MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION (EIN 620293472) - 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

1936

Legal Domicile

Principal Officer

CHRIS JONES

Phone

6154941582

Tax Period

2023-01-01 to 2023-12-31

MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a major nonprofit that reported $897.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION'S MISSION IS TO PROVIDE AFFORDABLE, RELIABLE, SAFE ELECTRICITY AND OUTSTANDING MEMBER 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $885,790,215

Investment Income $2,270,295

Other Revenue $9,261,725

TOTAL REVENUE $897,322,235

Expense Breakdown

Grants Paid $388,443

Salaries & Benefits $5,144,027

Fundraising Expenses $0

Other Expenses $865,972,534

TOTAL EXPENSES $897,322,235

Year-over-Year Comparison

	2023	2022	Change
Revenue	$897,322,235	$956,556,588	-0.1%
Expenses	$897,322,235	$956,556,588	-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

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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

565

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

$1,863,054

Total Directors

$326,340

Key Employees

$3,108,163

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS JONES	PRESIDENT/CE	54.00	Officer	$1,029,800	$331,700	$1,361,500
BRAD GIBSON	COO	55.00	Key Emp	$392,803	$132,769	$544,072
GRAY BATEMAN	CHRO/VP OF H	50.00	Key Emp	$268,920	$166,531	$435,451
THOMAS SUGGS	COO	50.00	Key Emp	$283,318	$124,538	$407,856
CINDY LAYNE	CFO	50.00	Officer	$308,253	$97,571	$405,824
DANIEL DEMENT	VP OPERATION	50.00	Key Emp	$228,977	$123,602	$352,579
KEITH THOMASON	VP ENGINEERI	45.00	Key Emp	$228,992	$150,330	$379,322
P D MYNATT	ASSISTANT GE	45.00	Key Emp	$315,269	$72,403	$387,672
TUAN BLANK	VP FINANCE	50.00	Key Emp	$214,591	$29,914	$244,505
ROBERT WHITE	VP OF COMM R	38.00	Key Emp	$256,372	$100,334	$356,706
ROBERT S LONG	INFORMATION	40.00	Highest	$203,750	$117,610	$321,360
ADAM FEWELL	LINEMAN/SERV	69.00	Highest	$225,861	$65,160	$291,021
DAN C BONDS	LINEMAN/SERV	74.00	Highest	$219,768	$52,000	$271,768
PHILLIP LIM	ANALYTICS AD	40.00	Highest	$209,515	$59,913	$269,428
RYAN STEVENS	LINEMAN/SERV	67.00	Highest	$199,536	$51,150	$250,686
STEVE SEGER	BOARD CHAIR	12.00	Officer Director	$29,480	$0	$47,980
WILL JORDAN	DIRECTOR	8.00	Director	$22,810	$0	$41,310
MIKE WOODS	DIRECTOR	9.00	Director	$27,020	$0	$29,020
ANN LITTLE	DIRECTOR	8.00	Director	$21,310	$0	$21,310
JAMES E MILLS	BOARD VICE C	9.00	Officer Director	$24,230	$0	$24,230
ROSS BRADLEY	DIRECTOR	9.00	Director	$24,430	$0	$24,430
GLORIA O'STEEN	DIRECTOR	10.00	Director	$23,020	$0	$23,020
CHARLES BOWMAN	DIRECTOR	12.00	Director	$21,850	$0	$21,850
DAVID LEE	DIRECTOR	10.00	Director	$24,400	$0	$24,400
HAROLD GORDON BONE JR	DIRECTOR	9.00	Director	$24,440	$0	$24,440
SHERVONDALONN BROWN	DIRECTOR	8.00	Director	$20,830	$0	$20,830
VANESSA JAMES HICKMAN	BOARD SEC/TR	8.00	Officer Director	$23,520	$0	$23,520

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	$897,322,235	$897,322,235	$1,148,117,576	No data
2022	$956,556,588	$956,556,588	$1,060,592,430	No data
2021	$816,151,968	$816,151,968	$972,885,002	No data
2020	$677,185,332	$677,185,332	$942,303,901	No data
2019	$618,622,661	$618,622,661	$665,120,180	No data
2018	$624,241,601	$624,241,601	$656,499,046	No data

MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION