Energyunited Electric Membership Corporation
501(c)(12)
100% goes to programs Strong reserves
Energyunited Electric Membership Corporation is a 501(c)(12) organization based in Statesville, North Carolina, registered in 1998, with $313,161,255 in FY2025 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 1831, Statesville, NC, 28687 EIN 56-2097218 Since 1998
Revenue (FY2025)
$313.2M
▲ 4.0% vs prior year
Expenses (FY2025)
$310.5M
Net assets
$280.4M
Employees
287
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Energyunited Electric Membership Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Energyunited Electric Membership Corporation: 11 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Energyunited Electric Membership Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Energyunited Electric Membership Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide electrical service to members
Contact & location
- Address
- Po Box 1831, Statesville, NC, 28687
- City
- Statesville
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $243.6M (FY2013) to $313.2M (FY2025) across 13 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $366.2MNet assets $280.4M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$646.6M
Total liabilities
$366.2M
Net assets
$280.4M
Salaries & benefits
$28.0M
9% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $313,161,255▲4.0% | $310,501,086▲6.5% | $280,389,004▼2.0% | $646,552,286▲4.1% | 990 |
| 2024 | $301,097,441▲3.8% | $291,450,076▲3.6% | $286,189,880▲7.8% | $620,859,332▲6.9% | 990 |
| 2023 | $289,954,202▲2.5% | $281,441,489▲1.8% | $265,465,975▼12.4% | $580,763,714▼1.4% | 990 |
| 2022 | $283,002,756▲0.9% | $276,535,034▼0.9% | $303,127,443▲20.9% | $589,019,102▲14.6% | 990 |
| 2021 | $280,523,963▼7.9% | $278,991,951▲1.9% | $250,725,432▲13.4% | $513,896,783▼1.6% | 990 |
| 2020 | $304,657,291▲6.3% | $273,786,341▼0.4% | $221,053,572▲18.0% | $522,295,938▲7.8% | 990 |
| 2019 | $286,589,142▼0.7% | $274,814,292▼2.5% | $187,264,418▲0.1% | $484,723,871▲2.7% | 990 |
| 2018 | $288,594,485▲6.5% | $281,936,984▲5.1% | $187,132,910▲0.3% | $471,829,189▲3.8% | 990 |
| 2017 | $270,999,680▼3.4% | $268,363,651▼2.5% | $186,630,603▼1.5% | $454,632,776▼1.3% | 990 |
| 2016 | $280,668,478▲4.5% | $275,272,037▲4.8% | $189,551,868▲6.5% | $460,821,509▲4.2% | 990 |
| 2015 | $268,580,156▲5.0% | $262,688,923▲5.2% | $178,052,790▲2.6% | $442,073,073▲1.8% | 990 |
| 2014 | $255,863,320▲5.0% | $249,609,363▲4.1% | $173,518,988▲1.5% | $434,422,445▲3.6% | 990 |
| 2013 | $243,580,121 | $239,668,142▲7.9% | $170,890,113▲4.7% | $419,513,491▼0.4% | 990 |
| 2012 | — | $222,163,947▲4.8% | $163,275,572▲8.4% | $421,054,401▲4.9% | 990 |
| 2011 | — | $212,024,918▼0.8% | $150,569,070▲3.8% | $401,346,608▲0.9% | 990 |
| 2010 | — | $213,723,694 | $145,078,897 | $397,674,689 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2025)
Highest-paid: Thomas Golden — $633,474 (0.20% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Thomas Golden | Ceo | 40 | $633,474 |
| Alec Natt | Cfo | 40 | $357,126 |
| Brett Alkins | Coo | 40 | $333,308 |
| Pamela Britt | Chro | 40 | $329,537 |
| Steve Mccachern | Vp Energy Delivery | 40 | $296,689 |
| Laquisha Parks | Vp Energy Services | 40 | $270,710 |
| Ryan Gardner | Vp Information Tech | 40 | $254,421 |
| Josiah Makuch | Lineman | 40 | $191,588 |
| Matt M Sharpe | Director of Operations | 40 | $191,390 |
| Brian Dacaret | It Manager | 40 | $180,818 |
| Leon Powers | Director of Transformation | 40 | $179,954 |
| Doug Wike | Manager of Tech Svs | 40 | $172,168 |
| C Edgar Cartner | Director | 6 | $29,132 |
| Jill Doss-raines | Director | 6 | $28,932 |
| Ronnie Harrison | Secretary | 6 | $26,500 |
| Cheryl Wright | Vice President | 9 | $26,472 |
| Craig W Black | Treasurer | 6 | $26,032 |
| Zolee Riggs | Director | 5 | $25,632 |
| Brian Sisson | President | 7 | $25,132 |
| Lisa Pullis | Director | 4 | $23,232 |
Top vendors & contractors (FY2025)
| Contractor | Services | Paid |
|---|---|---|
| Utility Lines Construction | Elec Plant Constru | $16,265,074 |
| Asplundh Tree Expert Co | Row Clearing | $8,237,060 |
| Altec Industries | Vehicle Equipment | $2,402,579 |
Grants received · $285K total
8 grants to Energyunited Electric Membership Corporation totaling $285K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| North Carolina Electric Membership Corporation | Educational assistance | 2024 | $36,104 |
| North Carolina Electric Membership Corporation | Educational assistance | 2023 | $36,604 |
| North Carolina Electric Membership Corporation | Educational assistance | 2022 | $36,104 |
| North Carolina Electric Membership Corporation | Educational assistance | 2021 | $35,334 |
| North Carolina Electric Membership Corporation | Educational assistance | 2020 | $35,334 |
| North Carolina Electric Membership Corporation | Educational assistance | 2019 | $35,334 |
| North Carolina Electric Membership Corporation | Educational assistance | 2018 | $35,334 |
| North Carolina Electric Membership Corporation | Educational assistance | 2017 | $35,334 |
Frequently asked questions
- Is Energyunited Electric Membership Corporation a legitimate nonprofit?
- Yes. Energyunited Electric Membership Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 56-2097218, based in Statesville, North Carolina.
- What is Energyunited Electric Membership Corporation's EIN?
- Energyunited Electric Membership Corporation's Employer Identification Number (EIN) is 56-2097218.
- How much revenue does Energyunited Electric Membership Corporation report?
- Energyunited Electric Membership Corporation reported $313,161,255 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- How much of Energyunited Electric Membership Corporation's spending goes to programs?
- Energyunited Electric Membership Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Energyunited Electric Membership Corporation have?
- CharityIndex grades Energyunited Electric Membership Corporation A+, based on program efficiency and fundraising cost.
- How much does Energyunited Electric Membership Corporation's highest-paid employee make?
- The highest reported compensation on Energyunited Electric Membership Corporation's latest Form 990 is $633,474, paid to Thomas Golden (Ceo).
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Data for Energyunited Electric Membership Corporation (EIN 56-2097218) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.