Habersham Electric Membership Corp
501(c)(12)
Strong reserves
Habersham Electric Membership Corp is a 501(c)(12) organization based in Clarkesville, Georgia, registered in 1942, with $79,545,222 in FY2023 revenue.
6135 State Highway 115 W, Clarkesville, GA, 30523 EIN 58-0273635 Since 1942
Revenue (FY2023)
$79.5M
▲ 3.3% vs prior year
Expenses (FY2023)
$79.5M
Net assets
$67.3M
Employees
114
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 Habersham Electric Membership Corp— 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 rating10 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 Habersham Electric Membership Corp: 10 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 Habersham Electric Membership Corp: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Habersham Electric Membership Corp: 3 of 5 disclosure signals earns a B 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.
Contact & location
- Address
- 6135 State Highway 115 W, Clarkesville, GA, 30523
- City
- Clarkesville
- State
- Georgia
- Category
- —
- Subcategory
- —
- Phone
- …
Financial trends
Revenue grew from $68.3M (FY2016) to $79.5M (FY2023) across 8 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $143.0MNet assets $67.3M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$210.4M
Total liabilities
$143.0M
Net assets
$67.3M
Salaries & benefits
$648K
1% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $79,545,222▲3.3% | $79,545,222▼0.4% | $67,321,800▲16.8% | $210,367,063▲11.3% | 990 |
| 2022 | $76,985,449▲9.0% | $79,843,534▲13.0% | $57,638,002▼2.2% | $188,949,179▲15.3% | 990 |
| 2021 | $70,636,080▼0.3% | $70,636,080▼0.3% | $58,905,873▲2.8% | $163,809,198▲7.7% | 990 |
| 2020 | $70,876,881▼1.1% | $70,876,881▼1.1% | $57,299,760▲4.6% | $152,067,176▲8.6% | 990 |
| 2019 | $71,689,158▲0.5% | $71,689,158▲0.5% | $54,785,361▲3.3% | $140,073,883▼0.3% | 990 |
| 2018 | $71,327,952▲5.8% | $71,327,952▲5.8% | $53,044,474▲5.9% | $140,545,457▲6.6% | 990 |
| 2017 | $67,413,567▼1.4% | $67,413,567▼1.4% | $50,099,302▲4.5% | $131,882,343▲11.0% | 990 |
| 2016 | $68,347,534 | $68,347,534 | $47,920,800 | $118,848,918 | 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: Bryan Ferguson — $384,795 (0.48% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bryan Ferguson | Pres/ceo | 45 | $384,795 |
| Josh Allen | Vp of Engine | 49 | $221,885 |
| Kelly Wilkins | Vp, Finance | 47 | $214,445 |
| Roger Thurmond | Vp, Member R | 48 | $202,802 |
| Mark Leach | Director Eng | 41 | $162,427 |
| Gail Welborn | Director of | 45 | $151,654 |
| Dustin Hulsey | Vice Chairma | 4.97 | $24,400 |
| William A Cantrell Jr | Secretary-tr | 5.8 | $21,000 |
| Dan Thurmond | Director | 7.92 | $20,800 |
| David Wall | Chairman | 7.42 | $19,200 |
| Jonathan D Taylor | Director | 2.99 | $19,000 |
| David Foster | Director | 5.41 | $18,400 |
| Rick Wood | Director | 3.67 | $18,200 |
| Kenneth Mcentire | Director | 5 | $16,800 |
| Jeff Herrin | Director | 5.35 | $15,600 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Utility Partners of America LLC | Construction | $2,874,621 |
| Eletricom LLC | Fiber Service | $1,968,158 |
| Denton Contracting Inc | Fiber Install | $1,855,565 |
| Georgia Right-of-way Co | Right-of-way | $1,808,935 |
| Davey Tree Expert Company | Right-of-way | $1,369,030 |
Frequently asked questions
- Is Habersham Electric Membership Corp a legitimate nonprofit?
- Yes. Habersham Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0273635, based in Clarkesville, Georgia.
- What is Habersham Electric Membership Corp's EIN?
- Habersham Electric Membership Corp's Employer Identification Number (EIN) is 58-0273635.
- How much revenue does Habersham Electric Membership Corp report?
- Habersham Electric Membership Corp reported $79,545,222 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Habersham Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Habersham Electric Membership Corp's latest Form 990 is $384,795, paid to Bryan Ferguson (Pres/ceo).
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Data for Habersham Electric Membership Corp (EIN 58-0273635) 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.