Civic Intelligence

Washington Electric Membership

EIN 58-0478785 • 501(c)12 • Sandersville, GA

Profile

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

258 North Harris Street PO Box 598Sandersville, GA 31082
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.70x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

82nd percentile

2.24x

Higher debt load relative to revenue than 82% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Net Margin

48th percentile

0.0%

Higher net margin than 48% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$442,275

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)12 • $100M-$250M nonprofits • Source year 2024

Asset Growth

93rd percentile

19%

Faster asset growth than 93% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-18%

Faster revenue growth than 2% of similar nonprofits.

501(c)12 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$171,152,692

Up $27,624,574 (+19%) from 2023

Liabilities

Up

$119,501,429

Up $25,415,008 (+27%) from 2023

Net Assets

Up

$51,651,263

Up $2,209,566 (+4.5%) from 2023

Revenue

Down

$53,460,917

Down $11,360,761 (-18%) from 2023

Expenses

Down

$53,460,917

Down $11,360,761 (-18%) from 2023

Net Income

Flat

$0

Flat from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$200M$150M$100M$50M$0Assets 2011: $70,639,296Liabilities 2011: $34,334,396Net Assets 2011: $36,304,9002011Assets 2012: $72,896,496Liabilities 2012: $35,516,857Net Assets 2012: $37,379,6392012Assets 2013: $73,811,107Liabilities 2013: $35,470,117Net Assets 2013: $38,340,9902013Assets 2014: $75,543,449Liabilities 2014: $36,352,533Net Assets 2014: $39,190,9162014Assets 2015: $77,473,263Liabilities 2015: $36,656,962Net Assets 2015: $40,816,3012015Assets 2016: $80,687,141Liabilities 2016: $38,130,419Net Assets 2016: $42,556,7222016Assets 2017: $83,527,647Liabilities 2017: $39,984,922Net Assets 2017: $43,542,7252017Assets 2018: $86,726,878Liabilities 2018: $41,728,348Net Assets 2018: $44,998,5302018Assets 2019: $88,731,253Liabilities 2019: $42,040,433Net Assets 2019: $46,690,8202019Assets 2020: $91,286,252Liabilities 2020: $43,856,102Net Assets 2020: $47,430,1502020Assets 2021: $97,744,421Liabilities 2021: $50,199,440Net Assets 2021: $47,544,9812021Assets 2022: $120,334,964Liabilities 2022: $72,772,035Net Assets 2022: $47,562,9292022Assets 2023: $143,528,118Liabilities 2023: $94,086,421Net Assets 2023: $49,441,6972023Assets 2024: $171,152,692Liabilities 2024: $119,501,429Net Assets 2024: $51,651,2632024

Highlighted filing

2024

Assets$171,152,692
Liabilities$119,501,429
Net Assets$51,651,263

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Revenue 2011: $39,672,462Expenses 2011: $39,672,462Net Income 2011: $02011Revenue 2012: $37,509,230Expenses 2012: $37,509,230Net Income 2012: $02012Revenue 2013: $37,397,227Expenses 2013: $37,397,227Net Income 2013: $02013Revenue 2014: $39,589,695Expenses 2014: $39,589,695Net Income 2014: $02014Revenue 2015: $39,041,254Expenses 2015: $39,041,254Net Income 2015: $02015Revenue 2016: $40,357,227Expenses 2016: $40,357,227Net Income 2016: $02016Revenue 2017: $38,712,245Expenses 2017: $38,712,245Net Income 2017: $02017Revenue 2018: $39,829,999Expenses 2018: $39,829,999Net Income 2018: $02018Revenue 2019: $38,703,650Expenses 2019: $38,703,650Net Income 2019: $02019Revenue 2020: $38,073,689Expenses 2020: $38,073,689Net Income 2020: $02020Revenue 2021: $40,840,577Expenses 2021: $40,840,577Net Income 2021: $02021Revenue 2022: $48,227,831Expenses 2022: $48,227,831Net Income 2022: $02022Revenue 2023: $64,821,678Expenses 2023: $64,821,678Net Income 2023: $02023Revenue 2024: $53,460,917Expenses 2024: $53,460,917Net Income 2024: $02024

