Civic Intelligence

Energyunited Electric Membership Co

EIN 56-2097218 • 501(c)12 • Statesville, NC

View Organization Page

Profile

Provide electrical service to members

PO Box 1831Statesville, NC 28687

www.energyunited.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

31st percentile

0.57x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

29th percentile

1.17x

Higher debt load relative to revenue than 29% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2025

Net Margin

64th percentile

0.8%

Higher net margin than 64% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

76th percentile

$701,586

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)12 • $250M-$1B nonprofits • Source year 2025

Asset Growth

36th percentile

4.1%

Faster asset growth than 36% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

39th percentile

4.0%

Faster revenue growth than 39% of similar nonprofits.

501(c)12 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets31st percentile

Assets

Up

$620,859,332

Up $40,095,618 (+6.9%) from 2023

Liabilities

Up

$334,669,452

Up $19,371,713 (+6.1%) from 2023

Net Assets

Up

$286,189,880

Up $20,723,905 (+7.8%) from 2023

Operations
Liabilities / Revenue29th percentileNet Margin64th percentile

Revenue

Up

$301,097,441

Up $11,143,239 (+3.8%) from 2023

Expenses

Up

$291,450,076

Up $10,008,587 (+3.6%) from 2023

Net Income

Up

$9,647,365

Up $1,134,652 (+13%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$800M$600M$400M$200M$0Assets 2010: $397,674,689Liabilities 2010: $252,595,792Net Assets 2010: $145,078,8972010Assets 2011: $401,346,608Liabilities 2011: $250,777,538Net Assets 2011: $150,569,0702011Assets 2012: $421,054,401Liabilities 2012: $257,778,829Net Assets 2012: $163,275,5722012Assets 2013: $419,513,491Liabilities 2013: $248,623,378Net Assets 2013: $170,890,1132013Assets 2014: $434,422,445Liabilities 2014: $260,903,457Net Assets 2014: $173,518,9882014Assets 2015: $442,073,073Liabilities 2015: $264,020,283Net Assets 2015: $178,052,7902015Assets 2016: $460,821,509Liabilities 2016: $271,269,641Net Assets 2016: $189,551,8682016Assets 2017: $454,632,776Liabilities 2017: $268,002,173Net Assets 2017: $186,630,6032017Assets 2018: $471,829,189Liabilities 2018: $284,696,279Net Assets 2018: $187,132,9102018Assets 2019: $484,723,871Liabilities 2019: $297,459,453Net Assets 2019: $187,264,4182019Assets 2020: $522,295,938Liabilities 2020: $301,242,366Net Assets 2020: $221,053,5722020Assets 2021: $513,896,783Liabilities 2021: $263,171,351Net Assets 2021: $250,725,4322021Assets 2022: $589,019,102Liabilities 2022: $285,891,659Net Assets 2022: $303,127,4432022Assets 2023: $580,763,714Liabilities 2023: $315,297,739Net Assets 2023: $265,465,9752023Assets 2024: $620,859,332Liabilities 2024: $334,669,452Net Assets 2024: $286,189,8802024

Highlighted filing

2024

Assets$620,859,332
Liabilities$334,669,452
Net Assets$286,189,880
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400M$300M$200M$100M$0Expenses 2010: $213,723,6942010Expenses 2011: $212,024,9182011Expenses 2012: $222,163,9472012Revenue 2013: $243,580,121Expenses 2013: $239,668,142Net Income 2013: $3,911,9792013Revenue 2014: $255,863,320Expenses 2014: $249,609,363Net Income 2014: $6,253,9572014Revenue 2015: $268,580,156Expenses 2015: $262,688,923Net Income 2015: $5,891,2332015Revenue 2016: $280,668,478Expenses 2016: $275,272,037Net Income 2016: $5,396,4412016Revenue 2017: $270,999,680Expenses 2017: $268,363,651Net Income 2017: $2,636,0292017Revenue 2018: $288,594,485Expenses 2018: $281,936,984Net Income 2018: $6,657,5012018Revenue 2019: $286,589,142Expenses 2019: $274,814,292Net Income 2019: $11,774,8502019Revenue 2020: $304,657,291Expenses 2020: $273,786,341Net Income 2020: $30,870,9502020Revenue 2021: $280,523,963Expenses 2021: $278,991,951Net Income 2021: $1,532,0122021Revenue 2022: $283,002,756Expenses 2022: $276,535,034Net Income 2022: $6,467,7222022Revenue 2023: $289,954,202Expenses 2023: $281,441,489Net Income 2023: $8,512,7132023Revenue 2024: $301,097,441Expenses 2024: $291,450,076Net Income 2024: $9,647,3652024

