GRADY ELECTRIC MEMBERSHIP CORPORATION (EIN 580264525) - 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

1937

Legal Domicile

Principal Officer

JOHN LONG

Phone

2293774182

Tax Period

2024-01-01 to 2024-12-31

GRADY ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $54.9M in total revenue in fiscal year 2024. Expenses of $52.5M left a modest 4% surplus.

Mission

SALE OF ELECTRICITY TO COOPERATIVE 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 $51,947,154

Investment Income $2,727,278

Other Revenue $175,733

TOTAL REVENUE $54,850,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $823,129

Fundraising Expenses $0

Program Expenses $52,477,649

Other Expenses $46,069,686

TOTAL EXPENSES $52,477,649

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,850,165	$50,788,359	+0.1%
Expenses	$52,477,649	$50,046,006	+0.0%
Net Income	$2,372,516	$742,353	+2.2%

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

$751,457

Total Directors

$111,944

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY BROUILLET	SECRETARY/TREASURER	2.00	Officer Director	$10,500	$0	$10,500
ERIC COHEN	CHAIRMAN	2.00	Officer Director	$20,772	$0	$20,772
JAMES HAMMETT	DIRECTOR	2.00	Director	$15,156	$0	$15,156
TERRY HURST	VICE CHAIRMAN	2.00	Officer Director	$9,000	$0	$9,000
BLAKE STANALAND	DIRECTOR	2.00	Director	$17,172	$0	$17,172
LEE POWELL	DIRECTOR	2.00	Director	$20,172	$0	$20,172
SAMUEL PERKINS	DIRECTOR	2.00	Director	$19,172	$0	$19,172
JOHN LONG	CEO	40.00	Officer	$261,875	$91,672	$353,547
R KYLE HENDERSON	COO	40.00	Officer	$161,673	$46,716	$208,389
JOEL CLAY ULMER	CFO	40.00	Officer	$132,130	$17,119	$149,249
H SCOTT TALIAFERRO	LINE CREW FOREMAN	40.00	Highest	$116,347	$40,960	$157,307
JOHN MARK BRYANT	LINE CREW LEADER	40.00	Highest	$116,909	$27,765	$144,674
JOE KEITH HARRELL	ENGINEERING MANAGER	40.00	Highest	$132,565	$64,465	$197,030
RUSSELL BARRY BISHOP	CONSTRUCTION MANAGER	40.00	Highest	$119,949	$38,783	$158,732
ADAM STARR	MEMBER SERVICES MANAGER	40.00	Highest	$117,815	$15,130	$132,945

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	$54,850,165	$52,477,649	$197,792,520	$2,372,516
2023	$50,788,359	$50,046,006	$160,966,900	$742,353
2022	$52,006,596	$51,729,742	$142,481,155	$276,854
2021	$41,955,759	$41,257,467	$133,402,414	$698,292
2020	$44,028,961	$43,890,080	$131,262,820	$138,881
2019	$41,609,442	$41,473,818	$127,070,348	$135,624
2018	$39,296,015	$39,160,867	$127,061,332	$135,148
2017	$42,503,023	$42,362,902	$114,410,108	$140,121

GRADY ELECTRIC MEMBERSHIP CORPORATION