CUMBERLAND ELECTRIC MEMBERSHIP CORPORATION (EIN 620174870) - 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

Phone

9316452481

Tax Period

2024-07-01 to 2025-06-30

CUMBERLAND ELECTRIC MEMBERSHIP CORPORATION, founded in 1938, is a major nonprofit that reported $404.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $379.1M left a modest 6% surplus.

Mission

ELECTRIC AND TELECOMMUNICATIONS COOPERATIVE

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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 $395,228,515

Investment Income $3,089,756

Other Revenue $6,362,007

TOTAL REVENUE $404,680,278

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,989,309

Fundraising Expenses $0

Program Expenses $375,200,653

Other Expenses $331,160,483

TOTAL EXPENSES $379,149,792

Year-over-Year Comparison

	2024	2023	Change
Revenue	$404,680,278	$364,091,551	+0.1%
Expenses	$379,149,792	$343,919,624	+0.1%
Net Income	$25,530,486	$20,171,927	+0.3%

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

303

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

$1,253,017

Total Directors

$204,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER DAVIS	GENERAL MANAGER	45.00	Officer	$369,449	$331,756	$701,205
ANNEBELLE PITTENGER	MGR, ADMIN DIV	43.00		$236,762	$146,770	$383,532
MARK COOK	MANAGER, BROAD DIV	48.00		$232,113	$122,536	$354,649
WILLIAM ABERNATHY	MGR, OPER DIV	48.00		$239,430	$111,246	$350,676
MICHAEL BLACKWELL	MGR. DISTRICT OPS	50.00		$186,751	$97,293	$284,044
SETH ROBERTS	MANAGER, MEMBER SERVICES	0.00		$188,692	$67,509	$256,201
JONATHAN FIELDER	MGR OF ENGINEERING	45.00		$197,206	$53,002	$250,208
BRAD TAYLOR	MANAGER FIN SVC	44.00	Officer	$196,233	$50,318	$246,551
JOEL MORRIS	SUPERVISOR, SUBSTATION MAINTENANCE	40.00		$175,883	$68,642	$244,525
ANGELA ADKINS	Controller	42.00	Officer	$133,381	$80,030	$213,411
SHELA K WILLIAMS	SEC/TREASURER	15.00	Officer Director	$25,550	$0	$25,550
TOMMY G WHITTAKER	President	12.00	Officer Director	$23,100	$0	$23,100
EDGAR EARL SWAN	Director	15.00	Director	$23,050	$0	$23,050
WESLEY H AYMETT	Vice President	15.00	Officer Director	$23,000	$0	$23,000
EDWARD OLIVER	Director	10.00	Director	$22,200	$0	$22,200
BRYAN WATSON	Director	6.00	Director	$20,900	$0	$20,900
DR K JEAN BEAUCHAMP	ASSIST SEC/TREA	8.00	Officer Director	$20,200	$0	$20,200
CHARLIE R HANCOCK	Director	7.00	Director	$17,400	$0	$17,400
RODNEY SWEARINGEN	Director	12.00	Director	$9,800	$0	$9,800
REX HAWKINS	Director	10.00	Director	$8,000	$0	$8,000
CHARLES D MORGAN	Director	9.00	Director	$7,550	$0	$7,550
MICHAEL A MASON	Director	12.00	Director	$4,050	$0	$4,050

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
2025	$404,680,278	$379,149,792	$686,879,442	$25,530,486
2024	$364,091,551	$343,919,624	$662,631,203	$20,171,927
2023	$355,388,039	$346,845,038	$582,037,721	$8,543,001
2022	$327,722,843	$312,425,575	$559,882,187	$15,297,268
2021	$293,905,888	$281,108,006	$494,919,733	$12,797,882
2020	$284,435,602	$277,323,621	$390,596,115	$7,111,981
2019	$292,117,459	$279,505,759	$367,410,014	$12,611,700
2018	$284,438,947	$270,527,415	$354,376,794	$13,911,532

CUMBERLAND ELECTRIC MEMBERSHIP CORPORATION