Highlighted filing

2024

Revenue$301,097,441
Expenses$291,450,076
Net Income$9,647,365
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$620,859,332
Liabilities
$334,669,452
Net assets
$286,189,880
Revenue
$301,097,441
Expenses
$291,450,076
Net income
$9,647,365
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$621$335$286$301$291$9.65
2023Detailed filing. Detailed filing data is available for this year.$581$315$265$290$281$8.51
2022Detailed filing. Detailed filing data is available for this year.$589$286$303$283$277$6.47
2021Detailed filing. Detailed filing data is available for this year.$514$263$251$281$279$1.53
2020Detailed filing. Detailed filing data is available for this year.$522$301$221$305$274$30.9
2019Detailed filing. Detailed filing data is available for this year.$485$297$187$287$275$11.8
2018Detailed filing. Detailed filing data is available for this year.$472$285$187$289$282$6.66
2017Detailed filing. Detailed filing data is available for this year.$455$268$187$271$268$2.64
2016Detailed filing. Detailed filing data is available for this year.$461$271$190$281$275$5.40
2015Detailed filing. Detailed filing data is available for this year.$442$264$178$269$263$5.89
2014Detailed filing. Detailed filing data is available for this year.$434$261$174$256$250$6.25
2013Detailed filing. Detailed filing data is available for this year.$420$249$171$244$240$3.91
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$421$258$163$222
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$401$251$151$212
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$398$253$145$214
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 24, 2025
Return Version
2024v5.1
Gross Receipts
$301,097,441
Mission and Program Overview

Mission

Provide electrical service to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$467,693,266$506,073,627▲ $38,380,361
Rtn Earn Endowment Incm Other Fnds$265,465,975$286,189,880▲ $20,723,905
Investments Other Securities$32,056,193$32,704,285▲ $648,092
Accounts Receivable$27,611,913$30,702,201▲ $3,090,288
Inventories for Sale or Use$19,621,951$18,618,917▼ $1,003,034
Cash and Non-Interest-Bearing Accounts$4,508,513$2,954,581▼ $1,553,932
Other Notes and Loans Receivable, Net$2,067,862$2,176,000▲ $108,138
Receivables From Officers Etc$9,526$5,292▼ $4,234
Total Assets$580,763,714$620,859,332▲ $40,095,618
Other Assets Total$27,194,490$27,624,429▲ $429,939
Liabilities
Mortgage Notes Payable Secured by Investment Property$245,735,356$270,967,249▲ $25,231,893
Other Liabilities$34,417,934$37,287,400▲ $2,869,466
Accounts Payable and Accrued Expenses$35,144,449$26,414,803▼ $8,729,646
Total Liabilities$315,297,739$334,669,452▲ $19,371,713
Net Assets / Fund Balance
Total Net Assets Fund Balance$265,465,975$286,189,880▲ $20,723,905
Total Liabilities and Net Assets / Fund Balance$580,763,714$620,859,332▲ $40,095,618

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$506,073,627$295,668,419$801,742,046
Other Securities$32,704,285--
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas GoldenCEOFT$180,222$69,419$615,995
Howard W WilkinsCEO-retired-$298,180$583,639$525,090
Alec NattCFOFT$293,295$93,313$387,325
Brett AlkinsCOOFT$283,871$78,517$379,992
Pamela BrittChroFT$31,771$84,261$367,122
Steve MccachernVP Energy DeliveryFT$177,196$69,566$325,999
Laquisha ParksVP Energy ServicesFT$181,248$51,914$303,303
Matt M SharpeDirector of OperationsFT$523,603$102,290$295,275
Ryan GardnerVP Information TechFT$224,624$22,250$265,411
W Max WalserFormer President-retiredPT$260,008$262,146$259,826
Brian KoontzLinemanFT$172,559$27,725$212,977
Brett BerryLinemanFT$220,284$11,632$212,791
Lewie FavreLinemanFT$161,947$57,290$209,204
Brian DacaretIt ManagerFT$233,379$31,729$202,944
Brian SissonPresidentPT$22,232$7,200$29,432
C Edgar CartnerDirectorPT$27,845$1,433$29,278
Craig W BlackTreasurerPT$27,232-$27,232
Ronnie HarrisonSecretaryPT$24,255$2,600$26,855
Jerry S AndersonDirectorPT$26,614-$26,614
Cheryl WrightVice PresidentPT$23,052$2,580$25,632
Zolee RiggsDirector-$22,232-$22,232
Lisa PullisDirector-$15,088-$15,088
Jill Doss-rainesDirectorPT$8,808-$8,808

