Civic Intelligence

Baldwin County Electric Membership

EIN 63-0014658 • 501(c)12 • Summerdale, AL

Profile

Rural electric cooperative serving baldwin and monroe counties in alabama.

PO Box 220Summerdale, AL 36580-0220

www.baldwinemc.com

Siviq Scores

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

Liabilities / Assets

34th percentile

0.57x

Higher debt load relative to assets than 34% of similar nonprofits.

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

Liabilities / Revenue

15th percentile

0.97x

Higher debt load relative to revenue than 15% of similar nonprofits.

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

Net Margin

56th percentile

0.4%

Higher net margin than 56% of similar nonprofits.

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

Top Officer Pay

89th percentile

$873,069

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

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

Asset Growth

30th percentile

3.6%

Faster asset growth than 30% of similar nonprofits.

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

Revenue Growth

46th percentile

5.8%

Faster revenue growth than 46% of similar nonprofits.

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

Assets

Up

$387,386,939

Up $10,509,654 (+2.8%) from 2023

Liabilities

Up

$216,684,381

Up $4,489,245 (+2.1%) from 2023

Net Assets

Up

$170,702,558

Up $6,020,409 (+3.7%) from 2023

Revenue

Up

$223,320,389

Up $19,915,770 (+9.8%) from 2023

Expenses

Up

$217,635,169

Up $17,881,096 (+9.0%) from 2023

Net Income

Up

$5,685,220

Up $2,034,674 (+56%) from 2023

Trend Graphs

Balance Sheet Trend

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

$400M$300M$200M$100M$0Assets 2010: $234,041,412Liabilities 2010: $145,100,512Net Assets 2010: $88,940,9002010Assets 2011: $248,468,751Liabilities 2011: $152,892,542Net Assets 2011: $95,576,2092011Assets 2012: $256,472,268Liabilities 2012: $153,023,390Net Assets 2012: $103,448,8782012Assets 2013: $274,155,485Liabilities 2013: $163,370,785Net Assets 2013: $110,784,7002013Assets 2014: $284,120,116Liabilities 2014: $170,619,559Net Assets 2014: $113,500,5572014Assets 2015: $279,944,319Liabilities 2015: $165,183,262Net Assets 2015: $114,761,0572015Assets 2016: $293,423,591Liabilities 2016: $170,776,890Net Assets 2016: $122,646,7012016Assets 2017: $302,641,269Liabilities 2017: $173,992,886Net Assets 2017: $128,648,3832017Assets 2018: $310,432,205Liabilities 2018: $175,687,158Net Assets 2018: $134,745,0472018Assets 2019: $318,556,428Liabilities 2019: $176,947,160Net Assets 2019: $141,609,2682019Assets 2020: $359,848,505Liabilities 2020: $215,949,596Net Assets 2020: $143,898,9092020Assets 2021: $367,049,686Liabilities 2021: $213,429,612Net Assets 2021: $153,620,0742021Assets 2022: $361,094,630Liabilities 2022: $201,053,632Net Assets 2022: $160,040,9982022Assets 2023: $376,877,285Liabilities 2023: $212,195,136Net Assets 2023: $164,682,1492023Assets 2024: $387,386,939Liabilities 2024: $216,684,381Net Assets 2024: $170,702,5582024

Highlighted filing

2024

Assets$387,386,939
Liabilities$216,684,381
Net Assets$170,702,558

Operations Trend

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

$300M$200M$100M$0Expenses 2010: $144,009,4322010Expenses 2011: $144,095,6602011Revenue 2012: $148,122,481Expenses 2012: $141,650,325Net Income 2012: $6,472,1562012Revenue 2013: $148,212,404Expenses 2013: $141,652,868Net Income 2013: $6,559,5362013Revenue 2014: $158,360,246Expenses 2014: $156,215,321Net Income 2014: $2,144,9252014Revenue 2015: $151,506,848Expenses 2015: $150,687,877Net Income 2015: $818,9712015Revenue 2016: $155,807,377Expenses 2016: $148,366,732Net Income 2016: $7,440,6452016Revenue 2017: $159,997,076Expenses 2017: $153,764,740Net Income 2017: $6,232,3362017Revenue 2018: $169,102,063Expenses 2018: $163,833,220Net Income 2018: $5,268,8432018Revenue 2019: $169,762,339Expenses 2019: $164,110,648Net Income 2019: $5,651,6912019Revenue 2020: $164,972,070Expenses 2020: $163,076,299Net Income 2020: $1,895,7712020Revenue 2021: $178,280,689Expenses 2021: $168,710,110Net Income 2021: $9,570,5792021Revenue 2022: $195,242,494Expenses 2022: $193,470,762Net Income 2022: $1,771,7322022Revenue 2023: $203,404,619Expenses 2023: $199,754,073Net Income 2023: $3,650,5462023Revenue 2024: $223,320,389Expenses 2024: $217,635,169Net Income 2024: $5,685,2202024

