Black Warrior Electric Membership Corporation

EIN: 630023263

Demopolis, AL

Total Revenue
$48,887,342
Total Expenses
$48,887,342
Total Assets
$80,837,487
Net Assets
$72,775,317
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
AL
Principal Officer
Daryl L Jones
Phone
3342890845
Tax Period
2024-01-01 to 2024-12-31

Black Warrior Electric Membership Corporation, founded in 1938, is a mid-sized nonprofit that reported $44.6M in total revenue in fiscal year 2018.

Mission

To provide electric service to cooperative members in West Alabama at the lowest cost consistent with sound economy and good management.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $48,599,355
Investment Income $172,684
Other Revenue $115,303
TOTAL REVENUE $48,887,342

Expense Breakdown

Grants Paid $0
Salaries & Benefits $543,266
Fundraising Expenses $0
Other Expenses $45,882,688
TOTAL EXPENSES $48,887,342

Year-over-Year Comparison

2024 2023 Change
Revenue $48,887,342 $49,996,338 0.0%
Expenses $48,887,342 $50,017,948 0.0%
Net Income $0 $-21,610 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
65
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
2
$458,316
Total Directors
9
$84,950
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Terry Barr Trustee-President 4.00
Director
$10,450 $0 $10,450
Irvin Eatman Trustee- Vice President 6.00
Director
$9,750 $0 $9,750
Peter Michael Reynolds Jr Trustee-Secretary 6.00
Director
$9,500 $0 $9,500
Ottice Russelle Trustee 4.00
Director
$9,250 $0 $9,250
John E Lanier Trustee 4.00
Director
$9,250 $0 $9,250
Clyde Fields Trustee 6.00
Director
$9,500 $0 $9,500
William Townsend Kyser III Trustee 4.00
Director
$8,500 $0 $8,500
Audra Browder Trustee 4.00
Director
$9,250 $0 $9,250
Ronnie Hall Trustee 4.00
Director
$9,500 $0 $9,500
Daryl L Jones Manager 60.00
Officer
$235,874 $79,860 $315,734
Dawn G Quarles Office Manager 50.00
Officer
$133,592 $8,990 $142,582
Kipp Clark District Manager 40.00
Highest
$141,328 $104,515 $245,843
Richard Washburn District Manager 40.00
Highest
$141,943 $43,136 $185,079
JA Sharpe District Manager 40.00
Highest
$145,873 $31,848 $177,721
John E Barnes District Manager 40.00
Highest
$142,050 $32,214 $174,264
J Lealon Davis District Manager 40.00
Highest
$142,027 $38,045 $180,072
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 $48,887,342 $48,887,342 $80,837,487 No data
2023 $49,996,338 $50,017,948 $79,274,336 $-21,610
2022 $46,551,724 $46,551,724 $80,681,833 No data
2021 $42,843,236 $42,843,236 $79,787,919 No data
2020 $42,608,836 $42,608,836 $78,410,469 No data
2019 $43,306,184 $43,306,184 $76,281,084 No data
2018 $44,596,965 $44,596,965 $76,256,656 No data
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