THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION (EIN 580417350) - 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

ROMEO REYES

Phone

9126327222

Tax Period

2023-01-01 to 2023-12-31

THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a major nonprofit that reported $141.1M in total revenue in fiscal year 2023.

Mission

TO BE RECOGNIZED AS A COMPANY HAVING THE POWER TO MEET THE CHANGING NEEDS AND DEMANDS OF OUR CUSTOMERS BY PROVIDING SUPERIOR ENERGY AND NON-ENERGY RELATED PRODUCTS AND SERVICES.

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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 $135,300,856

Investment Income $529,760

Other Revenue $5,252,413

TOTAL REVENUE $141,083,029

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,073,464

Fundraising Expenses $0

Program Expenses $141,083,029

Other Expenses $127,722,199

TOTAL EXPENSES $141,083,029

Year-over-Year Comparison

	2023	2022	Change
Revenue	$141,083,029	$140,969,105	+0.0%
Expenses	$141,083,029	$140,969,105	+0.0%
Net Income	$0	$0	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

173

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

$733,910

Total Directors

$113,182

Key Employees

$1,283,813

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS J MORRIS	DIRECTOR/VICE-CHAIRMAN	1.00	Officer Director	$12,818	$0	$12,818
JAMES W WATERS	DIRECTOR/TREASURER	1.00	Officer Director	$11,918	$0	$11,918
RL LEWIS JR	DIRECTOR/CHAIRMAN	2.00	Officer Director	$19,887	$0	$19,887
DAVID H BENNETT JR	DIRECTOR	1.00	Director	$18,587	$0	$18,587
SCOTT DAY	DIRECTOR	1.00	Director	$10,618	$0	$10,618
JERRY BOATRIGHT	DIRECTOR/SECRETARY	1.00	Officer Director	$12,818	$0	$12,818
HUGH L BRANTLEY	DIRECTOR	2.00	Director	$14,618	$0	$14,618
J MATT BENNETT	DIRECTOR	2.00	Director	$11,918	$0	$11,918
ROMEO A REYES	PRESIDENT/CEO	40.00	Officer	$307,668	$100,223	$407,891
JENNIFER LYNN GAINEY	DIRECTOR, ADMIN SERVICES	40.00	Officer	$193,103	$75,475	$268,578
SAMUEL L BOATRIGHT	DIRECTOR, LINE SERVICES	40.00	Key Emp	$153,902	$64,584	$218,486
ROBERT K BENNETT JR	DIRECTOR OF DISTRIBUTION S	40.00	Key Emp	$200,460	$72,846	$273,306
James Tucker Jr	Director of Customer Servi	40.00	Key Emp	$194,990	$76,083	$271,073
JOHN R SWEAT	DIRECTOR, SYSTEM SERVICES	40.00	Key Emp	$183,004	$70,082	$253,086
EARL B WILLIAMS	IT MANAGER	40.00	Key Emp	$195,125	$72,737	$267,862
KEVIN D PEACOCK	AMI MANAGER	40.00	Highest	$152,930	$67,636	$220,566
LONNY WHITLEY	SYSTEM SUPPORT MANAGER	40.00	Highest	$168,450	$68,116	$236,566
DAVID WALKER	ENGINEERING MANAGER	40.00	Highest	$155,795	$69,095	$224,890
BRIAN SCOTT MIKELL	LINE FOREMAN	40.00	Highest	$211,244	$64,430	$275,674
CHRISTIE R MAUFFRAY	ACCT & FINANCE MGR	40.00	Highest	$178,015	$73,952	$251,967

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	$141,083,029	$141,083,029	$390,356,814	No data
2022	$140,969,105	$140,969,105	$349,753,639	No data
2021	$122,190,964	$122,190,964	$268,716,625	No data
2020	$115,131,039	$115,131,039	$249,634,510	No data
2019	$120,597,243	$120,597,243	$244,247,189	No data
2018	$120,001,184	$120,001,184	$249,161,032	No data

THE SATILLA RURAL ELECTRIC MEMBERSHIP CORPORATION