GEORGIA SYSTEM OPERATIONS CORPORATION (EIN 582231207) - 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

1997

Legal Domicile

Principal Officer

GREGORY S FORD

Phone

7702707600

Tax Period

2024-01-01 to 2024-12-31

GEORGIA SYSTEM OPERATIONS CORPORATION, founded in 1997, is a mid-sized nonprofit in the Public & Societal Benefit sector that reported $99.7M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

GEORGIA SYSTEM OPERATIONS CORPORATION (GSOC) PROVIDES 24-HOUR ELECTRIC SYSTEM OPERATION SERVICES, ON A NOT FOR PROFIT BASIS, TO ENERGY MARKET PARTICIPANTS IN GEORGIA AND THE SOUTHEASTERN UNITED STATES.

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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 $99,481,934

Investment Income $266,619

Other Revenue $0

TOTAL REVENUE $99,748,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $62,545,275

Fundraising Expenses $0

Program Expenses $99,748,553

Other Expenses $37,203,278

TOTAL EXPENSES $99,748,553

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,748,553	$92,308,341	+0.1%
Expenses	$99,748,553	$92,308,341	+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

308

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

$6,674,139

Total Directors

$449,065

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY S FORD	PRESIDENT &	40.00	Officer	$1,916,665	$81,683	$1,998,348
NATHAN BROWN	EXECUTIVE VP	40.00	Officer	$599,875	$93,691	$693,566
JOHN G SWEENEY JR	EXECUTIVE VP	40.00	Officer	$582,453	$85,522	$667,975
JEFF THOMPSON	VICE PRESIDE	40.00	Officer	$566,071	$96,634	$662,705
HOMER GENTRY	VICE PRESIDE	40.00	Officer	$512,028	$66,214	$578,242
RUSSELL TURNER	VICE PRESIDE	40.00	Officer	$460,210	$73,132	$533,342
DAVID REVILL	VICE PRESIDE	40.00	Officer	$467,997	$63,896	$531,893
ALAN SIOBERG	VICE PRESIDE	40.00	Officer	$447,866	$32,871	$480,737
GARY JENKINS	VICE PRESIDE	40.00	Officer	$309,722	$89,019	$398,741
MATT HYATT	VP POWER TEC	40.00	Highest	$299,732	$83,222	$382,954
MATTHEW GIBBONS	DIRECTOR-AUD	40.00	Highest	$265,338	$84,778	$350,116
ROSEMARIE CAMPBELL	DIRECTOR-HUM	40.00	Highest	$258,260	$88,793	$347,053
CRAIG BERENT	DIR-ENG. ACC	40.00	Highest	$244,979	$79,518	$324,497
MARK REEVES	DIRECTOR-OPS	40.00	Highest	$248,969	$74,327	$323,296
LOU OBERSKI	DIRECTOR	4.39	Director	$61,200	$0	$61,200
ANTHONY NORTON	DIR., CHAIRM	5.05	Officer Director	$57,035	$0	$57,035
MIKE MCDONALD	DIRECTOR	2.36	Director	$42,450	$0	$42,450
HARRY PARK	DIR., SEC/TR	3.03	Officer Director	$39,395	$0	$39,395
DONNIE CORDELL	DIRECTOR	3.19	Director	$37,420	$0	$37,420
JERRY BOATWRIGHT	DIRECTOR	2.98	Director	$36,815	$0	$36,815
WAYNE LIVINGSTON	DIRECTOR	3.26	Director	$33,250	$0	$33,250
NEAL SHEPARD	DIR, VICE CH	2.13	Officer Director	$32,160	$0	$32,160
GARY BRANCH	DIRECTOR	3.60	Director	$27,640	$0	$27,640
GREG PROCTOR	DIRECTOR	2.27	Director	$27,350	$0	$27,350
CHIP JAKINS	DIRECTOR	1.18	Director	$25,475	$0	$25,475
MICHAEL GOODROE	DIRECTOR	2.62	Director	$24,375	$0	$24,375
SIMMIE KING	DIR - TERM E	0.33	Director	$4,500	$0	$4,500
LEWIS SHEFFIELD	DIRECTOR	5.69	Director	$0	$0	$0

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	$99,748,553	$99,748,553	$36,104,937	No data
2023	$92,308,341	$92,308,341	$37,044,409	No data
2022	$85,640,796	$85,640,796	$34,037,151	No data
2021	$80,847,817	$80,847,817	$29,189,224	No data
2020	$81,874,403	$81,874,403	$30,754,010	No data
2019	$81,836,312	$81,836,312	$28,316,480	No data
2018	$85,273,830	$85,273,830	$30,192,783	No data

GEORGIA SYSTEM OPERATIONS CORPORATION