FLINT ELECTRIC MEMBERSHIP CORPORATION (EIN 580456574) - 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

JEREMY NELMS

Phone

4788473415

Tax Period

2024-01-01 to 2024-12-31

FLINT ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a major nonprofit that reported $266.6M in total revenue in fiscal year 2024.

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $260,958,740

Investment Income $2,435,890

Other Revenue $3,199,224

TOTAL REVENUE $266,593,854

Expense Breakdown

Grants Paid $0

Salaries & Benefits $818,594

Fundraising Expenses $0

Other Expenses $253,180,794

TOTAL EXPENSES $266,593,854

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,593,854	$250,058,643	+0.1%
Expenses	$266,593,854	$250,058,643	+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

257

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

$667,808

Total Directors

$284,245

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEAL L TALTON	CHAIRMAN	5.25	Officer Director	$39,542	$0	$39,542
DAVID H CLEVELAND	VICE CHAIRMA	6.75	Officer Director	$32,272	$0	$32,272
JEFF WAINWRIGHT	SECRETARY/TR	6.25	Officer Director	$31,707	$0	$31,707
JANE PERFECT	ASSISTANT SE	2.75	Officer Director	$29,938	$0	$29,938
CLARENCE ROBINSON JR	DIRECTOR	5.00	Director	$28,932	$0	$28,932
DONALD CHASE	DIRECTOR	5.25	Director	$31,456	$0	$31,456
LEIGHTON COOLEY	DIRECTOR	5.25	Director	$30,602	$0	$30,602
PATRICK J BRASKI	DIRECTOR	3.50	Director	$27,004	$0	$27,004
STEPHEN D WILLIAMS	DIRECTOR	3.50	Director	$32,792	$0	$32,792
JEREMY NELMS	PRESIDENT/CE	50.00	Officer	$378,084	$156,265	$534,349
WALKER FRICKS	VP ENGINEERI	50.00	Highest	$228,036	$78,795	$306,831
JIMMY BIGLER	VP TECHNOLOG	50.00	Highest	$202,911	$80,208	$283,119
LAQUITA MCCRARY	VP CORP SERV	50.00	Highest	$189,889	$78,070	$267,959
ROGIE ROBERSON	VP MEMBER SO	50.00	Highest	$174,458	$70,483	$244,941
MARIAN MCLEMORE	VP COOP COMM	50.00	Highest	$166,362	$78,070	$244,432

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	$266,593,854	$266,593,854	$541,362,244	No data
2024	$266,593,854	$266,593,854	$541,362,244	No data
2023	$250,058,643	$250,058,643	$484,003,601	No data
2022	$250,834,907	$251,490,391	$439,600,941	$-655,484
2021	$228,845,858	$228,845,858	$399,054,796	No data
2020	$218,071,463	$218,071,463	$389,155,351	No data
2019	$225,580,479	$225,580,479	$381,623,901	No data
2018	$229,251,102	$229,251,102	$372,959,718	No data

FLINT ELECTRIC MEMBERSHIP CORPORATION