RANDOLPH ELECTRIC MEMBERSHIP CORPORATION

EIN: 560371555

ASHEBORO, NC

Total Revenue
$85,237,716
Total Expenses
$85,237,716
Total Assets
$220,420,405
Net Assets
$75,148,610
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
NC
Principal Officer
DENNIS MABE
Phone
3366255177
Tax Period
2025-01-01 to 2025-12-31

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $85.2M in total revenue in fiscal year 2025.

Mission

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $85,048,343
Investment Income $124,576
Other Revenue $64,797
TOTAL REVENUE $85,237,716

Expense Breakdown

Grants Paid $0
Salaries & Benefits $478,647
Fundraising Expenses $0
Other Expenses $77,130,775
TOTAL EXPENSES $85,237,716

Year-over-Year Comparison

2025 2024 Change
Revenue $85,237,716 $80,699,688 +0.1%
Expenses $85,237,716 $80,699,688 +0.1%
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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
92
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
5
$399,023
Total Directors
9
$153,449
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS MABE CEO 50.00
Officer
$312,443 $12,755 $325,198
AUBIN REYNOLDS VP ENGINEERI 50.00
Highest
$185,907 $62,893 $248,800
JAY ALBRIGHT DISTRICT VP 50.00
Highest
$226,317 $12,717 $239,034
MICHAEL TRENT VP MEM SRVC/ 50.00
Highest
$184,247 $46,360 $230,607
FRED SMITH VP ENGINEERI 50.00
Highest
$209,109 $12,474 $221,583
TRACY BATES LINE SUPERIN 48.60
Highest
$157,270 $51,417 $208,687
TAMMIE PHILLIPS PRESIDENT 8.07
Officer Director
$22,856 $0 $22,856
SCOTT COLE ASST. SEC./T 5.05
Officer Director
$18,006 $0 $18,006
JERRY BOWMAN DIRECTOR 4.16
Director
$14,153 $3,600 $17,753
LEE ISLEY SECRETARY/TR 4.63
Officer Director
$17,306 $0 $17,306
JEFF SUGG DIRECTOR 3.32
Director
$16,606 $0 $16,606
STEVE HARRIS DIRECTOR 4.36
Director
$517 $15,739 $16,256
WILLIAM MANESS VICE PRESIDE 3.16
Officer Director
$57 $15,600 $15,657
DELBERT CRANFORD DIRECTOR 2.37
Director
$2,680 $11,825 $14,505
LARRY ROUTH DIRECTOR 2.29
Director
$14,504 $0 $14,504
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 $85,237,716 $85,237,716 $220,420,405 No data
2024 No data No data No data No data
2023 $72,253,775 $72,253,775 $200,927,558 No data
2022 $73,459,257 $73,459,257 $191,252,584 No data
2021 $65,368,432 $65,368,432 $184,905,403 No data
2020 $65,098,061 $65,098,061 $177,087,957 No data
2019 $69,340,271 $69,340,271 $174,021,842 No data
2018 $70,109,382 $70,109,382 $168,813,055 No data
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RANDOLPH ELECTRIC MEMBERSHIP CORPORATION with other nonprofits in North Carolina and across the country.