WALTON ELECTRIC MEMBERSHIP CORPORATION (EIN 580477163) - 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

1936

Legal Domicile

Principal Officer

RONALD T MARSHALL

Phone

7702672505

Tax Period

2023-01-01 to 2023-12-31

WALTON ELECTRIC MEMBERSHIP CORPORATION is a tax-exempt nonprofit with EIN 580477163, based in MONROE, GA. Founded in 1936, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $395,538,453 in total revenue and $395,538,453 in total expenses, with net assets of $263,454,201.

Mission

TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $392,326,605

Investment Income $791,280

Other Revenue $2,420,568

TOTAL REVENUE $395,538,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,566,553

Fundraising Expenses $0

Other Expenses $349,462,520

TOTAL EXPENSES $395,538,453

Year-over-Year Comparison

	2023	2022	Change
Revenue	$395,538,453	$369,406,838	+0.1%
Expenses	$395,538,453	$375,426,410	+0.1%
Net Income	$0	$-6,019,572	-1.0%

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

287

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

$1,409,590

Total Directors

$243,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN TAYLOR	CHAIRMAN	5.00	Officer Director	$28,886	$0	$28,886
MICHAEL Q LOWDER	VICE CHAIRMA	5.00	Officer Director	$29,200	$0	$29,200
BILLY RAY ALLEN	SEC-TREASURE	5.00	Officer Director	$28,266	$0	$28,266
DANIEL J CHELKO	DIRECTOR	5.00	Director	$20,716	$0	$20,716
SAMMY SIMONTON	DIRECTOR	5.00	Director	$28,216	$0	$28,216
THOMAS H ADCOCK JR	DIRECTOR	5.00	Director	$27,616	$0	$27,616
JOHNNY R ALLGOOD	DIRECTOR	5.00	Director	$11,158	$0	$11,158
JASON SIDWELL	DIRECTOR	5.00	Director	$27,692	$0	$27,692
JIM WHITLEY	DIRECTOR	5.00	Director	$27,316	$0	$27,316
STAN PITTS	DIRECTOR	5.00	Director	$14,250	$0	$14,250
RONALD T MARSHALL	PRES & CEO (	50.00	Officer	$627,366	$143,761	$771,127
D RONNIE LEE	PRES & CEO (	50.00	Officer	$439,776	$112,335	$552,111
MARSHA L SHUMATE	CFO/SR VP FI	50.00	Highest	$411,355	$100,885	$512,240
RUSSELL A DELONG	SR VP CORPOR	50.00	Highest	$419,872	$100,465	$520,337
JAMES M BOTTONE	VP ENERGY &	50.00	Highest	$335,242	$88,265	$423,507
TIMOTHY MORRIS	VP ENG & OPS	50.00	Highest	$344,154	$42,148	$386,302

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	$395,538,453	$395,538,453	$639,137,537	No data
2022	$369,406,838	$375,426,410	$576,846,629	$-6,019,572
2021	$323,280,272	$335,022,585	$527,402,332	$-11,742,313
2020	$305,784,637	$305,784,637	$567,238,739	No data
2019	$310,294,101	$310,294,101	$561,829,303	No data
2018	$314,129,061	$314,129,061	$518,526,532	No data

WALTON ELECTRIC MEMBERSHIP CORPORATION