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Nonprofiteer
← RANDOLPH ELECTRIC MEMBERSHIP CORP

Form 990 for tax year 2025

Filed by RANDOLPH ELECTRIC MEMBERSHIP CORP.

Totals

Total revenue
$85,237,716
Total expenses
$85,237,716
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$85,048,343
Investment income
$124,576
Other revenue
$64,797
Total assets, end of year
$220,420,405
Total liabilities, end of year
$145,271,795
Net assets or fund balances, end of year
$75,148,610
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ELECTRICITY SALES

    total $82,465,252 · related or exempt $82,465,252

  • 2b · Program service revenue: CAPITAL CREDITS

    total $1,214,550 · related or exempt $1,214,550

  • 2c · Program service revenue: OTHER ELECTRIC SERVICES

    total $995,374 · related or exempt $995,374

  • 2d · Program service revenue: POLE RENTAL

    total $373,167 · excluded $373,167

  • 3 · Investment income

    total $124,576 · excluded $124,576

  • 11a · Other revenue: OTHER NONOPERATING REVENUE

    total $64,797 · related or exempt $64,797

  • 11e · Other revenue, total

    $64,797

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $7,628,294

  • 5 · Compensation of officers, directors and key employees

    total $478,647

  • 20 · Interest

    total $4,150,987

  • 22 · Depreciation, depletion and amortization

    total $7,440,697

  • 24a · Other expenses: PURCHASED POWER

    total $45,297,577

  • 24b · Other expenses: DISTRIBUTION MAINTENANCE

    total $8,360,540

  • 24c · Other expenses: ADMIN. & GENERAL EXP.

    total $5,630,682

  • 24d · Other expenses: CONSUMER ACCOUNTS

    total $3,102,360

  • 24e · All other expenses

    total $3,147,932

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,086,878 · end of year $1,511,204

  • 2 · Savings and temporary cash investments

    beginning of year $1,332,070 · end of year $3,089,773

  • 4 · Accounts receivable

    beginning of year $9,535,769 · end of year $11,300,020

  • 8 · Inventories for sale or use

    beginning of year $2,745,230 · end of year $2,532,351

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,643,763 · end of year $1,577,511

  • 10a · Land, buildings and equipment: cost or other basis

    $258,045,737

  • 10b · Land, buildings and equipment: accumulated depreciation

    $86,620,929

  • 10c · Land, buildings and equipment, net

    beginning of year $163,998,606 · end of year $171,424,808

  • 13 · Investments: program-related

    beginning of year $24,373,175 · end of year $24,841,566

  • 15 · Other assets

    beginning of year $3,198,544 · end of year $4,143,172

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,042,464 · end of year $18,908,882

  • 23 · Secured mortgages and notes payable

    beginning of year $122,891,052 · end of year $122,658,968

  • 25 · Other liabilities

    beginning of year $2,960,753 · end of year $3,703,945

  • 31 · Retained earnings, endowment or other funds

    beginning of year $69,019,766 · end of year $75,148,610

Mission and programs · 2025

Mission

RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF OUR MEMBERS AND COMMUNITIES.

Activities or mission (Part I)

TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.

  • RANDOLPH ELECTRIC MEMBERSHIP CORPORATION IS DEDICATED TO THE DELIVERY OF ENERGY AND SUPERIOR SERVICES IN RESPONSE TO THE NEEDS OF ITS MEMBERS AND COMMUNITIES.

As filed on the 2025 return.

Listed in Part VII

  • Dennis Mabe

    CEO

    Total calculated
    $325,198
    From this org
    $312,443
    From related orgs
    $0
    Other
    $12,755
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $310,759
    Bonus
    $360
    Other
    $1,324
    Deferred
    not reported
    Nontaxable benefits
    $12,755
    Filer's total
    $325,198

  • Aubin Reynolds

    VP ENGINEERI

    Total calculated
    $248,800
    From this org
    $185,907
    From related orgs
    $0
    Other
    $62,893
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $182,280
    Bonus
    $2,129
    Other
    $1,498
    Deferred
    $47,490
    Nontaxable benefits
    $15,403
    Filer's total
    $248,800

  • Jay Albright

    DISTRICT VP

    Total calculated
    $239,034
    From this org
    $226,317
    From related orgs
    $0
    Other
    $12,717
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $221,266
    Bonus
    $2,459
    Other
    $2,592
    Deferred
    not reported
    Nontaxable benefits
    $12,717
    Filer's total
    $239,034

  • Michael Trent

    VP MEM SRVC/

    Total calculated
    $230,607
    From this org
    $184,247
    From related orgs
    $0
    Other
    $46,360
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,956
    Bonus
    $2,466
    Other
    $825
    Deferred
    $32,416
    Nontaxable benefits
    $13,944
    Filer's total
    $230,607

  • Fred Smith

    VP ENGINEERI

    Total calculated
    $221,583
    From this org
    $209,109
    From related orgs
    $0
    Other
    $12,474
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $201,947
    Bonus
    $2,477
    Other
    $4,685
    Deferred
    not reported
    Nontaxable benefits
    $12,474
    Filer's total
    $221,583

  • Tracy Bates

    LINE SUPERIN

    Total calculated
    $208,687
    From this org
    $157,270
    From related orgs
    $0
    Other
    $51,417
    Hours/week
    48.6

    Schedule J breakdown matched by us

    Base
    $154,171
    Bonus
    $1,911
    Other
    $1,188
    Deferred
    $36,341
    Nontaxable benefits
    $15,076
    Filer's total
    $208,687

  • Tammie Phillips

    PRESIDENT

    Total calculated
    $22,856
    From this org
    $22,856
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.07

  • Scott Cole

    ASST. SEC./T

    Total calculated
    $18,006
    From this org
    $18,006
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.05

  • Jerry Bowman

    DIRECTOR

    Total calculated
    $17,753
    From this org
    $14,153
    From related orgs
    $0
    Other
    $3,600
    Hours/week
    4.16

  • Lee Isley

    SECRETARY/TR

    Total calculated
    $17,306
    From this org
    $17,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.63

  • Jeff Sugg

    DIRECTOR

    Total calculated
    $16,606
    From this org
    $16,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.32

  • Steve Harris

    DIRECTOR

    Total calculated
    $16,256
    From this org
    $517
    From related orgs
    $0
    Other
    $15,739
    Hours/week
    4.36

  • William Maness

    VICE PRESIDE

    Total calculated
    $15,657
    From this org
    $57
    From related orgs
    $0
    Other
    $15,600
    Hours/week
    3.16

  • Delbert Cranford

    DIRECTOR

    Total calculated
    $14,505
    From this org
    $2,680
    From related orgs
    $0
    Other
    $11,825
    Hours/week
    2.37

  • Larry Routh

    DIRECTOR

    Total calculated
    $14,504
    From this org
    $14,504
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.29

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2025
Filed
4 March 2026
IRS schema version
2025v4.0
Source object
202630999349300043

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