#129 of 500 · Member & Benefit Funds

North Carolina Electric Membership Corporation

EIN 56-0995910 · NC · NTEE Y22 · Form 990, fiscal 2023

A nonprofit generation and transmission electric cooperative headquartered in the Raleigh area of North Carolina. It is one of the largest G&T cooperatives in the nation, supplying wholesale electricity to its member distribution cooperatives, which together serve more than 2.5 million people across most North Carolina counties. NCEMC owns generation assets, purchases power, and coordinates transmission resources for its members.

Financials, fiscal 2023

Revenue

$1.17B

Expenses

$1.14B

Total assets

$2.20B

Net assets

$389.5M

Operating margin

2.6%

1-year growth

-6.1%

5-year growth (CAGR)

-1.0%

Reserve (years of spending)

4.1

Contributions share

n/a

Programme spending

97.6%

Fundraising cost

n/a

Executive pay share

0.62%

Employees

201

Revenue per employee

$5.8M

Grants paid

$730K

Years filing

23

NFP Health Score: 73 / 100

Financial 49 · Governance 100 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Revenue history