NonprofitsCobb Electric Membership Corporation

Cobb Electric Membership Corporation

MARIETTA, GA

Total revenue

$470.1M

Total expenses

$456.7M

Net assets

$883.6M

Grants received

$41K

4 grants

EIN

580198155

Tax year

2024

Mission

Cobb emc commits to safely delivering reliable, competitively priced electricity while being accountable to our member-owners through sound governance, management, operating practices and improving quality of life in our local communities.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$465.1M
Investment income$1.4M
Other revenue$3.6M
Total revenue$470.1M

Expenses

Grants paid
Salaries & benefits$1.7M
Fundraising
Other expenses$448.9M
Total expenses$456.7M
Total assets$1.3B
Net assets$883.6M

People

15 listed

NameRoleCompensation

KEVAN ESPY

PRESIDENT &

Board

$844K

50 hrs/wk

RUDY R UNDERWOOD

DIRECTOR

Board

$102K

10 hrs/wk

BRYAN BOYD

SECRETARY/TR

Board

$94K

7 hrs/wk

ERIC BROADWELL

VICE CHAIRMA

Board

$81K

10 hrs/wk

EDWARD CROWELL

DIRECTOR

Board

$78K

10 hrs/wk

CHARLES M SWANSON

DIRECTOR

Board

$76K

7 hrs/wk

WILLIAM C SHARP III

DIRECTOR

Board

$69K

10 hrs/wk

KELLY P BODNER

CHAIRMAN

Board

$67K

10 hrs/wk

DAVID MCCLELLAN

DIRECTOR

Board

$62K

7 hrs/wk

DAVID V TENNANT

DIRECTOR

Board

$58K

7 hrs/wk

MICHELLE FORTNER

CFO

Staff

$476K

50 hrs/wk

KELSIE DANIELS

VP-INFO. TEC

Staff

$403K

50 hrs/wk

TIM SOSEBEE

SR VP-BUSINE

Staff

$396K

50 hrs/wk

TIMOTHY HARSHBARGER

VP-HUMAN RES

Staff

$392K

50 hrs/wk

TIM JARRELL

VP-POWER SUP

Staff

$364K

50 hrs/wk

Independent contractors

PIKE ELECTRIC INC

OUTSIDE SRV

$8.2M

POWERGRID SERVICES LLC

OUTSIDE SRV

$3.7M

INTEGRATED SITEWORK LLC

OUTSIDE SRV

$3.4M

LEWIS TREE SERVICE INC

OUTSIDE SRV

$2.9M

ELITE UTILITY SOLUTIONS

OUTSIDE SRV

$2.1M

Grants received

Showing 4 of 4

FromAmountPurposeYear
$8K
COMMUNITY ASSISTANCE
2024
$11K
COMMUNITY ASSISTANCE
2023
$11K
COMMUNITY ASSISTANCE
2022
$11K
COMMUNITY ASSISTANCE
2021

Funded by

$41K from 1 funder · 4 grants · 2021–2024

Cobb Emc Foundation Inc

$41K · 4 grants · 2021–2024

Details

EIN580198155
Subsection12
Ruling date1942-09
Formed1938
Employees413
COBB ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo