RAYLE ELECTRIC MEMBERSHIP CORPORATION

EIN: 580398354

WASHINGTON, GA

Total Revenue
$39,259,738
Total Expenses
$39,259,738
Total Assets
$110,654,525
Net Assets
$45,297,722
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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
1939
Legal Domicile
GA
Principal Officer
TONY GRIFFIN
Phone
7066782116
Tax Period
2023-01-01 to 2023-12-31

RAYLE ELECTRIC MEMBERSHIP CORPORATION, founded in 1939, is a mid-sized nonprofit that reported $39.3M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $39,231,504
Investment Income $28,234
Other Revenue $0
TOTAL REVENUE $39,259,738

Expense Breakdown

Grants Paid $0
Salaries & Benefits $374,502
Fundraising Expenses $0
Other Expenses $36,380,795
TOTAL EXPENSES $39,259,738

Year-over-Year Comparison

2023 2022 Change
Revenue $39,259,738 $42,378,192 -0.1%
Expenses $39,259,738 $42,378,192 -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

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Governance

Voting Members
9
Independent Members
9
Employees
69
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
4
$304,420
Total Directors
9
$101,346
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED MCWHORTER PRESIDENT 5.00
Officer Director
$9,400 $0 $9,400
LINTON SCOTT VICE PRESIDE 4.00
Officer Director
$7,200 $0 $7,200
WILLIAM R DINGLER SR SEC-TREAS 4.00
Officer Director
$14,664 $0 $14,664
KYLE BROWN DIRECTOR 3.00
Director
$7,400 $0 $7,400
JACKSON COPELAN DIRECTOR 3.00
Director
$14,264 $0 $14,264
JAMES A MATHEWS DIRECTOR 3.00
Director
$14,264 $0 $14,264
IRIS WALKER DIRECTOR 3.00
Director
$4,450 $0 $4,450
HERBERT L POWELL DIRECTOR 3.00
Director
$7,400 $0 $7,400
HORACE W WILLIAMS DIRECTOR 3.00
Director
$22,304 $0 $22,304
TONY GRIFFIN GENERAL MANA 50.00
Officer
$197,312 $75,844 $273,156
JAMES BENNETT MANAGER -ENG 40.00
Highest
$135,659 $62,728 $198,387
KAREN CHAFIN MANAGER -ADM 40.00
Highest
$123,809 $60,980 $184,789
KENNETH ARNOLD DISTRICT FOR 40.00
Highest
$126,564 $51,275 $177,839
MICHAEL DAWSON MANAGER-OPER 40.00
Highest
$122,102 $54,678 $176,780
JOSEPH EDWARDS DISTRICT FOR 40.00
Highest
$119,199 $51,952 $171,151
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 $39,259,738 $39,259,738 $110,654,525 No data
2022 $42,378,192 $42,378,192 $105,955,515 No data
2021 $36,739,711 $36,739,711 $98,082,052 No data
2020 $36,757,372 $36,757,372 $95,513,994 No data
2019 $36,355,634 $36,355,634 $90,707,767 No data
2018 $36,090,191 $36,090,191 $88,538,865 No data
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