MPD ELECTRIC COOPERATIVE INC

EIN: 854014392 Public & Societal Benefit

BENNETTSVILLE, SC

Total Revenue
$23,307,360
Total Expenses
$23,307,360
Total Assets
$212,788,185
Net Assets
$56,997,893
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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
2020
Legal Domicile
SC
Principal Officer
WILLIAM L FLEMING JR
Phone
8434793855
Tax Period
2022-01-01 to 2022-12-31

MPD ELECTRIC COOPERATIVE INC, founded in 2020, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $23.3M in total revenue in fiscal year 2022. Revenue surged 30% from the prior year, signaling strong growth momentum. Net assets of $57.0M represent 29 months of operating reserves.

Mission

PROVIDING ELECTRICITY DISTRIBUTION SERVICES TO ITS TWO SEC 501(C)(12) MEMBERS.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,305,384
Investment Income $1,976
Other Revenue $0
TOTAL REVENUE $23,307,360

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,360,982
Fundraising Expenses $0
Other Expenses $20,212,669
TOTAL EXPENSES $23,307,360

Year-over-Year Comparison

2022 2021 Change
Revenue $23,307,360 $17,944,836 +0.3%
Expenses $23,307,360 $17,944,836 +0.3%
Net Income $0 N/A 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

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Governance

Voting Members
19
Independent Members
19
Employees
114
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
4
$844,610
Total Directors
19
$252,924
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM L FLEMING JR PRESIDENT (C 40.00
Officer
$562,381 $241,241 $803,622
ROBERT B FLEMING CHIEF OPERAT 40.00
Highest
$562,094 $161,285 $723,379
THOMAS H FREEMAN CHIEF ADMIN 40.00
Highest
$317,182 $131,495 $448,677
LORI A STUCKEY CHIEF CONSUM 40.00
Highest
$312,824 $131,495 $444,319
ROBERT T KIRK VP OPERATION 40.00
Highest
$304,157 $126,270 $430,427
JESSICA MASON VP, ACCOUNTI 40.00
Highest
$311,243 $106,846 $418,089
JOHN ALFORD DIRECTOR 2.00
Director
$13,996 $0 $13,996
JAMES A GOODSON CHAIRMAN 2.00
Officer Director
$13,996 $0 $13,996
SAM P MCINNIS JR VICE CHAIRMA 2.00
Officer Director
$13,996 $0 $13,996
F LASHON SELLERS DIRECTOR 2.00
Director
$13,996 $0 $13,996
RICKY SMITH DIRECTOR 2.00
Director
$13,996 $0 $13,996
LEE C WHITE DIRECTOR 2.00
Director
$13,996 $0 $13,996
MELVIN CARABO DIRECTOR 2.00
Director
$12,996 $0 $12,996
PRESTON GAINEY DIRECTOR 2.00
Director
$12,996 $0 $12,996
EDGAR GORDON DIRECTOR 2.00
Director
$12,996 $0 $12,996
JAMIE T GRANT DIRECTOR 2.00
Director
$12,996 $0 $12,996
DAVID HOWELL DIRECTOR 2.00
Director
$12,996 $0 $12,996
ROBERT NORTON DIRECTOR 2.00
Director
$12,996 $0 $12,996
HAMER PARNELL DIRECTOR 2.00
Director
$12,996 $0 $12,996
DONALD JEFF QUICK DIRECTOR 2.00
Director
$12,996 $0 $12,996
W RONALD QUICK DIRECTOR 2.00
Director
$12,996 $0 $12,996
WILLIAM F BUSTER ROGERS DIRECTOR 2.00
Director
$12,996 $0 $12,996
JANELLE SAULS DIRECTOR 2.00
Director
$12,996 $0 $12,996
DON R TEAL DIRECTOR 2.00
Director
$12,996 $0 $12,996
PATRICK ANN TONEY SECRETARY/TR 2.00
Officer Director
$12,996 $0 $12,996
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 No data No data No data No data
2023 No data No data No data No data
2022 $23,307,360 $23,307,360 $212,788,185 No data
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