Joe Wheeler Electric Membership Corporation
- Assets
- $301.7m
- Revenue
- $168.2m
- Investments
- $11.6m
- Employees
- 113
- Location
- Trinity, AL
- Founding
- 11/1942
- Data as of
- 06/2022
- EIN
- 63-0224987
Organization Overview
Joe Wheeler Electric Membership Corporation is located in Trinity, AL. The organization was established in 1942. 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, Joe Wheeler Electric Membership Corporation employed 113 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joe Wheeler 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 06/2022, Joe Wheeler Electric Membership Corporation generated $168.2m 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 $167.2m during the year ending 06/2022. While expenses have increased by 2.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC UTILITY SERVICE TO THE COOPERATIVE'S MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UTILIZING APPROXIMATELY 4,327 MILES OF DISTRIBUTION LINES, JOE WHEELER ELECTRIC MEMBERSHIP CORPORATION PROVIDED 1,655,685,287 KILOWATT-HOURS OF ELECTRIC ENERGY TO ITS COOPERATIVE MEMBERS LOCATED IN NORTH ALABAMA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George B Kitchens Ceo/general Manager | Officer | 55 | $292,220 |
Darrell D Latham Journeyman Lineman | 72 | $207,879 | |
Jeffery S Britnell Manager Of Engineering | 55 | $187,340 | |
Donald J Pace II Journeyman Lineman | 66 | $184,735 | |
Patrick D Holmes Chief Financial Officer | Officer | 55 | $176,340 |
William R Beaver Manager Of Operations | 50 | $160,511 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pulse Broadband Llc Fiber Engineering/design | 6/29/22 | $4,729,169 |
Power Grid Services Line Construction | 6/29/22 | $5,452,552 |
Asplundh Tree Expert Company Right Of Way Clearing | 6/29/22 | $3,852,504 |
Sdt Solutions Llc Fiber Line Construction | 6/29/22 | $4,720,889 |
Meridian Cooperativee Inc Computer Service Provider | 6/29/22 | $1,075,268 |
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 | $165,977,877 |
| Investment income | $116,816 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,434,066 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,171,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $31,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $7,440,134 |
| Compensation of current officers, directors, key employees. | $868,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,613,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,063,933 |
| Insurance | $0 |
| All other expenses | $6,553,515 |
| Total functional expenses | $167,224,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,439,131 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $24,066,781 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,554,587 |
| Inventories for sale or use | $12,732,178 |
| Prepaid expenses and deferred charges | $424,129 |
| Net Land, buildings, and equipment | $232,001,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $11,571,748 |
| Investments—program-related | $8,922,494 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $301,712,454 |
| Accounts payable and accrued expenses | $35,894,141 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $127,664,644 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,241,232 |
| Total liabilities | $186,800,017 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $114,912,437 |
| Total liabilities and net assets/fund balances | $301,712,454 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Joe Wheeler Electric Membership Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
National Rural Utilities Cooperative Finance Corp Dulles, VA PURPOSE: INTEGRITY FUND - TERRITORY THREAT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Middle Tennessee Electric Membership Corporation Murfreesboro, TN | $972,885,002 | $816,151,968 |
Cooperative Energy A Mississippi Electric Cooperative Hattiesburg, MS | $2,085,034,483 | $800,776,225 |
Powersouth Energy Cooperative Andalusia, AL | $2,439,100,863 | $643,376,000 |
Jackson Electric Membership Corp Jefferson, GA | $1,224,303,203 | $616,720,445 |
Lee County Electric Cooperative Inc North Fort Myers, FL | $850,449,864 | $497,387,726 |
Withlacoochee River Electric Cooperative Inc Dade City, FL | $1,217,179,383 | $476,736,829 |
Cobb Electric Membership Corporation Marietta, GA | $1,101,529,853 | $448,648,839 |
Sumter Electric Cooperative Inc Sumterville, FL | $962,585,573 | $440,111,118 |
Sawnee Electric Membership Corp Cumming, GA | $881,772,713 | $421,763,531 |
Georgia Transmission Corporation Tucker, GA | $2,954,026,800 | $380,617,270 |
Clay Electric Cooperative Inc Keystone Heights, FL | $801,967,548 | $374,561,378 |
Walton Emc Monroe, GA | $527,402,332 | $323,280,272 |