PIEDMONT ELECTRIC MEMBERSHIP CORPORATION (EIN 560358446) - 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

JORDAN OVERBEE

Phone

9197322123

Tax Period

2024-01-01 to 2024-12-31

PIEDMONT ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $79.6M in total revenue in fiscal year 2024.

Mission

TO ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITIES BY EMPOWERING AND PARTNERING WITH OUR MEMBERS. WE STRIVE TO CREATE SUPERIOR VALUE FOR OUR MEMBERS IN AN EVER CHANGING ENERGY ENVIRONMENT.

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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 $78,825,056

Investment Income $123,561

Other Revenue $634,028

TOTAL REVENUE $79,582,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,043,586

Fundraising Expenses $0

Other Expenses $60,776,393

TOTAL EXPENSES $79,582,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,582,645	$76,825,164	+0.0%
Expenses	$79,582,645	$76,825,164	+0.0%
Net Income	$0	N/A	N/A

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

102

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

$726,528

Total Directors

$312,251

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RANDY KINLEY	CHAIRMAN	10.16	Officer Director	$46,287	$0	$46,287
STEVEN BAILEY	VICE-CHAIRMA	7.69	Officer Director	$34,369	$0	$34,369
DAVID POYTHRESS	SECRETARY	5.49	Officer Director	$29,743	$0	$29,743
RICHAL VANHOOK	TREASURER	6.90	Officer Director	$35,595	$0	$35,595
STEPHEN LONG	DIRECTOR	7.81	Director	$28,732	$0	$28,732
CYRUS VERNON	DIRECTOR	6.17	Director	$33,408	$0	$33,408
V KAY SCURLOCK-FERGUSON	DIRECTOR	12.30	Director	$40,214	$0	$40,214
JIMMY THOMAS	DIRECTOR	5.05	Director	$31,005	$0	$31,005
DARREN CHALK	DIRECTOR	6.96	Director	$32,898	$0	$32,898
JORDAN OVERBEE	PRESIDENT/GM	50.00	Officer	$154,576	$11,495	$166,071
STEVE HAMLIN	PRESIDENT/GM	50.00	Officer	$322,369	$92,094	$414,463
SUSAN CASHION	VP COMPL. &	50.00	Highest	$167,330	$79,806	$247,136
LAWRENCE HOPKINS	VP - ENGINEE	50.00	Highest	$255,205	$92,605	$347,810
LISA KENNEDY	VP FINANCIAL	50.00	Highest	$238,789	$79,468	$318,257
ROBERT RILEY	VP OF OPERAT	50.00	Highest	$253,301	$24,741	$278,042
BRANDON REED	MGR OF MBR S	50.00	Highest	$169,135	$63,932	$233,067

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	$79,582,645	$79,582,645	$247,993,916	No data
2023	$76,825,164	$76,825,164	$237,741,149	No data
2022	$67,548,545	$67,548,545	$231,845,259	No data
2021	$66,236,089	$66,236,089	$213,665,239	No data
2020	$66,867,481	$66,867,481	$206,987,330	No data
2019	$65,169,845	$65,169,845	$199,964,059	No data
2018	$66,279,996	$66,279,996	$196,566,468	No data

PIEDMONT ELECTRIC MEMBERSHIP CORPORATION