Middle Tennessee Electric Membershi P Corporation
501(c)(12)
Strong reserves Growing revenue
Middle Tennessee Electric Membershi P Corporation is a 501(c)(12) organization based in Murfreesboro, Tennessee, registered in 1947, with $991,192,614 in FY2024 revenue.
555 New Salem Hwy, Murfreesboro, TN, 37129 EIN 62-0293472 Since 1947
Revenue (FY2024)
$991.2M
▲ 10.5% vs prior year
Expenses (FY2024)
$991.2M
Net assets
$654.4M
Employees
558
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 Middle Tennessee Electric Membershi P Corporation— 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 rating8 mo reserves · +0% 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 Middle Tennessee Electric Membershi P Corporation: 8 mo reserves · +0% 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 Middle Tennessee Electric Membershi P 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 Middle Tennessee Electric Membershi P Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Middle tennessee electric membership corporation's mission is to provide affordable, reliable, safe electricity and outstanding member service.
Contact & location
- Address
- 555 New Salem Hwy, Murfreesboro, TN, 37129
- City
- Murfreesboro
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $549.9M (FY2013) to $991.2M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $593.8MNet assets $654.4M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.2B
Total liabilities
$593.8M
Net assets
$654.4M
Salaries & benefits
$5.4M
1% of expenses
Board members
12
12 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $991,192,614▲10.5% | $991,192,614▲10.5% | $654,368,793▲9.1% | $1,248,197,177▲8.7% | 990 |
| 2023 | $897,322,235▼6.2% | $897,322,235▼6.2% | $599,679,262▲4.0% | $1,148,117,576▲8.3% | 990 |
| 2022 | $956,556,588▲17.2% | $956,556,588▲17.2% | $576,663,810▲11.2% | $1,060,592,430▲9.0% | 990 |
| 2021 | $816,151,968▲20.5% | $816,151,968▲20.5% | $518,709,683▲8.6% | $972,885,002▲3.2% | 990 |
| 2020 | $677,185,332▲9.5% | $677,185,332▲9.5% | $477,800,091▲6.3% | $942,303,901▲41.7% | 990 |
| 2019 | $618,622,661▼0.9% | $618,622,661▼0.9% | $449,441,956▲1.3% | $665,120,180▲1.3% | 990 |
| 2018 | $624,241,601▲8.1% | $624,241,601▲11.3% | $443,800,393▲6.7% | $656,499,046▲8.0% | 990 |
| 2016 | $577,379,766▲6.5% | $560,847,975▲5.4% | $416,007,194▲4.4% | $607,900,434▲2.4% | 990 |
| 2015 | $542,238,348▼2.5% | $532,182,571▼2.0% | $398,507,503▲2.8% | $593,578,647▲1.5% | 990 |
| 2014 | $555,995,749▲1.1% | $543,104,666▲3.4% | $387,483,826▲3.7% | $584,782,632▲6.4% | 990 |
| 2013 | $549,925,882 | $525,266,625▲6.2% | $373,624,843▲5.7% | $549,778,020▲7.1% | 990 |
| 2012 | — | $494,437,134▲1.1% | $353,623,786▲7.6% | $513,280,134▲4.9% | 990 |
| 2011 | — | $488,824,456▼0.6% | $328,519,770▲3.9% | $489,359,590▲5.1% | 990 |
| 2010 | — | $491,812,524▲12.3% | $316,265,720▲14.1% | $465,771,144▲14.3% | 990 |
| 2009 | — | $437,851,160 | $277,094,431 | $407,444,126 | 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: Chris Jones — $1,030,300 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chris Jones | President/ceo | 58 | $1,030,300 |
| Brad Gibson | Coo | 59 | $440,712 |
| Lori Williams | Special Proj Mgr | 40 | $412,109 |
| Cindy Layne | Cfo | 55 | $319,623 |
| Gray Bateman | Chro | 55 | $304,503 |
| Anthony Brown | Asst Ops Supv | 40 | $302,722 |
| Tim Mayo | Ops Supv | 40 | $290,327 |
| P D Mynatt | Assistant General Manager | 40 | $287,785 |
| Robert White | Vp of Comm Rel & Mem Svcs | 40 | $267,883 |
| Tuan Blank | Vp of Finance | 55 | $249,998 |
| Dan C Bonds | Lineman | 60 | $245,554 |
| Dan Dement | Vp of Operations | 50 | $245,308 |
| Keith Thomason | Vp Engineering | 41 | $236,848 |
| Adam Fewell | Working Foreman | 60 | $233,049 |
| John Harris | Vp of Is and Tech | 50 | $230,094 |
| Steve Seger | Board Chairman | 18 | $48,490 |
| Mike Woods | Director | 14.5 | $35,730 |
| David Lee | Director | 15 | $35,710 |
| Harold Gordon Bone Jr | Director | 13.5 | $35,550 |
| Charles Bowman | Director | 13 | $35,360 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Service Electric Company | Electrical Contractor | $11,901,433 |
| Abc Professional Tree Services Inc | Tree Trimming | $5,345,244 |
| Rw's Tree Service LLC | Tree Trimming | $5,295,811 |
| Powergrid Services | Electrical Contractor | $4,825,289 |
| William E Groves Construction Inc | Electrical Contractor | $3,450,565 |
Grants made · $312K in FY2024
1 grant totaling $312K in FY2024. All grants made by Middle Tennessee Electric Membershi P Corporation →
| Recipient | Purpose | Amount |
|---|---|---|
| Middle Tennessee Electric Sharingchange Inc | Operations | $312,000 |
Frequently asked questions
- Is Middle Tennessee Electric Membershi P Corporation a legitimate nonprofit?
- Yes. Middle Tennessee Electric Membershi P Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 62-0293472, based in Murfreesboro, Tennessee.
- What is Middle Tennessee Electric Membershi P Corporation's EIN?
- Middle Tennessee Electric Membershi P Corporation's Employer Identification Number (EIN) is 62-0293472.
- How much revenue does Middle Tennessee Electric Membershi P Corporation report?
- Middle Tennessee Electric Membershi P Corporation reported $991,192,614 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Middle Tennessee Electric Membershi P Corporation's highest-paid employee make?
- The highest reported compensation on Middle Tennessee Electric Membershi P Corporation's latest Form 990 is $1,030,300, paid to Chris Jones (President/ceo).
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Data for Middle Tennessee Electric Membershi P Corporation (EIN 62-0293472) 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.