Singing River Electric Cooperative (EIN 640239641) - 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

1938

Legal Domicile

Principal Officer

Brian Hughey

Phone

6019474211

Tax Period

2024-01-01 to 2024-12-31

Singing River Electric Cooperative, founded in 1938, is a major nonprofit that reported $203.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To provide safe and reliable electric service at the lowest possible cost while promoting energy efficiency and enhancing the lives of the members and communities we serve.

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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 $198,919,632

Investment Income $1,273,673

Other Revenue $3,214,185

TOTAL REVENUE $203,407,490

Expense Breakdown

Grants Paid $16,575

Salaries & Benefits $1,302,161

Fundraising Expenses $0

Other Expenses $194,703,631

TOTAL EXPENSES $211,953,653

Year-over-Year Comparison

	2024	2023	Change
Revenue	$203,407,490	$186,068,369	+0.1%
Expenses	$211,953,653	$189,546,039	+0.1%
Net Income	$-8,546,163	$-3,477,670	+1.5%

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

235

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

$1,019,309

Total Directors

$282,852

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Wilson	Director	4.00	Director	$30,360	$0	$30,360
Mark LaSalle	Director	3.00	Director	$23,960	$0	$23,960
Robert Steele	Director	3.00	Director	$29,606	$0	$29,606
Edward Thornton	Director/Secretary	3.00	Director	$25,760	$0	$25,760
Stanley Busby	Director	3.00	Director	$26,460	$0	$26,460
Roy Grafe	Director	3.00	Director	$26,160	$0	$26,160
Howard Davis	Director	3.00	Director	$25,010	$0	$25,010
Cary Williams	Director/Treasurer	2.00	Director	$28,788	$0	$28,788
Travis Baxter	Director/Vice President	3.00	Director	$29,738	$0	$29,738
Kristal Sisson	Director/Board President	4.00	Director	$37,010	$0	$37,010
Brian K Hughey	General Manager & CEO	50.00	Officer	$403,033	$216,916	$619,949
Tammy Y Hultz	CFO	50.00	Officer	$235,362	$163,998	$399,360
Robert J Smith	Manager of IT	45.00	Highest	$156,713	$120,682	$277,395
Joshua Ely	Serviceman	60.00	Highest	$156,036	$19,773	$175,809
William T Davis	Director of Engineering	42.00	Highest	$178,540	$72,921	$251,461
Rodney W Gibson	Serviceman	62.00	Highest	$159,886	$29,307	$189,193
John O Mason	Manager of Engineering	43.00	Highest	$163,679	$126,388	$290,067

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	$203,407,490	$211,953,653	$577,951,092	$-8,546,163
2023	$186,068,369	$189,546,039	$537,266,697	$-3,477,670
2022	$174,969,099	$177,028,773	$450,362,452	$-2,059,674
2021	$164,019,108	$164,425,227	$413,652,861	$-406,119
2020	$162,514,293	$162,514,293	$413,417,996	No data
2019	$161,163,169	$161,163,169	$410,560,269	No data
2018	$167,192,000	$167,192,000	$380,038,243	No data

Singing River Electric Cooperative