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Cobb Electric Membership Corporation

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Summary charts: organization finances over time

Revenue
$472M (2022)

Expenses
$460M (2022)

Total Assets
$1.18B (2022)

Total Liabilities
$502M (2022)

Source: Form 990 tax filings from 2012 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$472,050,608
Expenses
$459,841,282
Net Income
$12,209,326
Net Assets
$675,730,310
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $469,291,139
99.4%
Investment Income $1,274,046
0.3%
Bond Proceeds $0
Royalties $940,544
0.2%
Rental Property Income $90,491
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $454,388
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,240,838
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,177,341,705
Total Liabilities $501,611,395
Net Assets $675,730,310
Club or Co-Op Income
Income From Members $457,674,221
Income From Other Sources $67,329,559
Compensation
Key Employees and Officers Compensation Related Other
Brett Stovern (Cfo Former) $645,968 $0 $115,514
Kevan Espy (President &) $627,988 $0 $227,651
Tim Sosebee (Sr Vp Busine) $359,728 $0 $179,323
Timothy Harshbarger (Vp Human Res) $337,254 $0 $41,405
Tim Jarrell (Vp Power Sup) $318,985 $0 $156,840
Kelsie Daniels (Vp Info. Tec) $301,952 $0 $75,935
Bryan Boyd (Director) $59,707 $13,800 $0
Charles M Swanson (Director) $49,747 $0 $0
Edward Crowell (Director) $47,674 $13,200 $0
Eric Broadwell (Director) $45,733 $0 $0
David V Tennant (Chairman) $45,610 $14,400 $0
Kelly P Bodner (Director) $37,687 $0 $0
David Mcclellan (Director) $33,625 $0 $0
William C Sharp Iii (Secretary/Tr) $33,229 $14,400 $0
Rudy R Underwood (Vice Chairma) $32,187 $13,800 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$448,648,839
Expenses
$437,434,333
Net Income
$11,214,506
Net Assets
$567,644,841
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $447,194,304
99.7%
Investment Income $1,337,413
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $91,991
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $25,131
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $1,184,973
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,101,529,853
Total Liabilities $533,885,012
Net Assets $567,644,841
Club or Co-Op Income
Income From Members $430,571,808
Income From Other Sources $36,958,159
Compensation
Key Employees and Officers Compensation Related Other
Peter Heintzelman (Former Ceo) $559,292 $0 $0
Brett Stovern (Cfo) $546,954 $0 $156,024
Kevan Espy (President &) $511,819 $0 $236,522
Timothy Harshbarger (Vp Human Res) $344,320 $0 $41,262
Tim Sosebee (Sr Vp Busine) $340,658 $0 $205,576
James Watts (Dir, Cust. E) $304,393 $0 $12,126
Tim Jarrell (Vp Power Sup) $298,450 $0 $144,049
Bryan Boyd (Director) $66,327 $11,690 $0
Edward Crowell (Director) $57,154 $9,040 $0
Charles M Swanson (Director) $52,753 $0 $0
Eric Broadwell (Director) $51,855 $0 $0
William C Sharp Iii (Director) $47,839 $9,667 $0
David V Tennant (Chairman) $45,546 $9,047 $0
Kelly P Bodner (Secretary/Tr) $43,657 $0 $0
David Mcclellan (Director) $36,474 $0 $0
Rudy R Underwood (Vice Chairma) $35,027 $1,800 $0

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Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$440,537,932
Expenses
$432,785,644
Net Income
$7,752,288
Net Assets
$447,482,210
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $438,966,601
99.6%
Investment Income $1,473,180
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $91,991
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $6,160
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,083,113
0.5%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,094,519,856
Total Liabilities $647,037,646
Net Assets $447,482,210
Club or Co-Op Income
Income From Members $427,244,401
Income From Other Sources $6,439,071
Compensation
Key Employees and Officers Compensation Related Other
Peter Heintzelman (Ceo Thru 11/) $1,088,859 $0 $49,431
Brett Stovern (Cfo) $498,588 $0 $51,175
Kevan Espy (Ceo Eff. 6/1) $357,899 $0 $140,172
Tim Sosebee (Sr Vp Busine) $319,874 $0 $138,159
Tim Jarrell (Vp Power Sup) $267,403 $0 $111,671
Timothy Harshbarger (Vp Human Res) $259,773 $0 $39,791
Paul Gies (Vp Fiber Sou) $242,622 $0 $44,345
Bryan Boyd (Director) $62,401 $10,823 $0
Edward Crowell (Director) $61,913 $10,821 $0
David V Tennant (Director) $58,178 $10,830 $0
Eric Broadwell (Vice Chairma) $54,652 $0 $0
William C Sharp Iii (Chairman) $51,234 $10,846 $0
Charles M Swanson (Director) $42,289 $0 $0
Kelly P Bodner (Secretary/Tr) $41,713 $0 $0
Rudy R Underwood (Director) $37,186 $0 $0
David Mcclellan (Director) $37,186 $0 $0

