PEE DEE ELECTRIC MEMBERSHIP CORP (EIN 560123345) - 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

1939

Legal Domicile

Principal Officer

DONALD H SPIVEY

Phone

7046942114

Tax Period

2024-01-01 to 2024-12-31

PEE DEE ELECTRIC MEMBERSHIP CORP, founded in 1939, is a mid-sized nonprofit that reported $56.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF PDEMC

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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 $114,461

Program Service Revenue $55,389,744

Investment Income $256,405

Other Revenue $1,039,540

TOTAL REVENUE $56,800,150

Expense Breakdown

Grants Paid $147,231

Salaries & Benefits $9,186,431

Fundraising Expenses $0

Other Expenses $43,787,003

TOTAL EXPENSES $57,418,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$56,800,150	$50,345,401	+0.1%
Expenses	$57,418,937	$51,561,555	+0.1%
Net Income	$-618,787	$-1,216,154	-0.5%

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

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

$920,178

Total Directors

$60,917

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD H SPIVEY	CEO & EXEC.	40.00	Officer	$308,448	$201,862	$510,310
ANTHONY EASON	VP ENG. & OP	40.00	Officer	$183,148	$41,613	$224,761
CHRIS BAXLEY	LINEMAN FIRS	40.00	Highest	$173,372	$51,046	$224,418
CHRIS PARKER	CREW FOREMAN	40.00	Highest	$138,900	$74,265	$213,165
BRYAN STILWELL	CREW FOREMAN	40.00	Highest	$135,738	$47,877	$183,615
BRAD BILLINGSLEY	CREW FOREMAN	40.00	Highest	$136,483	$40,744	$177,227
JESSE PUCKETT	SERVICEMAN	40.00	Highest	$138,248	$19,439	$157,687
JORDAN HILDRETH	VP OF FINANC	40.00	Officer	$123,420	$32,794	$156,214
RICHARD H JOHNSON	PRESIDENT	7.00	Officer Director	$14,972	$0	$14,972
RICHARD V MELTON	DIRECTOR	7.00	Director	$10,156	$0	$10,156
BENJAMIN R LYBRAND	VICE PRESIDE	6.00	Officer Director	$8,765	$0	$8,765
WINNIE M BENNETT	DIRECTOR	2.00	Director	$5,406	$0	$5,406
BENJAMIN MCCALLUM JR	SEC. / TREAS	2.00	Officer Director	$5,156	$0	$5,156
MARCIA A LAMBETH	DIRECTOR	3.00	Director	$5,156	$0	$5,156
ROBERT C DAVIS JR	DIRECTOR	1.00	Director	$3,906	$0	$3,906
PAUL L TURNER III	DIRECTOR	1.00	Director	$2,906	$0	$2,906
CRAIG W RATLIFF	DIRECTOR	1.00	Director	$2,562	$0	$2,562
STEPHEN D THOMPSON	DIRECTOR	1.00	Director	$1,932	$0	$1,932

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	$56,800,150	$57,418,937	$172,664,454	$-618,787
2023	$50,345,401	$51,561,555	$162,330,654	$-1,216,154
2022	$50,616,077	$51,312,461	$162,669,203	$-696,384
2021	$49,211,002	$49,047,310	$156,933,151	$163,692
2020	$47,288,455	$47,923,786	$143,974,115	$-635,331
2019	$47,383,883	$48,982,445	$127,912,878	$-1,598,562
2018	$49,578,270	$51,067,841	$124,687,705	$-1,489,571

PEE DEE ELECTRIC MEMBERSHIP CORP