UNITED ELECTRIC COOPERATIVE SERVICES INC (EIN 752871400) - 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

CAMERON SMALLWOOD

Phone

8175564000

Tax Period

2024-01-01 to 2024-12-31

UNITED ELECTRIC COOPERATIVE SERVICES INC, founded in 1938, is a major nonprofit in the Mutual Benefit sector that reported $353.4M in total revenue in fiscal year 2024.

Mission

UNITED'S MISSION IS TO PROVIDE EXCEPTIONAL SERVICE AND VALUE TO ITS MEMBERS. UNITED'S SIGNIFICANT ACTIVITIES INCLUDE PROVIDING ELECTRIC DISTRIBUTION AND INTERNET SERVICES TO OUR MEMBERS (105,000+ ELECTRIC METERS AND 28,000+ INTERNET SUBSCRIBERS AS OF YEAR-END)ON A COOPERATIVE BASIS.

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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 $350,851,662

Investment Income $1,319,536

Other Revenue $1,200,607

TOTAL REVENUE $353,371,805

Expense Breakdown

Grants Paid $83,669

Salaries & Benefits $28,747,385

Fundraising Expenses $0

Other Expenses $327,933,412

TOTAL EXPENSES $356,764,466

Year-over-Year Comparison

	2024	2023	Change
Revenue	$353,371,805	$362,077,068	0.0%
Expenses	$356,764,466	$366,131,032	0.0%
Net Income	$-3,392,661	$-4,053,964	-0.2%

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

239

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

$1,457,466

Total Directors

$249,915

Key Employees

$3,491,026

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY THOMPSON	SEC / TREAS	9.00	Director	$41,447	$0	$41,447
THOMAS CANTRELL	VICE PRESIDE	11.00	Director	$40,639	$0	$40,639
JOHN JONES	DIRECTOR	11.00	Director	$35,120	$0	$35,120
CLIFFORD DEAL	DIRECTOR	4.00	Director	$19,961	$0	$19,961
PATSY DUMAS	PRESIDENT	5.00	Director	$39,454	$0	$39,454
EDWARD CARDIN	DIRECTOR	13.00	Director	$40,069	$0	$40,069
MARK CASTLEBERRY	DIRECTOR	5.00	Director	$21,525	$0	$21,525
CLIFTON HALL	DIRECTOR	2.00	Director	$11,700	$0	$11,700
CAMERON SMALLWOOD	CEO/GM	55.00	Officer	$972,762	$123,858	$1,096,620
MARTIN HAUGHT	ASST. GM/COO	50.00	Key Emp	$409,404	$121,420	$530,824
QUENTIN HOWARD	SR VP OPERAT	50.00	Key Emp	$303,422	$101,004	$404,426
ROBERT BERNHOFT	SR VP TECH T	50.00	Key Emp	$303,826	$87,448	$391,274
JARED WENNERMARK	CHIEF TECHNI	50.00	Key Emp	$300,846	$101,004	$401,850
RUSSELL YOUNG	CFO	50.00	Officer	$280,181	$80,665	$360,846
BLAKE BEAVERS	CHIEF MEMBER	50.00	Key Emp	$257,735	$76,270	$334,005
KEVIN KEESEE	VP HR & SAFE	50.00	Key Emp	$239,394	$72,087	$311,481
CORY MENZEL	VP IS&T	50.00	Key Emp	$223,680	$79,002	$302,682
JEFF PANNELL	VP BUSINESS	50.00	Key Emp	$212,921	$76,729	$289,650
CHRIS MACINTYRE	VP INTERNET	50.00	Key Emp	$207,187	$67,173	$274,360
JAMES GALVIN	VP POWER SUP	50.00	Key Emp	$212,883	$37,591	$250,474
TRAVIS ASHWORTH	DISTRICT FOR	52.00	Highest	$214,536	$60,755	$275,291
ARICK WIENECKE	DISTRICT FOR	55.00	Highest	$227,215	$60,780	$287,995
THOMAS SMITH	LINE CREW CH	55.00	Highest	$215,603	$57,301	$272,904
JEREMIAH ESQUELL	DISTRICT FOR	54.00	Highest	$226,118	$60,755	$286,873
PAYDEN HENDERSON	LINE CREW CH	55.00	Highest	$206,026	$49,937	$255,963

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	$353,371,805	$356,764,466	$1,428,051,902	$-3,392,661
2023	$362,077,068	$366,131,032	$1,331,388,377	$-4,053,964
2022	$365,623,485	$368,857,078	$1,250,165,021	$-3,233,593
2021	$247,306,541	$249,655,582	$643,753,281	$-2,349,041
2020	$206,788,665	$208,722,209	$539,373,287	$-1,933,544
2019	$210,713,181	$210,954,876	$468,671,468	$-241,695
2018	$207,058,562	$207,305,070	$449,749,803	$-246,508

UNITED ELECTRIC COOPERATIVE SERVICES INC