SAWNEE ELECTRIC MEMBERSHIP CORPORATION (EIN 580246393) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

MICHAEL A GOODROE

Phone

7708872363

Tax Period

2024-01-01 to 2024-12-31

SAWNEE ELECTRIC MEMBERSHIP CORPORATION is a tax-exempt nonprofit with EIN 580246393, based in CUMMING, GA. Founded in 1938, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $448,376,114 in total revenue and $448,376,114 in total expenses, with net assets of $366,034,532.

Mission

TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $438,473,131

Investment Income $9,039,343

Other Revenue $863,640

TOTAL REVENUE $448,376,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,498,003

Fundraising Expenses $0

Other Expenses $426,729,705

TOTAL EXPENSES $448,376,114

Year-over-Year Comparison

	2024	2023	Change
Revenue	$448,376,114	$448,226,229	+0.0%
Expenses	$448,376,114	$448,226,229	+0.0%
Net Income	$0	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

413

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

$1,255,409

Total Directors

$384,223

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROGER T COKER	CHAIRMAN	3.78	Officer Director	$45,680	$0	$45,680
TIM G HEARD	VICE CHAIRMA	4.50	Officer Director	$48,590	$0	$48,590
GARY G PORTER	SECRETARY/TR	4.36	Officer Director	$47,359	$0	$47,359
BILL BARNETT	DIRECTOR	0.00	Director	$2,129	$0	$2,129
LARRY M EVANS	DIRECTOR	3.12	Director	$42,148	$0	$42,148
TERRY W MATHIS	DIRECTOR	2.65	Director	$39,151	$0	$39,151
MARSHALL S MILLWOOD	DIRECTOR	3.22	Director	$38,794	$0	$38,794
RODNEY H REESE	DIRECTOR	3.36	Director	$41,666	$0	$41,666
DONNA O YOST	DIRECTOR	3.44	Director	$42,471	$0	$42,471
ADRIAN FLACK	DIRECTOR	3.24	Director	$36,235	$0	$36,235
MICHAEL A GOODROE	PRESIDENT/CE	50.00	Officer	$1,076,198	$37,582	$1,113,780
GARY MAULDIN	COO	50.00	Highest	$613,249	$30,763	$644,012
VIRGINIA ELLIS	CFO	50.00	Highest	$446,017	$155,923	$601,940
CHET D BLACKSTOCK	VP OPERATION	50.00	Highest	$319,510	$131,896	$451,406
CARL BADGETT	CIO	50.00	Highest	$260,930	$22,701	$283,631
BLAKE HOUSE	VP MEMBER SV	50.00	Highest	$233,799	$105,370	$339,169

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	$448,376,114	$448,376,114	$1,005,732,418	No data
2023	$448,226,229	$448,226,229	$977,478,737	No data
2022	$442,554,450	$442,554,450	$939,931,569	No data
2021	$421,763,531	$421,763,531	$881,772,713	No data
2020	$396,358,306	$396,358,306	$832,532,298	No data
2019	$386,131,754	$386,131,754	$800,297,708	No data
2018	$384,164,169	$384,164,169	$713,087,735	No data

SAWNEE ELECTRIC MEMBERSHIP CORPORATION