Nonprofit · EIN 58-0246393
SAWNEE ELECTRIC MEMBERSHIP CORP
Tax-exempt · CUMMING, GA 30040
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $493,369,740 | $493,369,740 | $0 | $1,091,771,351 | $693,018,620 | $398,752,731 |
| December 31, 2024 | 990 | $448,376,114 | $448,376,114 | $0 | $1,005,732,418 | $639,697,886 | $366,034,532 |
| December 31, 2023 | 990 | $448,226,229 | $448,226,229 | $0 | $977,478,737 | $641,058,001 | $336,420,736 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $486,502,180
- Investment income
- $5,861,040
- Royalties
- $786,820
- Other revenue
- $1,006,520
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $25,020,318
- Compensation of officers, directors and key employees
- $1,574,908
- Salaries, compensation and benefits (total)
- $1,574,908
- Professional fundraising fees
- $0
- Legal fees
- $523,459
- Depreciation
- $27,990,329
Balance sheet and other
- Total assets, start of year
- $1,005,732,418
- Total assets, end of year
- $1,091,771,351
- Total liabilities, end of year
- $693,018,620
- Net assets, end of year
- $398,752,731
- Land, buildings and equipment
- $829,669,295
- Publicly traded securities
- $123,909,000
- Gross unrelated business income
- $218,137
- Gross receipts
- $493,369,740
- Employees
- 421
- Year formed
- 1938
- State of legal domicile
- GA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL A GOODROE | PRESIDENT/CE Officer | 50 | $1,106,422 | $38,206 |
| GARY MAULDIN | COO Highest-paid employee | 50 | $661,864 | $31,892 |
| VIRGINIA ELLIS | CFO Highest-paid employee | 50 | $481,660 | $157,840 |
| CHET D BLACKSTOCK | VP OPERATION Highest-paid employee | 50 | $351,440 | $139,419 |
| BLAKE HOUSE | VP MEMBER SV Highest-paid employee | 50 | $253,820 | $110,903 |
| CARL BADGETT | CIO Highest-paid employee | 50 | $249,212 | $13,601 |
| TIM G HEARD | CHAIRMAN Trustee or director, Officer | 4.46 | $54,122 | $0 |
| GARY G PORTER | VICE CHAIRMA Trustee or director, Officer | 3.99 | $52,122 | $0 |
| ROGER T COKER | SECRETARY/TR Trustee or director, Officer | 3.37 | $50,122 | $0 |
| ADRIAN FLACK | DIRECTOR Trustee or director | 4.26 | $49,332 | $0 |
| DONNA O YOST | DIRECTOR Trustee or director | 3.29 | $47,613 | $0 |
| RODNEY H REESE | DIRECTOR Trustee or director | 3.57 | $47,396 | $0 |
| MARSHALL S MILLWOOD | DIRECTOR Trustee or director | 2.94 | $44,848 | $0 |
| LARRY M EVANS | DIRECTOR Trustee or director | 2.39 | $43,393 | $0 |
| TERRY W MATHIS | DIRECTOR Trustee or director | 2.12 | $41,332 | $0 |
990 for the year ended December 31, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL A GOODROE | PRESIDENT/CE Officer | 50 | $1,076,198 | $37,582 |
| GARY MAULDIN | COO Highest-paid employee | 50 | $613,249 | $30,763 |
| VIRGINIA ELLIS | CFO Highest-paid employee | 50 | $446,017 | $155,923 |
| CHET D BLACKSTOCK | VP OPERATION Highest-paid employee | 50 | $319,510 | $131,896 |
| BLAKE HOUSE | VP MEMBER SV Highest-paid employee | 50 | $233,799 | $105,370 |
| CARL BADGETT | CIO Highest-paid employee | 50 | $260,930 | $22,701 |
| TIM G HEARD | VICE CHAIRMA Trustee or director, Officer | 4.5 | $48,590 | $0 |
| GARY G PORTER | SECRETARY/TR Trustee or director, Officer | 4.36 | $47,359 | $0 |
| ROGER T COKER | CHAIRMAN Trustee or director, Officer | 3.78 | $45,680 | $0 |
| DONNA O YOST | DIRECTOR Trustee or director | 3.44 | $42,471 | $0 |
| LARRY M EVANS | DIRECTOR Trustee or director | 3.12 | $42,148 | $0 |
| RODNEY H REESE | DIRECTOR Trustee or director | 3.36 | $41,666 | $0 |
| TERRY W MATHIS | DIRECTOR Trustee or director | 2.65 | $39,151 | $0 |