Highlighted filing

2024

Revenue$53,460,917
Expenses$53,460,917
Net Income$0

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$171$120$51.7$53.5$53.5$0.00
2023Detailed filing. Detailed filing data is available for this year.$144$94.1$49.4$64.8$64.8$0.00
2022Detailed filing. Detailed filing data is available for this year.$120$72.8$47.6$48.2$48.2$0.00
2021Detailed filing. Detailed filing data is available for this year.$97.7$50.2$47.5$40.8$40.8$0.00
2020Detailed filing. Detailed filing data is available for this year.$91.3$43.9$47.4$38.1$38.1$0.00
2019Detailed filing. Detailed filing data is available for this year.$88.7$42.0$46.7$38.7$38.7$0.00
2018Detailed filing. Detailed filing data is available for this year.$86.7$41.7$45.0$39.8$39.8$0.00
2017Detailed filing. Detailed filing data is available for this year.$83.5$40.0$43.5$38.7$38.7$0.00
2016Detailed filing. Detailed filing data is available for this year.$80.7$38.1$42.6$40.4$40.4$0.00
2015Summary only. Only limited summary data is available for this year.$77.5$36.7$40.8$39.0$39.0$0.00
2014Summary only. Only limited summary data is available for this year.$75.5$36.4$39.2$39.6$39.6$0.00
2013Summary only. Only limited summary data is available for this year.$73.8$35.5$38.3$37.4$37.4$0.00
2012Summary only. Only limited summary data is available for this year.$72.9$35.5$37.4$37.5$37.5$0.00
2011Summary only. Only limited summary data is available for this year.$70.6$34.3$36.3$39.7$39.7$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 6, 2025
Return Version
2024v5.0
Gross Receipts
$53,460,917
Mission and Program Overview

Mission

To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$96,676,165$124,234,936▲ $27,558,771
Rtn Earn Endowment Incm Other Fnds$49,372,623$51,582,420▲ $2,209,797
Investments Program Related$20,704,915$21,827,226▲ $1,122,311
Savings and Temporary Cash Investments$9,750,000--
Accounts Receivable$4,613,106$5,697,508▲ $1,084,402
Inventories for Sale or Use$8,114,800$5,074,824▼ $3,039,976
Cash and Non-Interest-Bearing Accounts$2,576,461$1,280,972▼ $1,295,489
Prepaid Expenses and Deferred Charges$1,070,678$231,705▼ $838,973
Cap Stk Tr Prin Current Funds$69,074$68,843▼ $231
Total Assets$143,528,118$171,152,692▲ $27,624,574
Other Assets Total$21,993$12,805,521▲ $12,783,528
Liabilities
Mortgage Notes Payable Secured by Investment Property$85,351,718$106,758,720▲ $21,407,002
Accounts Payable and Accrued Expenses$6,457,321$7,452,864▲ $995,543
Other Liabilities$2,277,167$5,289,630▲ $3,012,463
Escrow Account Liability$215$215→ $0
Total Liabilities$94,086,421$119,501,429▲ $25,415,008
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,441,697$51,651,263▲ $2,209,566
Total Liabilities and Net Assets / Fund Balance$143,528,118$171,152,692▲ $27,624,574

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$117,849,205$36,249,130$154,098,335
Buildings$5,854,113$1,722,310$7,576,423
Land$531,618-$531,618
Investment Program Related Org$170,107--
Other Assets Org$12,805,521--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wendy H SellersPresident &FT$313,100$129,175$442,275
Wendy H SellersPresident & CEO-$307,146$135,129$442,275
Michael DavisVP of FinancFT$186,535$84,732$271,267
Michael DavisVP of Finance & Admi-$184,095$87,172$271,267
Chris BiggersVP InformatiFT$172,709$81,299$254,008
Chris BiggersVP Information Tech-$168,387$85,621$254,008
Kevin MorrisCOOFT$196,870$51,302$248,172
Zan HeltonEngineeringFT$131,760$73,899$205,659
Zan HeltonEngineering Svcs Mgr-$129,451$76,208$205,659
Richard L HodgesLine ForemanFT$130,737$63,615$194,352
George Michael McdonaldChairman-$19,065-$19,065
Brenda EnglishSecretary/tr-$15,915-$15,915
Michael BeckworthVice Chairma-$15,565-$15,565
Jeffrey T LacksenDirector-$14,515-$14,515
Kenneth L VickersDirector-$14,515-$14,515
Mildred JacksonDirector-$14,451-$14,451
William T HeltonDirector-$13,315-$13,315

