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South River Electric Membership Corporation

501(c)
DBA: CORPORATION
Other · DUNN, NC · EIN 56-0405464

About

South river electric membership corporation (south river) is a premier locally-owned and operated electric cooperative with a mission to provide safe, reliable, competitively-priced electricity. South river is committed to achieving excellence and empowering its members. South river is dedicated to high standards of performance and integrity. The cooperative's number one priority is its members.

DBA Corporation

Donations are NOT tax-deductible
Category
Other
Employees
112
Volunteers

Financial Snapshot

FY ending 2023-12-31
Revenue
$109.7M
Expenses
$107.5M
Assets
$303.0M
Liabilities
$180.3M

Financial history

$110.2M$55.1M$0
1617181920212223
RevenueExpenses
Latest FY2023: $109.7M · Peak FY2022: $110.2M · Avg: $105.4M
SOUTH RIVER ELECTRIC MEMBERSHIP CORPORATION
Your actions

Address

PO BOX 931
DUNN, NC, 28335-093

Governance

Voting board members9
Independent members9
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardYes

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planYes
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Public records
ProPublica Nonprofit Explorer
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IRS Tax Exempt Organization Search
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