MITCHELL ELECTRIC MEMBERSHIP CORPORATION (EIN 580353974) - 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

TONY F TUCKER

Phone

2293365221

Tax Period

2024-01-01 to 2024-12-31

MITCHELL ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $85.4M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

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 OR 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 $77,379,411

Investment Income $44,619

Other Revenue $8,018,216

TOTAL REVENUE $85,442,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $713,773

Fundraising Expenses $0

Other Expenses $78,240,337

TOTAL EXPENSES $85,442,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,442,246	$70,086,684	+0.2%
Expenses	$85,442,246	$70,086,684	+0.2%
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

100

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

$550,453

Total Directors

$243,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
W LUCIUS ADKINS JR	CHAIRMAN	12.70	Officer Director	$26,792	$0	$26,792
JOHN B JOHNSON SR	VICE CHAIRMA	9.00	Officer Director	$26,593	$0	$26,593
DOYLE M MEDDERS	SEC-TREAS	4.90	Officer Director	$26,959	$0	$26,959
T RALPH DAVIS JR	DIRECTOR	6.50	Director	$27,236	$0	$27,236
MAX R LEWIS JR	DIRECTOR	5.50	Director	$26,925	$0	$26,925
BILLY SENKBEIL	DIRECTOR	6.50	Director	$28,385	$0	$28,385
JOHNNY COCHRAN	DIRECTOR	6.00	Director	$26,925	$0	$26,925
JOSEPH E RACKLEY IV	DIRECTOR	6.50	Director	$26,925	$0	$26,925
LARRY GLOW	DIRECTOR	6.00	Director	$26,925	$0	$26,925
TONY F TUCKER	PRESIDENT &	50.00	Officer	$294,830	$175,279	$470,109
SARAH E WORTHY	VP FIN & ACC	40.00	Highest	$204,923	$95,967	$300,890
OTIS JOHNSON	CONSTRUCTION	40.00	Highest	$211,148	$88,155	$299,303
JAMES CLIFTON	VP OF ENGINE	40.00	Highest	$198,332	$86,945	$285,277
BRIAN BAGGETT	CONSTRUCTION	40.00	Highest	$196,255	$69,723	$265,978
DEREK J JENNINGS	VP OF TECH S	40.00	Highest	$193,135	$91,468	$284,603

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	$85,442,246	$85,442,246	$264,024,949	No data
2023	$70,086,684	$70,086,684	$222,612,781	No data
2022	$71,421,657	$71,421,657	$197,699,427	No data
2021	$62,723,786	$62,723,786	$187,949,834	No data
2020	$64,832,702	$64,832,702	$182,557,650	No data
2019	$65,151,593	$65,151,593	$186,358,394	No data
2018	$59,590,286	$59,590,286	$177,946,567	No data

MITCHELL ELECTRIC MEMBERSHIP CORPORATION