Four County Electric Membership Corp
501(c)(12)
Only null% goes to programs Strong reserves
Four County Electric Membership Corp is a 501(c)(12) organization based in Burgaw, North Carolina, registered in 1966, with $114,987,385 in FY2024 revenue. CharityIndex grades it A.
Po Box 667, Burgaw, NC, 28425 EIN 56-0227152 Since 1966
Revenue (FY2024)
$115.0M
▲ 5.2% vs prior year
Expenses (FY2024)
$108.5M
Net assets
$108.5M
Employees
115
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Four County Electric Membership Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +6% 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 Four County Electric Membership Corp: 12 mo reserves · +6% 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 Four County Electric Membership Corp: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Four County Electric Membership Corp: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide highly reliable electric services, innovative energy solutions and outstanding service to our members and communities.
Contact & location
- Address
- Po Box 667, Burgaw, NC, 28425
- City
- Burgaw
- State
- North Carolina
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $98.1M (FY2013) to $115.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $166.8MNet assets $108.5M
Operating margin
5.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$275.4M
Total liabilities
$166.8M
Net assets
$108.5M
Salaries & benefits
$2.6M
2% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $114,987,385▲5.2% | $108,532,189▲5.9% | $108,538,126▲2.7% | $275,386,094▲3.7% | 990 |
| 2023 | $109,316,259▲0.4% | $102,478,548▲1.3% | $105,656,560▲2.9% | $265,679,857▲11.8% | 990 |
| 2022 | $108,859,188▲5.0% | $101,159,650▲3.0% | $102,679,635▲8.1% | $237,668,720▲3.4% | 990 |
| 2021 | $103,654,934▲5.3% | $98,214,218▲3.8% | $94,942,442▲3.4% | $229,795,069▼0.5% | 990 |
| 2020 | $98,415,248▼3.0% | $94,592,503▼4.0% | $91,841,246▲2.7% | $230,909,701▲6.7% | 990 |
| 2019 | $101,446,733▲0.2% | $98,515,379▲2.5% | $89,436,995▲1.4% | $216,381,303▲0.8% | 990 |
| 2018 | $101,267,648▲4.9% | $96,102,695▲6.3% | $88,180,150▲5.2% | $214,733,387▼0.1% | 990 |
| 2017 | $96,534,570▲1.8% | $90,424,699▲2.4% | $83,826,222▲5.3% | $215,016,358▲4.8% | 990 |
| 2016 | $94,868,550▼2.9% | $88,272,417▼4.3% | $79,602,179▲3.0% | $205,254,888▲1.1% | 990 |
| 2015 | $97,663,234▼0.1% | $92,258,520▲1.7% | $77,258,354▲4.3% | $202,941,946▲1.2% | 990 |
| 2014 | $97,758,654▼0.4% | $90,741,740▲1.8% | $74,054,134▲4.4% | $200,580,553▲2.9% | 990 |
| 2013 | $98,149,186 | $89,117,708▲6.9% | $70,913,261▲6.5% | $194,966,311▲8.5% | 990 |
| 2012 | — | $83,385,741▼3.3% | $66,577,216▲6.7% | $179,644,424▲4.2% | 990 |
| 2011 | — | $86,220,502▲5.9% | $62,386,884▲7.1% | $172,379,105▲0.2% | 990 |
| 2010 | — | $81,390,025 | $58,241,757 | $171,960,172 | 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 (FY2024)
Highest-paid: Donald L Gatton — $316,783 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Donald L Gatton | Chief Executive Officer | 40 | $316,783 |
| Gary W Chitwood | Chief Financial Officer | 40 | $242,668 |
| Gregg A Cohn | Vice President Engineering | 40 | $204,073 |
| Franklin S Cook | Vice President Operations | 40 | $157,742 |
| Gregory S Sager | Vice President Member Services | 40 | $143,503 |
| Jennifer M Hedge | Vice President Human Resources | 40 | $139,480 |
| Anthony A Kent | Vice President Information Technology | 40 | $128,287 |
| Charles E Reynolds | Vice President of Finance and Accounting | 40 | $124,640 |
| Clayton Hollingsworth | Board Director | 8.75 | $24,016 |
| Kenneth Thornton | Board Vice President | 7.5 | $23,366 |
| Gene Jordan | Board Secretary/treasurer | 7 | $22,716 |
| Mary Rose | Board Director | 6.75 | $22,716 |
| Franklin Williams | Board President | 5.75 | $21,091 |
| Steve Matthis | Board Director | 4.25 | $19,466 |
| Arlester Fullwood | Board Director | 4.75 | $18,816 |
| Bertice Lanier | Board Director | 2.75 | $18,816 |
| Ronald J Allen | Board Director | 5.25 | $18,816 |
| Carlton Raynor | Board Director | 4.25 | $18,166 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| C-phase Services LLC | Construction | $3,380,666 |
| Rowe Tree Co | Tree Crews | $1,335,520 |
| Meridian Cooperative Inc | Data Processing | $1,067,408 |
| Dph General Contractors LLC | Construction Line Crew | $710,531 |
| Kennedy Tree Service | Tree Crews | $620,126 |
Grants received · $109K total
10 grants to Four County Electric Membership Corp totaling $109K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| North Carolina Electric Membership Corporation | Educational assistance | 2024 | $8,130 |
| North Carolina Electric Membership Corporation | Educational assistance | 2023 | $18,130 |
| North Carolina Electric Membership Corporation | Educational assistance | 2022 | $8,130 |
| North Carolina Electric Membership Corporation | Educational assistance | 2021 | $7,360 |
| North Carolina Electric Membership Corporation | Educational assistance | 2020 | $15,000 |
| North Carolina Electric Membership Corporation | Educational assistance | 2020 | $15,000 |
| North Carolina Electric Membership Corporation | Educational assistance | 2020 | $7,360 |
| North Carolina Electric Membership Corporation | Educational assistance | 2019 | $7,360 |
| North Carolina Electric Membership Corporation | Educational assistance | 2018 | $15,000 |
| North Carolina Electric Membership Corporation | Educational assistance | 2017 | $7,360 |
Frequently asked questions
- Is Four County Electric Membership Corp a legitimate nonprofit?
- Yes. Four County Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 56-0227152, based in Burgaw, North Carolina.
- What is Four County Electric Membership Corp's EIN?
- Four County Electric Membership Corp's Employer Identification Number (EIN) is 56-0227152.
- How much revenue does Four County Electric Membership Corp report?
- Four County Electric Membership Corp reported $114,987,385 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Four County Electric Membership Corp have?
- CharityIndex grades Four County Electric Membership Corp A, based on financial health (reserves and operating margin).
- How much does Four County Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Four County Electric Membership Corp's latest Form 990 is $316,783, paid to Donald L Gatton (Chief Executive Officer).
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Data for Four County Electric Membership Corp (EIN 56-0227152) 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.