TRICO ELECTRIC CHARITABLE TRUST

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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

1995

Legal Domicile

Principal Officer

BRIAN HEITHOFF

Phone

5207442944

Tax Period

2020-01-01 to 2020-12-31

TRICO ELECTRIC CHARITABLE TRUST, founded in 1995, is a small nonprofit in the Human Services sector that reported $509K in total revenue in fiscal year 2020. Revenue surged 465% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 39% operating margin.

Mission

TO PROVIDE CHARITABLE GRANTS TO INDIVIDUALS, FAMILIES, AND ORGANIZATIONS WHICH RESIDE IN THE SERVICE AREA OF TRICO ELECTRIC COOPERATIVE, INC.

Program Service Accomplishments

Program 1

Expenses: $308,669

CHARITABLE ASSISTANCE AND GRANTS INCLUDING ASSISTANCE WITH RENT, MORTGAGE PAYMENTS, UTILITY BILLS, SCHOOL TRIPS, PURCHASE OF EDUCATIONAL MATERIALS, AND MEDICAL BILLS. DUE TO THE COVID-19 PANDEMIC AND THE ECONOMIC IMPACT ON INDIVIDUALS IN THE COOPERATIVE'S SERVICE AREA THE FOUNDATION GRANTED 3 TIMES AS MUCH DURING 2020 WHEN COMPARED TO 2019.

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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 (2020)

Revenue Breakdown

Contributions & Grants $509,284

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $509,284

Expense Breakdown

Grants Paid $308,669

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $308,669

Other Expenses $0

TOTAL EXPENSES $308,669

Year-over-Year Comparison

	2020	2019	Change
Revenue	$509,284	$90,187	+4.6%
Expenses	$308,669	$103,128	+2.0%
Net Income	$200,615	$-12,941	-16.5%

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

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

$37,193

Total Directors

$58,595

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY HINCHLIFFE	PRESIDENT	1.00	Officer Director	$0	$0	$7,830
MARSHA THOMPSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$11,093
BARBARA STOCKWELL	SECRETARY	1.00	Officer Director	$0	$0	$9,918
NICK BUCKELEW	TREASURER	1.00	Officer Director	$0	$0	$8,352
JIM PYERS	ASST SECRETARY/TREASURER	1.00	Director	$0	$0	$6,786
DON BLACK	DIRECTOR	1.00	Director	$0	$0	$6,264
BRAD DESPAIN	DIRECTOR	1.00	Director	$0	$0	$8,352

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
2020	$509,284	$308,669	$221,718	$200,615