EDGECOMBE-MARTIN COUNTY EMC (EIN 560211980) - 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

1936

Legal Domicile

Principal Officer

WINSTON HOWELL

Phone

2528232171

Tax Period

2024-01-01 to 2024-12-31

EDGECOMBE-MARTIN COUNTY EMC, founded in 1936, is a mid-sized nonprofit that reported $32.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF THE COOPERATIVE

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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 $31,723,587

Investment Income $150,019

Other Revenue $370,134

TOTAL REVENUE $32,243,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,406,183

Fundraising Expenses $0

Other Expenses $23,738,955

TOTAL EXPENSES $32,449,581

Year-over-Year Comparison

	2024	2023	Change
Revenue	$32,243,740	$29,738,660	+0.1%
Expenses	$32,449,581	$30,193,887	+0.1%
Net Income	$-205,841	$-455,227	-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

$792,746

Total Directors

$112,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WINSTON HOWELL	CEO	40.00	Officer	$324,956	$102,575	$427,531
MELINDA NIMMO	VP OF FINANC	40.00	Officer	$197,595	$101,070	$298,665
MICHAEL JOHNSON	VP ENGINEERI	40.00	Highest	$215,464	$17,168	$232,632
JAMES STOCKS	VP MEM & IND	40.00	Highest	$200,622	$16,912	$217,534
LISA TOLSON	VP OF HR	40.00	Highest	$169,494	$15,578	$185,072
ETHAN THOMAS	MGR ENG & IT	40.00	Highest	$143,196	$29,437	$172,633
BOBBY WHEELER	LINE COORDIN	40.00	Highest	$141,165	$12,716	$153,881
ELBERT RAY PITT JR	PRESIDENT	3.50	Officer Director	$19,600	$0	$19,600
BILLY TREVATHAN	TREASURER	3.50	Officer Director	$18,350	$0	$18,350
FLOYD WAYNE HARRELL	DIRECTOR	3.50	Director	$16,800	$0	$16,800
REJEANOR SCOTT	DIRECTOR	3.50	Director	$16,200	$0	$16,200
NORMAN ROBERSON	SECRETARY	3.50	Officer Director	$14,600	$0	$14,600
JIMMIE JERNIGAN	VICE PRESIDE	3.50	Officer Director	$14,000	$0	$14,000
HAROLD THOMPSON	DIRECTOR	3.50	Director	$12,800	$0	$12,800

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	$32,243,740	$32,449,581	$73,856,397	$-205,841
2023	$29,738,660	$30,193,887	$74,404,871	$-455,227
2022	$29,118,803	$29,318,794	$72,560,795	$-199,991
2021	$29,232,800	$29,544,343	$71,516,815	$-311,543
2020	$28,123,759	$28,543,294	$70,771,642	$-419,535
2019	$30,391,391	$30,321,744	$70,018,141	$69,647
2018	$30,831,186	$31,371,962	$67,220,543	$-540,776

EDGECOMBE-MARTIN COUNTY EMC