BLUE RIDGE ENERGY MEMBERS FOUNDATION

EIN: 561793740 501(c)(3)

LENOIR, NC

Total Revenue
$355,731
Total Expenses
$318,745
Total Assets
$139,379
Net Assets
$139,379
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NC
Principal Officer
KATIE M WOODLE
Phone
8287582383
Tax Period
2024-01-01 to 2024-12-31

BLUE RIDGE ENERGY MEMBERS FOUNDATION, founded in 1991, is a small nonprofit that reported $356K in total revenue in fiscal year 2024. Expenses of $319K left a modest 10% surplus.

Mission

PROVIDE ASSISTANCE FOR ELECTRIC AND HEATING UTILITY BILLS AND FINANCIAL SUPPORT FOR NONPROFIT COMMUNITY ORGANIZATIONS THAT MEET EDUCATIONAL, HEALTHCARE, ECONOMIC, AND COMMUNITY DEVELOPMENT NEEDS.

Program Service Accomplishments

Program 1
Expenses: $318,745

PROVIDE ASSISTANCE FOR ELECTRIC AND HEATING UTILITY BILLS AND FINANCIAL SUPPORT FOR NONPROFIT COMMUNITY ORGANIZATIONS THAT MEET EDUCATIONAL, HEALTHCARE, ECONOMIC, AND COMMUNITY DEVELOPMENT NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $355,731
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $355,731

Expense Breakdown

Grants Paid $200,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $318,745
Other Expenses $118,745
TOTAL EXPENSES $318,745

Year-over-Year Comparison

2024 2023 Change
Revenue $355,731 $345,014 +0.0%
Expenses $318,745 $396,290 -0.2%
Net Income $36,986 $-51,276 -1.7%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
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
6
$1,838,467
Total Directors
12
$397,496
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUGLAS W JOHNSON CEO 6.00
Officer
$0 $225,043 $1,192,091
KATIE M WOODLE SVP CFO 10.00
Officer
$0 $59,996 $497,417
JAMES LAWRENCE ASST. SEC-TR 0.15
Officer Director
$0 $0 $38,453
JEFFREY B JOINES PRESIDENT 0.15
Officer Director
$0 $0 $37,726
KELLY MELTON SEC. - TREAS 0.15
Officer Director
$0 $0 $36,607
DAVID EGGERS DIRECTOR 0.15
Director
$0 $0 $36,249
JOHNNY WISHON VICE PRESIDE 0.15
Officer Director
$0 $23,000 $36,173
CINDY PRICE DIRECTOR 0.15
Director
$0 $0 $34,889
JAMES YOUNG DIRECTOR 0.15
Director
$0 $0 $31,371
MITCH FRANKLIN DIRECTOR 0.15
Director
$0 $0 $30,839
BRYAN EDWARDS DIRECTOR 0.15
Director
$0 $0 $30,581
ANGIE MILLER DIRECTOR 0.15
Director
$0 $0 $29,867
DAVID BOONE DIRECTOR 0.15
Director
$0 $0 $28,533
TOM TREXLER DIRECTOR 0.15
Director
$0 $0 $26,208
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 $355,731 $318,745 $139,379 $36,986
2023 $345,014 $396,290 $102,393 $-51,276
2022 $391,201 $325,449 $153,669 $65,752
2021 $322,766 $330,479 $95,407 $-7,713
2020 $367,004 $351,123 $95,630 $15,881
2019 $320,764 $430,173 $79,749 $-109,409
2018 $323,374 $316,430 $189,158 $6,944
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