Sawnee Electric Membership Corp
501(c)(12)
Strong reserves
Sawnee Electric Membership Corp is a 501(c)(12) organization based in Cumming, Georgia, registered in 1954, with $448,376,114 in FY2024 revenue.
543 Atlanta Rd, Cumming, GA, 30040 EIN 58-0246393 Since 1954
Revenue (FY2024)
$448.4M
▲ 0.0% vs prior year
Expenses (FY2024)
$448.4M
Net assets
$366.0M
Employees
413
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 Sawnee 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 Sawnee 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 Sawnee 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 Sawnee Electric Membership Corp: 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 electric service to all who desire it within the system's service area, as provided by georgia law, lender requirements and other regulatory and industry standards.
Contact & location
Financial trends
Revenue grew from $335.6M (FY2013) to $448.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $639.7MNet assets $366.0M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$639.7M
Net assets
$366.0M
Salaries & benefits
$1.5M
0% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $448,376,114 | $448,376,114 | $366,034,532▲8.8% | $1,005,732,418▲2.9% | 990 |
| 2023 | $448,226,229▲1.3% | $448,226,229▲1.3% | $336,420,736▲7.7% | $977,478,737▲4.0% | 990 |
| 2022 | $442,554,450▲4.9% | $442,554,450▲4.9% | $312,328,664▲7.5% | $939,931,569▲6.6% | 990 |
| 2021 | $421,763,531▲6.4% | $421,763,531▲6.4% | $290,418,843▲7.7% | $881,772,713▲5.9% | 990 |
| 2020 | $396,358,306▲2.6% | $396,358,306▲2.6% | $269,552,161▼0.9% | $832,532,298▲4.0% | 990 |
| 2019 | $386,131,754▲0.5% | $386,131,754▲0.5% | $272,093,467▲4.0% | $800,297,708▲12.2% | 990 |
| 2018 | $384,164,169▲2.7% | $384,164,169▲2.7% | $261,538,485▲5.3% | $713,087,735▲5.6% | 990 |
| 2017 | $374,115,928▲7.8% | $374,115,928▲7.8% | $248,429,604▲11.3% | $675,354,252▲5.8% | 990 |
| 2016 | $346,917,008▲2.9% | $346,917,008▲2.9% | $223,275,363▲2.7% | $638,610,728▲7.2% | 990 |
| 2015 | $337,229,197▼2.7% | $337,229,197▼2.7% | $217,328,233▲1.3% | $595,521,530▲5.9% | 990 |
| 2014 | $346,701,929▲3.3% | $346,701,929▲3.3% | $214,635,763▲0.2% | $562,310,871▲6.9% | 990 |
| 2013 | $335,584,379 | $335,584,379▲2.9% | $214,186,818▲4.2% | $525,873,692▲9.2% | 990 |
| 2012 | — | $325,977,580▲0.4% | $205,630,729▲8.6% | $481,520,957▼2.2% | 990 |
| 2011 | — | $324,758,250▲4.4% | $189,376,421▲4.4% | $492,438,317▲2.8% | 990 |
| 2010 | — | $311,103,640 | $181,311,017 | $479,185,246 | 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: Michael A Goodroe — $1,076,198 (0.24% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael A Goodroe | President/ce | 50 | $1,076,198 |
| Gary Mauldin | Coo | 50 | $613,249 |
| Virginia Ellis | Cfo | 50 | $446,017 |
| Chet D Blackstock | Vp Operation | 50 | $319,510 |
| Carl Badgett | Cio | 50 | $260,930 |
| Blake House | Vp Member Sv | 50 | $233,799 |
| Tim G Heard | Vice Chairma | 4.5 | $48,590 |
| Gary G Porter | Secretary/tr | 4.36 | $47,359 |
| Roger T Coker | Chairman | 3.78 | $45,680 |
| Donna O Yost | Director | 3.44 | $42,471 |
| Larry M Evans | Director | 3.12 | $42,148 |
| Rodney H Reese | Director | 3.36 | $41,666 |
| Terry W Mathis | Director | 2.65 | $39,151 |
| Marshall S Millwood | Director | 3.22 | $38,794 |
| Adrian Flack | Director | 3.24 | $36,235 |
| Bill Barnett | Director | 0 | $2,129 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Wa Kendall Co | Right-of-way | $7,398,262 |
| Townsend Tree Service Company LLC | Right-of-way | $4,329,442 |
| Powergrid Services | Right-of-way | $800,976 |
| Beach Timber Co Blackshear | Poles | $363,840 |
| Asa Fire Protection LLC | Fire Sys. Insp. | $265,978 |
Grants received · $150K total
1 grant to Sawnee Electric Membership Corp totaling $150K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund-threatens existence under the cooperative business model | 2022 | $150,000 |
Frequently asked questions
- Is Sawnee Electric Membership Corp a legitimate nonprofit?
- Yes. Sawnee Electric Membership Corp is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 58-0246393, based in Cumming, Georgia.
- What is Sawnee Electric Membership Corp's EIN?
- Sawnee Electric Membership Corp's Employer Identification Number (EIN) is 58-0246393.
- How much revenue does Sawnee Electric Membership Corp report?
- Sawnee Electric Membership Corp reported $448,376,114 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Sawnee Electric Membership Corp's highest-paid employee make?
- The highest reported compensation on Sawnee Electric Membership Corp's latest Form 990 is $1,076,198, paid to Michael A Goodroe (President/ce).
More nonprofits in Cumming
Explore more
Data for Sawnee Electric Membership Corp (EIN 58-0246393) 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.