Georgia Energy Cooperative An Electric Membership Corporation
Declining revenue
Georgia Energy Cooperative An Electric Membership Corporation is a 501(c)(12) organization based in Tucker, Georgia, registered in 2002, with $130,149,643 in FY2023 revenue.
2100 E Exchange Pl Ste 300, Tucker, GA, 30084 EIN 58-2664429 Since 2002
Revenue (FY2023)
$130.1M
▼ 38.7% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$130.1M
Net assets
$28.7M
Employees
3
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Georgia Energy Cooperative An Electric Membership Corporation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
BFinancial health25% of the rating3 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 Georgia Energy Cooperative An Electric Membership Corporation: 3 mo reserves · +0% margin earns a B 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 Georgia Energy Cooperative An 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 Georgia Energy Cooperative An 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 electrical energy and service to all its members at the lowest price consistent with the highest standards of service.
Contact & location
- Address
- 2100 E Exchange Pl Ste 300, Tucker, GA, 30084
- City
- Tucker
- State
- Georgia
- Category
- Public & Societal Benefit
- Subcategory
- Public Utilities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $177.0M (FY2018) to $130.1M (FY2023) across 6 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $35.8MNet assets $28.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$64.6M
Total liabilities
$35.8M
Net assets
$28.7M
Salaries & benefits
$1.3M
1% of expenses
Board members
30
30 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $130,149,643▼38.7% | $130,149,643▼38.7% | $28,703,796▲4.5% | $64,553,715▼23.1% | 990 |
| 2022 | $212,173,835▲32.7% | $212,173,835▲32.7% | $27,464,811▼0.2% | $83,974,812▲78.5% | 990 |
| 2021 | $159,842,446▼18.6% | $159,842,446▼18.6% | $27,519,354▼0.2% | $47,040,417▼7.4% | 990 |
| 2020 | $196,327,559▲0.8% | $196,327,559▲0.8% | $27,573,341▲15.0% | $50,810,725▼12.6% | 990 |
| 2019 | $194,763,477▲10.0% | $194,763,477▲10.0% | $23,968,320▲19.4% | $58,136,463▲4.4% | 990 |
| 2018 | $176,993,796 | $176,993,796 | $20,074,232 | $55,694,865 | 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 (FY2023)
Highest-paid: Pete Nettles — $454,063 (0.35% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Pete Nettles | Ceo | 40 | $454,063 |
| John E Winskie III | Vp - Power S | 40 | $331,026 |
| Art Wenda | Vp - Finance | 40 | $227,537 |
| Bryan Ferguson | Director | 1 | — |
| Carey Locke | Director | 1 | — |
| Chris Dillard | Director | 1 | — |
| Chris Fettes | Director | 1 | — |
| Dustin Hulsey | Director | 1 | — |
| Fred Mcwhorter | Director | 1 | — |
| George Mclendon | Director | 1 | — |
| Greg Brouilet | Director | 1 | — |
| Janet Grimsley | Director | 1 | — |
| Jeff Murphy | Sec. / Treas | 2 | — |
| John H Bennett Jr | Vice Chairma | 2 | — |
| John Long | Director | 1 | — |
| Joseph Rackley | Director | 1 | — |
| Kay H Reed | Director | 1 | — |
| Laura Mcgee | Director | 1 | — |
| Lavanda Lynn | Chairman | 3 | — |
| Lewis Sheffield | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Autry Hall Cook LLP | Legal | $272,544 |
Similar organizations in Public Benefit
Public Benefit
Institute of Nuclear Power Operations
Atlanta, GA
$118.4M
Aannual revenue
Public Benefit
Georgia System Operations Corporation
Tucker, GA
$99.7M
Bannual revenue
Public Benefit
Altamaha Electric Membership Corporation
Lyons, GA
$75.8M
A+annual revenue
Public Benefit
Green Power Emc
Tucker, GA
$64.1M
Bannual 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
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 Georgia Energy Cooperative An Electric Membership Corporation
Frequently asked questions
- Is Georgia Energy Cooperative An Electric Membership Corporation a legitimate nonprofit?
- Yes. Georgia Energy Cooperative An Electric Membership Corporation is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-2664429, based in Tucker, Georgia.
- What is Georgia Energy Cooperative An Electric Membership Corporation's EIN?
- Georgia Energy Cooperative An Electric Membership Corporation's Employer Identification Number (EIN) is 58-2664429.
- How much revenue does Georgia Energy Cooperative An Electric Membership Corporation report?
- Georgia Energy Cooperative An Electric Membership Corporation reported $130,149,643 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Georgia Energy Cooperative An Electric Membership Corporation's highest-paid employee make?
- The highest reported compensation on Georgia Energy Cooperative An Electric Membership Corporation's latest Form 990 is $454,063, paid to Pete Nettles (Ceo).
More nonprofits in Tucker
Explore more
Data for Georgia Energy Cooperative An Electric Membership Corporation (EIN 58-2664429) 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.