Southwest Tennessee Electric Membership Corp

Organization Overview

Southwest Tennessee Electric Membership Corp is located in Brownsville, TN. The organization was established in 1941. 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 06/2022, Southwest Tennessee Electric Membership Corp employed 151 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Tennessee Electric Membership Corp 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 06/2022, Southwest Tennessee Electric Membership Corp generated $121.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $112.9m during the year ending 06/2022. While expenses have increased by 1.4% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE ELECTRICITY TO RURAL AREAS OF SOUTHWEST TENNESSEE AT A REASONABLE COST

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDES ELECTRICITY FOR APPROXIMATELY 50,350 CUSTOMERS IN PARTS OF ELEVEN COUNTIES IN SOUTHWEST TENNESSEE


PROVIDES ELECTRICITY FOR APPROXIMATELY 50,350 CUSTOMERS IN PARTS OF ELEVEN COUNTIES IN SOUTHWEST TENNESSEE


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Board, Officers & Key Employees

Name (title)Compensation
J Kevin Murphy
President
$270,340
George R Mathis
Director Of
$165,008
William T Smith
Lead Lineman
$157,886
Michael Russell
VP Operation
$152,435
B Scott Sims
VP Finance,
$150,628
William Gordon
VP Tech Serv
$146,969

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Mckenzie Tree Service Inc
Row Maintenance
$2,139,868
Quanta Telecommunications Services
Construction
$8,248,448
Quanta Telecommunications Services
Construction
$8,248,448
Cablesouth Construction Llc
Construction
$1,760,384
Byrd Tree Service
Row Maintenance
$2,425,142
Cablesouth Construction Llc
Construction
$1,760,384
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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$119,641,690
Investment income $1,970,294
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $7,625
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $6,407
Miscellaneous Revenue$0
Total Revenue $121,626,016

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