Satilla Rural Electric Membership Corp
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Satilla Rural Electric Membership Corp is a 501(c)(12) organization based in Alma, Georgia, registered in 1941, with $156,137,692 in FY2024 revenue. CharityIndex grades it A.
Po Box 906, Alma, GA, 31510 EIN 58-0417350 Since 1941
Revenue (FY2024)
$156.1M
▲ 10.7% vs prior year
Expenses (FY2024)
$156.1M
Net assets
$153.4M
Employees
173
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 Satilla Rural 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 rating12 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 Satilla Rural Electric Membership Corp: 12 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 Satilla Rural 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 Satilla Rural Electric Membership Corp: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To be recognized as a company having the power to meet the changing needs and demands of our customers by providing superior energy and non-energy related products and services.
Contact & location
Financial trends
Revenue grew from $117.0M (FY2013) to $156.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $395.5MNet assets $153.4M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$549.0M
Total liabilities
$395.5M
Net assets
$153.4M
Salaries & benefits
$2.5M
2% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $156,137,692▲10.7% | $156,137,692▲10.7% | $153,449,718▲13.5% | $548,987,399▲40.6% | 990 |
| 2023 | $141,083,029▲0.1% | $141,083,029▲0.1% | $135,247,213▼0.4% | $390,356,814▲11.6% | 990 |
| 2022 | $140,969,105▲15.4% | $140,969,105▲15.4% | $135,789,885▲12.8% | $349,753,639▲30.2% | 990 |
| 2021 | $122,190,964▲6.1% | $122,190,964▲6.1% | $120,365,732▲1.4% | $268,716,625▲7.6% | 990 |
| 2020 | $115,131,039▼4.5% | $115,131,039▼4.5% | $118,730,224▲1.9% | $249,634,510▲2.2% | 990 |
| 2019 | $120,597,243▲0.5% | $120,597,243▲0.5% | $116,546,736▲1.6% | $244,247,189▼2.0% | 990 |
| 2018 | $120,001,184▲4.2% | $120,001,184▲4.2% | $114,697,664▲2.9% | $249,161,032▲1.7% | 990 |
| 2017 | $115,189,414▲1.5% | $115,189,414▲1.5% | $111,447,400▲8.1% | $244,901,687▲5.7% | 990 |
| 2016 | $113,537,051▼1.9% | $113,537,051▼1.9% | $103,090,546▲11.0% | $231,754,646▲6.2% | 990 |
| 2015 | $115,776,251▼3.5% | $115,776,251▼3.5% | $92,847,849▲6.9% | $218,283,177▲7.3% | 990 |
| 2014 | $119,961,348▲2.6% | $119,961,348▲2.6% | $86,854,336▲2.2% | $203,498,979▲4.9% | 990 |
| 2013 | $116,977,384 | $116,977,384▲3.0% | $85,023,818▲2.2% | $194,029,376▼0.1% | 990 |
| 2012 | — | $113,566,019▲1.4% | $83,204,261▲7.1% | $194,225,946▲5.3% | 990 |
| 2011 | — | $112,040,912 | $77,717,355 | $184,379,224 | 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: Romeo A Reyes — $393,946 (0.25% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Romeo A Reyes | President/ceo | 40 | $393,946 |
| Earl B Williams | It Manager | 40 | $242,328 |
| Jennifer Lynn Gainey | Director, Admin Services | 40 | $242,044 |
| Robert K Bennett Jr | Director of Distribution S | 40 | $236,455 |
| James Tucker Jr | Director of Customer Servi | 40 | $233,461 |
| John R Sweat | Director, System Services | 40 | $233,260 |
| Brian Scott Mikell | Line Foreman | 40 | $228,463 |
| David Walker | Engineering Manager | 40 | $205,531 |
| Samuel L Boatright | Director, Line Services | 40 | $202,055 |
| Kevin D Peacock | Ami Manager | 40 | $198,071 |
| David Davis | Row District Coordinator | 40 | $189,437 |
| Jarvis Marchant | Distric Coordinator | 40 | $177,851 |
| David H Bennett Jr | Director | 1 | $20,064 |
| Rl Lewis Jr | Director/chairman | 2 | $20,064 |
| Hugh L Brantley | Director | 2 | $13,268 |
| Jerry Boatright | Director/secretary | 1 | $13,268 |
| Thomas J Morris | Director/vice-chairman | 1 | $13,268 |
| Scott Day | Director | 1 | $12,668 |
| James W Waters | Director/treasurer | 1 | $12,368 |
| J Matt Bennett | Director | 2 | $12,368 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Pike Enterprises LLC | Contract Labor | $22,348,359 |
| Bigham Cable Construction | Fiber Network Construction | $17,413,308 |
| Asplundh Tree Expert Co | Line Maintenance | $5,705,533 |
| Conexon LLC | Fiber Network Construction | $4,110,849 |
| Benton Technical Services | Fiber Network Construction | $3,357,533 |
Frequently asked questions
- Is Satilla Rural Electric Membership Corp a legitimate nonprofit?
- Yes. Satilla Rural Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0417350, based in Alma, Georgia.
- What is Satilla Rural Electric Membership Corp's EIN?
- Satilla Rural Electric Membership Corp's Employer Identification Number (EIN) is 58-0417350.
- How much revenue does Satilla Rural Electric Membership Corp report?
- Satilla Rural Electric Membership Corp reported $156,137,692 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Satilla Rural Electric Membership Corp have?
- CharityIndex grades Satilla Rural Electric Membership Corp A, based on financial health (reserves and operating margin).
- How much does Satilla Rural Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Satilla Rural Electric Membership Corp's latest Form 990 is $393,946, paid to Romeo A Reyes (President/ceo).
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Data for Satilla Rural Electric Membership Corp (EIN 58-0417350) 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.