ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION (EIN 580137655) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

GEORGE MCLENDON

Phone

9125268181

Tax Period

2024-01-01 to 2024-12-31

ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION, founded in 1936, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $75.8M in total revenue in fiscal year 2024.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $73,493,862

Investment Income $58,377

Other Revenue $2,205,132

TOTAL REVENUE $75,757,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $388,329

Fundraising Expenses $0

Other Expenses $67,880,361

TOTAL EXPENSES $74,545,134

Year-over-Year Comparison

	2024	2023	Change
Revenue	$75,757,371	$74,720,274	+0.0%
Expenses	$74,545,134	$91,853,527	-0.2%
Net Income	$1,212,237	$-17,133,253	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$367,879

Total Directors

$39,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE MCLENDON	CEO/GENERAL	50.00	Officer	$224,106	$124,273	$348,379
JOSHUA THIGPEN	DISTRIBUTION	50.00	Highest	$173,152	$79,083	$252,235
BILL KENNEDY	DISTRICT MAN	50.00	Highest	$135,049	$85,593	$220,642
JAY PITTMAN	CONSTRUCTION	50.00	Highest	$134,996	$85,593	$220,589
MATTHEW JOHNSON	TRANSPORTATI	50.00	Highest	$135,884	$81,578	$217,462
GENE MORRIS	MGR FINANCE/	50.00	Highest	$138,588	$47,127	$185,715
RANDALL MORRIS	CHAIRMAN	4.00	Officer Director	$6,600	$0	$6,600
BILLY BENTON	ASST. SEC./T	4.00	Officer Director	$5,050	$0	$5,050
KRISTA ANDERSON	DIRECTOR	4.00	Director	$4,650	$0	$4,650
ROBERT YOUMANS	DIRECTOR	4.00	Director	$4,550	$0	$4,550
BRANDON BRADDY	VICE-CHAIRMA	4.00	Officer Director	$4,050	$0	$4,050
DREXEL BRADDY	DIRECTOR	4.00	Director	$4,000	$0	$4,000
BRETT WILLIAMS	SEC./TREASUR	4.00	Officer Director	$3,800	$0	$3,800
DEAN GOWEN	DIRECTOR	4.00	Director	$3,750	$0	$3,750
DANNY SHEPHERD	DIRECTOR	4.00	Director	$3,500	$0	$3,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$75,757,371	$74,545,134	$247,071,487	$1,212,237
2023	$74,720,274	$91,853,527	$204,246,754	$-17,133,253
2022	$61,459,109	$62,845,700	$186,209,862	$-1,386,591
2021	$53,768,741	$54,008,188	$161,094,266	$-239,447
2020	$51,960,947	$51,960,947	$157,832,562	No data

ALTAMAHA ELECTRIC MEMBERSHIP CORPORATION