Smarr EMC (EIN 582423010) - 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

1998

Legal Domicile

Principal Officer

Elizabeth Higgins

Phone

7702707660

Tax Period

2023-01-01 to 2023-12-31

Smarr EMC, founded in 1998, is a mid-sized nonprofit in the Mutual Benefit sector that reported $47.0M in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $44.0M left a modest 6% surplus.

Mission

Generation of electricty for members cooperatives

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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 $46,791,624

Investment Income $185,017

Other Revenue $0

TOTAL REVENUE $46,976,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $43,976,641

TOTAL EXPENSES $43,976,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$46,976,641	$98,894,071	-0.5%
Expenses	$43,976,641	$94,048,554	-0.5%
Net Income	$3,000,000	$4,845,517	-0.4%

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
D Ronnie Lee	Director/President thru 3/23	1.50	Officer Director	$0	$0	$0
Edward M Brinson Jr	Director	1.00	Director	$0	$0	$0
Gary A Miller	Director	1.00	Director	$0	$0	$0
Randy Crenshaw	Director	1.00	Director	$0	$0	$0
Shaun Mock	Director all yr/President from 3/23	1.50	Officer Director	$0	$0	$0
Danny Nichols	Director from 3/23	1.00	Director	$0	$0	$0
Elizabeth B Higgins	Treasurer	0.40	Officer	$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
2024	No data	No data	No data	No data
2023	$46,976,641	$43,976,641	$85,415,332	$3,000,000
2022	$98,894,071	$94,048,554	$81,159,667	$4,845,517
2021	$49,681,647	$48,681,647	$71,741,134	$1,000,000
2020	$45,781,651	$44,781,651	$71,203,475	$1,000,000

Smarr EMC