DUCK RIVER ELECTRIC MEMBERSHIP CORP

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

JAMES WRIGHT

Phone

9316844621

Tax Period

2024-07-01 to 2025-06-30

DUCK RIVER ELECTRIC MEMBERSHIP CORP, founded in 1936, is a major nonprofit that reported $263.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

OUR PURPOSE IS TO EMPOWER OUR COMMUNITIES AND ENHANCE THE QUALITY OF LIFE FOR OUR MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $263,609,490

PROVIDING ELECTRIC SERVICE TO 86,020 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF...

PROVIDING ELECTRIC SERVICE TO 86,020 MEMBERS PRIMARILY IN BEDFORD, COFFEE, FRANKLIN, GILES, MARSHALL, MAURY AND MOORE COUNTIES IN MIDDLE TENNESSEE SINCE THE FORMATION OF THE COOPERATIVE IN MAY OF 1936.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $262,228,401

Investment Income $1,049,200

Other Revenue $331,889

TOTAL REVENUE $263,609,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,292,144

Fundraising Expenses $0

Program Expenses $263,609,490

Other Expenses $219,388,877

TOTAL EXPENSES $263,609,490

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,609,490	$239,149,236	+0.1%
Expenses	$263,609,490	$239,149,236	+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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

195

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

$905,497

Total Directors

$211,640

Key Employees

$773,365

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY KIMBROUGH	CHAIRMAN	6.82	Officer Director	$26,660	$0	$26,660
MARK WEBB	VICE CHAIRMA	3.84	Officer Director	$16,840	$0	$16,840
DANA SALTERS	SECRETARY	3.58	Officer Director	$19,320	$0	$19,320
PHILIP DUNCAN	TREASURER	6.48	Officer Director	$14,490	$0	$14,490
BUFORD JENNINGS	DIRECTOR	2.96	Director	$11,600	$0	$11,600
JAMES BRENT WILLIS	DIRECTOR	4.90	Director	$17,700	$0	$17,700
BAXTER WHITE	DIRECTOR	5.05	Director	$16,950	$0	$16,950
MIKE ENGLAND	DIRECTOR	3.67	Director	$10,260	$0	$10,260
WAYNE TUCKER	DIRECTOR	5.12	Director	$16,080	$0	$16,080
LYN STACEY	DIRECTOR	4.44	Director	$13,220	$0	$13,220
WILLIAM WILSON	DIRECTOR	4.87	Director	$17,700	$0	$17,700
WILLIAM HENLEY	DIRECTOR	2.69	Director	$12,900	$0	$12,900
BRIAN RIDDLE	DIRECTOR	3.26	Director	$17,920	$0	$17,920
SAMMY MORTON	DIRECTOR	14.00	Director	$0	$0	$0
JAMES WRIGHT	PRESIDENT AN	60.00	Officer	$85,684	$2,387	$88,071
TROY CROWELL	INTERIM PRES	50.00	Officer	$267,243	$218,952	$486,195
MICHELLE HERRMAN	CFO	55.00	Officer	$208,022	$45,899	$253,921
JAMES EDDE	COO	50.00	Key Emp	$182,433	$48,705	$231,138
SCOTT DAHLSTROM	CHIEF ENGINE	45.00	Key Emp	$255,730	$53,278	$309,008
STEVEN HOPKINS	DIRECTOR, CO	46.00	Key Emp	$158,320	$74,899	$233,219
JEFF HOCKADAY	DIST. OPER.	50.00	Highest	$158,403	$65,651	$224,054
LEE PETTES	OPS SUPERVIS	50.00	Highest	$152,761	$95,483	$248,244
JULIE MURDOCK	SR PURCHASIN	43.00	Highest	$154,248	$34,842	$189,090
JEFF HOLT	SR WORKING F	45.00	Highest	$154,210	$32,557	$186,767
SEAN SCHELLER	WORKING FORE	50.00	Highest	$171,540	$36,842	$208,382
SCOTT SPENCE	PRES. & CEO	63.00		$224,431	$10,792	$235,223
JAMES BATES	FORMER CONTR	48.00		$152,289	$24,058	$176,347

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	$263,609,490	$263,609,490	$352,539,811	No data
2024	$239,149,236	$239,149,236	$317,535,633	No data
2023	$235,445,434	$235,445,434	$297,457,935	No data
2022	$219,371,768	$219,371,768	$294,861,810	No data
2021	$201,120,044	$201,120,044	$281,178,497	No data
2020	$197,235,523	$197,235,523	$268,690,729	No data
2019	$204,581,934	$204,581,934	$254,595,401	No data