2024-11-22T15:46:16-05:00 2023-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2023-01-01 580477163 WALTON ELECTRIC MEMBERSHIP CORPORATION WALT 7702672505 PO BOX 260 MONROE GA 30655 MARSHA L SHUMATE CFO/SR VP FINANCE 7702672505 2024-11-21 true true H TERRELL MCMICHAEL JR P01259982 4787466277 2024-11-22 2023 2024-10-15 13:58:12Z RONALD T MARSHALL PO BOX 260 MONROE GA 30655 395538453 false X WWW.WALTONEMC.COM X 1936 GA 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. 9 9 287 2420568 987316 0 366585320 392326605 854781 791280 1966737 2420568 369406838 395538453 0 44509380 1072158 1566553 0 0 374354252 349462520 375426410 395538453 -6019572 0 576846629 639137537 341926611 375683336 234920018 263454201 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. false false N/A false false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false true true true true false true 25 0 true 287 true true true false false false false 343520917 991858 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false GA X WALTON EMC 7702672505 842 US HWY 78 NW MONROE GA 30655 DAWN TAYLOR CHAIRMAN 5.00 X X 28886 0 0 MICHAEL Q LOWDER VICE CHAIRMA 5.00 X X 29200 0 0 BILLY RAY ALLEN SEC-TREASURE 5.00 X X 28266 0 0 DANIEL J CHELKO DIRECTOR 5.00 X 20716 0 0 SAMMY SIMONTON DIRECTOR 5.00 X 28216 0 0 THOMAS H ADCOCK JR DIRECTOR 5.00 X 27616 0 0 JOHNNY R ALLGOOD DIRECTOR 5.00 X 11158 0 0 JASON SIDWELL DIRECTOR 5.00 X 27692 0 0 JIM WHITLEY DIRECTOR 5.00 X 27316 0 0 STAN PITTS DIRECTOR 5.00 X 14250 0 0 RONALD T MARSHALL PRES & CEO ( 50.00 X 627366 0 143761 D RONNIE LEE PRES & CEO ( 50.00 X 439776 0 112335 MARSHA L SHUMATE CFO/SR VP FI 50.00 X 411355 0 100885 RUSSELL A DELONG SR VP CORPOR 50.00 X 419872 0 100465 JAMES M BOTTONE VP ENERGY & 50.00 X 335242 0 88265 TIMOTHY MORRIS VP ENG & OPS 50.00 X 344154 0 42148 2821081 587859 107 false true false ELECTRIC REVENUE 221000 378593244 378593244 G & T CAPITAL CREDITS 221000 10726663 10726663 POLE RENTAL REVENUE 221000 3006698 3006698 392326605 791280 224461 566819 EMC SECURITY 900099 2420568 2420568 2420568 395538453 389544368 2420568 3573517 44509380 1566553 359518 7298073 17325291 PURCHASED POWER 273508851 DISTRIBUTION MAINTENANCE 18314272 DISTRIBUTION OPERATIONS 13750258 ADMIN. & GENERAL EXP. 9194213 9712044 395538453 0 0 0 5132853 4487239 29066259 37314688 42890231 40295516 23927 17404 4796080 5996172 383633 25419666 561654955 223372945 318720049 338282010 40495006 40487224 135302875 146798952 35716 38666 576846629 639137537 63794178 72621958 157071305 174246111 121061128 128815267 341926611 375683336 X 954865 948550 233965153 262505651 234920018 263454201 576846629 639137537 X 0 28534183 X false true X true false 1303842 1303842 17513685 7690156 9823529 542837428 215682789 327154639 338282010 PATRONAGE CAPITAL IN ASSOCIATED ORGS 135904663 C INVESTMENT IN CFC CTCS 6712662 C OTHER INVESTMENT-ASSOC. ORG. 4169827 C OTHER INVESTMENTS-ENERGY LOANS 11800 C 146798952 ACCUM PROV FOR PENSION & BENEFITS 54408862 OTHER REGULATORY LIABILITIES 35000000 CONSTRUCTION PERFORMANCE DEPOSITS 28715888 CONSUMER DEPOSITS 10402279 DEFERRED CREDIT-UNCLAIMED MEMBERSH.. 278486 DEFERRED CREDIT-UNCLAIMED A/P 9752 128815267 X X X X false false false RONALD T MARSHALL PRES & CEO (CURRENT) 534256 24100 69010 140733 3028 771127 D RONNIE LEE PRES & CEO (RETIRED) 399110 30000 10666 109307 3028 552111 MARSHA L SHUMATE CFO/SR VP FINANCE 349870 24100 37385 97857 3028 512240 RUSSELL A DELONG SR VP CORPORATE SERV 350128 24100 45644 97917 2548 520337 JAMES M BOTTONE VP ENERGY & AFFAIRS 295598 24100 15544 85237 3028 423507 TIMOTHY MORRIS VP ENG & OPS 282320 24100 37734 39600 2548 386302 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 CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO APPROVAL BY MEMBERS AS PROVIDED FOR IN ITS BYLAWS WHICH ARE 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 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 WAGE AND SALARY PLAN ADMINISTERED BY THE CEO AND APPROVED BY THE MEMBER-ELECTED BOARD. 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. FORM 990, PART XI, LINE 9 MEDICAL PLAN EQUITY ADJUSTMENT (FAS 158) 2,408,426 PENSION PLAN EQUITY ADJUSTMENT (FAS 15) 8,965,926 PATRONAGE CAPITAL CREDITS ESTIMATED ADJUSTMENTS 5,809 PERMANENT CAPITAL - OPC MARGINS 426,350 PATRONAGE CAPITAL ASSIGNMENT 44,509,381 RETIRED CAPITAL GAINS 332,608 OTHER EQUITIES AND MARGINS 256,380 MEMBERSHIPS -6,315 PATRONAGE CAPITAL RETIREMENTS -10,364,382 ASC 980 - DEFERRED REVENUE -18,000,000 TOTAL 28,534,183 WALTON BAINBRIDGE LLC 1695 MARTIN LUTHER KING JR DRIVE BAINBRIDGE GA 39817 811347542 GENERATION GA 58213 3156798 YES WALTON DISCOVER LLC 230 LEE ROAD 315 SMITHS STATION AL 36877 811355808 GENERATION GA 195846 4575993 YES WALTON ENERGY INC 842 US HIGHWAY 78 NW MONROE GA 30655 331013753 NATURAL GA GA YES C CORP 1358858 53788261 1.00000 true false false false true false false false false false false false false false false true false true false false WALTON ENERGY INC O 4997858 COST (PSC APPROVED ALLOC) WALTON ENERGY INC Q 1718591 COST (PSC APPROVED ALLOC)