TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION (EIN 580465263) - 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

1939

Legal Domicile

Principal Officer

RAPHAEL M GRINBERG

Phone

4789868100

Tax Period

2024-01-01 to 2024-12-31

TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $59.8M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

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 $59,176,704

Investment Income $398,523

Other Revenue $248,881

TOTAL REVENUE $59,824,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $453,729

Fundraising Expenses $0

Other Expenses $56,545,589

TOTAL EXPENSES $59,575,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$59,824,108	$53,549,073	+0.1%
Expenses	$59,575,227	$54,716,698	+0.1%
Net Income	$248,881	$-1,167,625	-1.2%

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

$376,504

Total Directors

$117,619

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENDA P GREEN	CHAIRMAN	4.00	Officer Director	$16,565	$0	$16,565
SAMMY O HALL	VICE-CHAIRMA	1.56	Officer Director	$12,365	$0	$12,365
EDWARD WALKER	DIRECTOR	2.67	Director	$12,099	$0	$12,099
DAN Z GREENE	SECRETARY/TR	3.40	Officer Director	$11,465	$0	$11,465
MARION NELSON	DIRECTOR	2.73	Director	$12,365	$0	$12,365
MIKE S RAINEY III	DIRECTOR	2.38	Director	$12,065	$0	$12,065
GEORGE COMER	DIRECTOR	3.38	Director	$13,565	$0	$13,565
CECIL B PATTERSON	DIRECTOR	2.38	Director	$13,565	$0	$13,565
CHAP NELSON	DIRECTOR	1.55	Director	$13,565	$0	$13,565
RAPHAEL M GRINBERG	CEO	50.00	Officer	$280,277	$55,832	$336,109
DAWN HASKINS	SENIOR EVP A	50.00	Highest	$219,799	$54,160	$273,959
WILLIAM MARSH	COO:TRI-CO.	50.00	Highest	$186,123	$61,588	$247,711
GREGORY MULLIS	COO: TRI-COG	50.00	Highest	$197,285	$49,049	$246,334
DERYL CROSBY	ACCOUNTING C	50.00	Highest	$175,039	$34,526	$209,565
MICHAEL HULETT	OPS. SUPR. S	50.00	Highest	$137,485	$29,891	$167,376

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	$59,824,108	$59,575,227	$190,379,579	$248,881
2023	$53,549,073	$54,716,698	$180,121,890	$-1,167,625
2022	$55,087,354	$56,835,315	$162,878,320	$-1,747,961
2021	$47,083,595	$48,675,267	$134,615,818	$-1,591,672
2020	$44,814,237	$44,814,237	$115,702,069	No data
2019	$49,521,572	$49,521,572	$111,151,431	No data
2018	$47,512,310	$47,512,310	$122,092,917	No data

TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION