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Excelsior 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.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$57.4M (2023)

Expenses
$56.6M (2023)

Total Assets
$138M (2023)

Total Liabilities
$69.6M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits 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.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$57,359,692
Expenses
$56,571,127
Net Income
$788,565
Net Assets
$68,071,458
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,580,824
98.6%
Investment Income $778,868
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $760,916
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $137,691,197
Total Liabilities $69,619,739
Net Assets $68,071,458
Club or Co-Op Income
Income From Members $57,084,163
Income From Other Sources $833,676
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $364,343 $0 $145,440
William A Walden (Executive Vp) $274,132 $0 $98,653
James Porter (Vp Engineeri) $169,002 $0 $58,899
Jamey Donaldson (Constr. Crew) $151,373 $0 $49,112
Matthew Smith (Constr. Crew) $143,997 $0 $57,018
Perry Durden (Engineering) $137,571 $0 $59,747
Amy Hendrix (Director) $31,382 $0 $0
Russell Mathis (Director) $31,382 $0 $0
Mike Anderson (Chairman) $31,350 $0 $0
David Cromley (Director) $31,350 $0 $0
Jordy Carter (Director) $30,845 $0 $0
Gw Johnson Jr (Secretary/Tr) $25,530 $0 $0
Solly Trapnell (Director) $25,530 $0 $0
Grady Mccray (Director) $24,874 $0 $0
Wade C Hodges (Vice Chairma) $18,890 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,051,818
Expenses
$57,121,131
Net Income
-$1,069,313
Net Assets
$65,065,119
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $55,707,116
99.4%
Investment Income $344,702
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $697,667
1.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $124,732,213
Total Liabilities $59,667,094
Net Assets $65,065,119
Club or Co-Op Income
Income From Members $56,695,139
Income From Other Sources $513,961
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $323,907 $0 $128,581
William A Walden (Mgr, Data &) $249,510 $0 $86,216
Jessie R Goodman (Mgr, Maint &) $211,256 $0 $77,824
James Porter (Mgr. Member) $145,382 $0 $49,447
Michelle Parker (Executive As) $129,819 $0 $49,027
James Mcneely (Constr. Crew) $125,973 $0 $48,753
Gary Drake (President/Ce) $117,892 $0 $0
Mike Anderson (Chairman) $31,245 $0 $0
Amy Hendrix (Director) $30,983 $0 $0
Jordy Carter (Director) $30,735 $0 $0
David Cromley (Director) $30,735 $0 $0
Russell Mathis (Director) $30,728 $0 $0
Gw Johnson Jr (Secretary/Tr) $24,485 $0 $0
Solly Trapnell (Director) $24,480 $0 $0
Grady Mccray (Director) $23,994 $0 $0
Wade C Hodges (Vice Chairma) $17,794 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,904,608
Expenses
$45,904,608
Net Income
$0
Net Assets
$63,065,805
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $45,580,228
99.3%
Investment Income $324,380
0.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $651,969
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $119,361,267
Total Liabilities $56,295,462
Net Assets $63,065,805
Club or Co-Op Income
Income From Members $44,165,718
Income From Other Sources $613,127
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $293,914 $0 $114,942
William A Walden (Mgr, Data &) $226,984 $0 $76,072
Jessie R Goodman (Mgr, Maint &) $182,146 $0 $69,300
James Porter (Mgr. Member) $130,918 $0 $43,620
Gary Drake (President/Ce) $117,879 $0 $0
Michelle Parker (Executive As) $116,850 $0 $44,888
James Mcneely (Constr. Crew) $116,004 $0 $45,216
Amy Hendrix (Director) $30,554 $0 $0
Russell Mathis (Director) $30,554 $0 $0
Mike Anderson (Chairman) $30,540 $0 $0
Jordy Carter (Director) $30,540 $0 $0
David Cromley (Director) $30,540 $0 $0
Gw Johnson Jr (Secretary/Tr) $24,480 $0 $0
Solly Trapnell (Director) $24,480 $0 $0
Grady Mccray (Director) $24,000 $0 $0
Wade C Hodges (Vice Chairma) $17,425 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$43,703,309
Expenses
$43,703,309
Net Income
$0
Net Assets
$61,304,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,247,059
99.0%
Investment Income $456,250
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $602,876
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $112,540,171
Total Liabilities $51,235,387
Net Assets $61,304,784
Club or Co-Op Income
Income From Members $42,191,670
Income From Other Sources $553,391
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $275,122 $0 $106,913
William A Walden (Mgr, Data &) $210,623 $0 $72,925
Jessie R Goodman (Mgr, Maint &) $168,657 $0 $64,304
James Porter (Mgr. Member) $121,593 $0 $38,754
Gary Drake (President/Ce) $117,633 $0 $0
James Mcneely (Constr. Crew) $116,009 $0 $42,136
Christopher Howell (Mgr. Fin. &) $112,962 $0 $47,505
Jordy Carter (Director) $31,465 $0 $0
Mike Anderson (Chairman) $31,215 $0 $0
David Cromley (Director) $31,215 $0 $0
Solly Trapnell (Director) $24,905 $0 $0
Gw Johnson Jr (Secretary/Tr) $24,660 $0 $0
Grady Mccray (Director) $24,435 $0 $0
Wade C Hodges (Vice Chairma) $21,491 $0 $0
Amy Hendrix (Director) $20,834 $0 $0
Jerry Cadwell Jr (Director) $10,117 $0 $0
Russell Mathis (Director) $505 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$45,190,035
Expenses
$45,190,035
Net Income
$0
Net Assets
