COBB ELECTRIC MEMBERSHIP CORP (EIN 580198155) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

KEVAN ESPY

Phone

7704292100

Tax Period

2024-01-01 to 2024-12-31

COBB ELECTRIC MEMBERSHIP CORP is a tax-exempt nonprofit with EIN 580198155, based in MARIETTA, GA. Founded in 1938, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $470,116,546 in total revenue and $456,727,219 in total expenses, with net assets of $883,608,839.

Mission

COBB EMC COMMITS TO SAFELY DELIVERING RELIABLE, COMPETITIVELY PRICED ELECTRICITY WHILE BEING ACCOUNTABLE TO OUR MEMBER-OWNERS THROUGH SOUND GOVERNANCE, MANAGEMENT, OPERATING PRACTICES AND IMPROVING QUALITY OF LIFE IN OUR LOCAL COMMUNITIES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $465,063,596

Investment Income $1,405,463

Other Revenue $3,647,487

TOTAL REVENUE $470,116,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,653,077

Fundraising Expenses $0

Other Expenses $448,872,166

TOTAL EXPENSES $456,727,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,116,546	$454,207,158	+0.0%
Expenses	$456,727,219	$440,447,150	+0.0%
Net Income	$13,389,327	$13,760,008	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

413

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

$1,216,530

Total Directors

$805,826

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY P BODNER	CHAIRMAN	10.00	Officer Director	$67,368	$0	$70,118
ERIC BROADWELL	VICE CHAIRMA	10.00	Officer Director	$81,426	$0	$84,176
BRYAN BOYD	SECRETARY/TR	7.00	Officer Director	$94,234	$0	$96,984
DAVID V TENNANT	DIRECTOR	7.00	Director	$58,270	$0	$81,770
RUDY R UNDERWOOD	DIRECTOR	10.00	Director	$101,692	$0	$122,192
WILLIAM C SHARP III	DIRECTOR	10.00	Director	$69,147	$0	$71,897
DAVID MCCLELLAN	DIRECTOR	7.00	Director	$61,513	$0	$81,263
EDWARD CROWELL	DIRECTOR	10.00	Director	$77,734	$0	$101,984
CHARLES M SWANSON	DIRECTOR	7.00	Director	$76,442	$0	$95,442
KEVAN ESPY	PRESIDENT &	50.00	Officer	$843,607	$121,645	$965,252
MICHELLE FORTNER	CFO	50.00	Highest	$476,305	$100,597	$576,902
TIM SOSEBEE	SR VP-BUSINE	50.00	Highest	$396,183	$133,122	$529,305
TIMOTHY HARSHBARGER	VP-HUMAN RES	50.00	Highest	$391,611	$82,274	$473,885
TIM JARRELL	VP-POWER SUP	50.00	Highest	$363,939	$119,291	$483,230
KELSIE DANIELS	VP-INFO. TEC	50.00	Highest	$403,116	$65,663	$468,779

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	$470,116,546	$456,727,219	$1,320,768,104	$13,389,327
2022	$472,050,608	$459,841,282	$1,177,341,705	$12,209,326
2021	$448,648,839	$437,434,333	$1,101,529,853	$11,214,506
2020	$440,537,932	$432,785,644	$1,094,519,856	$7,752,288
2019	$436,028,239	$438,581,451	$999,587,945	$-2,553,212
2018	$445,078,655	$428,756,565	$961,625,506	$16,322,090

COBB ELECTRIC MEMBERSHIP CORP