AMICALOLA ELECTRIC MEMBERSHIP CORPORATION (EIN 580140201) - 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

1940

Legal Domicile

Principal Officer

TODD PAYNE

Phone

7062535200

Tax Period

2023-01-01 to 2023-12-31

AMICALOLA ELECTRIC MEMBERSHIP CORPORATION, founded in 1940, is a major nonprofit that reported $107.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM SERVICE 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $104,372,970

Investment Income $2,779,837

Other Revenue $27,435

TOTAL REVENUE $107,180,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $881,359

Fundraising Expenses $0

Program Expenses $107,180,242

Other Expenses $102,240,958

TOTAL EXPENSES $107,180,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$107,180,242	$110,407,403	0.0%
Expenses	$107,180,242	$113,275,047	-0.1%
Net Income	$0	$-2,867,644	-1.0%

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

183

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

$711,259

Total Directors

$265,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES R FENDLEY	CHAIRMAN	9.29	Officer Director	$32,400	$0	$32,400
JOHN H BENNETT JR	VICE CHAIRMA	12.21	Officer Director	$33,800	$0	$33,800
RANDALL PONDER	SEC.-TREAS.	2.04	Officer Director	$29,100	$0	$29,100
TRAVIS CLINE	DIRECTOR	5.65	Director	$30,000	$0	$30,000
KATHY BURT	DIRECTOR	2.07	Director	$25,200	$0	$25,200
DAVID J PIERCE	DIRECTOR	6.99	Director	$30,600	$0	$30,600
REGGIE STOWERS	DIRECTOR	4.91	Director	$28,200	$0	$28,200
EDWARD TUCKER	DIRECTOR	3.53	Director	$28,500	$0	$28,500
SHELLEY CANTRELL	DIRECTOR	20.08	Director	$27,600	$0	$27,600
TODD PAYNE	PRESIDENT &	50.00	Officer	$471,401	$144,558	$615,959
PENELOPE MARSHALL	EVP & CFO	50.00	Highest	$250,367	$27,067	$277,434
NATHANIEL WEST	VP-OPERATION	50.00	Highest	$208,679	$84,654	$293,333
KENNETH PAYNE	MGR. OF ENG	50.00	Highest	$184,473	$25,098	$209,571
TODD SATTERFIELD	MGR. DISTRIC	50.00	Highest	$175,123	$16,250	$191,373
RONALD MCALLISTER	CONST. CREW	50.00	Highest	$174,685	$50,479	$225,164

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	No data	No data	No data	No data
2023	$107,180,242	$107,180,242	$238,951,801	No data
2022	$110,407,403	$113,275,047	$226,470,714	$-2,867,644
2021	$100,500,156	$100,500,156	$201,848,786	No data
2020	$94,718,027	$94,718,027	$181,762,164	No data
2019	$95,165,607	$95,165,607	$175,980,382	No data
2018	$94,810,811	$94,636,496	$170,088,488	$174,315

AMICALOLA ELECTRIC MEMBERSHIP CORPORATION