WITHLACOOCHEE RIVER ELECTRIC CARES INC (EIN 593141822) - 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

1992

Legal Domicile

Principal Officer

ROBERT GIAMMARCO

Phone

3525675133

Tax Period

2023-01-01 to 2023-12-31

WITHLACOOCHEE RIVER ELECTRIC CARES INC, founded in 1992, is a small nonprofit in the Unknown sector that reported $382K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $285K, a strong 75% operating margin.

Mission

THE COMPANY'S MAJOR PROGRAM IS TO PROVIDE RELIEF TO FAMILIES THAT HAD CATASTROPHIC CONDITIONS BEYOND THEIR CONTROL. THE FAMILIES MUST BE IN THE SERVICE AREA OF WITHLACOOCHEE RIVER ELECTRIC COOPERATIVE TO RECEIVE THE RELIEF.

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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 $266,957

Program Service Revenue $0

Investment Income $114,733

Other Revenue $0

TOTAL REVENUE $381,690

Expense Breakdown

Grants Paid $96,436

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $96,436

Other Expenses $0

TOTAL EXPENSES $96,436

Year-over-Year Comparison

	2023	2022	Change
Revenue	$381,690	$292,058	+0.3%
Expenses	$96,436	$87,517	+0.1%
Net Income	$285,254	$204,541	+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

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
ROBERT GIAMMARCO	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAMELA LEE	SECRETARY	1.00	Officer Director	$0	$0	$0
DUANE WILSON	TREASURER	1.00	Officer Director	$0	$0	$0
GERALD MULLIGAN	VICE PRES.	1.00	Officer Director	$0	$0	$0
CAROL DEFILIPPO	DIRECTOR	1.00	Director	$0	$0	$0
MELVIN BRUNET	DIRECTOR	1.00	Director	$0	$0	$0
GARY STEELE	DIRECTOR	1.00	Director	$0	$0	$0
JOE MARINA	DIRECTOR	1.00	Director	$0	$0	$0
PAULA LEWIS	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$381,690	$96,436	$2,788,081	$285,254
2022	$292,058	$87,517	$2,502,827	$204,541
2021	$239,062	$83,525	$2,298,286	$155,537
2020	$221,421	$100,930	$2,142,749	$120,491
2019	$231,119	$75,339	$2,022,258	$155,780
2018	$220,264	$70,594	$1,866,478	$149,670

WITHLACOOCHEE RIVER ELECTRIC CARES INC