CARROLL ELECTRIC MEMBERSHIP CORPORATION (EIN 580184715) - 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

1936

Legal Domicile

Principal Officer

TIMOTHY C MARTIN

Phone

7708323552

Tax Period

2024-01-01 to 2024-12-31

CARROLL ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a major nonprofit that reported $148.8M in total revenue in fiscal year 2024.

Mission

SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT THE LOWEST PRICE CONSISTENT WITH HIGH STANDARDS OF SERVICE.

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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 $146,864,554

Investment Income $1,294,823

Other Revenue $682,168

TOTAL REVENUE $148,841,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,259,488

Fundraising Expenses $0

Other Expenses $130,279,658

TOTAL EXPENSES $148,841,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$148,841,545	$141,687,883	+0.1%
Expenses	$148,841,545	$141,687,883	+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

155

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

$900,213

Total Directors

$474,092

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDDIE GORE	CHAIRMAN	15.00	Officer Director	$52,284	$0	$52,284
MAX GOLDIN	DIRECTOR	15.00	Director	$51,370	$0	$51,370
RONNIE JORDAN	SECRETARY-TR	15.00	Officer Director	$62,534	$0	$62,534
EMMETT HARROD	DIRECTOR	20.00	Director	$40,084	$0	$40,084
NAN PHILPOT	DIRECTOR	15.00	Director	$49,184	$0	$49,184
DONNIE BRANNON	DIRECTOR	25.00	Director	$50,584	$0	$50,584
DON DEFOOR	DIRECTOR	18.00	Director	$59,684	$0	$59,684
ALVIN GINN	DIRECTOR	22.00	Director	$56,384	$0	$56,384
LYNN JOYNER	DIRECTOR	15.00	Director	$51,984	$0	$51,984
TIMOTHY C MARTIN	PRES & CEO	50.00	Officer	$496,808	$288,587	$785,395
KEVIN J JOHNSTON	COO	45.00	Highest	$356,785	$92,367	$449,152
JENNIFER HARMON	CFO	50.00	Highest	$277,561	$76,427	$353,988
JAY GILL	SVP MEMBER S	50.00	Highest	$290,503	$74,359	$364,862
KIM JENNINGS	VP HUMAN RES	45.00	Highest	$268,083	$67,020	$335,103
TOMMY COOK	VP CONSTRUCT	50.00	Highest	$250,491	$64,137	$314,628

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	$148,841,545	$148,841,545	$356,044,291	No data
2023	$141,687,883	$141,687,883	$330,953,224	No data
2022	$135,228,596	$135,228,596	$296,778,132	No data
2021	$121,059,427	$121,059,427	$281,988,599	No data
2020	$119,068,203	$119,068,203	$277,120,148	No data
2019	$122,225,195	$122,225,195	$257,203,747	No data
2018	$122,353,862	$122,353,862	$242,201,041	No data

CARROLL ELECTRIC MEMBERSHIP CORPORATION