JACKSON ELECTRIC MEMBERSHIP CORPORATION (EIN 580301471) - 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

1938

Legal Domicile

Principal Officer

ERNEST A CHIP JAKINS III

Phone

7063675281

Tax Period

2023-01-01 to 2023-12-31

JACKSON ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a major nonprofit that reported $643.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $635,536,508

Investment Income $4,683,993

Other Revenue $2,996,364

TOTAL REVENUE $643,216,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,293,613

Fundraising Expenses $0

Other Expenses $592,248,180

TOTAL EXPENSES $643,216,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$643,216,865	$690,430,146	-0.1%
Expenses	$643,216,865	$690,430,146	-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

515

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

$1,135,702

Total Directors

$290,683

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY CHANDLER	CHAIRMAN	4.00	Officer Director	$52,011	$0	$52,011
LYNN PRICE	VICE CHAIRMA	4.00	Officer Director	$51,261	$0	$51,261
SHADE STOREY	SECRETARY/TR	3.00	Officer Director	$21,500	$0	$21,500
OTIS JONES	DIRECTOR	3.00	Director	$43,528	$0	$43,528
CHARLES B STEELE	DIRECTOR	3.00	Director	$31,076	$0	$31,076
BILL E CARPENTER	DIRECTOR	3.00	Director	$7,182	$0	$7,182
STEVE BLAIR	DIRECTOR	3.00	Director	$24,500	$0	$24,500
JOHN MITCHELL	DIRECTOR	3.00	Director	$7,000	$0	$7,000
ALTON THORNTON	DIRECTOR	3.00	Director	$19,625	$0	$19,625
SARAH MCKINNEY	DIRECTOR	3.00	Director	$25,000	$0	$25,000
PHILLIP SUTTON	DIRECTOR	3.00	Director	$8,000	$0	$8,000
ERNEST A CHIP JAKINS III	PRESIDENT &	50.00	Officer	$776,969	$233,961	$1,010,930
ROY A STOWE	COO	50.00	Highest	$1,187,880	$172,745	$1,360,625
AMY W ROUSE	EXEC VP/CORP	50.00	Highest	$394,182	$130,343	$524,525
JOSEPH L DOROUGH	VP-ENGINEERI	50.00	Highest	$363,620	$145,478	$509,098
PRESTON L CHAPMAN	EXEC VP/EXT	50.00	Highest	$410,265	$139,155	$549,420
BRITTANY CAISON	VP MARKETING	50.00	Highest	$333,195	$124,302	$457,497

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	No data	No data	No data	No data
2023	$643,216,865	$643,216,865	$1,372,521,376	No data
2022	$690,430,146	$690,430,146	$1,306,228,327	No data
2021	$616,720,445	$616,720,445	$1,224,303,203	No data
2020	$614,807,083	$614,807,083	$1,180,710,221	No data
2019	$612,612,090	$612,612,090	$1,129,645,634	No data
2018	$588,198,351	$588,198,351	$1,090,188,002	No data

JACKSON ELECTRIC MEMBERSHIP CORPORATION