RUTHERFORD ELECTRIC MEMBERSHIP CORPORATION

EIN: 560386171

FOREST CITY, NC

Total Revenue
$174,495,890
Total Expenses
$174,495,890
Total Assets
$386,056,162
Net Assets
$156,773,431
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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
1940
Legal Domicile
NC
Principal Officer
JEFFREY C BRITTAIN
Phone
8282451621
Tax Period
2025-01-01 to 2025-12-31

RUTHERFORD ELECTRIC MEMBERSHIP CORPORATION, founded in 1940, is a major nonprofit that reported $174.5M in total revenue in fiscal year 2025.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $174,226,208
Investment Income $258,782
Other Revenue $10,900
TOTAL REVENUE $174,495,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,409,147
Fundraising Expenses $0
Other Expenses $148,356,875
TOTAL EXPENSES $174,495,890

Year-over-Year Comparison

2025 2024 Change
Revenue $174,495,890 $167,749,291 +0.0%
Expenses $174,495,890 $167,749,291 +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

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Governance

Voting Members
10
Independent Members
10
Employees
209
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
7
$722,356
Total Directors
10
$303,353
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY C BRITTAIN GENERAL MANA 50.00
Officer
$273,835 $30,383 $304,218
S DIRK BURLESON GENERAL MGR. 50.00
Officer
$275,964 $11,147 $287,111
BRAD BRIDGES DIRECTOR-DIS 50.00
Highest
$180,857 $74,110 $254,967
TOMMY W CHAPMAN VP-MEMBER & 50.00
Highest
$211,149 $30,628 $241,777
THOMAS HAIRE VP-ENGINEERI 50.00
Highest
$179,499 $55,234 $234,733
JOHN W JONES III MANAGER OF O 50.00
Highest
$150,723 $67,183 $217,906
COLON L SAUNDERS VP-OPERATION 50.00
Highest
$198,123 $13,460 $211,583
J DEAN CARPENTER PRESIDENT 1.79
Officer Director
$38,357 $0 $38,357
AMY P TORVINEN DIRECTOR 1.92
Director
$37,761 $0 $37,761
MARCUS MULLEN DIRECTOR 2.16
Director
$37,686 $0 $37,686
JOSEPH N QUINN DIRECTOR 1.77
Director
$37,150 $0 $37,150
VAN SAMUEL BOYD DIRECTOR 1.58
Director
$37,057 $0 $37,057
JILL P LOVELL ASST. SECRET 0.95
Officer Director
$36,286 $0 $36,286
JOEL Z WAKEFIELD DIRECTOR 2.92
Director
$22,672 $0 $22,672
ROBYN HOUSER TREASURER 1.60
Officer Director
$22,472 $0 $22,472
ROBBY R EUREY SECRETARY 1.16
Officer Director
$20,693 $0 $20,693
TIMOTHY E STOWE VICE PRESIDE 1.49
Officer Director
$13,219 $0 $13,219
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 $174,495,890 $174,495,890 $386,056,162 No data
2024 No data No data No data No data
2023 $172,283,874 $172,283,874 $368,355,438 No data
2022 $154,765,252 $154,765,252 $344,224,971 No data
2021 $140,339,107 $140,339,107 $332,630,081 No data
2020 $141,217,343 $141,217,343 $327,227,029 No data
2019 $137,903,799 $137,903,799 $320,841,491 No data
2018 $141,369,426 $141,657,492 $306,959,919 $-288,066
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