IRWIN ELECTRIC MEMBERSHIP CORPORATION (EIN 580300540) - 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

1936

Legal Domicile

Principal Officer

RANDY CRENSHAW

Phone

2294687415

Tax Period

2023-01-01 to 2023-12-31

IRWIN ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a mid-sized nonprofit that reported $34.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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 $34,061,231

Investment Income $38,886

Other Revenue $270,279

TOTAL REVENUE $34,370,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $544,061

Fundraising Expenses $0

Other Expenses $31,353,584

TOTAL EXPENSES $34,370,396

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,370,396	$30,129,028	+0.1%
Expenses	$34,370,396	$32,087,572	+0.1%
Net Income	$0	$-1,958,544	-1.0%

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

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

$400,230

Total Directors

$234,248

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETTY METTS	CHAIRMAN	6.80	Officer Director	$30,139	$0	$30,139
PHIL GILLEY	VICE CHAIRMA	6.30	Officer Director	$30,139	$0	$30,139
DONALD WIGGINS	SEC/TREAS.	6.30	Officer Director	$30,139	$0	$30,139
KEITH BARNETTE	DIRECTOR	6.30	Director	$30,139	$0	$30,139
IRA TUCKER	DIRECTOR	6.30	Director	$5,023	$0	$5,023
GLENN GRIFFIN	DIRECTOR	6.30	Director	$30,139	$0	$30,139
WAYNE HUGGINS	DIRECTOR	6.30	Director	$3,635	$0	$3,635
EDDIE MCKIE	DIRECTOR	6.30	Director	$30,139	$0	$30,139
WANDA MCCURDY	DIRECTOR	6.30	Director	$30,139	$0	$30,139
SANDY MCCLURD	DIRECTOR	3.15	Director	$10,096	$0	$10,096
DAVID CHANEY	DIRECTOR	3.15	Director	$4,521	$0	$4,521
RANDY CRENSHAW	PRESIDENT/CE	50.00	Officer	$262,311	$47,502	$309,813
TAMMIE ELLIOT	VP ADMINISTR	50.00	Highest	$146,520	$43,135	$189,655
SCOTT ANDERSON	MANAGER OF O	50.00	Highest	$121,497	$22,596	$144,093
ALLEN GREEN	MANAGER OF S	50.00	Highest	$119,374	$25,678	$145,052
GORDON TAPP	MANAGER OF C	50.00	Highest	$129,006	$32,030	$161,036
STEPHEN TYUS	MANAGER OF E	50.00	Highest	$129,611	$39,072	$168,683

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	$34,370,396	$34,370,396	$129,673,719	No data
2022	$30,129,028	$32,087,572	$107,198,725	$-1,958,544
2021	$26,654,360	$27,051,305	$88,512,065	$-396,945
2020	$27,942,929	$27,942,928	$87,471,061	$1
2019	$29,620,235	$29,620,235	$86,107,338	No data
2018	$26,988,616	$26,988,616	$81,576,324	No data

IRWIN ELECTRIC MEMBERSHIP CORPORATION