ALBEMARLE ELECTRIC MEMBERSHIP CORP (EIN 560475840) - 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

1945

Legal Domicile

Principal Officer

KEVIN HEATH

Phone

2524265735

Tax Period

2025-01-01 to 2025-12-31

ALBEMARLE ELECTRIC MEMBERSHIP CORP, founded in 1945, is a mid-sized nonprofit that reported $37.0M in total revenue in fiscal year 2025. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ALBEMARLE EMC STRIVES TO SAFELY DELIVER RELIABLE POWER AND RELATED ENERGY SOLUTIONS TO OUR MEMBERS AND LOCAL COMMUNITIES BY PROVIDING THE HIGHEST VALUE THROUGH SERVICE EXCELLENCE.

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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 $36,893,120

Investment Income $113,543

Other Revenue $0

TOTAL REVENUE $37,006,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $460,644

Fundraising Expenses $0

Other Expenses $33,934,629

TOTAL EXPENSES $37,006,663

Year-over-Year Comparison

	2025	2024	Change
Revenue	$37,006,663	$33,501,895	+0.1%
Expenses	$37,006,663	$33,501,895	+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

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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

$396,244

Total Directors

$120,150

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN W SPENCE	PRESIDENT	3.78	Officer Director	$15,150	$0	$15,150
ROBERT WHITEHEAD	VICE PRESIDE	2.38	Officer Director	$13,200	$0	$13,200
T CHAD MATHEWS	TREASURER	0.99	Officer Director	$11,800	$0	$11,800
THELMA FINCH-COPELAND	SECRETARY	3.83	Officer Director	$15,600	$0	$15,600
MELVIN RAY ALBERTSON	DIRECTOR	2.10	Director	$12,800	$0	$12,800
LINDA FELTON BURRUS	DIRECTOR	2.85	Director	$14,000	$0	$14,000
ALLEN LAYTON	DIRECTOR	1.89	Director	$13,800	$0	$13,800
JOSIAH A WEBB III	DIRECTOR	0.83	Director	$11,000	$0	$11,000
MICAHEL J WHITEHURST	DIRECTOR	2.15	Director	$12,800	$0	$12,800
KEVIN HEATH	EXEC VP/GM	50.00	Officer	$249,989	$90,505	$340,494
MICHAEL T RIDDICK	MGR OF TECH.	50.00	Highest	$122,157	$66,634	$188,791
BOBBY UPTON	MGR OF OPERA	50.00	Highest	$146,594	$54,603	$201,197
PAUL BYRUM	CREW LEADER	40.00	Highest	$133,710	$50,154	$183,864
ROY O'NEAL	MGR OF OPERA	50.00	Highest	$137,881	$57,317	$195,198
CHRISTOPHER WHITE	LINEMAN 1ST	40.00	Highest	$135,904	$47,227	$183,131

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	$37,006,663	$37,006,663	$103,225,251	No data
2024	$33,501,895	$33,501,895	$100,410,524	No data
2023	$32,082,307	$32,082,307	$97,594,322	No data
2022	$32,358,063	$32,358,063	$94,733,534	No data
2021	$31,566,599	$30,834,562	$90,333,147	$732,037
2020	$29,831,303	$29,831,303	$87,574,134	No data
2019	$31,182,060	$31,182,060	$84,074,392	No data
2018	$31,748,607	$31,748,607	$80,379,933	No data

ALBEMARLE ELECTRIC MEMBERSHIP CORP