SOUTHERN RIVERS ENERGY ATTN TONY CALDWELL (EIN 580319365) - 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

1938

Legal Domicile

Principal Officer

MICHAEL MCMILLAN

Phone

7703581383

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN RIVERS ENERGY ATTN TONY CALDWELL, founded in 1938, is a mid-sized nonprofit that reported $68.1M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $65,815,001

Investment Income $881,164

Other Revenue $1,363,421

TOTAL REVENUE $68,059,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $792,966

Fundraising Expenses $0

Other Expenses $58,530,062

TOTAL EXPENSES $68,059,586

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,059,586	$76,482,319	-0.1%
Expenses	$68,059,586	$76,482,319	-0.1%
Net Income	$0	N/A	N/A

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

$651,644

Total Directors

$173,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN GOODMAN	CHAIRMAN	11.04	Officer Director	$36,503	$0	$36,503
R BRIAN OGLETREE	VICE CHAIRMA	2.87	Officer Director	$24,286	$0	$24,286
HARRY N PARK	SECRETARY	7.67	Officer Director	$11,395	$0	$11,395
MILLIE ALEXANDER	TREASURER	3.56	Officer Director	$17,216	$0	$17,216
CHANDA THOMPSON	DIRECTOR	1.38	Director	$16,416	$0	$16,416
ANDY BUSH	DIRECTOR	2.93	Director	$17,416	$0	$17,416
JOHN POPE	DIRECTOR	4.23	Director	$16,416	$0	$16,416
D GOODWIN	DIRECTOR	3.41	Director	$17,816	$0	$17,816
NEDAM WALKER	DIRECTOR	3.08	Director	$16,211	$0	$16,211
MICHAEL MCMILLAN	PRESIDENT/CE	50.00	Officer	$449,230	$113,014	$562,244
FRANK WINKLES	MGR. ENGIN.	50.00	Highest	$170,218	$51,147	$221,365
JASON PARRISH	IT SYS. OPS.	50.00	Highest	$150,161	$56,049	$206,210
TONY CALDWELL	MANAGER FIN.	50.00	Highest	$149,466	$62,338	$211,804
JAMES STORY	CREW LEADER	50.00	Highest	$146,997	$51,486	$198,483
ERIN COOK	MGR. MEM SRV	50.00	Highest	$144,277	$54,268	$198,545

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	$68,059,586	$68,059,586	$195,669,322	No data
2023	$76,482,319	$76,482,319	$175,191,099	No data
2022	$54,913,307	$54,913,307	$145,785,741	No data
2021	$45,634,427	$45,634,425	$129,851,300	$2
2020	$43,665,221	$43,665,221	$111,679,506	No data
2019	$45,139,564	$45,139,564	$104,462,108	No data
2018	$44,238,776	$44,238,776	$88,914,702	No data

SOUTHERN RIVERS ENERGY ATTN TONY CALDWELL