North Carolina Electric Membership Corporation
Raleigh, North Carolina
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Average
How This Organization Compares
Compared to 9 peers in Mutual & Membership Benefit with >$1B revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $1,171,919,581↓6% | $1,141,919,581↓6% | $2,202,526,245↓5% | — |
| 2022 | $1,247,913,136↑7% | $1,217,913,136↑7% | $2,328,294,916↓1% | — |
| 2021 | $1,170,744,231↑6% | $1,140,744,231↑6% | $2,356,482,991↑8% | — |
| 2020 | $1,109,305,874↓9% | $1,079,305,874↓9% | $2,174,728,007 | — |
| 2019 | $1,219,103,028↑1% | $1,189,103,028↑1% | $2,180,228,388 | — |
| 2018 | $1,210,648,659↑17% | $1,180,648,659↑16% | $2,183,458,229↑6% | — |
| 2017 | $1,037,460,980 | $1,014,460,980 | $2,066,657,554↑3% | — |
| 2016 | $1,032,616,755↓7% | $1,009,616,755↓7% | $2,001,614,331↑6% | — |
| 2015 | $1,110,165,545↓2% | $1,088,364,328↓2% | $1,882,040,693↑7% | — |
| 2014 | $1,133,255,545↑7% | $1,115,813,245↑8% | $1,766,155,702↑1% | — |
| 2013 | $1,054,211,486 | $1,036,269,868 | $1,746,706,802↑6% | — |
| 2012 | $1,053,367,122↑4% | $1,035,773,398↑4% | $1,655,423,468↑8% | — |
| 2011 | $1,012,676,303 | $994,957,128 | $1,531,352,186 | — |
Frequently Asked Questions
What does North Carolina Electric Membership Corporation do?▼
North Carolina Electric Membership Corporation is a mutual & membership benefit nonprofit organization based in North Carolina. It is classified under NTEE code Y22 and is registered as a 501(c) tax-exempt organization with the IRS.
Is North Carolina Electric Membership Corporation financially healthy?▼
Based on our 9-metric Financial Health Score model, North Carolina Electric Membership Corporation has a score of 54/100 (Grade: B-). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does North Carolina Electric Membership Corporation generate?▼
North Carolina Electric Membership Corporation reports $1.3B in annual revenue and holds $2.4B in total assets, based on IRS filings.
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