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Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$436,028,239
Expenses
$438,581,451
Net Income
-$2,553,212
Net Assets
$414,850,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $434,412,271
99.6%
Investment Income $1,515,339
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $100,629
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,958,310
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $999,587,945
Total Liabilities $584,737,319
Net Assets $414,850,626
Club or Co-Op Income
Income From Members $422,851,527
Income From Other Sources $24,915,273
Compensation
Key Employees and Officers Compensation Related Other
Peter Heintzelman (Ceo) $758,296 $0 $55,498
Brett Stovern (Cfo) $498,295 $0 $55,498
Kevan Espy (Vp Mkt/Corp) $386,743 $0 $133,342
Tim Sosebee (Vp Business) $314,218 $0 $137,909
Tim Jarrell (Vp Power Sup) $262,994 $0 $92,064
Kristi Knight (Vp Int. Audi) $235,098 $0 $19,341
David V Tennant (Director) $58,864 $1,846 $0
Edward Crowell (Director) $58,083 $7,946 $0
Bryan Boyd (Director) $54,212 $8,660 $0
Eric Broadwell (Vice Chairma) $45,854 $0 $0
William C Sharp Iii (Chairman) $43,633 $8,655 $0
David Mcclellan (Director) $40,579 $6,737 $0
Kelly P Bodner (Director) $40,085 $0 $0
Rudy R Underwood (Secretary/Tr) $37,692 $0 $0
Charles M Swanson (Director) $35,076 $0 $0

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Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$445,078,655
Expenses
$428,756,565
Net Income
$16,322,090
Net Assets
$390,307,988
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $443,448,187
99.6%
Investment Income $1,492,691
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $137,777
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,119,510
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $961,625,506
Total Liabilities $571,317,518
Net Assets $390,307,988
Club or Co-Op Income
Income From Members $431,666,931
Income From Other Sources $21,585,288
Compensation
Key Employees and Officers Compensation Related Other
Willie T Nelson (Ceo Former) $1,440,323 $0 $75,606
Robert D Steele (Cfo Former) $1,197,593 $0 $34,806
Peter Heintzelman (Ceo) $636,134 $0 $52,350
Jamey Hulsey (Sr Vp Ops ) $521,783 $0 $171,505
David B Johnson (Coo Former) $439,296 $0 $158,754
Angie Jones (Vp Hr Fo) $295,638 $0 $53,651
Bryan Boyd (Director) $59,672 $10,474 $0
Edward Crowell (Vice Chairma) $56,015 $10,845 $0
David V Tennant (Director) $55,052 $0 $0
William C Sharp Iii (Director) $51,854 $10,492 $0
David Mcclellan (Chairman) $48,565 $10,401 $0
Eric Broadwell (Director) $48,342 $0 $0
Rudy R Underwood (Secretary/Tr) $38,842 $0 $0
Kelly P Bodner (Director) $38,342 $0 $0
Charles M Swanson (Director) $34,342 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$428,156,162
Expenses
$432,584,213
Net Income
-$4,428,051
Net Assets
$333,552,091
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $426,535,193
99.6%
Investment Income $1,495,281
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $125,688
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,207,719
0.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $911,858,777
Total Liabilities $578,306,686
Net Assets $333,552,091
Club or Co-Op Income
Income From Members $414,602,552
Income From Other Sources $25,478,767
Compensation
Key Employees and Officers Compensation Related Other
Willie T Nelson (Ceo Former) $635,500 $0 $91,940
David B Johnson (Coo) $411,304 $0 $87,472
Robert D Steele (Cfo) $378,072 $0 $87,472
Jamey Hulsey (Sr Vp Elec O) $279,341 $0 $86,560
Tim Sosebee (Vp Business) $263,733 $0 $83,213
Kevan Espy (Vp Mkt/Corp) $242,794 $0 $58,161
Bryan Boyd (Secretary/Tr) $66,319 $9,926 $0
Edward Crowell (Director) $55,819 $9,607 $0
David V Tennant (Director) $53,997 $0 $0
David Mcclellan (Vice Chairma) $52,497 $615 $0
William C Sharp Iii (Chairman) $52,125 $9,926 $0
Eric Broadwell (Director) $45,112 $0 $0
Rudy R Underwood (Director) $42,612 $0 $0
Kelly P Bodner (Director) $41,612 $0 $0
Charles M Swanson (Director) $40,112 $0 $0
Peter Heintzelman (Ceo) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$443,907,975
Expenses
$426,888,515
Net Income
$17,019,460
Net Assets
$323,993,196
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $442,120,156
99.6%
Investment Income $1,518,918
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $268,901
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,896,878
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $899,668,517
Total Liabilities $575,675,321
Net Assets $323,993,196
Club or Co-Op Income
Income From Members $429,651,948
Income From Other Sources $22,416,316