$59,441,334
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $44,494,563
98.5%
Investment Income $695,472
1.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $610,732
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $106,868,855
Total Liabilities $47,427,521
Net Assets $59,441,334
Club or Co-Op Income
Income From Members $39,659,845
Income From Other Sources $821,459
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $261,293 $0 $103,059
William A Walden (Mgr, Data &) $208,300 $0 $73,013
Jessie R Goodman (Mgr, Maint &) $159,904 $0 $62,016
Gary Drake (President/Ce) $115,939 $0 $0
James Porter (Mgr. Member) $112,428 $0 $37,271
James Mcneely (Constr. Crew) $111,354 $0 $40,689
Matthew Smith (Constr. Crew) $109,351 $0 $44,512
Jordy Carter (Director) $29,670 $0 $0
David Cromley (Director) $29,670 $0 $0
Mike Anderson (Chairman) $29,175 $0 $0
Grady Mccray (Director) $23,738 $0 $0
Billy R Hickman (Director) $23,730 $0 $0
Gw Johnson Jr (Secretary/Tr) $23,730 $0 $0
Solly Trapnell (Director) $23,235 $0 $0
Jerry Cadwell Jr (Director) $22,265 $0 $0
Wade C Hodges (Vice Chairma) $21,891 $0 $0
Wd Johnson (Director) $19,275 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$44,230,999
Expenses
$44,230,999
Net Income
$0
Net Assets
$57,294,310
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $43,608,001
98.6%
Investment Income $622,998
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $594,652
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $95,965,982
Total Liabilities $38,671,672
Net Assets $57,294,310
Club or Co-Op Income
Income From Members $40,471,097
Income From Other Sources $703,720
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $250,290 $0 $94,362
William A Walden (Mgr, Data &) $204,905 $0 $67,955
Jessie R Goodman (Mgr, Maint &) $155,257 $0 $57,896
Sharon Kingery (Manager Fin.) $114,741 $0 $42,067
Gary Drake (President/Ce) $114,688 $0 $0
Christopher Howell (Constr. Crew) $110,410 $0 $43,155
James Porter (Mgr. Member) $107,717 $0 $34,649
Jordy Carter (Director) $29,580 $0 $0
David Cromley (Director) $29,100 $0 $0
Mike Anderson (Vice Chairma) $29,100 $0 $0
Gw Johnson Jr (Secretary/Tr) $23,640 $0 $0
Solly Trapnell (Director) $23,640 $0 $0
Jerry Cadwell Jr (Director) $23,619 $0 $0
Grady Mccray (Director) $23,163 $0 $0
Billy R Hickman (Director) $23,160 $0 $0
Wd Johnson (Chairman) $23,139 $0 $0
Wade C Hodges (Director) $21,859 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,292,019
Expenses
$40,292,019
Net Income
$0
Net Assets
$53,509,317
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,865,115
98.9%
Investment Income $426,904
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $583,939
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $91,773,232
Total Liabilities $38,263,915
Net Assets $53,509,317
Club or Co-Op Income
Income From Members $37,295,850
Income From Other Sources $528,565
Compensation
Key Employees and Officers Compensation Related Other
Greg Proctor (President/Ce) $244,465 $0 $90,421
William A Walden (Mgr, Data &) $198,598 $0 $62,706
Jessie R Goodman (Mgr, Maint &) $144,594 $0 $53,791
Gary Drake (President/Ce) $114,479 $0 $0
Sharon Kingery (Manager Fin.) $111,014 $0 $38,604
Mike Anderson (Vice Chairma) $29,460 $0 $0
Jordy Carter (Director) $29,460 $0 $0
David Cromley (Director) $28,020 $0 $0
Gw Johnson Jr (Secretary/Tr) $23,700 $0 $0
Solly Trapnell (Director) $23,700 $0 $0
Wd Johnson (Chairman) $23,684 $0 $0
Grady Mccray (Director) $23,684 $0 $0
Billy R Hickman (Director) $23,208 $0 $0
Jerry Cadwell Jr (Director) $22,724 $0 $0
Wade C Hodges (Director) $21,413 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,017,995
Expenses
$40,017,995
Net Income
$0
Net Assets
$51,472,164
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $39,700,934
99.2%
Investment Income $317,061
0.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $869,940
2.2%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $87,186,773
Total Liabilities $35,714,609
Net Assets $51,472,164
Club or Co-Op Income
Income From Members $36,025,571
Income From Other Sources $455,246
Compensation
Key Employees and Officers Compensation Related Other
Gary Drake (General Mana) $285,247 $0 $37,795
Greg Proctor (President/Ce) $230,679 $0 $68,780
William A Walden (Mgr, Data &) $189,539 $0 $67,226
Jessie R Goodman (Mgr, Maint &) $149,155 $0 $50,886
Chris Howell (Constr Crew) $108,925 $0 $39,511
Matthew Smith (Const Crew L) $105,786 $0 $37,120
Mike Anderson (Vice Chairma) $30,060 $0 $0
Jordy Carter (Director) $29,820 $0 $0
Gw Johnson Jr (Secretary/Tr) $24,900 $0 $0
Grady Mccray (Director) $24,680 $0 $0
Solly Trapnell (Director) $24,660 $0 $0
Wd Johnson (Chairman) $24,429 $0 $0
Jerry Cadwell Jr (Director) $24,189 $0 $0
Billy R Hickman (Director) $23,709 $0 $0
Wade C Hodges (Director) $22,912 $0 $0
James E Davis (Director) $18,080 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$39,209,195
Expenses
$39,209,195
Net Income
$0
Net Assets
$49,546,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $38,859,338
99.1%
Investment Income $349,857
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $923,636
2.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $84,637,543
Total Liabilities $35,091,361
Net Assets $49,546,182
Club or Co-Op Income
Income From Members $35,136,340
Income From Other Sources $506,577

