Nonprofit · EIN 58-0477163
WALTON EMC
Tax-exempt · MONROE, GA 30655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $420,877,567 | $420,877,567 | $0 | $646,919,210 | $368,140,121 | $278,779,089 |
| December 31, 2023 | 990 | $395,538,453 | $395,538,453 | $0 | $639,137,537 | $375,683,336 | $263,454,201 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $415,857,199
- Investment income
- $2,438,337
- Other revenue
- $2,582,031
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $33,356,159
- Compensation of officers, directors and key employees
- $1,178,743
- Salaries, compensation and benefits (total)
- $1,178,743
- Professional fundraising fees
- $0
- Depreciation
- $18,177,685
Balance sheet and other
- Total assets, start of year
- $639,137,537
- Total assets, end of year
- $646,919,210
- Total liabilities, end of year
- $368,140,121
- Net assets, end of year
- $278,779,089
- Land, buildings and equipment
- $360,384,894
- Publicly traded securities
- $39,760,215
- Gross unrelated business income
- $2,582,031
- Gross receipts
- $420,877,567
- Employees
- 288
- Year formed
- 1936
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD T MARSHALL | PRES & CEO Officer | 50 | $727,890 | $168,915 |
| MARSHA SHUMATE | CFO/SR. VP F Highest-paid employee | 50 | $442,405 | $106,866 |
| RUSSELL A DELONG | SR VP CORPOR Highest-paid employee | 50 | $442,252 | $106,688 |
| HUDSON KINGERY | SR. VP - POW Highest-paid employee | 50 | $328,994 | $142,309 |
| JAMES M BOTTONE | VP ENERGY & Highest-paid employee | 50 | $358,895 | $94,855 |
| TIMOTHY MORRIS | VP ENG & OPS Highest-paid employee | 50 | $359,863 | $43,911 |
| MICHAEL Q LOWDER | CHAIRMAN Trustee or director, Officer | 5 | $34,440 | $0 |
| BILLY RAY ALLEN | SEC-TREASURE Trustee or director, Officer | 5 | $31,855 | $0 |
| STAN PITTS | DIRECTOR Trustee or director | 5 | $31,350 | $0 |
| SAMMY SIMONTON | DIRECTOR Trustee or director | 5 | $31,105 | $0 |
| JASON SIDWELL | VICE CHAIRMA Trustee or director, Officer | 5 | $30,887 | $0 |
| DANIEL J CHELKO | DIRECTOR Trustee or director | 5 | $30,755 | $0 |
| DAWN TAYLOR | DIRECTOR Trustee or director | 5 | $30,175 | $0 |
| THOMAS H ADCOCK JR | DIRECTOR Trustee or director | 5 | $30,055 | $0 |
| WAYNE LESTER | DIRECTOR Trustee or director | 5 | $17,550 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIM WHITLEY | DIRECTOR Trustee or director | 5 | $13,767 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RONALD T MARSHALL | PRES & CEO ( Officer | 50 | $627,366 | $143,761 |
| D RONNIE LEE | PRES & CEO ( Officer | 50 | $439,776 | $112,335 |
| RUSSELL A DELONG | SR VP CORPOR Highest-paid employee | 50 | $419,872 | $100,465 |
| MARSHA L SHUMATE | CFO/SR VP FI Highest-paid employee | 50 | $411,355 | $100,885 |
| JAMES M BOTTONE | VP ENERGY & Highest-paid employee | 50 | $335,242 | $88,265 |
| TIMOTHY MORRIS | VP ENG & OPS Highest-paid employee | 50 | $344,154 | $42,148 |
| MICHAEL Q LOWDER | VICE CHAIRMA Trustee or director, Officer | 5 | $29,200 | $0 |
| DAWN TAYLOR | CHAIRMAN Trustee or director, Officer | 5 | $28,886 | $0 |
| BILLY RAY ALLEN | SEC-TREASURE Trustee or director, Officer | 5 | $28,266 | $0 |
| SAMMY SIMONTON | DIRECTOR Trustee or director | 5 | $28,216 | $0 |
| JASON SIDWELL | DIRECTOR Trustee or director | 5 | $27,692 | $0 |
| THOMAS H ADCOCK JR | DIRECTOR Trustee or director | 5 | $27,616 | $0 |
| JIM WHITLEY | DIRECTOR Trustee or director | 5 | $27,316 | $0 |
| DANIEL J CHELKO | DIRECTOR Trustee or director | 5 | $20,716 | $0 |
| STAN PITTS | DIRECTOR Trustee or director | 5 | $14,250 | $0 |
| JOHNNY R ALLGOOD | DIRECTOR Trustee or director | 5 | $11,158 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 260, MONROE, GA 30655-0260
- In care of
- % MARSHA L SHUMATE
- Principal officer (990 for 2024)
- RONALD T MARSHALL, PO BOX 260, MONROE, GA 30655
- Signed the 990
- DARELENE BUTLER, VP OF FINANCE
- Phone
- (770) 267-2505
- Website
- WWW.WALTONEMC.COM
- Return prepared by
- MCNAIR MCLEMORE MIDDLEBROOKS & CO LLC
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.
Program accomplishments
- N/AExpenses $420,877,567
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 | Not 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
- 58-0477163
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1938
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $646,919,210
- Income (IRS master file)
- $420,877,567
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $420,877,567 | $420,877,567 | $646,919,210 | XML |
| 990 | December 2023 | $395,538,453 | $395,538,453 | $639,137,537 | XML |
| 990 | December 2022 | $369,406,838 | $375,426,410 | $576,846,629 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 58-0477163).
Questions about WALTON EMC
- What is the EIN of WALTON EMC?
- The employer identification number (EIN) of WALTON EMC is 58-0477163.
- Is WALTON EMC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1938.
- Are donations to WALTON EMC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does WALTON EMC 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 WALTON EMC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did WALTON EMC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of WALTON EMC?
- The 990 for the year ended December 31, 2024 names RONALD T MARSHALL.
- Who are the officers and directors of WALTON EMC?
- The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $727,890 (RONALD T MARSHALL, PRES & CEO).
- How much revenue does WALTON EMC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $420,877,567, expenses of $420,877,567 and total assets of $646,919,210 at year end.
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