Diverse Power Incorporated
501(c)(12)
Strong reserves Growing revenue
Diverse Power Incorporated is a 501(c)(12) organization based in Lagrange, Georgia, registered in 1938, with $119,841,216 in FY2024 revenue.
1400 S Davis Rd, Lagrange, GA, 30241 EIN 58-0465897 Since 1938
Revenue (FY2024)
$119.8M
▲ 2.2% vs prior year
Expenses (FY2024)
$119.8M
Net assets
$93.5M
Employees
154
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Capped at A — the top grade requires the fuller disclosure of a complete Form 990.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
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. Not scored for Diverse Power Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +0% 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 Diverse Power Incorporated: 9 mo reserves · +0% 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 Diverse Power Incorporated: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 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 Diverse Power Incorporated: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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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.
What they do
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
Financial trends
Revenue grew from $81.8M (FY2015) to $119.8M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $177.3MNet assets $93.5M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$270.8M
Total liabilities
$177.3M
Net assets
$93.5M
Salaries & benefits
$861K
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $119,841,216▲2.2% | $119,841,216▲2.2% | $93,479,335▲9.3% | $270,798,742▲6.0% | 990 |
| 2023 | $117,227,225▼0.5% | $117,227,225▼0.5% | $85,524,873▲8.6% | $255,497,385▲6.5% | 990 |
| 2022 | $117,829,336▲20.8% | $117,829,336▲19.9% | $78,717,693▲9.2% | $239,882,222▲10.3% | 990 |
| 2021 | $97,558,821▲3.2% | $98,293,039▲0.9% | $72,104,992▲1.3% | $217,553,000▲1.4% | 990 |
| 2020 | $94,550,023▼3.1% | $97,436,103▲0.1% | $71,203,380▲1.5% | $214,481,913▲2.6% | 990 |
| 2019 | $97,578,084▲1.4% | $97,339,994▲1.3% | $70,174,986▲4.7% | $208,951,768▲2.8% | 990 |
| 2018 | $96,239,975▲13.4% | $96,075,721▲13.2% | $67,011,160▲2.9% | $203,235,313▲9.7% | 990 |
| 2017 | $84,898,247▼0.7% | $84,898,247▼0.7% | $65,123,872▲4.2% | $185,190,091▲4.0% | 990 |
| 2016 | $85,526,270▲4.6% | $85,526,270▲4.6% | $62,517,236▲0.4% | $178,096,294▲8.5% | 990 |
| 2015 | $81,769,539 | $81,769,539 | $62,283,277 | $164,140,046 | 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: R Wayne Livingston — $504,946 (0.42% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| R Wayne Livingston | President/ce | 50 | $504,946 |
| Randy Shepard | Svp-cbo | 50 | $320,235 |
| Andrew Kilgore | Svp-cfo | 50 | $250,317 |
| Jamin Blair | Svp-cengo | 50 | $240,960 |
| Steve Tittle | Vp-it | 50 | $193,055 |
| Kirk King | Vp-construct | 50 | $184,554 |
| William Couch | Chairman | 7 | $30,800 |
| David Murphy | Secretary | 12 | $30,000 |
| Kim Curry | Vice Chairma | 6 | $29,200 |
| Harrell Landreth | Director | 6 | $28,700 |
| Charles Knight | Director | 6 | $28,400 |
| Jimmy G Bailey | Director | 8 | $28,200 |
| Richard Williams | Director | 11 | $27,800 |
| Brad Morgan | Director | 5 | $26,200 |
| Mack Reynolds Jr | Director | 2 | $15,800 |
| Cheryl Meadows | Director Eme | 0 | $12,000 |
| Larry Keith | Director Eme | 0 | $12,000 |
| Larry Williamson | Director Eme | 0 | $12,000 |
| Roy Tollerson Jr | Director Eme | 0 | $12,000 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Georgia Right of Way Company | Row | $5,553,804 |
| Max Engineering and Utility Construc | Fiber Construct | $1,413,605 |
| Progressive Solultions LLC | Row Spraying | $317,532 |
| Blitz Broadband | Fiber Splice | $264,775 |
| Sigma Technologies | Fiber | $250,783 |
Grants received · $84K total
2 grants to Diverse Power Incorporated totaling $84K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2020 | $40,000 |
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2019 | $44,452 |
Frequently asked questions
- Is Diverse Power Incorporated a legitimate nonprofit?
- Yes. Diverse Power Incorporated is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0465897, based in Lagrange, Georgia.
- What is Diverse Power Incorporated's EIN?
- Diverse Power Incorporated's Employer Identification Number (EIN) is 58-0465897.
- How much revenue does Diverse Power Incorporated report?
- Diverse Power Incorporated reported $119,841,216 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Diverse Power Incorporated's highest-paid employee make?
- The highest reported compensation on Diverse Power Incorporated's latest Form 990 is $504,946, paid to R Wayne Livingston (President/ce).
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Data for Diverse Power Incorporated (EIN 58-0465897) 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.