Walton Electric Membership Corporation
Nonprofit profile at a glance
- EIN
- 580477163
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Monroe, GA, US
- Phone
- (770) 267-2505
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $420,877,567
- Expenses
- $420,877,567
- Assets
- $646,919,210
- Liabilities
- $368,140,121
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- RONALD T MARSHALL (PRES & CEO)
Highest reported compensation
- RONALD T MARSHALL (PRES & CEO): $896,805 total reported compensation
- MARSHA SHUMATE (CFO/SR. VP F): $549,271 total reported compensation
- RUSSELL A DELONG (SR VP CORPOR): $548,940 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide reliable energy and electric services – delivered efficiently, with extraordinary customer care.
Walton Electric Membership Corporation (Walton EMC) is a customer-owned electric cooperative serving over 145,470 accounts across 10 counties in Northeast Georgia, between Atlanta and Athens. Founded in 1936, the cooperative energizes 7,550 miles of line and maintains 99.9% electric service reliability. Walton EMC also operates natural gas and security subsidiaries and offers nationally recognized residential and commercial solar initiatives.
Operating model
- Revenue model
- Earned-program. 99% 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: 82
- Accountability: 100
- Sustainability: 42
- 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; 68th percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- 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: Scored; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 0%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 1.54; rating input score 54; 54th percentile among comparable filings
- Liabilities to assets ratio: 0.57; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 0.9%; rating input score 77; 77th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 3% per year; rating input score 100; 20th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $420.9M in reported program spending
- Leadership: top reported pay $897K · 16 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $613K reported
- Consistency: 11 of 12 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes executive pay and related organizations
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 16 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 54/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.