CANEY FORK ELECTRIC COOPERATIVE IN… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Phone

9314733116

Tax Period

2024-07-01 to 2025-06-30

CANEY FORK ELECTRIC COOPERATIVE INC VEBA TRUST, founded in 2017, is a micro nonprofit in the Mutual Benefit sector that reported $81K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 88% operating margin.

Mission

The Caney Fork Electric Cooperative Inc. VEBA Trust was formed to provide post retirement health benefits to the retiring employees of Caney Fork Electric.

Program Service Accomplishments

Program 1

The trust was established by Caney Fork Electric Cooperative, Inc. an electrical cooperative. Benefits are limited to individuals eligible for retiree medical benefits under Caney Fork's retiree...

The trust was established by Caney Fork Electric Cooperative, Inc. an electrical cooperative. Benefits are limited to individuals eligible for retiree medical benefits under Caney Fork's retiree medical plan. The trust may reimburse participants directly for covered expenses or directly to the provider. All amounts will be determined by the terms of the retiree medical plan.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $81,078

Other Revenue $0

TOTAL REVENUE $81,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $9,786

TOTAL EXPENSES $9,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,078	$44,810	+0.8%
Expenses	$9,786	$11,468	-0.1%
Net Income	$71,292	$33,342	+1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY HENRY	Director	1.00	Director	$0	$0	$0
JASON RILEY	Director	1.00	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	$81,078	$9,786	$1,190,703	$71,292
2024	$44,810	$11,468	$1,036,778	$33,342
2023	$13,539	$6,324	$967,596	$7,215
2022	$527,343	$6,632	$907,935	$520,711
2021	$503,269	$1,867	$514,002	$501,402

CANEY FORK ELECTRIC COOPERATIVE INC VEBA TRUST