North Carolina Electric Membership Corporation
Raleigh, NC · EIN 56-0995910 · Mutual and membership benefit · Rank 467 by total revenue
Sale of electric power to nc distribution member cooperatives.
Money, Form 990 for tax year 2025
- Total revenue
- $1,402,413,754
- Total expenses
- $1,372,413,754
- Total assets
- $2,425,741,838
- Salary base (all salaries and wages)
- $48,871,429
- Salaries, other pay and benefits
- $49,772,612
- Employees
- 200
- Salary base per employee
- $244,357
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (57)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Joseph P Brannan | EXECUTIVE VP & CEO | Officer | 34 | $3,522,039 |
| Lark S James | SENIOR VP, FINANCE & CFO | Officer | 34 | $829,741 |
| Charles Bayless | SENIOR VP, GENERAL COUNSEL | Officer | 34 | $529,536 |
| Douglas R Browne | CHIEF FINANCIAL OFFICER | Officer | 34 | $498,295 |
| Michael Youth | ASSISTANT SECRETARY/TREASURER | Officer | 34 | $340,955 |
| Timothy Dodge | ASSISTANT SECRETARY/TREASURER | Officer | 34 | $290,111 |
| Susan E Flythe | PRESIDENT | Board, Officer | 4 | None reported |
| Josh Winslow | VICE PRESIDENT | Board, Officer | 4 | None reported |
| Eddie Oldham | VICE PRESIDENT | Board, Officer | 4 | None reported |
| Amadou Fall | SENIOR VP & COO | Key employee | 40 | $793,733 |
| Kevin Heath | DIRECTOR | Board | 2 | None reported |
| John W Spence | DIRECTOR | Board | 2 | None reported |
| Katie Woodle | DIRECTOR | Board | 2 | None reported |
| Johnny Wishon | DIRECTOR | Board | 2 | None reported |
| David Gore | DIRECTOR | Board | 2 | None reported |
| Richard A Midgett | DIRECTOR | Board | 2 | None reported |
| Jacob Joplin | DIRECTOR | Board | 2 | None reported |
| Deloria Irby | DIRECTOR | Board | 2 | None reported |
| Rebecca P Cogan | DIRECTOR | Board | 2 | None reported |
| Winston Howell | DIRECTOR | Board | 2 | None reported |
| Elbert Ray Pitt Jr | DIRECTOR | Board | 2 | None reported |
| Thomas Golden | DIRECTOR | Board | 2 | None reported |
| Brian Sisson | DIRECTOR | Board | 2 | None reported |
| Donald Lee Gatton | DIRECTOR | Board | 2 | None reported |
| S Franklin Williams | DIRECTOR | Board | 2 | None reported |
| Tucker Lemley | DIRECTOR | Board | 2 | None reported |
| Basil Williams | DIRECTOR | Board | 2 | None reported |
| Tom Batchelor | DIRECTOR | Board | 2 | None reported |
| Lucas Sorrell | DIRECTOR | Board | 2 | None reported |
| Ricky Maready | DIRECTOR | Board | 2 | None reported |
| John L Pierce | DIRECTOR | Board | 2 | None reported |
| Jon T Locklear | DIRECTOR | Board | 2 | None reported |
| Rory Eddings | DIRECTOR | Board | 2 | None reported |
| Donald H Spivey | DIRECTOR | Board | 2 | None reported |
| Benjamin R Lybrand | DIRECTOR | Board | 2 | None reported |
| Jordan Overbee | DIRECTOR | Board | 2 | None reported |
| J Randy Kinley | DIRECTOR | Board | 2 | None reported |
| Mark A Suggs | DIRECTOR | Board | 2 | None reported |
| Jeffrey N Letchworth | DIRECTOR | Board | 2 | None reported |
| Dennis Mabe | DIRECTOR | Board | 2 | None reported |
| Jerry Bowman | DIRECTOR | Board | 2 | None reported |
| Marshall Cherry | DIRECTOR | Board | 2 | None reported |
| Allen W Speller | DIRECTOR | Board | 2 | None reported |
| Jeff Brittain | DIRECTOR | Board | 2 | None reported |
| Mark Mullen | DIRECTOR | Board | 2 | None reported |
| Christopher Spears | DIRECTOR | Board | 2 | None reported |
| Kelly Harrington | DIRECTOR | Board | 2 | None reported |
| W Greg Puckett | DIRECTOR | Board | 2 | None reported |
| Karoline Overby | DIRECTOR | Board | 2 | None reported |
| Paul Spruill | DIRECTOR | Board | 2 | None reported |
| J Douglas Brinson | DIRECTOR | Board | 2 | None reported |
| J Michael Davis | DIRECTOR | Board | 2 | None reported |
| Carl W Kornegay Jr | DIRECTOR | Board | 2 | None reported |
| Greg Andress | DIRECTOR | Board | 2 | None reported |
| Dent Turner | DIRECTOR | Board | 2 | None reported |
| James E Mangum Jr | DIRECTOR | Board | 2 | None reported |
| Mike Dickerson | DIRECTOR | Board | 2 | None reported |
Top 10 paid people listed
These 10 people received $8,192,420, which is 16.8% of the $48,871,429 salary base shared by 200 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Joseph P Brannan | EXECUTIVE VP & CEO | Officer | 34 | $3,380,025 | $0 | $142,014 | $3,522,039 |
| Lark S James | SENIOR VP, FINANCE & CFO | Officer | 34 | $772,072 | $0 | $57,669 | $829,741 |
| Amadou Fall | SENIOR VP & COO | Key employee | 40 | $680,556 | $0 | $113,177 | $793,733 |
| Charles Bayless | SENIOR VP, GENERAL COUNSEL | Officer | 34 | $403,455 | $0 | $126,081 | $529,536 |
| Douglas R Browne | CHIEF FINANCIAL OFFICER | Officer | 34 | $366,401 | $0 | $131,894 | $498,295 |
| Christopher Vanlokeren | CHIEF INFORMATION OFFICER | Highly paid employee | 34 | $374,960 | $0 | $111,235 | $486,195 |
| Lee S Ragsdale | SENIOR VICE PRESIDENT, GRID INFRASTRUCTURE & COMPL | Highly paid employee | 40 | $315,206 | $0 | $129,244 | $444,450 |
| James Wilkins | VP, ENERGY PORTFOLIO | Highly paid employee | 40 | $292,467 | $0 | $77,581 | $370,048 |
| Jason L Caudle | SENIOR VICE PRESIDENT & COO, TEMA | Highly paid employee | 6 | $292,462 | $0 | $75,428 | $367,890 |
| Nelle Hotchkiss | SENIOR VP & COO, NCAEC | Highly paid employee | 10 | $306,616 | $0 | $43,877 | $350,493 |
Sources
- IRS e-file return 202621529349300807 (Form 990, period ending 2025-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 56-0995910
- Organization website (as filed): www.ncemcs.com