SOUTHEASTERN ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS (EIN 621331903) - 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

1989

Legal Domicile

Principal Officer

CORBIN ROSS HAMMONS

Phone

6019615436

Tax Period

2023-08-01 to 2024-07-31

SOUTHEASTERN ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS, founded in 1989, is a small nonprofit that reported $289K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $268K left a modest 7% 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.

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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 $0

Program Service Revenue $288,514

Investment Income $1

Other Revenue $0

TOTAL REVENUE $288,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,500

Fundraising Expenses $0

Other Expenses $245,208

TOTAL EXPENSES $267,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$288,515	$259,445	+0.1%
Expenses	$267,708	$188,399	+0.4%
Net Income	$20,807	$71,046	-0.7%

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

$22,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FLOYD MCKISSICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
LORI COBOS	1ST VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS BROWN	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOYLE WEBB	TREASURER	1.00	Officer Director	$0	$0	$0
ERIC SKRMETTA	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
ROSS HAMMONS	EXECUTIVE DIRECTOR	5.00	Officer	$22,000	$0	$22,000

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	$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

SOUTHEASTERN ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS