#476 of 500 · Member & Benefit Funds

Greystone Power Corporation An Electric Membership Corporation

EIN 58-0224655 · GA · NTEE n/a · Form 990, fiscal 2023

A member-owned, not-for-profit electric membership cooperative headquartered in Douglasville, Georgia. Founded in 1936 (originally the Farmers Electrical Association), it distributes electricity to more than 155,000 meters across roughly 7,700 miles of line in portions of eight west-metro Atlanta counties, including Douglas, Paulding, Fulton, Coweta, Cobb, Fayette, Carroll, and Bartow. It aims to provide reliable electric service at the lowest possible rates to its member-owners.

Financials, fiscal 2023

Revenue

$335.8M

Expenses

$334.7M

Total assets

$740.6M

Net assets

$305.2M

Operating margin

0.3%

1-year growth

-0.5%

5-year growth (CAGR)

3.4%

Reserve (years of spending)

10.9

Contributions share

n/a

Programme spending

98.6%

Fundraising cost

n/a

Executive pay share

0.39%

Employees

313

Revenue per employee

$1.1M

Grants paid

n/a

Years filing

85

NFP Health Score: 67 / 100

Financial 54 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

Making life better in the communities we serve.

Revenue history