Highest Paid Contractors

ContractorServicesLocationCompensation
Utility Lines ConstructionElec Plant Constru708 BLAIR MILL RD, Willow Grove, PA 19090$16,936,140
Asplundh Tree Expert CoR-o-w ClearingPO BOX 532729, Atlanta, GA 30353-2729$8,759,749
Cooperative Building SolutionsConstn Mgmt77 WESTPORT PLAZA SUITE 250, Saint Louis, MO 63146$3,843,613
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$296,270,181
Investment Income
$1,123,698
Other Revenue
$3,703,562
Change in Net Assets
$9,647,365

Audited Revenue Reconciliation

Revenue per Audited Statements
$301,097,441
Total Revenue per Audited Statements
$301,097,441
Total Revenue per Form 990
$301,097,441
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$261,366,481
Salaries, Compensation, and Employee Benefits$26,464,192
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$27,109,042--$27,109,042
Other Salaries and Wages$16,814,906--$16,814,906
Fees for Services Other$12,095,993--$12,095,993
Interest$8,897,002--$8,897,002
Other Employee Benefits$8,213,009--$8,213,009
Benefits to Members$3,619,403--$3,619,403
Travel$2,328,976--$2,328,976
Other Expenses$2,291,237--$2,291,237
Information Technology$2,120,150--$2,120,150
Office Expenses$1,887,361--$1,887,361
Payroll Taxes$1,436,277--$1,436,277
All Other Expenses$1,426,285--$1,426,285
Fees for Services Management$1,371,619--$1,371,619
Insurance$794,434--$794,434
Conferences and Meetings$480,998--$480,998
Advertising$330,417--$330,417
Fees for Services Legal$221,160--$221,160
Occupancy$163,461--$163,461
Fees for Services Accounting$32,000--$32,000
Total Functional Expenses$291,450,076$0$0$291,450,076

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$287,830,571
Total Expenses per Audited Statements$287,830,571
Total Expenses per Form 990$287,830,571
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$9,526$5,292▼ $4,234
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Credits$24,465,122
Accum Obligation for Postretiremen$5,873,358
Other Noncurrent Liabilities$3,742,489
Consumer Deposits$3,206,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Member election for additional members Part VI line 7A

“Board members are elected at the annual meeting”

Governing body decisions Part VI line 7B

“Board of directors and/or stockholders”

Form 990 governing body review Part VI line 11

“Reviewed at a regular meeting of the board of directors”

Conflict of interest policy compliance Part VI line 12C

“Employee meetings and exception reports”

CEO executive director top management comp Part VI line 15A

“Use of salary surveys and compensation consultants”

Other officer or key employee compensation Part VI line 15B

“Use of external salary surveys and compensation consultants”

Governing documents etc available to public Part VI line 19

“Documents are available to public”

Filing and Contact Details

Filer

Filer Name
Energyunited Electric Membership Co
EIN
56-2097218
In Care Of
% alec natt
Phone
7048735241
Address
PO BOX 1831, Statesville, NC 28687
Doing Business As
Energyunited Electric Membersh

Signing Officer

Name
Alec Natt
Title
Chief Financial Officer
Phone
7048785153
Signed
2025-06-24

Organization Details

Formed
1998
Legal Domicile
Nc
Voting Board Members
9
Independent Board Members
9
Employees
277
Supplemental Narrative

Additional Explanations

Explanation of other changes in net assets or fund balances Part XI line 9

“Changes in derivatives and actuarial gains-comprehensive and new memberships 11,076,540”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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