2025-11-14T09:15:07-05:00 2024-12-31 581094351 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC POST OFFICE BOX ONE MACON GA 312020001 990 2024-01-01 580477163 WALTON ELECTRIC MEMBERSHIP CORPORATION WALT 7702672505 PO BOX 260 MONROE GA 30655 DARELENE BUTLER VP OF FINANCE 7702672505 2025-11-13 true true H TERRELL MCMICHAEL JR P01259982 4787466277 2025-11-14 2024 2025-03-06 01:10:19Z RONALD T MARSHALL PO BOX 260 MONROE GA 30655 420877567 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 9 288 2582031 1128596 0 392326605 415857199 791280 2438337 2420568 2582031 395538453 420877567 0 44509380 33356159 1566553 1178743 0 0 349462520 386342665 395538453 420877567 0 639137537 646919210 375683336 368140121 263454201 278779089 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 420877567 N/A 420877567 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 30 0 true 288 true true true false false false false 414186721 1828886 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 MICHAEL Q LOWDER CHAIRMAN 5.00 X X 34440 0 0 JASON SIDWELL VICE CHAIRMA 5.00 X X 30887 0 0 BILLY RAY ALLEN SEC-TREASURE 5.00 X X 31855 0 0 DAWN TAYLOR DIRECTOR 5.00 X 30175 0 0 DANIEL J CHELKO DIRECTOR 5.00 X 30755 0 0 SAMMY SIMONTON DIRECTOR 5.00 X 31105 0 0 THOMAS H ADCOCK JR DIRECTOR 5.00 X 30055 0 0 WAYNE LESTER DIRECTOR 5.00 X 17550 0 0 STAN PITTS DIRECTOR 5.00 X 31350 0 0 JIM WHITLEY DIRECTOR 5.00 X 13767 0 0 RONALD T MARSHALL PRES & CEO 50.00 X 727890 0 168915 RUSSELL A DELONG SR VP CORPOR 50.00 X 442252 0 106688 JAMES M BOTTONE VP ENERGY & 50.00 X 358895 0 94855 TIMOTHY MORRIS VP ENG & OPS 50.00 X 359863 0 43911 MARSHA SHUMATE CFO/SR. VP F 50.00 X 442405 0 106866 HUDSON KINGERY SR. VP - POW 50.00 X 328994 0 142309 2942238 663544 125 false true false AUTRY HALL & COOK LLP 2100 EAST EXCHANGE PLACE SUITE 210 TUCKER GA 30084 LEGAL 309302 PBAC CONSULTING 4022 MT CARMEL CHURCH RD MONROE GA 30655 CONSULTING 154193 MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC PO BOX 1 MACON GA 31202 ACCOUNTING SERV 149487 3 ELECTRIC REVENUE 221000 404196271 404196271 G & T CAPITAL CREDITS 221000 8575083 8575083 POLE RENTAL REVENUE 221000 3085845 3085845 415857199 2438337 925321 1513016 EMC SECURITY 900099 2582031 2582031 2582031 420877567 413696675 2582031 4598861 33356159 1178743 369309 8525440 18177685 PURCHASED POWER 310074801 DISTRIBUTION MAINTENANCE 17815229 ADMIN. & GENERAL EXP. 11302016 DISTRIBUTION OPERATIONS 11202566 8875619 420877567 0 0 0 4487239 3618700 37314688 16566274 40295516 37473276 17404 21794 5996172 7501544 25419666 25627753 595061901 234677007 338282010 360384894 40487224 39760215 146798952 155930741 38666 34019 639137537 646919210 72621958 50667704 174246111 190808179 128815267 126664238 375683336 368140121 X 948550 942341 262505651 277836748 263454201 278779089 