TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION (EIN 620387653) - 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

Paul Thompson

Phone

8003692111

Tax Period

2022-07-01 to 2023-06-30

TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a major nonprofit that reported $150.6M in total revenue in fiscal year 2022. Expenses of $143.4M left a modest 5% surplus.

Mission

To be the provider of choice for energy related services by exceeding customer expectations and providing community leadership; your partner in a changing and competitive world

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $149,860,331

Investment Income $693,918

Other Revenue $0

TOTAL REVENUE $150,554,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,332,633

Fundraising Expenses $0

Program Expenses $143,411,932

Other Expenses $132,079,299

TOTAL EXPENSES $143,411,932

Year-over-Year Comparison

	2022	2021	Change
Revenue	$150,554,249	$143,230,071	+0.1%
Expenses	$143,411,932	$132,496,661	+0.1%
Net Income	$7,142,317	$10,733,410	-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

135

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

Total Directors

$636,339

Key Employees

$1,054,624

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Paul Thompson	Chief Executive Officer	50	Director Key Emp Highest	$279,817	$94,593	$374,410
Tammy Dixon	Director of H.R. & External Relations	40	Key Emp	$153,492	$99,432	$252,924
Glenn Hale	Director of Finance & Administration	40	Key Emp	$141,329	$100,122	$241,451
Jimmy Beecham	Director of Engineering and Operations	50	Key Emp	$163,926	$21,913	$185,839
Mike Miller	Director	3	Director	$11,726	$19,824	$31,550
Bret Carver	Director	3	Director	$11,044	$19,824	$30,868
Jeffery Downing	Director	3	Director	$10,726	$19,824	$30,550
T P Thompson Jr	Director	3	Director	$10,026	$19,824	$29,850
Mark Linkous	Director	3	Director	$14,044	$12,946	$26,990
Andy Goad	Director	3	Director	$11,658	$12,946	$24,604
Kelby Graves	Director	3	Director	$10,726	$12,946	$23,672
Ronald Bailey	Director	3	Director	$9,476	$12,946	$22,422
Ron Alan Powell	Director	3	Director	$9,408	$12,594	$22,002
Travis Carter	Director	3	Director	$7,840	$7,581	$15,421
Tony Bentle	Director	3	Director	$4,000	$0	$4,000

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	$150,554,249	$143,411,932	$220,282,810	$7,142,317
2022	$143,230,071	$132,496,661	$217,353,336	$10,733,410
2021	$128,697,666	$117,432,769	$202,653,400	$11,264,897
2020	$125,250,731	$116,723,317	$189,992,959	$8,527,414
2019	$132,158,671	$125,944,025	$173,083,476	$6,214,646
2018	$134,032,346	$128,671,088	$168,009,476	$5,361,258

TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION