ROANOKE ELECTRIC MEMBERSHIP CORPORATION (EIN 560378505) - 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

MARSHALL CHERRY

Phone

2522092236

Tax Period

2024-01-01 to 2024-12-31

ROANOKE ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $57.2M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.

Mission

ROANOKE EMC: HTTPS://WWW.ROANOKECOOPERATIVE.COM/ABOUT-US/CORPORATE-STRATEGY/ TO PURSUE INNOVATION RELENTLESSLY AND OFFER THE FINEST, MOST RELIABLE, AND COST-EFFICIENT SERVICES IN THE INDUSTRY. THE CO-OP WILL SERVE MEMBER-OWNERS TIRELESSLY AND ENHANCE THEIR LIVES AND COMMUNITIES. OUR VISION IS THAT THE CO-OP WILL COMMIT TO BEING ONE OF OUR MEMBER-OWNERS MOST TRUSTED SERVICE PROVIDERS AND MOST ADMIRED BY ITS PEERS. ROANOKE CONNECT HOLDINGS, LLC DBA FYBE: HTTPS://WWW.GOFYBE.COM/ABOUT-US/WHO-IS-FYBE/ ENABLING EVERY PERSON AND ORGANIZATION IN RURAL NORTH CAROLINA TO ACHIEVE THEIR FULL POTENTIAL AND THRIVE IN THIS DIGITAL AGE WITH THE HIGHEST QUALITY, MOST RELIABLE HIGH-SPEED FIBER-OPTIC SERVICES.

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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 $55,488,278

Investment Income $734,311

Other Revenue $978,077

TOTAL REVENUE $57,200,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $603,739

Fundraising Expenses $0

Program Expenses $61,724,065

Other Expenses $51,814,976

TOTAL EXPENSES $61,724,065

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,200,666	$46,275,465	+0.2%
Expenses	$61,724,065	$49,356,575	+0.3%
Net Income	$-4,523,399	$-3,081,110	+0.5%

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

$510,540

Total Directors

$167,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLEN SPELLER	CHAIRMAN	8.35	Officer Director	$27,350	$0	$27,350
ROBERT RIDDICK	VICE CHAIRMA	7.23	Officer Director	$19,450	$0	$19,450
DELORES H AMASON	SECRETARY/TR	6.50	Officer Director	$11,550	$0	$11,550
KENNETH JERNIGAN	ASST. SEC/TR	7.35	Officer Director	$15,600	$0	$15,600
CYNTHIA VAUGHAN	DIRECTOR	5.30	Director	$16,750	$0	$16,750
CAROLYN BRADLEY	DIRECTOR	8.63	Director	$18,550	$0	$18,550
DARNELL LEE	DIRECTOR	6.96	Director	$22,150	$0	$22,150
COLUMBUS JEFFERS	DIRECTOR	4.87	Director	$18,100	$0	$18,100
MARVA BOND	DIRECTOR	4.94	Director	$17,650	$0	$17,650
MARSHALL CHERRY	PRESIDENT &	50.00	Officer	$351,140	$85,450	$436,590
ROBERT COUGHLIN	COO, FYBE	50.00	Highest	$260,746	$75,093	$335,839
JEREMY WHITLEY	DIR. FYBE EN	50.00	Highest	$195,501	$42,389	$237,890
JAMES LIVERMAN	VP ENG. & OP	50.00	Highest	$201,359	$54,427	$255,786
MARY BETH LAMPE	VP CORP SVCS	50.00	Highest	$189,779	$39,840	$229,619
ANGELA GORDAN	DIR. CUST. E	50.00	Highest	$181,037	$59,328	$240,365

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	$57,200,666	$61,724,065	$218,226,705	$-4,523,399
2023	$46,275,465	$49,356,575	$192,774,384	$-3,081,110
2022	$50,932,357	$50,834,146	$147,756,295	$98,211
2021	$41,342,380	$41,230,154	$130,270,619	$112,226
2020	$40,452,622	$40,392,230	$123,635,003	$60,392
2019	$43,545,116	$43,545,116	$113,117,475	No data
2018	$39,900,039	$39,900,039	$100,162,307	No data

ROANOKE ELECTRIC MEMBERSHIP CORPORATION