Altamaha Electric Membership Corporation
100% goes to programs Strong reserves Growing revenue
Altamaha Electric Membership Corporation is a 501(c)(2) organization based in Lyons, Georgia, registered in 1937, with $75,757,371 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 346, Lyons, GA, 30436 EIN 58-0137655 Since 1937
Revenue (FY2024)
$75.8M
▲ 1.4% vs prior year
Public Benefit median: $140K
Expenses (FY2024)
$74.5M
Net assets
$107.8M
Employees
76
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Altamaha Electric Membership Corporation: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating17 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Altamaha Electric Membership Corporation: 17 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Altamaha Electric Membership Corporation: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Altamaha Electric Membership Corporation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
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.
Contact & location
- Address
- Po Box 346, Lyons, GA, 30436
- City
- Lyons
- State
- Georgia
- Category
- Public & Societal Benefit
- Subcategory
- Public Utilities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $52.0M (FY2020) to $75.8M (FY2024) across 5 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $139.2MNet assets $107.8M
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$247.1M
Total liabilities
$139.2M
Net assets
$107.8M
Salaries & benefits
$388K
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $75,757,371▲1.4% | $74,545,134▼18.8% | $107,826,164▲7.3% | $247,071,487▲21.0% | 990 |
| 2023 | $74,720,274▲21.6% | $91,853,527▲46.2% | $100,490,453▲12.1% | $204,246,754▲9.7% | 990 |
| 2022 | $61,459,109▲14.3% | $62,845,700▲16.4% | $89,676,081▲1.9% | $186,209,862▲15.6% | 990 |
| 2021 | $53,768,741▲3.5% | $54,008,188▲3.9% | $88,011,983▲3.3% | $161,094,266▲2.1% | 990 |
| 2020 | $51,960,947 | $51,960,947 | $85,162,305 | $157,832,562 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: George Mclendon — $224,106 (0.30% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| George Mclendon | Ceo/general | 50 | $224,106 |
| Joshua Thigpen | Distribution | 50 | $173,152 |
| Gene Morris | Mgr Finance/ | 50 | $138,588 |
| Matthew Johnson | Transportati | 50 | $135,884 |
| Bill Kennedy | District Man | 50 | $135,049 |
| Jay Pittman | Construction | 50 | $134,996 |
| Randall Morris | Chairman | 4 | $6,600 |
| Billy Benton | Asst. Sec./t | 4 | $5,050 |
| Krista Anderson | Director | 4 | $4,650 |
| Robert Youmans | Director | 4 | $4,550 |
| Brandon Braddy | Vice-chairma | 4 | $4,050 |
| Drexel Braddy | Director | 4 | $4,000 |
| Brett Williams | Sec./treasur | 4 | $3,800 |
| Dean Gowen | Director | 4 | $3,750 |
| Danny Shepherd | Director | 4 | $3,500 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pike Enterprises LLC | Construction | $6,672,569 |
| Lmb Communtications LLC | Fiber | $2,633,221 |
| Bm Underground LLC | Fiber | $2,566,997 |
| Full Circle Fiber Operating | Fiber | $2,332,999 |
| Thomas Fiber Solutions | Fiber | $2,172,257 |
Similar organizations in Public Benefit
Public Benefit
Green Power Emc
Tucker, GA
$64.1M
Bannual revenue
Public Benefit
Georgia System Operations Corporation
Tucker, GA
$99.7M
Bannual revenue
Public Benefit
Institute of Nuclear Power Operations
Atlanta, GA
$118.4M
Aannual revenue
- Public Benefit
Interstate Paper Federal Credit Union
Jesup, GA
$31.2M
Bannual revenue
Public Benefit
Southeastern Federal Credit Union
Valdosta, GA
$23.5M
Bannual revenue
Public Benefit
Georgia Energy Cooperative An Electric Membership Corporation
Tucker, GA
$131.3M
Aannual revenue
Public Benefit
Marshland Credit Union
Brunswick, GA
$15.0M
Bannual revenue
Public Benefit
Cgr Credit Union
Macon, GA
$8.8M
Bannual revenue
Public Benefit
Go Energy Financial Credit Union
Tucker, GA
$8.2M
Bannual revenue
Public Benefit
Workmens Circle Credit Union
Savannah, GA
$6.7M
Bannual revenue
Compare Altamaha Electric Membership Corporation
Frequently asked questions
- Is Altamaha Electric Membership Corporation a legitimate nonprofit?
- Yes. Altamaha Electric Membership Corporation is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 58-0137655, based in Lyons, Georgia.
- What is Altamaha Electric Membership Corporation's EIN?
- Altamaha Electric Membership Corporation's Employer Identification Number (EIN) is 58-0137655.
- How much revenue does Altamaha Electric Membership Corporation report?
- Altamaha Electric Membership Corporation reported $75,757,371 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Altamaha Electric Membership Corporation's spending goes to programs?
- Altamaha Electric Membership Corporation spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Altamaha Electric Membership Corporation have?
- CharityIndex grades Altamaha Electric Membership Corporation A+, based on program efficiency and fundraising cost.
- How much does Altamaha Electric Membership Corporation's highest-paid employee make?
- The highest reported compensation on Altamaha Electric Membership Corporation's latest Form 990 is $224,106, paid to George Mclendon (Ceo/general).
More nonprofits in Lyons
Explore more
Data for Altamaha Electric Membership Corporation (EIN 58-0137655) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.