Highest Paid Contractors

ContractorServicesLocationCompensation
Roberts Land ManagementRow341A LAIR RD, Milledgevile, GA 31082$744,185
Tony's Lawn ServiceRow727 JORDAN MILL RD, Sandersville, GA 31082$198,003
Tom-a-lamaRow286 BW WEBB ROAD, Wrightsville, GA 31096$166,860
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$52,991,358
Investment Income
$132,078
Other Revenue
$337,481
Change in Net Assets
$0

Audited Revenue Reconciliation

Revenue per Audited Statements
$53,460,917
Total Revenue per Audited Statements
$53,460,917
Total Revenue per Form 990
$53,460,917
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$48,520,107
Salaries, Compensation, and Employee Benefits$1,723,074
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$3,951,736
Depreciation Depletion---$3,837,822
Benefits to Members---$3,217,736
All Other Expenses---$1,665,364
Other Expenses---$1,437,236
Other Salaries and Wages---$1,173,459
Current Officers, Directors, Trustees, and Key Employees---$549,615
Office Expenses---$456,182
Total Functional Expenses$0$0$0$53,460,917

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$56,678,653
Expenses per Audited Statements$53,460,917
Total Expenses per Form 990$53,460,917
Expenses Not Reported on Form 990$3,217,736
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Deferred Credits$3,004,279
Consumer Deposits$2,285,351
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

The cooperative has members as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 7A

The cooperative has members who elect members of the governing body as provided for in its bylaws which are included as a part of this return.

Form 990, Page 6, Part VI, Line 7B

The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the board with all supporting documentation made available to them.

Form 990, Page 6, Part VI, Line 12C

The cooperative regularly and consistently monitors and enforces compliance with their conflict of interest policy as provided for in its policy which is included as a part of this return.

Form 990, Page 6, Part VI, Line 15A

Compensation for the ceo is reviewed and approved through the use of a compensation survey and a performance review conducted by a compensation committee with final approval from the member-elected board.

Form 990, Page 6, Part VI, Line 15B

Compensation for key employees is reviewed and approved through the use of a performance review conducted by the ceo.

Form 990, Page 6, Part VI, Line 19

The cooperative makes its bylaws, conflict of interest policy, and financial statements available to the public as part of its form 990. The form 990 is available upon request as reflected in part vi section c line 18.

Filing and Contact Details

Filer

Filer Name
Washington Electric Membership
EIN
58-0478785
Phone
4785522577
Address
258 NORTH HARRIS STREET PO BOX 598, SANDERSVILLE, GA 31082

Signing Officer

Name
Wendy H Sellers
Title
President & CEO
Phone
4785522577
Signed
2025-05-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wendy H Sellers
Formed
1937
Legal Domicile
Ga
Voting Board Members
7
Independent Board Members
7
Employees
67

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
H Terrell Mcmichael Jr
Phone
4787466277
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

Donated capital 217,852 patronage capital 3,217,736 retirement of patronage capital -1,225,791 memberships -231 total 2,209,566

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 2D

Patronage capital credit allocation 3,217,736

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IRS990/Form990PartVIISectionAGrp/TitleTxt1SECRETARY/TR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP OF FINANC
IRS990/Form990PartVIISectionAGrp/TitleTxt9COO
IRS990/Form990PartVIISectionAGrp/TitleTxt10VP INFORMATI
IRS990/Form990PartVIISectionAGrp/TitleTxt11ENGINEERING
IRS990/Form990PartVIISectionAGrp/TitleTxt12LINE FOREMAN
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CONSUMER DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PATRONAGE CAPITAL CREDIT ALLOCATION 3,217,736
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 2D
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