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$412,980,142
Expenses
$384,125,089
Net Income
$28,855,053
Net Assets
$296,019,710
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $411,120,211
99.5%
Investment Income $1,560,428
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $299,503
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $2,173,376
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $875,165,959
Total Liabilities $579,146,249
Net Assets $296,019,710
Club or Co-Op Income
Income From Members $399,799,104
Income From Other Sources $20,162,546
Compensation
Key Employees and Officers Compensation Related Other
Willie T Nelson (President &) $530,271 $0 $1,216,366
David B Johnson (Coo) $374,154 $0 $140,422
Robert D Steele (Cfo) $365,583 $0 $124,474
Jamey Hulsey (Sr Vp Elec O) $250,385 $0 $99,133
Kevan Espy (Vp Mkt/Corp) $213,358 $0 $70,562
Tim Sosebee (Vp Business) $202,662 $0 $86,357
Bryan Boyd (Chairman) $70,770 $0 $0
Edward Crowell (Director) $59,670 $0 $0
David V Tennant (Director) $50,758 $0 $0
William C Sharp Iii (Vice Chairma) $49,199 $0 $0
Eric Broadwell (Director) $47,186 $0 $0
Charles M Swanson (Director) $39,186 $0 $0
Rudy R Underwood (Director) $38,098 $0 $0
Kelly P Bodner (Director) $37,686 $0 $0
David Mcclellan (Secretary/Tr) $34,186 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$424,513,372
Expenses
$418,162,821
Net Income
$6,350,551
Net Assets
$378,571,058
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $422,363,713
99.5%
Investment Income $1,683,831
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $465,828
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $1,693,067
0.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $871,014,666
Total Liabilities $492,443,608
Net Assets $378,571,058
Club or Co-Op Income
Income From Members $409,878,840
Income From Other Sources $18,590,636
Compensation
Key Employees and Officers Compensation Related Other
Willie T Nelson (President &) $513,381 $0 $718,535
Francis S Myers (Former Hce) $492,695 $0 $0
Samuel W Kelly (Sr Vp Comm A) $487,712 $0 $20,611
Kenneth S Beavers (Sr Vp Elec O) $365,245 $0 $36,917
David B Johnson (Coo) $349,546 $0 $140,456
Robert D Steele (Cfo) $345,176 $0 $131,423
Deborah L Cooper (Materials Ac) $262,945 $0 $7,051
Bryan Boyd (Chairman) $69,065 $0 $0
David V Tennant (Director) $65,052 $0 $0
Eric Broadwell (Director) $54,565 $0 $0
Edward Crowell (Director) $54,565 $0 $0
William C Sharp Iii (Vice Chairma) $50,492 $0 $0
David Mcclellan (Secretary/Tr) $49,052 $0 $0
Charles M Swanson (Director) $41,481 $0 $0
Kelly P Bodner (Director) $38,481 $0 $0
Rudy R Underwood (Director) $38,398 $0 $0
William J Gresham (Former Direc) $16,014 $0 $0
Larry Chadwick (Former Direc) $16,014 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$416,271,078
Expenses
$424,327,972
Net Income
-$8,056,894
Net Assets
$391,972,637
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $413,596,339
99.4%
Investment Income $2,254,912
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $419,827
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $984,026
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $914,245,365
Total Liabilities $522,272,728
Net Assets $391,972,637
Club or Co-Op Income
Income From Members $400,947,833
Income From Other Sources $47,818,705
Compensation
Key Employees and Officers Compensation Related Other
Frank Myers (Sr. Vp Fin F) $581,274 $0 $46,917
Robert Arnett (Sr. Vp Tech ) $575,279 $0 $47,768
Willie T Nelson (President &) $502,395 $0 $17,860
Greg Steele (Coo Procore ) $489,101 $0 $20,669
Leila Lasseter (Sr. Vp Hr Fo) $405,190 $0 $2,325
Robert Steele (Cfo) $326,301 $0 $63,743
Bryan Boyd (Vice Chairma) $62,200 $0 $0
David V Tennant (Chairman) $61,811 $0 $0
Edward Crowell (Director) $59,500 $0 $0
Eric Broadwell (Director) $52,700 $0 $0
David Mcclellan (Secretary/Tr) $52,311 $0 $0
William C Sharp Iii (Director) $42,100 $0 $0
Cheryl G Meadows (Director) $38,683 $0 $0
Rudy R Underwood (Director) $35,600 $0 $0
Charles M Swanson (Director) $29,683 $0 $0
Kelly P Bodner (Director) $29,183 $0 $0
David Mcginnis (Director For) $15,609 $0 $0
William J Gresham (Director For) $15,527 $0 $0
Larry Chadwick (Director For) $15,527 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,789,394
Expenses
$414,151,632
Net Income
$19,637,762
Net Assets
$386,891,144
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $431,411,397
99.5%
Investment Income $2,274,593
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $103,404
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $996,690
0.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $920,437,447
Total Liabilities $533,546,303
Net Assets $386,891,144
Club or Co-Op Income
Income From Members $4,190,891,333
Income From Other Sources $419,089,133

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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