Highlighted filing

2024

Revenue$223,320,389
Expenses$217,635,169
Net Income$5,685,220

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$387$217$171$223$218$5.69
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$377$212$165$203$200$3.65
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$361$201$160$195$193$1.77
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$367$213$154$178$169$9.57
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$360$216$144$165$163$1.90
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$319$177$142$170$164$5.65
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$310$176$135$169$164$5.27
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$303$174$129$160$154$6.23
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$293$171$123$156$148$7.44
2015Detailed filing. Detailed filing data is available for this year.$280$165$115$152$151$0.82
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$284$171$114$158$156$2.14
2013Detailed filing. Detailed filing data is available for this year.$274$163$111$148$142$6.56
2012Summary only. Only limited summary data is available for this year.$256$153$103$148$142$6.47
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$248$153$95.6$144
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$234$145$88.9$144
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2016 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 25, 2017
Return Version
2016v3.0
Gross Receipts
$155,807,377
Mission and Program Overview

Mission

Rural electric cooperative serving baldwin and monroe counties in alabama.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$194,529,818$199,848,339▲ $5,318,521
Rtn Earn Endowment Incm Other Fnds$114,484,847$122,363,626▲ $7,878,779
Investments Program Related$56,570,909$59,144,576▲ $2,573,667
Accounts Receivable$13,075,465$13,891,425▲ $815,960
Savings and Temporary Cash Investments$3,328,321$9,165,765▲ $5,837,444
Inventories for Sale or Use$6,067,494$5,838,688▼ $228,806
Cap Stk Tr Prin Current Funds$276,210$283,075▲ $6,865
Prepaid Expenses and Deferred Charges$83,726$98,840▲ $15,114
Receivables From Officers Etc$235--
Total Assets$279,944,319$293,423,591▲ $13,479,272
Other Assets Total$6,288,351$5,435,958▼ $852,393
Liabilities
Mortgage Notes Payable Secured by Investment Property$127,529,461$122,252,801▼ $5,276,660
Other Liabilities$14,436,327$23,793,360▲ $9,357,033
Accounts Payable and Accrued Expenses$16,338,391$18,018,272▲ $1,679,881
Tax Exempt Bond Liabilities$6,879,083$6,712,457▼ $166,626
Total Liabilities$165,183,262$170,776,890▲ $5,593,628
Net Assets / Fund Balance
Total Net Assets Fund Balance$114,761,057$122,646,701▲ $7,885,644
Total Liabilities and Net Assets / Fund Balance$279,944,319$293,423,591▲ $13,479,272

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,000--
Other Land Buildings$199,848,339$79,783,288-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
E a Jakins JrFormer CEO-$23,339$373,279$396,618
Karen L MooreCEOFT$261,590$115,810$377,400
A Clyde AbramsVP Admin SerFT$216,963$81,050$298,013
A Clyde AbramsVP Admin Services-$199,961$98,052$298,013
Alan L SchottVP Fin/accFT$190,658$94,847$285,505
William Jody TaylorVP OperationFT$198,516$77,358$275,874
William Jody TaylorVP Operations-$188,999$86,875$275,874
Steven Kent IrvinVP EngineeriFT$164,509$64,148$228,657
Steven Kent IrvinVP Engineering-$148,225$80,432$228,657
Sue CampbellManager HrFT$144,299$75,594$219,893
Mark IngramVP Energy SeFT$139,880$57,897$197,777
Mark IngramVP Energy Services-$133,847$63,930$197,777
W Brian SealsManager EngiFT$131,491$54,595$186,086
W Brian SealsManager Engineering-$118,571$67,515$186,086
Peggy Vanover-barnesPresidentPT$58,606$15,824$74,430
Chad GraceDirectorPT$49,304$15,848$65,152
Tommie WernethVice-presidePT$45,696$15,807$61,503
Joseph ColemanDirectorPT$41,414$15,824$57,238
Jimmy LafoySecretary/trPT$41,382$15,824$57,206
Robert KaiserDirectorPT$41,526$15,633$57,159
Aubury L FullerDirectorPT$38,570$15,759$54,329

