CENTRAL GEORGIA ELECTRIC MEMBERSHIP CORPORATION (EIN 580187885) - 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

1937

Legal Domicile

Principal Officer

GEORGE L WEAVER

Phone

7707757857

Tax Period

2022-01-01 to 2022-12-31

CENTRAL GEORGIA ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a major nonprofit that reported $159.2M in total revenue in fiscal year 2022. Revenue grew 20% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WIHTHIN THE SYSTEM'S 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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $158,908,527

Investment Income $496,179

Other Revenue $-232,127

TOTAL REVENUE $159,172,579

Expense Breakdown

Grants Paid $0

Salaries & Benefits $891,119

Fundraising Expenses $0

Other Expenses $160,026,346

TOTAL EXPENSES $163,326,905

Year-over-Year Comparison

	2022	2021	Change
Revenue	$159,172,579	$133,038,791	+0.2%
Expenses	$163,326,905	$133,038,791	+0.2%
Net Income	$-4,154,326	N/A	N/A

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

126

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

$756,321

Total Directors

$244,950

Key Employees

$811,901

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE L WEAVER	PRESIDENT/ C	60.00	Officer	$482,490	$150,981	$633,471
BEN THOMASON	COO	60.00	Highest	$296,543	$110,002	$406,545
HERSCHEL ARANT	SVP OF ENERG	60.00	Highest	$270,371	$90,075	$360,446
AMBER IVEY	SVP OF CORPO	60.00	Highest	$266,176	$87,808	$353,984
JOHN HARKNESS	SVP OF DIS.	60.00	Highest	$249,813	$80,035	$329,848
JEFFREY GREESON	VP OF IT	60.00	Highest	$232,698	$78,983	$311,681
BLAKE HOLMES	VP OF ASSET	60.00	Key Emp	$221,855	$80,538	$302,393
PHYLLIS REDD	VP OF FIN. &	60.00	Key Emp	$203,525	$71,733	$275,258
CHRISTOPHER MITCHELL	DIR. CUST. &	60.00	Key Emp	$172,662	$61,588	$234,250
ARTHUR WHITE JR	CHAIRMAN	2.00	Officer Director	$32,550	$0	$32,550
DA ROBINSON III	SEC - TREAS	2.00	Officer Director	$31,800	$0	$31,800
PHILLIP B HAM JR	DIRECTOR	2.00	Director	$31,650	$0	$31,650
DANIEL T HAMIL	DIRECTOR	2.00	Director	$30,750	$0	$30,750
J EVERETT WILLIAMS	DIRECTOR	2.00	Director	$30,300	$0	$30,300
LINDA H JORDAN	ASST SEC-TRE	2.00	Officer Director	$30,150	$0	$30,150
ROD MANGHAM	DIRECTOR	2.00	Director	$29,400	$0	$29,400
WARREN E HOLDER	VICE CHAIRMA	2.00	Officer Director	$28,350	$0	$28,350
JOHN O COLWELL	FORMER DIREC	2.00		$12,698	$0	$12,698

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	No data	No data	No data	No data
2022	$159,172,579	$163,326,905	$394,066,955	$-4,154,326
2021	$133,038,791	$133,038,791	$317,408,713	No data
2021	$133,038,791	$133,038,791	$317,408,713	No data
2020	$125,023,102	$125,023,102	$291,824,481	No data

CENTRAL GEORGIA ELECTRIC MEMBERSHIP CORPORATION