WALTON ELECTRIC TRUST INC (EIN 582351746) - 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

1997

Legal Domicile

Principal Officer

DAVID FOY

Phone

7702672505

Tax Period

2024-07-01 to 2025-06-30

WALTON ELECTRIC TRUST INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $369K, a strong 21% operating margin.

Mission

THE PURPOSE OF THE TRUST IS TO ACCUMULATE AND DISBURSE FUNDS FOR CHARITABLE PURPOSES IN THE SERVICE AREA OF WALTON EMC.

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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 $1,205,609

Program Service Revenue $329,403

Investment Income $264,985

Other Revenue $0

TOTAL REVENUE $1,799,997

Expense Breakdown

Grants Paid $1,379,183

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,430,774

Other Expenses $51,591

TOTAL EXPENSES $1,430,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,799,997	$1,651,566	+0.1%
Expenses	$1,430,774	$1,656,972	-0.1%
Net Income	$369,223	$-5,406	-69.3%

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
GLENN GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FOY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DEEDRA LEACH	DIRECTOR	1.00	Director	$0	$0	$0
HENRY HIBBS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY ABBOTT	DIRECTOR	1.00	Director	$0	$0	$0
ED POLLARD	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
PATTI RUIZ	TREASURER	2.00	Officer Director	$0	$0	$0
JANICE KNIGHT	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE FOWLER	DIRECTOR	1.00	Director	$0	$0	$0
CINDY HADDON	DIRECTOR	1.00	Director	$0	$0	$0
BILL ROSS	SECRETARY	2.00	Officer Director	$0	$0	$0
PENNY WARREN	DIRECTOR	1.00	Director	$0	$0	$0
KYLIE MYERS	DIRECTOR	1.00	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
2025	$1,799,997	$1,430,774	$5,772,040	$369,223
2024	$1,651,566	$1,656,972	$5,402,817	$-5,406
2023	$1,708,351	$1,323,029	$5,408,223	$385,322
2022	$2,337,063	$2,652,353	$5,022,901	$-315,290
2021	$1,078,345	$1,208,513	$5,338,191	$-130,168
2020	$1,428,507	$1,447,990	$5,468,359	$-19,483

WALTON ELECTRIC TRUST INC