THREE NOTCH ELECTRIC MEMBERSHIP CORPORATION (EIN 580462070) - 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

JANET T GRIMSLEY

Phone

8002395377

Tax Period

2023-01-01 to 2023-12-31

THREE NOTCH ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a mid-sized nonprofit that reported $43.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE MEMBERS PROMPT & EFFICIENT SERVICE & ELECTRICITY AT THE LOWEST POSSIBLE COST.

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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 $41,839,313

Investment Income $1,562,812

Other Revenue $0

TOTAL REVENUE $43,402,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $377,276

Fundraising Expenses $0

Program Expenses $42,664,997

Other Expenses $33,390,696

TOTAL EXPENSES $42,664,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,402,125	$36,515,115	+0.2%
Expenses	$42,664,997	$36,238,523	+0.2%
Net Income	$737,128	$276,592	+1.7%

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

$291,165

Total Directors

$149,492

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EARL PHILIP BUCKHALTER	DIRECTOR	5.00	Director	$12,121	$0	$12,121
STACY T COOPER	DIRECTOR	5.00	Director	$30,095	$0	$30,095
SAM HATTAWAY	DIRECTOR	5.00	Director	$30,870	$0	$30,870
JAMES VANN HORNSBY	ASSISTANT SEC/TREAS	5.00	Officer Director	$24,253	$0	$24,253
KIMBLEY RENTZ	VICE CHAIRMAN	5.00	Officer Director	$6,766	$4,000	$10,766
STEPHEN J HOLT	CHAIRMAN	5.00	Officer Director	$15,056	$0	$15,056
KENNETH MASSEY	SECRETARY-TREASURER	5.00	Officer Director	$13,306	$0	$13,306
TONY BRUNER	DIRECTOR	5.00	Director	$1,175	$0	$1,175
BARBARA MEANS	DIRECTOR	5.00	Director	$5,675	$0	$5,675
ALEX JERNIGAN	DIRECTOR	5.00	Director	$6,175	$0	$6,175
JANET GRIMSLEY	CEO	40.00	Officer	$164,275	$63,509	$227,784
ROBERT R WILBOURN	SERVICEMAN	40.00	Highest	$121,834	$40,038	$161,872
WILLIAM T RICHARDSON	OPERATIONS MANAGER	40.00	Highest	$115,214	$51,531	$166,745
MICHAEL BEARD	FOREMAN	40.00	Highest	$122,278	$37,677	$159,955
RAYMOND J SHERRER	STAKING TECHNICIAN	40.00	Highest	$108,381	$48,618	$156,999
JOSHUA K COOK	FOREMAN	40.00	Highest	$111,855	$47,369	$159,224

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	$43,402,125	$42,664,997	$110,389,084	$737,128
2022	$36,515,115	$36,238,523	$103,583,258	$276,592
2021	$33,725,069	$33,026,517	$93,856,850	$698,552
2020	$35,834,964	$35,700,588	$94,535,929	$134,376
2019	$34,981,200	$34,981,200	$110,982,850	No data
2018	$31,570,216	$31,570,216	$107,812,886	No data

THREE NOTCH ELECTRIC MEMBERSHIP CORPORATION