Highest Paid Contractors

ContractorServicesLocationCompensation
Ryland's Underground ServiceWire RepairP O BOX 1265, Fairhope, AL 36533$1,708,764
Mdr ConstructionOvhd Conductor621 EAST BAYLIS CHAPEL RD, Columbia, MS 39429$874,585
BhaEngineeringPO BOX 4467, Baton Rouge, LA 70821$414,057
NiscSoftware & SuppP O BOX 1147, Mandan, ND 58554$404,809
Osmose Utilities ServicesPole InspectionPO BOX 8000, Buffalo, NY 14267$394,920
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$152,687,170
Investment Income
$67,677
Other Revenue
$3,052,530
Change in Net Assets
$7,440,645

Audited Revenue Reconciliation

Revenue per Audited Statements
$155,807,377
Total Revenue per Audited Statements
$155,807,377
Total Revenue per Form 990
$155,807,377
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$143,877,853
Salaries, Compensation, and Employee Benefits$2,202,419
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$10,424,150
All Other Expenses---$8,394,539
Other Expenses---$4,997,247
Interest---$4,701,720
Benefits to Members---$2,286,460
Current Officers, Directors, Trustees, and Key Employees---$1,001,845
Other Salaries and Wages---$819,433
Comp Disqual Persons---$381,141
Total Functional Expenses$0$0$0$148,366,732

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$148,366,732
Expenses per Audited Statements$146,080,272
Total Expenses per Audited Statements$146,080,272
Expenses Not Reported on Financial Statements$2,286,460
Other Expense Adjustments$2,286,460
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$235--
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Consumer Deposits$6,607,065
Other Deferrred Credits$5,909,675
Postretirement Benefits$5,776,620
Line of Credit$5,500,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AGulf Opportunity Zone Bonds2008-07-01$7,900,465-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A----

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Member owned corporation.

Form 990, Page 6, Part VI, Line 7A

Board of directors are elected by the members.

Form 990, Page 6, Part VI, Line 7B

Bylaw changes, election of board of directors and sale of cooperative.

Form 990, Page 6, Part VI, Line 11B

Management presents the tax return to the board for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

Officer, directors or trustees, and key employees are required to notify management or the board as potential conflicts arise. The corporation reviews all payments and each supervisor determines if a potential conflict should be considered.

Form 990, Page 6, Part VI, Line 15A

The corporation uses an independent consultant who presents a compensation comparision for all positions at the corporation; this comparison is the basis for compensation.

Form 990, Page 6, Part VI, Line 15B

The corporation uses an independent consultant who presents a compensation comparision for all positions at the corporation; this comparison is the basis for compensation.

Form 990, Page 6, Part VI, Line 19

Documents are available for inspection in summerdale, al upon request. Bylaws and annual report available online on the company website.

Filing and Contact Details

Filer

Filer Name
Baldwin County Electric Membership
EIN
63-0014658
Phone
2519896247
Address
PO BOX 220, SUMMERDALE, AL 36580-0220

Signing Officer

Name
Karen L Moore
Title
CEO
Phone
2519896247
Signed
2017-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Karen L Moore
Legal Domicile
Al
Voting Board Members
7
Independent Board Members
7
Employees
230

Preparer

Firm
Gruenloh & Associates Pc
Address
PO BOX 895, ROBERTSDALE, AL 36567
Preparer
Wayne a Gruenloh
Phone
2519471040
Supplemental Narrative

Additional Explanations

Form 990

Part ix, line 4 - retirement of capital credits disclosed represent the retirement of patronage capital allocated in prior years which were paid to members in the current year.

Form 990, Page 2, Part III, Line 4D

Provided electric service to an average of 72,561 customers in the rural areas of baldwin and monroe counties in alabama.

Form 990, Part XI, Line 9

Change in memberships 6,865 unclaimed capital credit checks 438,134 total 444,999

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

Retirement of capital credits paid 2,286,460

Raw XML AppendixShowing 400 of 657 raw XML fields

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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4INVESTMENT - FED. RURAL ELECTRIC INS
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IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc10INVESTMENT - NRTC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc11ECONOMIC DEVELOPMENT PROJECTS
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2POSTRETIREMENT BENEFITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3LINE OF CREDIT
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RETIREMENT OF CAPITAL CREDITS PAID 2,286,460
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

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