PITT AND GREENE ELECTRIC MEMBERSHIP CORPORATION (EIN 560360850) - 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

1937

Legal Domicile

Principal Officer

MARK A SUGGS

Phone

2527533128

Tax Period

2024-01-01 to 2024-12-31

PITT AND GREENE ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $27.4M in total revenue in fiscal year 2024. Expenses of $25.8M left a modest 6% surplus.

Mission

IT SHALL BE THE AIM OF PITT AND GREENE ELECTRIC MEMBERSHIP CORPORATION TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

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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 $26,759,688

Investment Income $481,412

Other Revenue $110,963

TOTAL REVENUE $27,352,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,375,910

Fundraising Expenses $0

Other Expenses $21,461,207

TOTAL EXPENSES $25,837,117

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,352,063	$25,474,640	+0.1%
Expenses	$25,837,117	$24,189,884	+0.1%
Net Income	$1,514,946	$1,284,756	+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

$624,726

Total Directors

$129,532

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM E ASKEW	VICE PRESIDENT	1.41	Officer Director	$12,000	$2,395	$14,395
KIRBY BELL	DIRECTOR	1.23	Director	$12,000	$2,382	$14,382
JACK EDMONSON	DIRECTOR	0.61	Director	$12,000	$2,390	$14,390
RICHARD S HARPER	DIRECTOR	0.75	Director	$12,000	$2,395	$14,395
JEFFERY N LETCHWORTH	SECRETARY/TREASURER	0.75	Officer Director	$12,000	$2,395	$14,395
GARLAND MOZINGO	DIRECTOR	1.05	Director	$12,000	$2,395	$14,395
JAMES SHACKLEFORD	DIRECTOR	0.73	Director	$12,000	$2,390	$14,390
ERNEST G SMITH	PRESIDENT	1.56	Officer Director	$12,000	$2,395	$14,395
MICHAEL HARDY	DIRECTOR	0.54	Director	$12,000	$2,395	$14,395
MARK A SUGG	GENERAL MANAGER/EVP	40.00	Officer	$494,592	$86,949	$581,541
ANTHONY W BARROW	DIRECTOR - ENGINEERING	40.00	Highest	$247,329	$50,543	$297,872
PATSY B ROWE	DIRECTOR - FINANCE	40.00	Highest	$192,111	$97,728	$289,839
AUSTIN DIXON	CFO	40.00	Highest	$156,890	$68,289	$225,179
MILTON M GRANT	DIRECTOR - OPERATIONS	40.00	Highest	$191,083	$62,388	$253,471
TAMMY MURPHY	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$173,615	$207,123	$380,738

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	$27,352,063	$25,837,117	$65,393,511	$1,514,946
2023	$25,474,640	$24,189,884	$66,011,743	$1,284,756
2022	$24,789,722	$24,000,053	$65,494,171	$789,669
2021	$24,818,628	$22,912,418	$61,131,619	$1,906,210
2020	$23,920,886	$23,189,443	$59,968,714	$731,443

PITT AND GREENE ELECTRIC MEMBERSHIP CORPORATION