WASHINGTON ELECTRIC MEMBERSHIP CORPORATION (EIN 580478785) - 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

WENDY H SELLERS

Phone

4785522577

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a mid-sized nonprofit that reported $53.5M in total revenue in fiscal year 2024. Revenue decreased 18% 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $52,991,358

Investment Income $132,078

Other Revenue $337,481

TOTAL REVENUE $53,460,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,723,074

Fundraising Expenses $0

Other Expenses $48,520,107

TOTAL EXPENSES $53,460,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,460,917	$64,821,678	-0.2%
Expenses	$53,460,917	$64,821,678	-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

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

$491,356

Total Directors

$107,341

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE MICHAEL MCDONALD	CHAIRMAN	3.00	Officer Director	$19,065	$0	$19,065
BRENDA ENGLISH	SECRETARY/TR	3.00	Director	$15,915	$0	$15,915
MICHAEL BECKWORTH	VICE CHAIRMA	3.00	Officer Director	$15,565	$0	$15,565
WILLIAM T HELTON	DIRECTOR	3.00	Director	$13,315	$0	$13,315
MILDRED JACKSON	DIRECTOR	3.00	Officer Director	$14,451	$0	$14,451
JEFFREY T LACKSEN	DIRECTOR	3.00	Director	$14,515	$0	$14,515
KENNETH L VICKERS	DIRECTOR	3.00	Director	$14,515	$0	$14,515
WENDY H SELLERS	PRESIDENT &	50.00	Officer	$313,100	$129,175	$442,275
MICHAEL DAVIS	VP OF FINANC	50.00	Highest	$186,535	$84,732	$271,267
KEVIN MORRIS	COO	50.00	Highest	$200,345	$47,827	$248,172
CHRIS BIGGERS	VP INFORMATI	50.00	Highest	$172,709	$81,299	$254,008
ZAN HELTON	ENGINEERING	50.00	Highest	$131,760	$73,899	$205,659
RICHARD L HODGES	LINE FOREMAN	50.00	Highest	$133,276	$61,076	$194,352

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	$53,460,917	$53,460,917	$171,152,692	No data
2023	$64,821,678	$64,821,678	$143,528,118	No data
2022	$48,227,831	$48,227,831	$120,334,964	No data
2021	$40,840,577	$40,840,577	$97,744,421	No data
2020	$38,073,689	$38,073,689	$91,286,252	No data
2019	$38,703,650	$38,703,650	$88,731,253	No data
2018	$39,829,999	$39,829,999	$86,726,878	No data

WASHINGTON ELECTRIC MEMBERSHIP CORPORATION