MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION (EIN 580350804) - 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

RANDY NICHOLS

Phone

2292682671

Tax Period

2023-01-01 to 2023-12-31

MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION, founded in 1940, is a mid-sized nonprofit that reported $27.8M in total revenue in fiscal year 2023. Revenue grew 13% 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $27,617,723

Investment Income $17,089

Other Revenue $184,023

TOTAL REVENUE $27,818,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $237,856

Fundraising Expenses $0

Other Expenses $23,755,011

TOTAL EXPENSES $27,818,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,818,835	$24,653,220	+0.1%
Expenses	$27,818,835	$24,653,220	+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

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

$122,019

Total Directors

$198,356

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON WOOD	CHAIRMAN	5.00	Officer Director	$25,062	$0	$25,062
DAVID DUNAWAY	VICE CHAIRMA	4.00	Officer Director	$22,810	$0	$22,810
JASON HAYES	SECRETARY	4.00	Officer Director	$14,167	$0	$14,167
JERRY RHODES	TREASURER	4.00	Officer Director	$20,480	$0	$20,480
WES HOPPER	DIRECTOR	3.00	Director	$26,855	$0	$26,855
CHAD WEESNER	DIRECTOR	3.00	Director	$26,855	$0	$26,855
AUSTIN WARBINGTON	DIRECTOR	3.00	Director	$26,855	$0	$26,855
HARLEY LAWSON	DIRECTOR	3.00	Director	$23,755	$0	$23,755
GARY DAWSON	DIRECTOR	3.00	Director	$11,517	$0	$11,517
KAY WEST	FORMER DIREC	N/A		$10,037	$0	$10,037
RONNIE FLEEMAN	FORMER DIREC	N/A		$10,030	$0	$10,030
ROYCE CONNER	FORMER DIREC	N/A		$10,032	$0	$10,032
JOHN NOBLE	FORMER DIREC	N/A		$10,034	$0	$10,034
RANDY NICHOLS	PRESIDENT/CE	50.00	Officer	$0	$0	$0
RANDY CRENSHAW	CEO - JAN-SE	40.00	Officer	$39,500	$0	$39,500
DANNY GOSS	MANG. OF OPE	50.00	Highest	$137,126	$52,862	$189,988
SUMMER SHEFFIELD	MANG. OF ACC	50.00	Highest	$119,044	$35,050	$154,094

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	$27,818,835	$27,818,835	$111,173,815	No data
2022	$24,653,220	$24,653,220	$85,101,109	No data
2021	$19,174,900	$19,426,005	$60,693,839	$-251,105
2020	$19,542,295	$19,542,295	$57,893,169	No data
2019	$20,807,348	$20,807,348	$57,116,602	No data
2018	$19,302,985	$19,302,985	$53,306,435	No data

MIDDLE GEORGIA ELECTRIC MEMBERSHIP CORPORATION