Middle Tennessee Electric Membership Corporation

Organization Overview

Middle Tennessee Electric Membership Corporation is located in Murfreesboro, TN. The organization was established in 1947. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Middle Tennessee Electric Membership Corporation employed 541 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle Tennessee Electric Membership Corporation is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Middle Tennessee Electric Membership Corporation generated $816.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $816.2m during the year ending 12/2021. While expenses have increased by 6.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION'S MISSION IS TO PROVIDE AFFORDABLE, RELIABLE, SAFE ELECTRICITY AND OUTSTANDING MEMBER SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION DISTRIBUTES ELECTRICITY TO ABOUT 320,213 RESIDENTIAL AND COMMERCIAL MEMBERS LOCATED IN CANNON, RUTHERFORD, WILLIAMSON, AND WILSON COUNTIES. THIS SERVICE AREA INCLUDES PARTS OF DAVIDSON, DEKALB, MARSHALL, MAURY, SMITH, AND TROUSDALE COUNTIES AS WELL.


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Board, Officers & Key Employees

Name (title)Compensation
Chris Jones
President/ceo
$654,893
Brad Gibson
Ccbo
$328,642
Thomas Suggs
COO
$305,983
P D Mynatt
Assistant General Manager
$279,454
Gray Bateman
Chro/ VP Of Hr & Corp Serv
$249,278
Cindy Layne
Cfo/vp Of Finance
$245,069

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Service Electric
Electrical Contractor
$9,548,087
Powergrid Services Llc
Electrical Contractor
$5,233,052
National Information Solutions Corporati
Software Provider
$3,504,689
Abc Professional Tree Services
Electrical Contractor
$3,682,405
Rw's Tree Service & Stump Removal Inc
Tree Trimming
$3,871,226
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$805,588,607
Investment income $1,710,322
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $6,410,194
Net Gain/Loss on Asset Sales -$432,779
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $816,151,968

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