639137537 646919210 X 0 15324888 X false true X true false 1303842 1303842 593758059 234677007 359081052 360384894 PATRONAGE CAPITAL IN ASSOCIATE 145254334 C INVESTMENT IN CFC CTCS 6498904 C OTHER INVESTMENT-ASSOC. ORG. 4169827 C OTHER INVESTMENTS-ERC LOANS 7676 C 155930741 ACCUM PROV FOR PENSION & BENEFITS 53634718 OTHER REGULATORY LIABILITIES 45000000 CONSTRUCTION PERFORMANCE DEPOSITS 16566274 CONSUMER DEPOSITS 11139556 DEFERRED CREDIT-UNCLAIMED MEMBERSH.. 314385 DEFERRED CREDIT-UNCLAIMED A/P 9305 126664238 X X X X false false false RONALD T MARSHALL PRES & CEO 637243 24600 66047 165431 3484 896805 RUSSELL A DELONG SR VP CORPORATE SERV 371704 24600 45948 103684 3004 548940 JAMES M BOTTONE VP ENERGY & AFFAIRS 318751 24600 15544 91371 3484 453750 TIMOTHY MORRIS VP ENG & OPS 301915 24600 33348 40907 3004 403774 MARSHA SHUMATE CFO/SR. VP FINANCE 370406 24600 47399 103382 3484 549271 HUDSON KINGERY SR. VP - POWER SUPPL 268253 24600 36141 139879 2430 471303 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 PENSION PLAN EQUITY ADJUSTMENT (FAS 15) 386,605 PATRONAGE CAPITAL CREDITS ESTIMATED ADJUSTMENTS 67,851 PERMANENT CAPITAL - OPC MARGINS 488,054 PATRONAGE CAPITAL ASSIGNMENT 33,356,159 RETIRED CAPITAL GAINS 2,208,862 OTHER EQUITIES AND MARGINS 440,863 MEMBERSHIPS -6,209 PATRONAGE CAPITAL RETIREMENTS -9,754,529 ASC 980 - DEFERRED REVENUE -10,000,000 MEDICAL PLAN EQUITY ADJUSTMENT (FAS 158) -861,897 OTHER -1,000,871 TOTAL 15,324,888 WALTON BAINBRIDGE LLC 1695 MARTIN LUTHER KING JR DRIVE BAINBRIDGE GA 39817 811347542 GENERATION GA 217790 2276873 YES WALTON DISCOVER LLC 230 LEE ROAD 315 SMITHS STATION AL 36877 811355808 GENERATION GA 418714 3471642 YES WALTON ELECTRIC TRUST INC PO BOX 260 MONROE GA 306550260 582351746 CHARITY GA 3 7 NA false WALTON ENERGY INC 842 US HIGHWAY 78 NW MONROE GA 30655 331013753 NATURAL GA GA YES C CORP 1663856 42968167 false false false false true false false false false false false false false false false true false true false false WALTON ENERGY INC O 4777493 COST (PSC APPROVED ALLOC) WALTON ENERGY INC Q 1733593 COST (PSC APPROVED ALLOC) WALTON ELECTRIC TRUST INC O 68671 FMV WALTON ELECTRIC TRUST INC B 935023 FMV SCHEDULE R THE CORPORATION'S MEMBERS CAN PARTICIPATE IN AN OPERATION ROUNDUP PROGRAM AND HAVE THEIR ELECTRIC BILL ROUNDED TO THE NEXT HIGHEST WHOLE DOLLAR EACH MONTH. THESE FUNDS ARE TREATED AS CONTRIBUTIONS TO WALTON ELECTRIC TRUST, INC. (THE TRUST), A NONPROFIT 501(C)(3) ORGANIZATION. THE TRUST MAINTAINS A SEPARATE BOARD OF DIRECTORS WHICH APPROVES CHARITABLE ASSISTANCE TO THE AREAS SERVED BY WALTON ELECTRIC MEMBERSHIP CORPORATION. THE TRUST HAS NO EMPLOYEES. THE TRANSACTIONS BETWEEN THE CORPORATION AND THE TRUST REPORTED ON SCHEDULE R, PART V REPRESENT THE VALUE OF THE SERVICES DONATED BY THE CORPORATION TO THE TRUST.