SALEM ELECTRIC (EIN 930272945) - 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

Anthony Schacher

Phone

5033623601

Tax Period

2025-01-01 to 2025-12-31

SALEM ELECTRIC, founded in 1938, is a mid-sized nonprofit that reported $34.8M in total revenue in fiscal year 2025.

Mission

Provide electric service to 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $34,253,107

Investment Income $508,768

Other Revenue $0

TOTAL REVENUE $34,761,875

Expense Breakdown

Grants Paid $239,918

Salaries & Benefits $2,498,945

Fundraising Expenses $0

Program Expenses $0

Other Expenses $28,733,932

TOTAL EXPENSES $34,761,875

Year-over-Year Comparison

	2025	2024	Change
Revenue	$34,761,875	$34,376,147	+0.0%
Expenses	$34,761,875	$34,376,147	+0.0%
Net Income	$0	$0	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

Governance

Voting Members

Independent Members

Employees

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

$765,845

Total Directors

$62,634

Key Employees

$324,016

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anthony Schacher	General Manager	40	Officer	$347,254	$75,761	$423,015
Jonathan Phillips	Engineering and Operations Manager	40	Key Emp	$260,661	$63,355	$324,016
Christopher Krieck	Administrative Services Manager	40	Officer	$249,875	$63,781	$313,656
Michael Richman	Information Technology Manager	40	Highest	$234,456	$61,813	$296,269
Brian Aicher	Line Superintendent	40	Highest	$231,145	$50,306	$281,451
Zachary Dillingham	Foreman	40	Highest	$213,570	$58,703	$272,273
Darin Jacobsen	Meter Apparatus Tech Lead II	40	Highest	$219,944	$51,190	$271,134
Jacob Knudsen	Member Services Manager	40	Highest	$209,949	$50,382	$260,331
Jeff Anderson	Secretary/Treasurer	7	Officer Director	$13,303	$0	$13,303
Joe Van Meter	Director	7	Director	$12,755	$0	$12,755
Dave Bauer	President	4	Officer Director	$8,565	$0	$8,565
Tim Klarr	Vice President	3	Officer Director	$7,306	$0	$7,306
John Taylor	Director	3	Director	$7,085	$0	$7,085
Jan Bargen	Director	3	Director	$7,064	$0	$7,064
Angie Villery	Director	3	Director	$6,556	$0	$6,556

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	$34,761,875	$34,761,875	$81,469,280	No data
2024	$34,376,147	$34,376,147	$81,232,273	No data
2023	$34,024,045	$34,024,045	$78,984,400	No data
2022	$33,158,579	$33,158,579	$74,755,848	No data
2021	$31,105,436	$31,105,436	$70,962,090	No data
2020	$30,695,715	$30,695,715	$68,651,038	No data

SALEM ELECTRIC