FRENCH BROAD ELECTRIC MEMBERSHIP C… - Form 990 Financial Data

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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

JOHN L CHANDLER

Phone

8286492051

Tax Period

2024-01-01 to 2024-12-31

FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $87.8M in total revenue in fiscal year 2024.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC.

Program Service Accomplishments

Program 1

THE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, ARE AS FOLLOWS: COST OF POWER: 34,509,977 DISTRIBUTION...

THE SALE AND DISTRIBUTION OF ELECTRICITY TO MEMBERS OF FRENCH BROAD EMC. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES, ARE AS FOLLOWS: COST OF POWER: 34,509,977 DISTRIBUTION MAINTENANCE: 15,558,489 OTHER SALARIES AND WAGES: 13,089,618

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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 $4,132,185

Program Service Revenue $82,049,161

Investment Income $331,285

Other Revenue $1,295,913

TOTAL REVENUE $87,808,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,120,094

Fundraising Expenses $0

Other Expenses $66,312,842

TOTAL EXPENSES $86,888,442

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,808,544	$85,151,420	+0.0%
Expenses	$86,888,442	$83,947,044	+0.0%
Net Income	$920,102	$1,204,376	-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

142

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

$1,284,599

Total Directors

$400,663

Key Employees

$1,101,451

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERY LOVEN	GENERAL MANA	50.00	Officer	$431,422	$309,368	$740,790
GREGORY FOWLER	DISTRICT MAN	50.00	Key Emp	$239,032	$178,425	$417,457
PHYLLIS HOLT	OFFICE MANAG	47.00	Officer	$233,235	$172,888	$406,123
TRACY EVANS	DISTRICT MAN	50.00	Key Emp	$213,162	$189,322	$402,484
DONALD R WEBB	ENG. & OPR.	52.00	Key Emp	$192,406	$89,104	$281,510
REALIGH PEEK	FIBER CREW L	56.00	Highest	$181,773	$64,132	$245,905
HUGH R FLEMING	OPERATIONS M	60.00	Highest	$195,560	$27,325	$222,885
DEWEY R WILLS	SERVICE TECH	59.00	Highest	$170,251	$51,865	$222,116
WILLIAM ROBERTS	LINE CREW LE	53.00	Highest	$154,371	$49,128	$203,499
TOBY BRYANT	LINE CREW LE	50.00	Highest	$156,827	$39,535	$196,362
MARK SNELSON	DIRECTOR	13.00	Director	$43,707	$0	$43,707
GARY T WILDE	TREASURER	13.00	Officer Director	$40,926	$0	$40,926
JAMES M RAY	VICE PRESIDE	13.00	Officer Director	$39,207	$0	$39,207
JILL AUSTIN	DIRECTOR	13.00	Director	$38,807	$0	$38,807
JOHN L CHANDLER	PRESIDENT	12.00	Officer Director	$37,107	$0	$37,107
CHAD BRADLEY	DIRECTOR	11.00	Director	$36,807	$0	$36,807
PAUL BADGLEY	DIRECTOR	12.00	Director	$36,707	$0	$36,707
CARL RAMSEY	DIRECTOR	11.00	Director	$35,772	$0	$35,772
JERRY GRIFFITH	DIRECTOR	11.00	Director	$35,607	$0	$35,607
KEITH A KUHNE	DIRECTOR	11.00	Director	$35,570	$0	$35,570
GORDON RANDOLPH	SECRETARY	13.00	Officer Director	$20,446	$0	$20,446

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	$87,808,544	$86,888,442	$201,532,362	$920,102
2023	$85,151,420	$83,947,044	$167,501,334	$1,204,376
2022	$81,303,318	$79,967,147	$156,310,357	$1,336,171
2021	$74,254,119	$72,938,203	$153,825,351	$1,315,916
2020	$62,238,759	$61,697,350	$142,237,716	$541,409
2019	$67,081,045	$66,181,817	$133,845,671	$899,228
2018	$69,741,483	$68,874,642	$128,517,295	$866,841

FRENCH BROAD ELECTRIC MEMBERSHIP CORPORATION