| MARSHALL S MILLWOOD | DIRECTOR Trustee or director | 3.22 | $38,794 | $0 |
| ADRIAN FLACK | DIRECTOR Trustee or director | 3.24 | $36,235 | $0 |
| BILL BARNETT | DIRECTOR Trustee or director | 0 | $2,129 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL A GOODROE | PRESIDENT/CE Officer | 50 | $954,664 | $35,829 |
| GARY MAULDIN | COO Highest-paid employee | 50 | $591,910 | $29,434 |
| VIRGINIA ELLIS | CFO Highest-paid employee | 50 | $427,567 | $147,001 |
| CHET D BLACKSTOCK | VP OPERATION Highest-paid employee | 50 | $304,204 | $124,107 |
| DEWAYNE G FARR | VP ENGINEERI Highest-paid employee | 50 | $229,625 | $104,305 |
| CARL BADGETT | CIO Highest-paid employee | 50 | $227,408 | $23,119 |
| TIM G HEARD | VICE CHAIRMA Trustee or director, Officer | 4.56 | $43,809 | $0 |
| GARY G PORTER | SECRETARY/TR Trustee or director, Officer | 4.42 | $43,344 | $0 |
| ROGER T COKER | CHAIRMAN Trustee or director, Officer | 4.18 | $41,329 | $0 |
| RODNEY H REESE | DIRECTOR Trustee or director | 3.5 | $39,259 | $0 |
| MARSHALL S MILLWOOD | DIRECTOR Trustee or director | 3.59 | $39,034 | $0 |
| DONNA O YOST | DIRECTOR Trustee or director | 3.14 | $38,119 | $0 |
| BILL BARNETT | DIRECTOR Trustee or director | 3.21 | $37,266 | $0 |
| LARRY M EVANS | DIRECTOR Trustee or director | 2.2 | $34,950 | $0 |
| TERRY W MATHIS | DIRECTOR Trustee or director | 2.01 | $33,984 | $0 |
Address and contacts
- Address (IRS master file)
- 543 ATLANTA RD, CUMMING, GA 30040-2701
- Principal officer (990 for 2025)
- MICHAEL A GOODROE, PO BOX 266, CUMMING, GA 30028
- Signed the 990
- MICHAEL A GOODROE, PRESIDENT/CEO
- Phone
- (770) 887-2363
- Website
- WWW.SAWNEE.COOP
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
Mission
TO PROVIDE ELECTRIC SERVICE TO ALL WHO DESIRE IT WITHIN THE SYSTEM'S SERVICE AREA, AS PROVIDED BY GEORGIA LAW, LENDER REQUIREMENTS AND OTHER REGULATORY AND INDUSTRY STANDARDS.
Program accomplishments
- N/A
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 58-0246393
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,091,771,351
- Income (IRS master file)
- $493,369,740
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $493,369,740 | $493,369,740 | $1,091,771,351 | IRS |
| 990 | December 2024 | $448,376,114 | $448,376,114 | $1,005,732,418 | XML |
| 990 | December 2023 | $448,226,229 | $448,226,229 | $977,478,737 | XML |
| 990 | December 2022 | $442,554,450 | $442,554,450 | $939,931,569 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 58-0246393).
Questions about SAWNEE ELECTRIC MEMBERSHIP CORP
- What is the EIN of SAWNEE ELECTRIC MEMBERSHIP CORP?
- The employer identification number (EIN) of SAWNEE ELECTRIC MEMBERSHIP CORP is 58-0246393.
- Is SAWNEE ELECTRIC MEMBERSHIP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1954.
- Are donations to SAWNEE ELECTRIC MEMBERSHIP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SAWNEE ELECTRIC MEMBERSHIP CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAWNEE ELECTRIC MEMBERSHIP CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAWNEE ELECTRIC MEMBERSHIP CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SAWNEE ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 names MICHAEL A GOODROE.
- Who are the officers and directors of SAWNEE ELECTRIC MEMBERSHIP CORP?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $1,106,422 (MICHAEL A GOODROE, PRESIDENT/CE).
- How much revenue does SAWNEE ELECTRIC MEMBERSHIP CORP have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $493,369,740, expenses of $493,369,740 and total assets of $1,091,771,351 at year end.
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