Southeastern Association of Regulatory Utility Commissioners

EIN: 621331903

Jackson, MS

Total Revenue
$198,945
Total Expenses
$189,693
Total Assets
$206,130
Net Assets
$206,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
TN
Principal Officer
Corbin Ross Hammons
Phone
6019615436
Tax Period
2024-08-01 to 2025-07-31

Southeastern Association of Regulatory Utility Commissioners, founded in 1989, is a small nonprofit that reported $199K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $190K left a modest 5% surplus.

Mission

The purpose of the Association shall be the advancement and education of commission regulation through the study and discussion of subjects concerning operation and supervision of public utilities to protect the interest of the people with respect to regulation of the southeastern states and to promote cooperation among the commissions of the twelve (12) member states.

Program Service Accomplishments

Program 1

The advancement of commission regulation through the study and discussion of subjects concerning the operation and supervision of public utilities, motor carriers, and railroads; the promotion of...

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The advancement of commission regulation through the study and discussion of subjects concerning the operation and supervision of public utilities, motor carriers, and railroads; the promotion of uniformity of regulation by the several commissions; the promotion of coordinated action by the commissions of the southeastern states to protect the common interests of the people with respect to regulation; and the promotion of cooperation among the commissions of the southeastern states.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $198,945
Investment Income $0
Other Revenue $0
TOTAL REVENUE $198,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,000
Fundraising Expenses $0
Other Expenses $169,693
TOTAL EXPENSES $189,693

Year-over-Year Comparison

2024 2023 Change
Revenue $198,945 $288,515 -0.3%
Expenses $189,693 $267,708 -0.3%
Net Income $9,252 $20,807 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
6
$22,500
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ross Hammons Executive Director 5.0
Officer
$22,500 $0 $22,500
Floyd McKissick Past President 1.0
Officer Director
$0 $0 $0
Chris Brown 1st Vice President 1.0
Officer Director
$0 $0 $0
Doyle Webb Treasurer 1.0
Officer Director
$0 $0 $0
Kathleen Jackson President 1.0
Officer Director
$0 $0 $0
Gabriella Passidomo 2nd Vice President 1.0
Officer 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 $198,945 $189,693 $206,130 $9,252
2024 $288,515 $267,708 $196,878 $20,807
2023 $259,445 $188,399 $176,071 $71,046
2022 $283,075 $259,912 $105,025 $23,163
2022 $283,075 $259,912 $105,025 $23,163
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