Totals
- Total revenue
- $369,406,838
- Total expenses
- $375,426,410
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $366,585,320
- Investment income
- $854,781
- Other revenue
- $1,966,737
- Total assets, end of year
- $576,846,629
- Total liabilities, end of year
- $341,926,611
- Net assets or fund balances, end of year
- $234,920,018
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: ELECTRIC REVENUE
total $360,062,354 · related or exempt $360,062,354
-
2b · Program service revenue: G & T CAPITAL CREDITS
total $3,800,321 · related or exempt $3,800,321
-
2c · Program service revenue: POLE RENTAL REVENUE
total $2,722,645 · excluded $2,722,645
-
3 · Investment income
total $854,781 · related or exempt $619,704 · excluded $235,077
-
11a · Other revenue: EMC SECURITY
total $1,966,737 · unrelated business $1,966,737
-
11e · Other revenue, total
$1,966,737
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,072,158
-
13 · Office expenses
total $364,501
-
20 · Interest
total $5,544,928
-
22 · Depreciation, depletion and amortization
total $16,611,632
-
24a · Other expenses: PURCHASED POWER
total $306,846,605
-
24b · Other expenses: DISTRIBUTION MAINTENANCE
total $15,468,158
-
24c · Other expenses: DISTRIBUTION OPERATIONS
total $12,115,600
-
24d · Other expenses: ADMIN. & GENERAL EXP.
total $9,201,120
-
24e · All other expenses
total $8,201,708
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,498,420 · end of year $5,132,853
-
2 · Savings and temporary cash investments
beginning of year $12,000,000 · end of year $29,066,259
-
4 · Accounts receivable
beginning of year $31,350,157 · end of year $42,890,231
-
7 · Other notes and loans receivable
beginning of year $12,400 · end of year $23,927
-
8 · Inventories for sale or use
beginning of year $3,889,745 · end of year $4,796,080
-
9 · Prepaid expenses and deferred charges
beginning of year $375,449 · end of year $383,633
-
10a · Land, buildings and equipment: cost or other basis
$531,241,509
-
10b · Land, buildings and equipment: accumulated depreciation
$212,521,460
-
10c · Land, buildings and equipment, net
beginning of year $305,459,352 · end of year $318,720,049
-
11 · Investments: publicly traded securities
beginning of year $39,536,888 · end of year $40,495,006
-
13 · Investments: program-related
beginning of year $131,243,273 · end of year $135,302,875
-
15 · Other assets
beginning of year $36,648 · end of year $35,716
-
17 · Accounts payable and accrued expenses
beginning of year $44,905,792 · end of year $63,794,178
-
23 · Secured mortgages and notes payable
beginning of year $138,911,083 · end of year $157,071,305
-
25 · Other liabilities
beginning of year $122,197,971 · end of year $121,061,128
-
29 · Capital stock, trust principal or current funds
beginning of year $962,700 · end of year $954,865
-
31 · Retained earnings, endowment or other funds
beginning of year $220,424,786 · end of year $233,965,153
Mission and programs · 2022
Mission
TO PROVIDE THE BEST POSSIBLE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S AREA AT A REASONABLE COST CONSISTENT WITH THE HIGHEST STANDARDS OF SERVICE.
-
N/A
As filed on the 2022 return.
Listed in Part VII
-
Dawn TaylorDAWN TAYLOR
CHAIRMAN
- Total calculated
- $29,858
- From this org
- $29,858
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Michael Q LowderMICHAEL Q LOWDER
VICE CHAIRMA
- Total calculated
- $26,800
- From this org
- $26,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Billy Ray AllenBILLY RAY ALLEN
SEC-TREASURE
- Total calculated
- $26,838
- From this org
- $26,838
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Daniel J ChelkoDANIEL J CHELKO
DIRECTOR
- Total calculated
- $27,638
- From this org
- $27,638
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Sammy SimontonSAMMY SIMONTON
DIRECTOR
- Total calculated
- $27,138
- From this org
- $27,138
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Thomas H Adcock JrTHOMAS H ADCOCK JR
DIRECTOR
- Total calculated
- $26,838
- From this org
- $26,838
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Johnny R AllgoodJOHNNY R ALLGOOD
DIRECTOR
- Total calculated
- $26,538
- From this org
- $26,538
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Jason SidwellJASON SIDWELL
DIRECTOR
- Total calculated
- $27,214
- From this org
- $27,214
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Jim WhitleyJIM WHITLEY
DIRECTOR
- Total calculated
- $26,538
- From this org
- $26,538
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
D Ronnie LeeD RONNIE LEE
PRESIDENT &
- Total calculated
- $826,759
- From this org
- $665,098
- From related orgs
- $0
- Other
- $161,661
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $565,572
- Bonus
- $28,500
- Other
- $71,026
- Deferred
- $158,633
- Nontaxable benefits
- $3,028
- Filer's total
- $826,759
-
Ronald T MarshallRONALD T MARSHALL
SR VP ENG &
- Total calculated
- $539,466
- From this org
- $429,615
- From related orgs
- $0
- Other
- $109,851
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $361,206
- Bonus
- $22,000
- Other
- $46,409
- Deferred
- $106,823
- Nontaxable benefits
- $3,028
- Filer's total
- $539,466
-
Russell A DelongRUSSELL A DELONG
SR VP CORPOR
- Total calculated
- $492,003
- From this org
- $390,712
- From related orgs
- $0
- Other
- $101,291
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $329,338
- Bonus
- $22,000
- Other
- $39,374
- Deferred
- $98,743
- Nontaxable benefits
- $2,548
- Filer's total
- $492,003
-
Robert E RentfrowROBERT E RENTFROW
SR VP POWER
- Total calculated
- $499,787
- From this org
- $397,966
- From related orgs
- $0
- Other
- $101,821
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $329,533
- Bonus
- $22,000
- Other
- $46,433
- Deferred
- $98,793
- Nontaxable benefits
- $3,028
- Filer's total
- $499,787
-
Marsha L ShumateMARSHA L SHUMATE
CFO/SR VP FI
- Total calculated
- $492,829
- From this org
- $391,379
- From related orgs
- $0
- Other
- $101,450
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $328,070
- Bonus
- $22,000
- Other
- $41,309
- Deferred
- $98,422
- Nontaxable benefits
- $3,028
- Filer's total
- $492,829
-
James M BottoneJAMES M BOTTONE
VP ENERGY &
- Total calculated
- $390,611
- From this org
- $306,541
- From related orgs
- $0
- Other
- $84,070
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $268,997
- Bonus
- $22,000
- Other
- $15,544
- Deferred
- $81,042
- Nontaxable benefits
- $3,028
- Filer's total
- $390,611
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
WALTON BAINBRIDGE LLC
GENERATION · GA · income -$49,788 · assets $3,137,213
Directly controlled by YES
-
WALTON DISCOVER LLC
GENERATION · GA · income $390,329 · assets $4,374,297
Directly controlled by YES
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
WALTON ENERGY INC
C CORP · NATURAL GA · GA · 100% owned · share of income -$141,620 · share of assets $49,273,577 · controlled entity
Directly controlled by YES
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 9 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323149349300812
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