SALT RIVER ELECTRIC COOPERATIVE CORPORATION (EIN 610329022) - 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

TIMOTHY J SHARP

Phone

5023483931

Tax Period

2025-01-01 to 2025-12-31

SALT RIVER ELECTRIC COOPERATIVE CORPORATION, founded in 1936, is a major nonprofit that reported $148.4M in total revenue in fiscal year 2025.

Mission

DISTRIBUTION SALES OF ELECTRICITY ON A PATRONAGE BASIS TO AN AVERAGE OF APPROXIMATELY 57,596 CONSUMERS MONTHLY.

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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 $474,096

Program Service Revenue $141,322,000

Investment Income $1,018,944

Other Revenue $5,565,486

TOTAL REVENUE $148,380,526

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $11,788,643

Fundraising Expenses $0

Program Expenses $148,380,526

Other Expenses $129,269,387

TOTAL EXPENSES $148,380,526

Year-over-Year Comparison

	2025	2024	Change
Revenue	$148,380,526	$137,832,122	+0.1%
Expenses	$148,380,526	$137,832,122	+0.1%
Net Income	$0	$0	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

$729,932

Total Directors

$117,495

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL TINGLE	TREASURER	5.00	Officer Director	$18,700	$0	$18,700
LINDA WEST	CHAIRMAN	5.00	Officer Director	$17,040	$0	$17,040
DAVID STEVENS	VICE CHAIRMAN	5.00	Officer Director	$18,017	$0	$18,017
GEORGE MADDOX	SECRETARY	5.00	Officer Director	$20,246	$0	$20,246
JOHN HUTCHINS	DIRECTOR	5.00	Director	$22,046	$0	$22,046
JOSEPH OSBORNE	DIRECTOR	5.00	Director	$21,446	$0	$21,446
TIM SHARP	PRESIDENT & CEO	45.00	Officer	$410,754	$57,593	$468,347
JAIME ROBY	CFO	45.00	Officer	$155,020	$32,562	$187,582
WILLIAM CLEMENTS	LINEMAN	45.00	Highest	$167,080	$33,846	$200,926
WILLIAM TUCKER	LINEMAN	45.00	Highest	$148,235	$33,035	$181,270
CHASE MILLS	COO	45.00	Highest	$171,262	$42,748	$214,010
RICHARD HOOPS	LINEMAN	45.00	Highest	$151,454	$33,248	$184,702
DAMIEN BALLARD	LINEMAN	45.00	Highest	$147,866	$32,921	$180,787

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	$148,380,526	$148,380,526	$226,824,146	No data
2024	$137,832,122	$137,832,122	$221,022,068	No data
2023	$134,671,914	$134,671,914	$212,048,137	No data
2022	$141,723,833	$141,723,833	$201,692,612	No data
2021	$114,408,015	$114,408,015	$187,060,575	No data
2020	$103,102,993	$103,102,993	$184,280,715	No data
2019	$111,692,003	$111,692,003	$179,433,871	No data
2018	$114,365,425	$114,365,425	$175,358,298	No data

SALT RIVER ELECTRIC COOPERATIVE CORPORATION