DIXIE ELECTRIC MEMBERSHIP CORPORATION (EIN 720170797) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

RANDALL PIERCE

Phone

8446933626

Tax Period

2024-01-01 to 2024-12-31

DIXIE ELECTRIC MEMBERSHIP CORPORATION is a tax-exempt nonprofit with EIN 720170797, based in BATON ROUGE, LA. Founded in 1938, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $274,490,843 in total revenue and $269,003,922 in total expenses, with net assets of $122,779,713.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $272,514,011

Investment Income $301,267

Other Revenue $1,675,565

TOTAL REVENUE $274,490,843

Expense Breakdown

Grants Paid $32,266

Salaries & Benefits $30,656,036

Fundraising Expenses $0

Other Expenses $238,315,620

TOTAL EXPENSES $269,003,922

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,490,843	$255,138,584	+0.1%
Expenses	$269,003,922	$255,029,811	+0.1%
Net Income	$5,486,921	$108,773	+49.4%

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

278

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

$1,034,883

Total Directors

$339,749

Key Employees

$1,190,647

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL BERTHELOT	PRESIDENT	6.20	Officer Director	$38,975	$0	$38,975
RANDY LORIO	VICE PRESIDENT	4.50	Officer Director	$35,933	$0	$35,933
DENNIS LOTT	SECRETARY/TREASURER	2.60	Officer Director	$18,056	$0	$18,056
LESLIE FALKS	DIRECTOR	4.80	Director	$40,995	$0	$40,995
STEVE IRVING	DIRECTOR	2.70	Director	$33,795	$0	$33,795
RICHARD SITMAN	DIRECTOR	6.00	Director	$38,595	$0	$38,595
JILL MCGRAW	DIRECTOR	4.80	Director	$22,381	$0	$22,381
MELISSA DUFRECHE	DIRECTOR	4.60	Director	$12,522	$0	$12,522
EDWARD DELEE	DIRECTOR	2.80	Director	$32,362	$0	$32,362
KEVIN BEAUCHAMP	DIRECTOR	4.50	Director	$16,385	$0	$16,385
TRESA BYRD	DIRECTOR	4.50	Director	$20,564	$0	$20,564
MIKE ANDERSON	DIRECTOR	2.90	Director	$9,372	$0	$9,372
ELINDA TAILLON	DIRECTOR	3.80	Director	$19,814	$0	$19,814
RANDALL PIERCE	GENERAL MANAGER/CHIEF EXEC	50.00	Officer	$493,833	$158,841	$652,674
PEGGY MARANAN	CHIEF FINANCIAL OFFICER	50.00	Officer	$225,634	$63,611	$289,245
PEARL OVERHULTZ	CHIEF CORPORATE SERVICES O	40.00	Key Emp	$178,982	$182,841	$361,823
MARK PHILLIPS	CHIEF ENGINEERING & OPERATIONS OFFICER	45.00	Key Emp	$206,399	$132,917	$339,316
GALEN DUNBAR	CHIEF MEMBER SERVICES OFFICER	41.00	Key Emp	$159,734	$34,533	$194,267
JEFFREY ANDRY	CHIEF STRATEGY & REGULATORY OFFICER	45.00	Key Emp	$241,564	$53,677	$295,241
MATT GIBSON	DIRECTOR OF ENGINEERING	40.00	Highest	$177,350	$51,575	$228,925
TRENT BIGNER	DIRECTOR OF OPERATIONS	42.00	Highest	$165,014	$127,608	$292,622
JOSHUA PRESTRIDGE	CREW LEADER, DISTRICT LINE OPERATIONS	54.00	Highest	$162,767	$72,453	$235,220
BRIAN MERRITT	SERVICEMAN, DISTRICT LINE OPERATIONS	51.00	Highest	$162,180	$28,223	$190,403
CODY GLASCOCK	DISTRICT MANAGER, DISTRICT LINE OPERATIONS	50.00	Highest	$161,889	$86,900	$248,789

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	$274,490,843	$269,003,922	$733,768,271	$5,486,921
2023	$255,138,584	$255,029,811	$712,484,022	$108,773
2022	$316,976,547	$308,931,133	$737,870,324	$8,045,414
2021	$239,155,259	$250,003,619	$725,178,434	$-10,848,360
2020	$202,929,263	$204,442,677	$652,819,146	$-1,513,414
2019	$213,360,066	$212,635,663	$631,285,196	$724,403
2018	$225,447,975	$224,603,902	$629,454,342	$844,073

DIXIE ELECTRIC MEMBERSHIP CORPORATION