Hart Electric Membership Corp
501(c)(12)
100% goes to programs Strong reserves
Hart Electric Membership Corp is a 501(c)(12) organization based in Hartwell, Georgia, registered in 1942, with $91,671,354 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
Po Box 250, Hartwell, GA, 30643 EIN 58-0280657 Since 1942
Revenue (FY2024)
$91.7M
▲ 8.2% vs prior year
Expenses (FY2024)
$91.7M
Net assets
$139.1M
Employees
121
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 Hart Electric Membership Corp: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 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 Hart Electric Membership Corp: 18 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 Hart Electric Membership Corp: 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 Hart Electric Membership Corp: 4 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.
Contact & location
Financial trends
Revenue grew from $77.6M (FY2016) to $91.7M (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $144.2MNet assets $139.1M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$283.4M
Total liabilities
$144.2M
Net assets
$139.1M
Salaries & benefits
$605K
1% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,671,354▲8.2% | $91,671,354▲8.2% | $139,144,493▲6.9% | $283,392,078▲11.0% | 990 |
| 2023 | $84,757,035▼2.7% | $84,757,035▼2.7% | $130,185,133▲1.9% | $255,268,022▲5.2% | 990 |
| 2022 | $87,122,217▲3.7% | $87,122,217▲3.7% | $127,774,024▲12.4% | $242,758,316▲6.6% | 990 |
| 2021 | $84,026,536▲4.7% | $84,026,536▲4.7% | $113,647,703▲5.1% | $227,728,767 | 990 |
| 2020 | $80,237,450▼3.5% | $80,237,450▼3.5% | $108,138,272▲14.2% | $227,687,212▲6.4% | 990 |
| 2019 | $83,157,240▲0.8% | $83,157,240▲0.8% | $94,708,566▲5.1% | $213,929,296▲11.8% | 990 |
| 2018 | $82,527,096▲10.3% | $82,527,096▲10.3% | $90,073,632▲6.6% | $191,313,457▲8.8% | 990 |
| 2017 | $74,791,574▼3.6% | $74,791,574▼3.6% | $84,475,159▲3.1% | $175,880,505▼1.5% | 990 |
| 2016 | $77,618,795 | $77,618,795 | $81,912,199 | $178,556,244 | 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: Jeffrey W Murphy — $404,685 (0.44% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jeffrey W Murphy | President & | 50 | $404,685 |
| Joel K Brown | Chief Oper. | 50 | $275,997 |
| Timothy M Adams | Programmer | 50 | $174,844 |
| Edward Hoy | Vp Engineeri | 50 | $172,745 |
| Glenn Cleveland | Engineering | 50 | $170,764 |
| Allen Bond | Senior Manag | 50 | $150,897 |
| Kay Reed | Sec.-treas. | 5 | $18,575 |
| David M Fleming | Director | 5 | $14,800 |
| Donnie A Cordell | Director | 5 | $14,075 |
| William M Leard | Director | 5 | $12,100 |
| Guerry Hall | Vice Chairma | 5 | $11,650 |
| Galen Mills | Chairman | 5 | $11,200 |
| Robyn Vaughn | Director | 5 | $7,800 |
| John M Peeples | Director | 5 | $3,850 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| The Davey Tree Expert Co | Row Contractor | $2,179,912 |
| Pike | Electric Cont. | $1,592,708 |
| Utiliclear LLC | Row Contractor | $1,024,775 |
| Lakeside Tree Experts | Row Contractor | $579,392 |
| J L Adams Inc | Plumbing | $205,292 |
Frequently asked questions
- Is Hart Electric Membership Corp a legitimate nonprofit?
- Yes. Hart Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0280657, based in Hartwell, Georgia.
- What is Hart Electric Membership Corp's EIN?
- Hart Electric Membership Corp's Employer Identification Number (EIN) is 58-0280657.
- How much revenue does Hart Electric Membership Corp report?
- Hart Electric Membership Corp reported $91,671,354 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Hart Electric Membership Corp's spending goes to programs?
- Hart Electric Membership Corp spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hart Electric Membership Corp have?
- CharityIndex grades Hart Electric Membership Corp A+, based on program efficiency and fundraising cost.
- How much does Hart Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Hart Electric Membership Corp's latest Form 990 is $404,685, paid to Jeffrey W Murphy (President &).
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Data for Hart Electric Membership Corp (EIN 58-0280657) 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.