SUMTER ELECTRIC MEMBERSHIP CORP (EIN 580452284) - 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

1937

Legal Domicile

Principal Officer

RENE SMITH

Phone

2299248041

Tax Period

2025-01-01 to 2025-12-31

SUMTER ELECTRIC MEMBERSHIP CORP, founded in 1937, is a mid-sized nonprofit that reported $59.6M in total revenue in fiscal year 2025.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $59,255,387

Investment Income $304,042

Other Revenue $0

TOTAL REVENUE $59,559,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $858,751

Fundraising Expenses $0

Other Expenses $55,319,574

TOTAL EXPENSES $59,559,429

Year-over-Year Comparison

	2025	2024	Change
Revenue	$59,559,429	$57,033,753	+0.0%
Expenses	$59,559,429	$57,033,753	+0.0%
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

$615,939

Total Directors

$389,393

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECIL O MYERS JR	CHAIRMAN	5.05	Officer Director	$36,672	$0	$36,672
MICHAEL WEBB	VICE CHAIRMA	4.38	Officer Director	$36,545	$0	$36,545
WILLIAM HARRIS	SEC-TREASURE	4.83	Officer Director	$38,491	$0	$38,491
CHRISTI DOCKERY	ASST SECRETA	3.95	Officer Director	$34,873	$0	$34,873
DAVID A BARRETT	DIRECTOR	4.08	Director	$34,845	$0	$34,845
EDDIE WATSON	DIRECTOR	4.50	Director	$37,955	$0	$37,955
GLENN E DAVIS	DIRECTOR	6.06	Director	$41,015	$0	$41,015
ANDREW PAYNE	DIRECTOR	4.94	Director	$32,452	$0	$32,452
LISA A DAVIS	DIRECTOR	1.97	Director	$30,465	$0	$30,465
LEON WILLIAMS	DIRECTOR	1.81	Director	$29,835	$0	$29,835
LEHANNE SINGLETON	DIRECTOR	4.44	Director	$36,245	$0	$36,245
RENE SMITH	PRESIDENT &	50.00	Officer	$362,869	$106,489	$469,358
DAVID BROKAMP	SR. VP. OPER	50.00	Highest	$291,947	$86,775	$378,722
WILLIAM HAMMACK	VP FINANCE &	50.00	Highest	$214,905	$74,494	$289,399
ANDREA WALKER	VP ADMIN & M	50.00	Highest	$227,354	$67,746	$295,100
BRAD WARD	VP ENGINEERI	50.00	Highest	$218,373	$64,459	$282,832
WENDELL NEALEY	OPS & MAINT	50.00	Highest	$135,547	$30,840	$166,387
J TED MCMILLAN	PRESIDENT EM	N/A		$156,567	$0	$156,567

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	$59,559,429	$59,559,429	$183,520,045	No data
2024	$57,033,753	$57,033,753	$173,184,662	No data
2023	$53,360,558	$53,360,558	$159,996,605	No data
2022	$52,467,465	$52,467,465	$152,325,355	No data
2021	$48,304,488	$48,304,488	$146,722,372	No data
2020	$49,884,134	$49,884,135	$143,734,799	$-1
2019	$52,423,379	$52,423,379	$135,520,102	No data
2018	$51,885,453	$51,885,453	$133,488,346	No data

SUMTER ELECTRIC MEMBERSHIP CORP