BLUE RIDGE ELECTRIC MEMBERSHIP CORP (EIN 560160075) - Form 990 Financial Analysis & Trantor Score

🔒

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

1936

Legal Domicile

Principal Officer

KATIE M WOODLE

Phone

8287582383

Tax Period

2024-01-01 to 2024-12-31

BLUE RIDGE ELECTRIC MEMBERSHIP CORP, founded in 1936, is a major nonprofit that reported $162.0M in total revenue in fiscal year 2024.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF BLUE RIDGE EMC

🔒

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 $659,298

Program Service Revenue $155,030,795

Investment Income $488,697

Other Revenue $5,851,275

TOTAL REVENUE $162,030,065

Expense Breakdown

Grants Paid $30,798

Salaries & Benefits $32,790,556

Fundraising Expenses $0

Other Expenses $114,948,501

TOTAL EXPENSES $159,264,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$162,030,065	$161,962,785	+0.0%
Expenses	$159,264,667	$155,745,368	+0.0%
Net Income	$2,765,398	$6,217,417	-0.6%

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

198

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

$4,133,773

Total Directors

$397,496

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS W JOHNSON	EXEC. VP & C	40.00	Officer	$670,446	$225,043	$1,192,091
ALAN MERCK	SVP, COO	50.00	Officer	$428,028	$145,190	$573,218
KATIE M WOODLE	SVP, CFO	40.00	Officer	$437,421	$59,996	$497,417
JULIE O'DELL	SVP, CAO	40.00	Officer	$335,978	$147,351	$483,329
MICHAEL HIGH	DIR. ENG. SE	45.00	Highest	$248,367	$163,332	$411,699
MIKEAL KINCAID	DIR. OF OPER	45.00	Highest	$231,394	$158,501	$389,895
TANNER GREER	SVP CTO	46.00	Officer	$298,340	$74,139	$372,479
JASON SMITH	SVP & CCO	45.00	Officer	$256,667	$64,825	$321,492
JASON LINGLE	DIR. INNOVAT	45.00	Highest	$257,213	$62,853	$320,066
CRYSTAL SPENCER	VP CAO-ELECT	42.00	Officer	$244,976	$48,206	$293,182
RENEE WALKER	DIR. OF PUBL	40.00	Highest	$192,013	$96,048	$288,061
RALPH SEAMON	ENGINEERING	45.00	Highest	$188,023	$70,059	$258,082
BRAD SHIELDS	SVP & EXEC C	1.00	Officer	$176,944	$74,662	$251,606
JOY COFFEY	DIRECTOR	N/A		$48,372	$0	$48,372
JAMES B LAWRENCE	ASST. SEC-TR	7.00	Officer Director	$38,453	$0	$38,453
JEFFREY B JOINES	PRESIDENT	7.82	Officer Director	$37,726	$0	$37,726
KELLY MELTON	SEC. TREASUR	7.18	Officer Director	$36,607	$0	$36,607
DAVID EGGERS	DIRECTOR	7.01	Director	$36,249	$0	$36,249
JOHNNY WISHON	VICE PRESIDE	6.48	Officer Director	$13,173	$23,000	$36,173
CINDY PRICE	DIRECTOR	10.88	Director	$34,889	$0	$34,889
JAMES YOUNG	DIRECTOR	8.78	Director	$31,371	$0	$31,371
MITCH FRANKLIN	DIRECTOR	5.36	Director	$30,839	$0	$30,839
BRYAN EDWARDS	DIRECTOR	4.26	Director	$30,581	$0	$30,581
ANGIE MILLER	DIRECTOR	4.22	Director	$29,867	$0	$29,867
DAVID BOONE	DIRECTOR	3.87	Director	$28,533	$0	$28,533
TOM TREXLER	DIRECTOR	1.97	Director	$26,208	$0	$26,208
BRADLEY MCNEILL	DIRECTOR	N/A		$10,230	$0	$10,230

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	$162,030,065	$159,264,667	$522,978,047	$2,765,398
2023	$161,962,785	$155,745,368	$493,870,204	$6,217,417
2022	$147,526,402	$145,889,020	$510,425,101	$1,637,382
2021	$143,145,236	$142,702,567	$473,740,390	$442,669
2020	$148,280,906	$147,908,235	$458,519,383	$372,671
2019	$143,934,193	$143,371,736	$441,485,632	$562,457
2018	$158,703,517	$155,259,713	$429,223,502	$3,443,804

BLUE RIDGE ELECTRIC MEMBERSHIP CORP