NonprofitsTri-County Electric Membership Corporation

Tri-County Electric Membership Corporation

DUDLEY, NC

Total revenue

$65.8M

Total expenses

$64.2M

Net assets

$37.7M

Grants received

$29K

5 grants

EIN

560432086

Tax year

2024

Mission

Tri-county electric membership corporation is a member-driven cooperative committed to safely provide reliable electric power, offer superior service, take an active role in supporting the communities it serves

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$65.3M
Investment income$96K
Other revenue$400K
Total revenue$65.8M

Expenses

Grants paid
Salaries & benefits
Fundraising
Other expenses$61.6M
Total expenses$64.2M
Total assets$115.0M
Net assets$37.7M

People

19 listed

NameRoleCompensation

CARL W KORNEGAY JR

PRESIDENT

Board

$27K

8 hrs/wk

WILLIAM FARMER JR

SECRETARY

Board

$24K

8 hrs/wk

KEITH BEAVERS

DIRECTOR

Board

$21K

5 hrs/wk

RANDY MCCULLEN

DIRECTOR

Board

$21K

5 hrs/wk

WORTH OVERMAN JR

DIRECTOR

Board

$20K

4 hrs/wk

DAVID RAY VINSON

VICE-PRESIDENT

Board

$17K

5 hrs/wk

JEFF HENDERSON

DIRECTOR

Board

$12K

3 hrs/wk

AMANDA A MURPHY

DIRECTOR

Board

$12K

3 hrs/wk

BRANDY S ROUSE

TREASURER

Board

$11K

3 hrs/wk

SCOTT G BALLARD

DIRECTOR

Board

$10K

3 hrs/wk

PATRICK LYNCH

DIRECTOR

Board

$10K

3 hrs/wk

J MICHAEL DAVIS

GENERAL MANAGER

Staff

$313K

60 hrs/wk

TONY GRANTHAM

MANAGER OF ENGINEERING

Staff

$203K

55 hrs/wk

KENNETH E DAVIS JR

MANAGER OF FINANCE AND ADMINISTRATION

Staff

$196K

55 hrs/wk

RONNIE G MILLER

LINE SUPERINTENDENT

Staff

$157K

40 hrs/wk

ROY A BEAVERS

LINEMAN FOREMAN

Staff

$155K

55 hrs/wk

JEFFREY W KENNEDY

WORKING FOREMAN

Staff

$150K

40 hrs/wk

DANIEL C HOOD

FOREMAN

Staff

$150K

40 hrs/wk

ROBERT B KORNEGAY

MANAGER MEMBER SVC

Staff

$149K

40 hrs/wk

Independent contractors

LEE ELECTRICAL CONSTRUCTION

SUB STATION CONSTRUCTION

$900K

SUMTER UTILITIES

SUB STATION CONSTRUCTION

$739K

ELECTRICAL CONSULTING ENGINEERS

ELECTRICAL CONSULTING

$643K

DRAW ENTERPRISES INC

SUB STATION CONSTRUCTION

$571K

MASTEC NORTH AMERICA INC

LINE CONSTRUCTION

$444K

Grants received

Showing 5 of 5

FromAmountPurposeYear
$6K
EDUCATIONAL ASSISTANCE
2024
$6K
EDUCATIONAL ASSISTANCE
2023
$6K
EDUCATIONAL ASSISTANCE
2022
$5K
EDUCATIONAL ASSISTANCE
2021
$5K
EDUCATIONAL ASSISTANCE
2020

Funded by

$29K from 1 funder · 5 grants · 2020–2024

North Carolina Electric Membership

$29K · 5 grants · 2020–2024

Details

EIN560432086
Subsection12
Ruling date1961-03
Formed1940
Employees50
TRI-COUNTY ELECTRIC MEMBERSHIP CORPORATION — Mission, Financials & Grants Received | Grantivo