CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION (EIN 630043915) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

STEVE SHEFFIELD

Phone

2512469081

Tax Period

2024-01-01 to 2024-12-31

Clarke-Washington Electric Membership Corporation, founded in 1936, is a mid-sized nonprofit that reported $37.8M in total revenue in fiscal year 2018.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $45,144,370

Investment Income $455,388

Other Revenue $444,835

TOTAL REVENUE $46,044,593

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $4,703,200

Fundraising Expenses $0

Other Expenses $38,155,709

TOTAL EXPENSES $46,044,593

Year-over-Year Comparison

	2024	2023	Change
Revenue	$46,044,593	$44,455,386	+0.0%
Expenses	$46,044,593	$44,455,386	+0.0%
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

$967,119

Total Directors

$138,275

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BATLEY	SECRETARY/TREASURER	9.00	Officer Director	$13,800	$0	$13,800
JAMES FORE	DIRECTOR	12.00	Director	$13,475	$0	$13,475
HOWARD DAUGHERTY	DIRECTOR	10.00	Director	$13,200	$0	$13,200
RODNEY HARRISON	VICE PRESIDENT	13.00	Officer Director	$19,800	$0	$19,800
JESSICA ROSS	DIRECTOR	12.00	Director	$17,100	$0	$17,100
DR STALLWORTH	DIRECTOR	16.00	Director	$16,500	$0	$16,500
CAROLYN TAITE	DIRECTOR	9.00	Director	$13,800	$0	$13,800
WILLIE WILLIAMS	DIRECTOR	3.00	Director	$11,100	$0	$11,100
SUSAN DAVIS	PRESIDENT	15.00	Officer Director	$19,500	$0	$19,500
STEVE SHEFFIELD	CHIEF EXECUTIVE OFFICER	55.00	Officer	$245,976	$98,317	$344,293
SUSAN DUNN	ASSISTANT MANAGER	52.00	Officer	$227,389	$92,133	$319,522
ED WILLIAMSON	CHIEF FINANCIAL OFFICER	52.00	Officer	$172,191	$78,013	$250,204
DAVID ATCHISON	CREW FOREMAN	50.00	Highest	$149,797	$59,170	$208,967
RONALD FRANKS	JOURNEYMAN LINEMAN	50.00	Highest	$148,450	$44,503	$192,953
ARTHUR DEES	CREW FOREMAN	50.00	Highest	$126,034	$54,721	$180,755
CANAAN HARE	CREW FOREMAN	50.00	Highest	$123,534	$24,977	$148,511
DWIGHT PUGH	OPERATIONS SUPERINTENDENT	50.00	Highest	$139,012	$62,057	$201,069

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	$46,044,593	$46,044,593	$114,808,704	No data
2023	$44,455,386	$44,455,386	$115,005,409	No data
2022	$41,091,711	$41,091,711	$111,049,201	No data
2021	$37,570,610	$37,570,610	$110,788,489	No data
2020	$35,597,132	$35,597,132	$117,187,845	No data
2019	$37,037,634	$37,037,634	$96,664,464	No data
2018	$37,847,281	$37,847,281	$93,234,663	No data

CLARKE-WASHINGTON ELECTRIC MEMBERSHIP CORPORATION