HAYWOOD ELECTRIC MEMBERSHIP CORPORATION (EIN 560193499) - 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

THOMAS H BATCHELOR JR

Phone

8284522281

Tax Period

2024-01-01 to 2024-12-31

HAYWOOD ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $53.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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 $0

Program Service Revenue $53,628,313

Investment Income $152,289

Other Revenue $0

TOTAL REVENUE $53,780,602

Expense Breakdown

Grants Paid $0

Salaries & Benefits $669,303

Fundraising Expenses $0

Other Expenses $49,171,470

TOTAL EXPENSES $53,012,888

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,780,602	$54,062,513	0.0%
Expenses	$53,012,888	$53,429,100	0.0%
Net Income	$767,714	$633,413	+0.2%

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

$536,409

Total Directors

$236,469

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS H BATCHELOR JR	EXEC. VP/CEO	50.00	Officer	$366,318	$66,516	$432,834
JOHN BOATE	ASSISTANT GM	40.00	Highest	$184,749	$25,098	$209,847
JOHN RAINES	TEAM LEADER	40.00	Highest	$145,353	$37,710	$183,063
JOHN CARVER	TEAM LEADER	40.00	Highest	$155,193	$22,521	$177,714
JOSHUA DEAVER	COO	40.00	Highest	$148,426	$26,908	$175,334
STEVEN MILNER	MGR. OF OPER	40.00	Highest	$140,670	$15,759	$156,429
L STEPHEN FOSTER	DIRECTOR	4.00	Director	$53,638	$0	$53,638
JAMES BOYETTE	DIRECTOR	6.00	Director	$52,974	$0	$52,974
LUCAS SORRELLS	VICE PRESIDE	6.00	Officer Director	$29,592	$2,400	$31,992
CLAY TALLEY	SEC./TREASUR	6.00	Officer Director	$26,602	$0	$26,602
ALAN ISRAEL	DIRECTOR	5.00	Director	$3,282	$23,000	$26,282
DAVID NOLAND	ASST. SEC./T	3.00	Officer Director	$18,302	$6,000	$24,302
LARRY CLARK	PRESIDENT	11.00	Officer Director	$15,679	$5,000	$20,679

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	$53,780,602	$53,012,888	$178,821,545	$767,714
2023	$54,062,513	$53,429,100	$169,936,826	$633,413
2022	$51,992,815	$50,771,813	$169,931,039	$1,221,002
2021	$47,361,396	$47,396,097	$163,078,361	$-34,701
2020	$44,366,928	$44,127,739	$163,972,595	$239,189
2019	$43,741,127	$43,399,463	$150,850,323	$341,664
2018	$45,398,168	$45,173,066	$154,197,189	$225,102

HAYWOOD ELECTRIC MEMBERSHIP CORPORATION