DANNY PITTMAN	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
BECKY JONES	SECRETARY	2.00	Officer Director	$0	$0	$0
BETTY DONNELY	DIRECTOR	2.00	Director	$0	$0	$0
OTIS FRANKLIN	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
LEE DAVIS	DIRECTOR	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
2024	$610,165	$414,918	$284,804	$195,247
2023	$349,324	$413,768	$89,557	$-64,444

SANTEE ELECTRIC TRUST