SNAPPING SHOALS ELECTRIC MEMBERSHIP CORPORATION (EIN 580433463) - 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

SHAUN MOCK

Phone

7707863484

Tax Period

2023-01-01 to 2023-12-31

SNAPPING SHOALS ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a major nonprofit that reported $237.0M in total revenue in fiscal year 2023. Revenue decreased 5% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $236,212,291

Investment Income $679,925

Other Revenue $95,003

TOTAL REVENUE $236,987,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,159,858

Fundraising Expenses $0

Other Expenses $225,887,406

TOTAL EXPENSES $236,987,219

Year-over-Year Comparison

	2023	2022	Change
Revenue	$236,987,219	$249,582,310	-0.1%
Expenses	$236,987,219	$260,641,958	-0.1%
Net Income	$0	$-11,059,648	-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

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

$942,300

Total Directors

$350,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE CARTER	CHAIRMAN	12.00	Officer Director	$45,158	$0	$45,158
JEANETTE BERRY	VICE CHAIRMA	8.00	Officer Director	$23,189	$0	$23,189
LANCE HARPER	SEC.- TREASU	5.00	Officer Director	$41,442	$0	$41,442
ALFORD FLANIGAN	ASST SEC.-TR	12.00	Officer Director	$23,541	$0	$23,541
GENE MORRIS	DIRECTOR	12.00	Director	$50,658	$0	$50,658
WALTER JOHNSON	DIRECTOR	8.00	Director	$22,134	$0	$22,134
ANTHONY NORTON	DIRECTOR	12.00	Director	$35,123	$0	$35,123
MILLARD ROSS	DIRECTOR	5.00	Director	$12,487	$0	$12,487
JEFF WIGINGTON	DIRECTOR	5.00	Director	$13,581	$0	$13,581
EARNEST WATKINS	DIRECTOR	5.00	Director	$19,348	$0	$19,348
JAMES WHITE	DIRECTOR	8.00	Director	$34,794	$0	$34,794
RUBY WOODS	DIRECTOR	8.00	Director	$29,431	$0	$29,431
SHAUN MOCK	PRESIDENT &	50.00	Officer	$0	$238,663	$808,970
FRANK ASKEW	COO	50.00	Highest	$0	$100,005	$446,485
MIKE MILLIGAN	EVP-ENGINEER	50.00	Highest	$0	$101,344	$405,003
DONALD RITCHEY	SVP-LINE SVC	50.00	Highest	$0	$40,103	$337,899
KATIE JOHNSTON	CFO	50.00	Highest	$0	$91,481	$399,635
ROBBIE YOUNG	VP-ENGINEERI	50.00	Highest	$0	$34,689	$259,570

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	$236,987,219	$236,987,219	$315,667,754	No data
2022	$249,582,310	$260,641,958	$306,647,045	$-11,059,648
2021	$211,884,091	$211,884,091	$296,699,406	No data
2020	$194,898,434	$194,898,434	$291,162,895	No data
2019	$201,568,429	$201,568,429	$282,250,779	No data
2018	$200,680,459	$200,680,459	$264,733,490	No data

SNAPPING SHOALS ELECTRIC MEMBERSHIP CORPORATION