CLAY ELECTRIC FOUNDATION INC (EIN 611777637) - 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

2015

Legal Domicile

Principal Officer

STEPHEN BAILEY

Phone

3524738000

Tax Period

2023-01-01 to 2023-12-31

CLAY ELECTRIC FOUNDATION INC, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $932K in total revenue in fiscal year 2023.

Mission

THE ACCUMULATION AND DISBURSEMENT OF FUNDS FOR CHARITABLE, EDUCATIONAL AND OTHER WORTHY PURPOSES IN THE 14 COUNTY SERVICE AREA OF CLAY ELECTRIC COOPERATIVE, INC.

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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 $932,077

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $932,077

Expense Breakdown

Grants Paid $962,210

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $962,210

Other Expenses $0

TOTAL EXPENSES $962,210

Year-over-Year Comparison

	2023	2022	Change
Revenue	$932,077	$888,411	+0.0%
Expenses	$962,210	$927,692	+0.0%
Net Income	$-30,133	$-39,281	-0.2%

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
STEPHEN E BAILEY	PRESIDENT/BOARD MEMBER	1.00	Officer Director	$0	$0	$0
KATHLEEN R BARROW	VICE-PRESIDENT/BOARD MEMBE	1.00	Officer Director	$0	$0	$0
REGINAL L BROWN	SECRETARY/MEMBER	1.00	Officer Director	$0	$0	$0
RICHARD L FEAGLE	TREASURER/MEMBER	1.00	Officer Director	$0	$0	$0
SUSAN MCCOOL	BOARD MEMBER	1.00	Director	$0	$0	$0
PAM WHITTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE BUCCI	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS CHESSER	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL B KNIGHT	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$932,077	$962,210	$237,461	$-30,133
2022	$888,411	$927,692	$282,594	$-39,281
2021	$892,614	$900,708	$306,875	$-8,094
2020	$926,290	$941,563	$323,969	$-15,273
2019	$918,087	$961,395	$330,242	$-43,308
2018	$935,610	$994,548	$373,550	$-58,938

CLAY ELECTRIC FOUNDATION INC