HABERSHAM ELECTRIC MEMBERSHIP CORP (EIN 580273635) - 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

BRYAN FERGUSON

Phone

7067542114

Tax Period

2024-01-01 to 2024-12-31

HABERSHAM ELECTRIC MEMBERSHIP CORP, founded in 1937, is a mid-sized nonprofit that reported $88.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

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 $87,165,593

Investment Income $795,446

Other Revenue $3,152

TOTAL REVENUE $87,964,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $676,106

Fundraising Expenses $0

Other Expenses $78,749,442

TOTAL EXPENSES $87,964,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$87,964,191	$79,545,222	+0.1%
Expenses	$87,964,191	$79,545,222	+0.1%
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

117

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

$563,782

Total Directors

$175,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRYAN FERGUSON	PRES/CEO	46.00	Officer	$406,841	$93,641	$500,482
KELLY WILKINS	VP, FINANCE	46.00	Highest	$225,627	$86,294	$311,921
JOSH ALLEN	VP OF ENG. A	49.00	Highest	$223,349	$84,852	$308,201
ROGER THURMOND	VP, MEMBER R	48.00	Highest	$208,347	$49,767	$258,114
GAIL WELBORN	DIRECTOR OF	44.00	Highest	$152,541	$72,024	$224,565
MARK LEACH	DIRECTOR ENG	42.00	Highest	$170,530	$50,335	$220,865
DUSTIN HULSEY	CHAIRMAN	4.96	Officer Director	$25,000	$0	$25,000
WILLIAM A CANTRELL JR	VICE CHAIRMA	6.82	Officer Director	$22,000	$0	$22,000
DAN THURMOND	DIRECTOR	6.13	Director	$20,400	$0	$20,400
DAVID WALL	DIRECTOR	7.27	Director	$19,700	$0	$19,700
JEFF HERRIN	DIRECTOR	6.18	Director	$19,000	$0	$19,000
RICK WOOD	DIRECTOR	3.12	Director	$18,400	$0	$18,400
JONATHAN D TAYLOR	DIRECTOR	3.16	Director	$18,025	$0	$18,025
DAVID FOSTER	DIRECTOR	2.85	Director	$16,800	$0	$16,800
KENNETH MCENTIRE	SECRETARY/TR	4.47	Officer Director	$16,300	$0	$16,300

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	$87,964,191	$87,964,191	$247,300,145	No data
2023	$79,545,222	$79,545,222	$210,367,063	No data
2022	$76,985,449	$79,843,534	$188,949,179	$-2,858,085
2021	$70,636,080	$70,636,080	$163,809,198	No data
2020	$70,876,881	$70,876,881	$152,067,176	No data
2019	$71,689,158	$71,689,158	$140,073,883	No data
2018	$71,327,952	$71,327,952	$140,545,457	No data

HABERSHAM ELECTRIC MEMBERSHIP CORP