SOUTHWEST TENNESSEE ELECTRIC MEMBERSHIP CORPORATION (EIN 620366645) - Form 990 Financial Analysis & Trantor Score

🔒

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

J KEVIN MURPHY

Phone

7317721322

Tax Period

2022-07-01 to 2023-06-30

SOUTHWEST TENNESSEE ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a major nonprofit that reported $132.8M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $124.2M left a modest 6% surplus.

Mission

PROVIDE ELECTRICITY TO RURAL AREAS OF SOUTHWEST TENNESSEE AT A REASONABLE COST

🔒

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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $129,990,434

Investment Income $2,793,409

Other Revenue $4,527

TOTAL REVENUE $132,788,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,879,009

Fundraising Expenses $0

Program Expenses $124,196,770

Other Expenses $107,317,761

TOTAL EXPENSES $124,196,770

Year-over-Year Comparison

	2022	2021	Change
Revenue	$132,788,370	$121,626,016	+0.1%
Expenses	$124,196,770	$112,872,113	+0.1%
Net Income	$8,591,600	$8,753,903	0.0%

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

164

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

$563,583

Total Directors

$156,602

Key Employees

$358,879

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J KEVIN MURPHY	PRESIDENT	50.00	Officer	$279,113	$56,294	$335,407
WILLIAM GORDON	VP TECHNICAL	50.00	Key Emp	$152,066	$35,523	$187,589
B SCOTT SIMS	VP FINANCE,	50.00	Officer	$157,335	$28,808	$186,143
CLINT MALONE	VP ENGINEERI	50.00	Highest	$138,178	$34,182	$172,360
MICHAEL RUSSELL	VP OPERATION	50.00	Key Emp	$157,335	$13,955	$171,290
DALTON STEPHENSON	JOURNEYMAN L	57.00	Highest	$132,529	$29,624	$162,153
THOMAS CARLTON	JOURNEYMAN L	53.00	Highest	$124,865	$32,922	$157,787
WILLIAM FLANAGAN	JOURNEYMAN L	51.00	Highest	$124,707	$19,023	$143,730
JOSHUA OWEN	JOURNEYMAN L	56.00	Highest	$129,003	$11,945	$140,948
TERRI ROBINSON	DIRECTOR	12.00	Director	$29,621	$0	$29,621
TIM HANKS	DIRECTOR	8.00	Director	$20,726	$0	$20,726
ROBERT KENDRICK	CHAIRMAN	10.00	Officer Director	$20,399	$0	$20,399
DAVID MCDANIEL	DIRECTOR	8.00	Director	$19,417	$0	$19,417
ALLEN KING	DIRECTOR	8.00	Director	$12,970	$0	$12,970
JACKIE BUTLER	DIRECTOR	8.00	Director	$12,621	$0	$12,621
ALLAN FERGUSON	VICE-CHAIRMA	8.00	Officer Director	$11,992	$0	$11,992
DAVID KINNEY	DIRECTOR	8.00	Director	$10,392	$0	$10,392
AUDREY BLUE	SECRETARY/TR	10.00	Officer Director	$9,642	$0	$9,642
MARILYN MEANS	DIRECTOR	8.00	Director	$8,572	$0	$8,572
BRADLEY FRANKS	DIRECTOR	8.00	Director	$250	$0	$250

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$132,788,370	$124,196,770	$248,827,043	$8,591,600
2022	$121,626,016	$112,872,113	$219,052,657	$8,753,903
2022	$121,626,016	$112,872,113	$219,052,657	$8,753,903
2021	$111,377,941	$103,171,914	$185,662,928	$8,206,027
2019	$114,933,234	$108,833,026	$157,614,255	$6,100,208

SOUTHWEST TENNESSEE ELECTRIC MEMBERSHIP CORPORATION