JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION (EIN 560283268) - 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

MICHELLE HEFNER

Phone

9103531940

Tax Period

2023-01-01 to 2023-12-31

JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a major nonprofit that reported $159.9M in total revenue in fiscal year 2023.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF JOEMC.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $159,339,818

Investment Income $175,055

Other Revenue $354,214

TOTAL REVENUE $159,869,087

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,023,300

Fundraising Expenses $0

Other Expenses $130,186,158

TOTAL EXPENSES $156,625,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,869,087	$152,637,282	+0.0%
Expenses	$156,625,850	$149,511,415	+0.0%
Net Income	$3,243,237	$3,125,867	+0.0%

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

194

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

$1,115,143

Total Directors

$257,958

Key Employees

$1,533,203

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN L PIERCE	CHAIRMAN	4.50	Officer Director	$39,098	$0	$39,098
THOMAS D WALLER	VICE CHAIRMA	2.50	Officer Director	$22,220	$0	$22,220
DOUGLAS C PARKER	DIRECTOR	2.00	Director	$20,362	$0	$20,362
IRIS HORNE	DIRECTOR	3.50	Director	$27,315	$0	$27,315
ROBERT L DAUGHETY	DIRECTOR	3.00	Director	$23,620	$0	$23,620
DALE POWELL	DIRECTOR	2.50	Director	$21,015	$0	$21,015
CECIL S HARGETT JR	SECRETARY/TR	2.50	Officer Director	$20,878	$0	$20,878
NELSON EARL BURGESS	DIRECTOR	3.00	Director	$31,048	$0	$31,048
BRANDON TODD HOWARD	DIRECTOR	2.50	Director	$30,635	$0	$30,635
MICHAEL CHAD MEADOWS	DIRECTOR	2.50	Director	$21,767	$0	$21,767
JEFFERY T CLARK	CEO ADVISOR	50.00	Officer	$469,291	$40,978	$510,269
RAY GARY	CEO	50.00	Officer	$76,443	$3,109	$79,552
JEFFREY HUDSON	COO	50.00	Officer	$129,178	$14,846	$144,024
MICHELLE HEFNER	VP FIN & ACC	50.00	Officer	$223,915	$75,187	$299,102
WANDA JONES	VP COMMERCIA	50.00	Key Emp	$223,905	$30,777	$254,682
JEFF ALLEN	VP OPERATION	40.00	Key Emp	$208,254	$158,137	$366,391
ANDREA AVERY	VP HR	40.00	Key Emp	$198,972	$247,450	$446,422
DEVIN COSTA	VP IT	40.00	Key Emp	$166,319	$46,863	$213,182
TIMOTHY SPENCER	VP ENGINEERI	40.00	Key Emp	$192,478	$60,048	$252,526
STEVE GOODSON	VP ENERGY SV	50.00	Highest	$228,986	$20,315	$249,301
CARRIE PETERS	VP ENERGY SO	50.00	Highest	$200,183	$33,287	$233,470
RICKY MAREADY	DISTRICT VP	40.00	Highest	$178,066	$33,742	$211,808
ANDY SHEPARD	VP TECH STRA	40.00	Highest	$185,378	$47,105	$232,483
BARBARA SILLIMAN-MARSHBURN	MEMBER SVCS	40.00	Highest	$165,598	$17,558	$183,156
THOMAS PRITCHARD	CUEO FORMER	N/A		$592,703	$0	$592,703

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	No data	No data	No data	No data
2023	$159,869,087	$156,625,850	$378,771,852	$3,243,237
2022	$152,637,282	$149,511,415	$364,024,262	$3,125,867
2021	$148,598,141	$144,316,553	$354,278,358	$4,281,588
2020	$143,959,262	$140,520,807	$349,865,745	$3,438,455
2019	$146,017,050	$142,427,339	$334,302,777	$3,589,711
2018	$156,227,199	$153,779,187	$324,014,553	$2,448,012

JONES-ONSLOW ELECTRIC MEMBERSHIP CORPORATION