UNION ELECTRIC MEMBERSHIP CORP

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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

1939

Legal Domicile

Principal Officer

GREGORY S ANDRESS

Phone

7042893145

Tax Period

2024-01-01 to 2024-12-31

UNION ELECTRIC MEMBERSHIP CORP, founded in 1939, is a major nonprofit that reported $204.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS AND THE COMMUNITIES WE SERVE BY DELIVERING ON OUR PROMISE TO PROVIDE SAFE, RELIABLE ELECTRIC POWER AND ENERGY SERVICES WITH EXCEPTIONAL VALUE.

Program Service Accomplishments

Program 1

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF UNION EMC. THE CORPORATION'S THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 127,799,254...

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF UNION EMC. THE CORPORATION'S THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES ARE AS FOLLOWS: COST OF POWER 127,799,254 DEPRECIATION EXPENSE 16,075,105 SALARIES 14,448,154

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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 $201,746,612

Investment Income $2,747,868

Other Revenue $366,747

TOTAL REVENUE $204,861,227

Expense Breakdown

Grants Paid $38,189

Salaries & Benefits $21,257,125

Fundraising Expenses $0

Other Expenses $169,043,611

TOTAL EXPENSES $203,629,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$204,861,227	$183,252,830	+0.1%
Expenses	$203,629,298	$183,391,522	+0.1%
Net Income	$1,231,929	$-138,692	-9.9%

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

143

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

$2,279,570

Total Directors

$151,019

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY S ANDRESS	EVP VP & GEN	40.00	Officer	$785,112	$383,851	$1,168,963
DAVID GROSS	VP ENG & OPE	40.00	Officer	$371,017	$154,895	$525,912
THERESA BLACKWELL	VP FIN & ACC	40.00	Officer	$362,104	$153,657	$515,761
WAYNE HATHCOCK	MGR OF ENG	40.00	Highest	$222,898	$118,433	$341,331
CARRIE STROUD	VP COMMS & M	40.00	Highest	$216,568	$122,232	$338,800
JEREMY BLACK	VP INFO SERV	40.00	Highest	$241,203	$97,185	$338,388
LONNIE KIRKLEY	MGR OPERATIO	40.00	Highest	$215,051	$32,810	$247,861
JAMES MURPHY	MGR FINANCE	40.00	Highest	$186,248	$32,781	$219,029
DENT H TURNER	PRESIDENT	5.00	Officer Director	$20,977	$0	$20,977
WINNIE HONEYCUTT	DIRECTOR	4.00	Director	$19,177	$0	$19,177
DAVID G HYATT	VICE PRESIDE	3.00	Officer Director	$17,077	$0	$17,077
GARY BOSTIAN	DIRECTOR	3.00	Director	$15,877	$0	$15,877
TOM J CAUDLE	DIRECTOR	2.00	Director	$15,877	$0	$15,877
DAVID E SMITH	DIRECTOR	2.00	Director	$15,877	$0	$15,877
SUE THREATT	ASST. SEC/TR	2.00	Officer Director	$15,877	$0	$15,877
THOMAS E PORTER JR	DIRECTOR	2.00	Director	$15,277	$0	$15,277
SHERISE JONES	SEC-TREAS	2.00	Officer Director	$15,003	$0	$15,003

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	$204,861,227	$203,629,298	$511,952,330	$1,231,929
2023	$183,252,830	$183,391,522	$493,152,133	$-138,692
2022	$177,639,808	$172,393,569	$441,713,632	$5,246,239
2021	$164,551,221	$165,410,565	$446,683,305	$-859,344
2020	$163,913,640	$164,564,111	$427,874,947	$-650,471
2019	$172,644,679	$167,017,317	$416,034,398	$5,627,362
2018	$170,776,963	$171,175,117	$369,834,080	$-398,154