Tri-County Electric Membership Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620387653 ✦ Lafayette, TN ✦ Designated as a 501(c)(12)

Overview

What is Tri-County Electric Membership Corporation?

Tri-County Electric Membership Corporation is a nonprofit organization dedicated to providing energy-related services in South Central Kentucky and Northern Middle Tennessee. With a mission to exceed customer expectations and contribute to community leadership, they serve over 55,000 metered locations in the region. Their commitment extends beyond just distributing electricity; they aim to be the preferred partner in a dynamic and competitive market.


Official website here: www.tcemc.org

Is Tri-County Electric Membership Corporation legitimate?

Tri-County Electric Membership Corporation is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-County Electric Membership Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,257,515
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,279,878

For more financial information, click here


Official website here: www.tcemc.org

What is the mission statement of Tri-County Electric Membership Corporation?

Tri-County Electric Membership Corporation aims to be the preferred provider of energy-related services by surpassing customer expectations and taking a leadership role in the community. With a customer base of over 55,000 metered locations, they distribute electricity in South Central Kentucky and Northern Middle Tennessee. By maintaining a strong commitment to quality and community involvement, Tri-County Electric Membership Corporation positions itself as a reliable partner amidst the challenges and competition in the energy industry. Their goal is to exceed customer satisfaction while making a positive impact on the community.


Official website here: www.tcemc.org

Who is the CEO of Tri-County Electric Membership Corporation?

Paul Thompson is the Chief Executive Officer of Tri-County Electric Membership Corporation. The CEO's salary of Tri-County Electric Membership Corporation is $279,817 and their total compensation is $374,410.


Official website here: www.tcemc.org

What is the revenue of Tri-County Electric Membership Corporation?

Tri-County Electric Membership Corporation's revenue in 2023 was $150,554,249.


Official website here: www.tcemc.org

Who are the executives of Tri-County Electric Membership Corporation and what are their salaries?

The average compensation at Tri-County Electric Membership Corporation during 2023 was $55,833. There are 135 employees at Tri-County Electric Membership Corporation.

Here are 15 key members and their salaries (Tri-County Electric Membership Corporation's CEO's salary is $279,817 and their total compensation is $374,410):

    Paul Thompson (Chief Executive Officer) [Trustee/Director]
  • Compensation: $279,817
  • Related: $0
  • Other: $94,593

    • Tammy Dixon (Director Of H.R. & External Relations)
  • Compensation: $153,492
  • Related: $0
  • Other: $99,432

    • Glenn Hale (Director Of Finance & Administration)
  • Compensation: $141,329
  • Related: $0
  • Other: $100,122

    • Jimmy Beecham (Director Of Engineering And Operations)
  • Compensation: $163,926
  • Related: $0
  • Other: $21,913

    • Mike Miller (Director)
  • Compensation: $11,726
  • Related: $0
  • Other: $19,824

    • Bret Carver (Director)
  • Compensation: $11,044
  • Related: $0
  • Other: $19,824

    • Jeffery Downing (Director)
  • Compensation: $10,726
  • Related: $0
  • Other: $19,824

    • T P Thompson Jr (Director)
  • Compensation: $10,026
  • Related: $0
  • Other: $19,824

    • Mark Linkous (Director)
  • Compensation: $14,044
  • Related: $0
  • Other: $12,946

    • Andy Goad (Director)
  • Compensation: $11,658
  • Related: $0
  • Other: $12,946

    • Kelby Graves (Director)
  • Compensation: $10,726
  • Related: $0
  • Other: $12,946

    • Ronald Bailey (Director)
  • Compensation: $9,476
  • Related: $0
  • Other: $12,946

    • Ron Alan Powell (Director)
  • Compensation: $9,408
  • Related: $0
  • Other: $12,594

    • Travis Carter (Director)
  • Compensation: $7,840
  • Related: $0
  • Other: $7,581

    • Tony Bentle (Director)
  • Compensation: $4,000
  • Related: $0
  • Other: $0


  • Official website here: www.tcemc.org

    Where can I find the form 990 for Tri-County Electric Membership Corporation?

    The Tri-County Electric Membership Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.tcemc.org

    Learn more at the official website: www.tcemc.org

    Mission Statement of Tri-County Electric Membership Corporation

    Tri-County Electric Membership Corporation, a leading energy provider, strives to be the go-to choice for customers by surpassing their expectations and contributing to the community. With a mission to distribute electricity to over 55,000 metered locations in South Central Kentucky and Northern Middle Tennessee, the corporation places a strong emphasis on customer satisfaction and community engagement. By partnering with its customers in a rapidly evolving and competitive world, Tri-County Electric Membership Corporation seeks to make a positive impact on the lives of those it serves. As a dedicated energy provider, it continually works to exceed expectations, ensuring a reliable and efficient energy supply for residents and businesses in the region.

    Impact

    This information is meant to be a general summary of Tri-County Electric Membership Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Tri-County Electric Membership Corporation plays a crucial role in serving over 50,000 metered locations in South Central Kentucky and Northern Middle Tennessee by providing reliable electricity distribution services. The impact of Tri-County Electric Membership Corporation extends beyond just delivering power; it aims to exceed customer expectations and provide community leadership in a changing and competitive world. Through its operations, Tri-County Electric Membership Corporation contributes to the economic development and quality of life in the regions it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $693,918
  • Program Service Revenue: $149,860,331
  • Gross Receipts: $150,554,249

    • Assets and Liabilities:
  • Total Assets: $220,282,810
  • Total Liabilities: $58,048,563
  • Net Assets: $162,234,247
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Electric Revenue

    Revenue

    $144,988,689

    Rent from Electric Property

    Revenue

    $2,040,594

    Forfeited Discounts

    Revenue

    $373,805

    Service Charges

    Revenue

    $633,138

    Miscellaneous

    Revenue

    $61,165

    Organization Details

    Founding Year

    1936

    Principal Officer

    Paul Thompson

    Main Address

    405 College Street, Lafayette, TN, 37083

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of Tri-County Electric Membership Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.