Tri-State Electric Membership Corp

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 620459672 ✦ Mccaysville, GA ✦ Designated as a 501(c)(12)

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Overview

What is Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp is a nonprofit organization committed to providing electric energy and related services to rural communities. With a mission to power the lives of over 21,000 customers, the cooperative focuses on delivering essential electricity to these areas. The cooperative's activities ensure that rural residents have access to reliable and essential electric energy services.


Official website here: www.tsemc.net

What are the reviews and ratings of this charity?

Tri-State Electric Membership Corp is not currently rated by Charity Navigator, primarily due to its status as a non-501(c)(3) organization. Charity Navigator requires certain criteria, such as Accountability & Finance or Impact & Measurement beacons, for evaluation. This lack of rating does not imply a negative or positive outlook but rather reflects the organization's ineligibility under standard rating methodologies.

The organization's independent status suggests it operates autonomously, but limited available data, such as revenue and expenses, restricts further insight. Tri-State cannot be scrutinized under several of Charity Navigator's methodologies, including Leadership & Adaptability and Culture & Community, due to its IRS classification.

No user reviews are available on GreatNonprofits, leaving user-based insights on its performance or reputation sparse. Without these reviews, the public is left without specific user experiences to guide their understanding of the organization's community impact or effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Tri-State Electric Membership Corp legitimate?

Tri-State Electric Membership Corp is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tri-State Electric Membership Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $193,412
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,147,795

For more financial information, click here


Official website here: www.tsemc.net

What is the mission statement of Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp is dedicated to supplying electric energy to rural areas. The cooperative aims to bring electricity and related services to over 21,000 customers in the specified region. Their mission is centered around providing essential power to communities that may not have easy access to it. This commitment extends beyond just electricity, as the corporation strives to make a positive impact on the lives of those in rural areas. By delivering electricity, Tri-State Electric Membership Corp enables residents to improve their standard of living, power their homes and businesses, and contribute to local economic growth.


Official website here: www.tsemc.net

Who is the CEO of Tri-State Electric Membership Corp?

Stacy Chastain is the President of Tri-State Electric Membership Corp.


Official website here: www.tsemc.net

What is the revenue of Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp's revenue in 2023 was $44,052,083.


Official website here: www.tsemc.net

Who are the executives of Tri-State Electric Membership Corp and what are their salaries?

The average compensation at Tri-State Electric Membership Corp during 2023 was $100,958. There are 43 employees at Tri-State Electric Membership Corp.


Here are 12 key members and their salaries:


Jerry Pack (President)
  • Compensation: $2,575
  • Related: $0
  • Other: $25,815
Jesse Miller (Vice President)
  • Compensation: $2,275
  • Related: $0
  • Other: $35,575
Houston Rogers (Secretary/Treasurer)
  • Compensation: $3,025
  • Related: $0
  • Other: $13,866
Jim Quintrell (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,866
Bill Joe Postell (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,854
William Barker (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,866
Tom Stiles (Director)
  • Compensation: $2,275
  • Related: $0
  • Other: $13,848
Stacy Chastain (General Manager)
  • Compensation: $185,537
  • Related: $0
  • Other: $75,339
Chris Hulsey (Human Resource Manager)
  • Compensation: $112,668
  • Related: $0
  • Other: $56,346
Chuck Thomas (Operations Manager)
  • Compensation: $131,380
  • Related: $0
  • Other: $48,629
Lisa Hood (Human Resource Manager)
  • Compensation: $100,662
  • Related: $0
  • Other: $48,629
Christy Setser (Finance Manager)
  • Compensation: $110,139
  • Related: $0
  • Other: $56,345


Official website here: www.tsemc.net

Where can I find the form 990 for Tri-State Electric Membership Corp?

Tri-State Electric Membership Corp's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.tsemc.net

Learn more at the official website: www.tsemc.net

Mission Statement of Tri-State Electric Membership Corp

Tri-State Electric Membership Corp, a cooperative organization, is dedicated to providing electric energy to rural communities. In simpler terms, this nonprofit endeavors to bring electricity to areas that lie beyond the reach of traditional power suppliers. With a mission to light up the lives of over 21,000 customers, Tri-State Electric Membership Corp is a beacon of hope, bringing the essential conveniences of modern living to rural regions. By offering electric energy and related services, this cooperative plays a pivotal role in improving the quality of life for countless families and individuals in these areas.

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Impact




October, 2024

Tri-State Electric Membership Corp significantly impacts rural communities by providing essential electric energy services to underserved areas. Serving 21,005 customers in McCaysville, GA, the cooperative plays a crucial role in enhancing the quality of life for individuals and families. By ensuring reliable access to electricity, it supports local economies, enables the use of modern technology, and fosters educational opportunities. The cooperative's commitment to delivering energy and related services helps bridge the gap between urban and rural areas, ensuring that community members enjoy the benefits of reliable power for both residential and business needs.




This information is meant to be a general summary of Tri-State Electric Membership Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$44,052,083 (2023)
Expenses
$43,175,796 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $124,164
  • Program Service Revenue: $43,223,543
  • Gross Receipts: $44,069,987

Assets and Liabilities:

  • Total Assets: $61,245,925
  • Total Liabilities: $27,214,308
  • Net Assets: $34,031,617

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ENERGY SALES

Revenue

$43,143,043

SERVICE SALES

Revenue

$80,500

Organization Details

Founding Year

1971

Principal Officer

Stacy Chastain

Main Address

PO BOX 68, MCCAYSVILLE, GA, 30555

NTEE Category

Code: W80 - Public benefit

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