PITT AND GREENE ELECTRIC MEMBERSHI… - 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

1937

Legal Domicile

Principal Officer

MARK A SUGGS

Phone

2527533128

Tax Period

2025-01-01 to 2025-12-31

PITT AND GREENE ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $29.4M in total revenue in fiscal year 2025. Expenses of $26.3M left a modest 11% 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.

Program Service Accomplishments

Program 1

ELECTRIC DISTRIBUTION CORPORATION SUPPLYING ELECTRIC POWER TO ITS MEMBERS AT 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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $29,268,466

Investment Income $92,457

Other Revenue $75,217

TOTAL REVENUE $29,436,140

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,187,906

Fundraising Expenses $0

Other Expenses $22,091,499

TOTAL EXPENSES $26,279,405

Year-over-Year Comparison

	2025	2024	Change
Revenue	$29,436,140	$27,352,063	+0.1%
Expenses	$26,279,405	$25,837,117	+0.0%
Net Income	$3,156,735	$1,514,946	+1.1%

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

$565,546

Total Directors

$134,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM E ASKEW	VICE PRESIDENT	1.27	Officer Director	$12,516	$2,786	$15,302
KIRBY BELL	DIRECTOR	0.96	Director	$12,000	$2,772	$14,772
JACK EDMONSON	DIRECTOR	0.61	Director	$12,000	$2,780	$14,780
RICHARD S HARPER	DIRECTOR	1.05	Director	$12,000	$2,786	$14,786
JEFFERY N LETCHWORTH	SECRETARY/TREASURER	0.88	Officer Director	$12,000	$2,786	$14,786
GARLAND MOZINGO	DIRECTOR	1.19	Director	$12,000	$2,786	$14,786
JAMES SHACKLEFORD	DIRECTOR	0.95	Director	$12,242	$2,780	$15,022
ERNEST G SMITH	PRESIDENT	2.02	Officer Director	$12,550	$2,786	$15,336
MICHAEL HARDY	DIRECTOR	0.82	Director	$12,000	$2,786	$14,786
MARK A SUGG	GENERAL MANAGER/EVP	50.00	Officer	$429,821	$90,301	$520,122
ANTHONY W BARROW	VICE PRESIDENT OF ENGINEERING	40.00	Highest	$263,736	$53,834	$317,570
PATSY B ROWE	DIRECTOR - FINANCE	40.00	Highest	$206,684	$109,059	$315,743
MILTON M GRANT	DIRECTOR - OPERATIONS	40.00	Highest	$202,530	$67,545	$270,075
TAMMY MURPHY	DIRECTOR OF HUMAN RESOURCE	40.00	Highest	$178,522	$58,695	$237,217
MATT STARLING	DIRECTOR - ENGINEERING	40.00	Highest	$171,282	$114,617	$285,899

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
2025	$29,436,140	$26,279,405	$68,378,359	$3,156,735
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