Gibson Electric Membership Corp
501(c)(12)
95% goes to programs Strong reserves Growing revenue
Gibson Electric Membership Corp is a 501(c)(12) organization based in Trenton, Tennessee, registered in 1937, with $125,473,192 in FY2024 revenue. CharityIndex grades it A+, and it directs about 95% of spending to programs.
1207 S College St, Trenton, TN, 38382 EIN 62-0212280 Since 1937
Revenue (FY2024)
$125.5M
▲ 5.0% vs prior year
Expenses (FY2024)
$118.4M
Net assets
$134.0M
Employees
188
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 rating95% 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 Gibson Electric Membership Corp: 95% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 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 Gibson Electric Membership Corp: 14 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 Gibson Electric Membership Corp: 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 Gibson Electric Membership Corp: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Gibson emc is an electric cooperative owned by its members. gibson emc, and its wholly-owned subsidiary gibson connect, supply energy and fiber services throughout a 12-county service area in the northwest tennessee and southwest kentucky
Contact & location
Financial trends
Revenue grew from $84.4M (FY2013) to $125.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $137.9MNet assets $134.0M
Operating margin
5.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$271.9M
Total liabilities
$137.9M
Net assets
$134.0M
Salaries & benefits
$9.3M
8% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $125,473,192▲5.0% | $118,370,561▲4.1% | $133,989,530▲5.6% | $271,901,560▲10.0% | 990 |
| 2023 | $119,497,988▼1.6% | $113,730,721▼2.5% | $126,885,218▲4.8% | $247,285,972▲8.1% | 990 |
| 2022 | $121,430,242▲16.2% | $116,629,635▲18.5% | $121,119,371▲4.1% | $228,662,408▲14.7% | 990 |
| 2021 | $104,510,085▲8.8% | $98,403,621▲7.6% | $116,317,985▲5.5% | $199,281,246▲15.0% | 990 |
| 2020 | $96,087,292▼3.0% | $91,430,878▼5.7% | $110,212,466▲4.4% | $173,339,904▲13.4% | 990 |
| 2019 | $99,038,810▼1.1% | $96,943,071▼0.2% | $105,555,912▲2.0% | $152,842,439▲12.0% | 990 |
| 2018 | $100,181,029▲7.5% | $97,152,415▲6.7% | $103,460,948▲6.5% | $136,431,225▲3.9% | 990 |
| 2017 | $93,187,101▼1.3% | $91,031,594▼1.1% | $97,161,863▲2.3% | $131,310,308▲0.2% | 990 |
| 2016 | $94,405,709▲10.1% | $92,089,112▲11.1% | $95,003,661▲19.2% | $131,033,555▲20.2% | 990 |
| 2015 | $85,708,054▼2.7% | $82,885,429▼2.3% | $79,679,450▲3.7% | $109,025,650▼0.3% | 990 |
| 2014 | $88,121,603▲4.4% | $84,853,087▲5.4% | $76,858,020▲4.4% | $109,312,537▲1.0% | 990 |
| 2013 | $84,442,711 | $80,518,371▲0.6% | $73,590,184▲5.6% | $108,233,361▲2.4% | 990 |
| 2012 | — | $80,054,283 | $69,666,909 | $105,691,061 | 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: Dan Rodamaker — $550,310 (0.46% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dan Rodamaker | Pres. & Ceo | 50 | $550,310 |
| Charles Phillips | Vp of Technical Srvc | 49 | $293,049 |
| Barry Smith | Vp of Operations | 52 | $289,903 |
| Rita Alexander | Vp of Hr/member Services | 50 | $185,193 |
| Richard Beden | Cfo | 45 | $178,545 |
| Randy Dotson | Engineer | 52 | $151,552 |
| Daniel Goode | Operations | 50 | $129,513 |
| Kendall Byassee | Crewleader | 47 | $127,235 |
| Jeff Milam | Crewleader | 48 | $125,528 |
| Bret Taylor | Crewleader | 41 | $124,857 |
| Joan Mouser | Trustee | 6 | $11,200 |
| Wray Pulliam | Trustee | 6 | $10,600 |
| Rana Buchanan | Trustee | 6 | $10,500 |
| Brian Mcdaniel | Trustee | 4 | $10,200 |
| Steve Sanders | Chairman | 4 | $10,200 |
| Eric Dupree | Trustee | 4 | $9,500 |
| Tony Bargery | Trustee | 4 | $8,800 |
| Keith Forrester | Trustee | 3 | $8,400 |
| Jim Turner | Trustee | 3 | $7,000 |
| Keith Heglar | Vice Chairman | 2 | $5,600 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cablesouth Construction LLC | Fiber Install | $4,165,276 |
| Service Electric | Replacing Poles | $2,670,874 |
| Cruse Power Lines | Replacing Poles | $2,020,772 |
| Xlem Tree Experts | Tree Trimming | $1,532,905 |
| Wa Kendall & Co LLC | Tree Trimming | $767,814 |
Frequently asked questions
- Is Gibson Electric Membership Corp a legitimate nonprofit?
- Yes. Gibson Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 62-0212280, based in Trenton, Tennessee.
- What is Gibson Electric Membership Corp's EIN?
- Gibson Electric Membership Corp's Employer Identification Number (EIN) is 62-0212280.
- How much revenue does Gibson Electric Membership Corp report?
- Gibson Electric Membership Corp reported $125,473,192 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Gibson Electric Membership Corp's spending goes to programs?
- Gibson Electric Membership Corp spends about 95% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Gibson Electric Membership Corp have?
- CharityIndex grades Gibson Electric Membership Corp A+, based on program efficiency and fundraising cost.
- How much does Gibson Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Gibson Electric Membership Corp's latest Form 990 is $550,310, paid to Dan Rodamaker (Pres. & Ceo).
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Data for Gibson Electric Membership Corp (EIN 62-0212280) 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.