Blue Ridge Mountain Electric Membership Corporation (EIN 580165073) - 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

1939

Legal Domicile

Principal Officer

Loyd Allan Glidewell

Phone

7063793121

Tax Period

2024-07-01 to 2025-06-30

Blue Ridge Mountain Electric Membership Corporation, founded in 1939, is a major nonprofit that reported $140.5M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

To cost-effectively distribute electric and broadband services to our members.

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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 $133,998,813

Investment Income $467,968

Other Revenue $6,073,097

TOTAL REVENUE $140,539,878

Expense Breakdown

Grants Paid $0

Salaries & Benefits $626,778

Fundraising Expenses $0

Other Expenses $120,439,868

TOTAL EXPENSES $140,539,878

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,539,878	$124,253,948	+0.1%
Expenses	$140,539,878	$124,253,948	+0.1%
Net Income	$0	$0	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

266

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

$572,378

Total Directors

$98,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arvil Ray Cook Jr	Director	10.00	Director	$10,100	$0	$10,100
Roy Perren	Vice President/Director	10.00	Officer Director	$11,100	$0	$11,100
Cory Payne	Treasurer/Director	10.00	Officer Director	$10,650	$0	$10,650
Danny J Henson	Director	10.00	Director	$11,100	$0	$11,100
Gene Mason	Director	10.00	Director	$11,000	$0	$11,000
Julius Bert Rogers	President/Director	10.00	Officer Director	$11,100	$0	$11,100
Jeffrey L Ledford	Director	10.00	Director	$11,100	$0	$11,100
Jack Lance Jr	Secretary/Director	10.00	Officer Director	$11,100	$0	$11,100
Gayland Trull	Director	10.00	Director	$11,100	$0	$11,100
Loyd Allan Glidewell	General Manager	40.00	Officer	$297,539	$51,144	$348,683
Amanda R Holdaway	Director of Finance and Ac	40.00	Officer	$143,736	$36,009	$179,745
Erik C Brinke	Director of Admin Services	40.00	Highest	$149,294	$43,380	$192,674
Daniel Frizzell	Director of Engineering	40.00	Highest	$140,809	$43,023	$183,832
James Lunsford	Director of Operations	40.00	Highest	$138,571	$38,732	$177,303
David Ellis	Asst. Director of Operatio	40.00	Highest	$152,354	$35,067	$187,421
Ryan Garrett	Line Foreman	40.00	Highest	$174,524	$36,829	$211,353

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	$140,539,878	$140,539,878	$281,942,026	No data
2024	$124,253,948	$124,253,948	$267,497,432	No data
2023	$118,245,767	$118,245,767	$247,009,813	No data
2022	$112,097,199	$112,097,199	$245,553,260	No data
2021	$105,289,272	$105,289,272	$234,397,186	No data
2020	$97,174,490	$97,174,490	$220,193,087	No data
2019	$98,625,357	$98,625,357	$207,364,836	No data

Blue Ridge Mountain Electric Membership Corporation