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$40,981,012
Expenses
$40,981,012
Net Income
$0
Net Assets
$47,648,336
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $40,555,592
99.0%
Investment Income $425,420
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $536,959
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $83,053,981
Total Liabilities $35,405,645
Net Assets $47,648,336
Club or Co-Op Income
Income From Members $38,807,758
Income From Other Sources $582,849

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$37,581,087
Expenses
$37,581,087
Net Income
$0
Net Assets
$45,787,202
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,240,314
99.1%
Investment Income $340,773
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $613,315
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $79,535,743
Total Liabilities $33,748,541
Net Assets $45,787,202
Club or Co-Op Income
Income From Members $35,703,765
Income From Other Sources $460,816

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$35,629,798
Expenses
$35,629,798
Net Income
$0
Net Assets
$44,145,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $35,276,278
99.0%
Investment Income $353,520
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $581,138
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,732,831
Total Liabilities $30,587,020
Net Assets $44,145,811
Club or Co-Op Income
Income From Members $35,167,698
Income From Other Sources $350,597

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$38,441,722
Expenses
$38,441,722
Net Income
$0
Net Assets
$42,619,298
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $37,737,541
98.2%
Investment Income $507,103
1.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $197,078
0.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $544,578
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,140,840
Total Liabilities $30,521,542
Net Assets $42,619,298
Club or Co-Op Income
Income From Members $37,615,781
Income From Other Sources $532,286

Document Links

Fiscal Year Ending Dec.
2010

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.
2009

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.
2008

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.
2007

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.
2006

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.
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

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.

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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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  • 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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