CENTRAL ELECTRIC MEMBERSHIP CORPOR… - Form 990 Financial Data

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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

1941

Legal Domicile

Principal Officer

EDWARD B OLDHAM

Phone

9197744900

Tax Period

2024-01-01 to 2024-12-31

CENTRAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1941, is a mid-sized nonprofit that reported $62.2M in total revenue in fiscal year 2024.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF CENTRAL EMC

Program Service Accomplishments

Program 1

SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER...

SAFE AND EFFECTIVE DELIVERY OF ELECTRICITY TO THE MEMBERS OF CENTRAL ELECTRIC MEMBERSHIP CORPORATION. THE THREE LARGEST PROGRAM SERVICES, AS MEASURED BY EXPENSES WERE AS FOLLOWS: COST OF POWER 38,429,814 DEPRECIATION AND AMORTIZATION 5,446,211 OTHER SALARIES AND WAGES 5,376,416

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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 $61,322,698

Investment Income $27,736

Other Revenue $846,496

TOTAL REVENUE $62,196,930

Expense Breakdown

Grants Paid $14,987

Salaries & Benefits $8,179,056

Fundraising Expenses $0

Other Expenses $53,324,270

TOTAL EXPENSES $62,937,508

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,196,930	$58,207,932	+0.1%
Expenses	$62,937,508	$60,109,851	+0.0%
Net Income	$-740,578	$-1,901,919	-0.6%

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

$1,108,324

Total Directors

$212,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD B OLDHAM	CEO & GEN. M	40.00	Officer	$252,966	$87,522	$340,488
TABITHA L WHITLOW	VP FIN & ACT	40.00	Officer	$168,600	$63,307	$231,907
ANGELA D HARE	VP OF CUSTOM	40.00	Officer	$158,439	$67,367	$225,806
JODY B ALBRIGHT	VP OF MEMBER	40.00	Officer	$155,819	$64,844	$220,663
TERRY COLLINS	MANAGER OF O	40.00	Highest	$130,957	$56,798	$187,755
JAMES TAYLOR	MGR PAYROLL/	40.00	Highest	$117,153	$53,254	$170,407
MARTIN JESSUP	OVERHEAD FOR	40.00	Highest	$117,247	$48,424	$165,671
NATHAN STEPHENS	MGR OF ENGIN	40.00	Highest	$112,477	$51,733	$164,210
JILL ADCOCK	DIR OF CUST	40.00	Highest	$116,093	$46,623	$162,716
REBECCA G PASCHAL-COGAN	PRESIDENT	5.72	Officer Director	$26,640	$0	$26,640
CHARLES E CAMERON SR	DIRECTOR	5.72	Director	$25,920	$0	$25,920
C HENRY OUTZ JR	DIRECTOR	4.43	Director	$22,350	$0	$22,350
J THOMAS DALRYMPLE	VICE-PRESIDE	5.55	Officer Director	$22,140	$0	$22,140
NANCY G HOLMES	DIRECTOR	2.73	Director	$21,660	$0	$21,660
HENRY RANDOLPH	DIRECTOR	3.69	Director	$21,000	$0	$21,000
JAMES B BROOKS	SECRETARY-TR	2.27	Officer Director	$20,670	$0	$20,670
TIMOTHY W PRIEST	DIRECTOR	7.08	Director	$20,040	$0	$20,040
W PHILLIP THOMPSON JR	ASST. SECRET	4.15	Officer Director	$20,010	$0	$20,010
L FRANK COMER III	DIRECTOR	2.89	Director	$11,820	$0	$11,820

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	No data	No data	No data	No data
2024	$62,196,930	$62,937,508	$138,040,596	$-740,578
2023	$58,207,932	$60,109,851	$133,265,783	$-1,901,919
2022	$57,299,071	$58,319,002	$127,843,313	$-1,019,931
2021	$58,271,426	$58,537,497	$124,111,878	$-266,071
2020	$54,779,804	$56,650,717	$121,647,932	$-1,870,913
2019	$56,723,945	$58,276,707	$119,274,146	$-1,552,762
2018	$56,895,675	$58,649,416	$117,045,818	$-1,753,741

CENTRAL ELECTRIC MEMBERSHIP CORPORATION