Georgia Electric Membership Corporation

Nonprofit profile at a glance

EIN
580530279
IRS 990 coverage
2018–2025
Forms available
Form 990 2025
Location
Tucker, GA, USA
Phone
7702706950
Rating
52
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$21,721,264
Expenses
$21,183,129
Assets
$15,174,146
Liabilities
$3,572,070

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

50 people listed

Executive titles in this filing

  • DENNIS CHASTAIN (PRESIDENT &)

Highest reported compensation

  • DENNIS CHASTAIN (PRESIDENT &): $607,986 total reported compensation
  • KEVIN CURTIN (SVP - EXT AF): $539,934 total reported compensation
  • JENNIFER BRUCE (CFO & SENIOR): $521,300 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Georgia electric membership corporation is a not-for-profit corporation organized to : - foster, develop and encourage the program of rural electrification in the state of Georgia - further the general welfare and to promote the interest of the members of gemc; to further the safety, stability, security and prosperity of electric cooperatives; to aid in solving problems common to electric cooperatives - disseminate information relating to the rural electrification program; to cooperate with federal, state and municipal agenices in the promotion of rural electrification and national, state, community and rural development; to provide services and informational programs that will stimulate local growth, stability and security and strengthen the electric cooperative program in Georgia - otherwise assist the members of gemc to provide electric energy to inhabitants of member service areas at the lowest possible cost consistent with sound economy

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 93
  • Accountability: 100
  • Sustainability: 29
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 2.5%; rating input score 35; 35th percentile among comparable filings
  • Total-asset coverage ratio: 0.72; rating input score 19; 19th percentile among comparable filings
  • Liabilities to assets ratio: 0.24; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 14; 14th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.4% per year; rating input score 100; 45th percentile among comparable filings
  • Asset growth: 6.7% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 44 of 44 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $21.2M in reported program spending
  • Leadership: top reported pay $608K · 50 people listed · 6 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $2.9M reported
  • Consistency: 14 of 15 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes executive pay
  • Filing history: 8 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 48 filed money-flow records
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Sustainability: Operating margin scored 35/100.
  • Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
  • High — Sustainability: Total-asset coverage ratio scored 19/100.
  • High — Sustainability: Officer compensation ratio scored 14/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.