TIDELAND ELECTRIC MEMBERSHIP CORPORATION (EIN 560993598) - 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

1941

Legal Domicile

Principal Officer

PAUL G SPRUILL

Phone

2529433046

Tax Period

2024-01-01 to 2024-12-31

TIDELAND ELECTRIC MEMBERSHIP CORPORATION, founded in 1941, is a mid-sized nonprofit that reported $55.1M in total revenue in fiscal year 2024.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF TEMC

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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 $54,446,370

Investment Income $129,074

Other Revenue $567,357

TOTAL REVENUE $55,142,801

Expense Breakdown

Grants Paid $21,945

Salaries & Benefits $7,909,051

Fundraising Expenses $0

Other Expenses $43,222,656

TOTAL EXPENSES $54,721,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$55,142,801	$52,378,506	+0.1%
Expenses	$54,721,604	$51,949,525	+0.1%
Net Income	$421,197	$428,981	0.0%

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

$679,614

Total Directors

$166,900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL G SPRUILL	CEO	40.00	Officer	$288,088	$81,802	$369,890
JIM CHRISMAN	CFO	40.00	Officer	$189,270	$50,254	$239,524
MYRA BEASLEY	HR/RISK MGMT	40.00	Highest	$140,293	$50,880	$191,173
MICHAEL MARSLENDER	LINE SUPERIN	40.00	Highest	$129,349	$57,195	$186,544
KAREN HEFFLEY	CONTROLLER	40.00	Highest	$111,868	$71,015	$182,883
HEIDI SMITH	MGR. ENERGY	40.00	Highest	$111,072	$64,121	$175,193
WAYNE BRACKIN	DIR OF JT&S/	40.00	Highest	$112,910	$57,449	$170,359
J DOUGLAS BRINSON	PRESIDENT	17.00	Officer Director	$25,600	$0	$25,600
WAYNE SAWYER	DIRECTOR	11.00	Director	$21,700	$0	$21,700
CHARLES SLADE	DIRECTOR	7.00	Director	$21,200	$0	$21,200
MARK CARAWAN	SECRETARY	8.00	Officer Director	$16,200	$0	$16,200
DAVID IPOCK	TREASURER	7.00	Officer Director	$14,200	$0	$14,200
GARRY JORDAN	DIRECTOR	6.00	Director	$14,200	$0	$14,200
CLIFTON PAUL	VICE PRESIDE	5.00	Officer Director	$14,200	$0	$14,200
RUDY AUSTIN	DIRECTOR	6.00	Director	$13,700	$0	$13,700
PAUL SASNETT	DIRECTOR	7.00	Director	$13,200	$0	$13,200
DAWSON PUGH	DIRECTOR	6.00	Director	$12,700	$0	$12,700

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	$55,142,801	$54,721,604	$162,292,544	$421,197
2023	$52,378,506	$51,949,525	$158,206,802	$428,981
2022	$52,138,305	$52,512,029	$160,063,716	$-373,724
2021	$49,716,262	$49,642,410	$155,003,665	$73,852
2020	$50,890,178	$50,707,151	$148,552,331	$183,027
2019	$50,823,070	$50,999,730	$139,552,488	$-176,660
2018	$50,848,397	$50,818,582	$135,354,301	$29,815

TIDELAND ELECTRIC MEMBERSHIP CORPORATION