TRI-STATE ELECTRIC MEMBERSHIP CORP (EIN 620459672) - 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

1971

Legal Domicile

Principal Officer

STACY CHASTAIN

Phone

7064923251

Tax Period

2024-07-01 to 2025-06-30

TRI-STATE ELECTRIC MEMBERSHIP CORP, founded in 1971, is a mid-sized nonprofit that reported $49.1M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $47.3M left a modest 4% surplus.

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS.

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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 $0

Program Service Revenue $48,046,634

Investment Income $291,843

Other Revenue $768,774

TOTAL REVENUE $49,107,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,580,804

Fundraising Expenses $0

Program Expenses $47,324,116

Other Expenses $41,743,312

TOTAL EXPENSES $47,324,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$49,107,251	$44,424,480	+0.1%
Expenses	$47,324,116	$43,272,551	+0.1%
Net Income	$1,783,135	$1,151,929	+0.5%

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

$88,595

Total Directors

$157,806

Key Employees

$274,805

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY PACK	PRESIDENT	10.00	Officer Director	$2,575	$27,916	$30,491
JESSE MILLER	VICE PRESIDENT	5.00	Officer Director	$2,275	$38,521	$40,796
JIM QUINTRELL	SECRETARY/TREASURER	5.00	Officer Director	$2,275	$15,033	$17,308
BILL JOE POSTELL	DIRECTOR	5.00	Director	$2,275	$15,022	$17,297
WILLIAM BARKER	DIRECTOR	5.00	Director	$2,275	$15,033	$17,308
LISA FIELDS	DIRECTOR	5.00	Director	$2,275	$14,977	$17,252
DANIEL MCNABB	DIRECTOR	5.00	Director	$2,275	$15,079	$17,354
STACY CHASTAIN	GENERAL MANAGER	40.00	Key Emp	$189,205	$85,600	$274,805
CHRIS HULSEY	HUMAN RESOURCE MANAGER	40.00	Highest	$123,980	$65,583	$189,563
CHUCK THOMAS	OPERATIONS MANAGER	40.00	Highest	$140,644	$56,837	$197,481
DAVID LEWIS	IT MANAGER	40.00	Highest	$116,347	$65,589	$181,936
KEITH THOMAS	RIGHT OF WAY MANAGER	40.00	Highest	$106,069	$54,031	$160,100
LISA HOOD	HUMAN RESOURCE MANAGER	40.00	Highest	$106,953	$46,298	$153,251
CHRISTY SETSER	FINANCE MANAGER	40.00	Highest	$118,909	$65,556	$184,465

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	$49,107,251	$47,324,116	$72,560,966	$1,783,135
2024	$44,424,480	$43,272,551	$66,860,220	$1,151,929
2023	$44,052,083	$43,175,796	$61,245,925	$876,287
2022	$40,673,690	$39,701,874	$61,378,223	$971,816
2021	$38,273,540	$37,416,027	$61,025,008	$857,513
2020	$37,101,830	$36,323,466	$61,278,185	$778,364
2019	$37,680,771	$36,781,537	$61,787,821	$899,234

TRI-STATE ELECTRIC MEMBERSHIP CORP