Skip to content
Nonprofiteer
← NATCHEZ TRACE ELECTRIC POWER ASSOCIATION

Form 990 for tax year 2024

Filed by NATCHEZ TRACE ELECTRIC POWER ASSOCIATION.

Totals

Total revenue
$45,668,815
Total expenses
$43,440,167
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$43,318,071
Investment income
$460,078
Other revenue
$1,890,666
Total assets, end of year
$117,979,640
Total liabilities, end of year
$46,044,179
Net assets or fund balances, end of year
$71,935,461
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: SALES OF ELECTRICITY

    total $40,255,233 · related or exempt $40,255,233

  • 2b · Program service revenue: LEASE AGREEMENT

    total $2,492,816 · unrelated business $2,492,816

  • 2c · Program service revenue: SERVICE FEES

    total $235,886 · related or exempt $235,886

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $234,752 · related or exempt $234,752

  • 2e · Program service revenue: PATRONAGE DIVIDENDS

    total $99,384 · related or exempt $99,384

  • 3 · Investment income

    total $460,078 · unrelated business $79,619 · excluded $380,459

  • 11a · Other revenue: POLE ATTACHMENT

    total $1,890,666 · excluded $1,890,666

  • 11e · Other revenue, total

    $1,890,666

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $916,978

  • 5 · Compensation of officers, directors and key employees

    total $538,976

  • 7 · Other salaries and wages

    total $3,387,513

  • 8 · Pension plan contributions

    total $513,747

  • 9 · Other employee benefits

    total $797,954

  • 10 · Payroll taxes

    total $294,702

  • 20 · Interest

    total $1,582,388

  • 22 · Depreciation, depletion and amortization

    total $4,675,906

  • 24a · Other expenses: PUCHASED POWER

    total $28,646,178

  • 24b · Other expenses: DISTRIBUTION EXPENSE

    total $1,660,397

  • 24c · Other expenses: TAXES

    total $258,742

  • 24d · Other expenses: ADMIN & GENERAL EXPENSE

    total $135,651

  • 24e · All other expenses

    total $31,035

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $707,922 · end of year $1,109,738

  • 4 · Accounts receivable

    beginning of year $6,888,339 · end of year $6,850,074

  • 8 · Inventories for sale or use

    beginning of year $1,074,289 · end of year $974,839

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,701,640 · end of year $7,400,641

  • 10a · Land, buildings and equipment: cost or other basis

    $151,079,375

  • 10b · Land, buildings and equipment: accumulated depreciation

    $51,009,280

  • 10c · Land, buildings and equipment, net

    beginning of year $98,871,822 · end of year $100,070,095

  • 13 · Investments: program-related

    beginning of year $1,202,844 · end of year $1,280,257

  • 15 · Other assets

    beginning of year $298,560 · end of year $293,996

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,106,591 · end of year $5,610,481

  • 19 · Deferred revenue

    beginning of year $55,204 · end of year $38,883

  • 23 · Secured mortgages and notes payable

    beginning of year $39,200,383 · end of year $36,809,371

  • 25 · Other liabilities

    beginning of year $3,594,477 · end of year $3,585,444

  • 29 · Capital stock, trust principal or current funds

    beginning of year $125,020 · end of year $126,095

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $68,663,741 · end of year $71,809,366

Mission and programs · 2024

Mission

THE MISSION OF NATCHEZ TRACE ELECTRIC POWER ASSOCIATION SHALL BE TO PROVIDE HIGHLY RELIABLE ENERGY SERVICE TO ITS MEMBER-OWNERS AT THE LOWEST COST POSSIBLE, CONSISTENT WITH SOUND BUSINESS PRACTICES.

Activities or mission (Part I)

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

  • SALE OF ELECTRIC POWER TO OUR MEMBERS AT COST ON COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 16,196 CONNECTED MEMBERS AT YEAR END.

As filed on the 2024 return.

Listed in Part VII

  • Mike Wade

    PRESIDENT

    Total calculated
    $11,600
    From this org
    $11,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jimmy Ball

    VICE PRESIDENT

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Terry Wills

    DIRECTOR

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Danny Ellison

    DIRECTOR

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Sheila Freely

    DIRECTOR

    Total calculated
    $10,650
    From this org
    $10,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jacqueline Strong

    DIRECTOR

    Total calculated
    $10,650
    From this org
    $10,650
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Robert Harrington

    DIRECTOR

    Total calculated
    $9,900
    From this org
    $9,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Joe Hays

    SECRETARY

    Total calculated
    $11,000
    From this org
    $11,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jamie Earp

    DIRECTOR (JUN-DEC)

    Total calculated
    $5,775
    From this org
    $5,775
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Kenneth Linton

    DIRECTOR (OCT-DEC)

    Total calculated
    $2,475
    From this org
    $2,475
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Shawn Edmondson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $258,776
    From this org
    $211,658
    From related orgs
    $0
    Other
    $47,118
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $210,533
    Bonus
    $0
    Other
    $1,125
    Deferred
    $40,649
    Nontaxable benefits
    $6,469
    Filer's total
    $258,776

  • Miller Dendy

    CHIEF FINANCIAL OFFICER

    Total calculated
    $188,450
    From this org
    $151,950
    From related orgs
    $0
    Other
    $36,500
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,950
    Bonus
    $0
    Other
    $0
    Deferred
    $30,031
    Nontaxable benefits
    $6,469
    Filer's total
    $188,450

  • James M Hodges

    SYSTEM ENGINEER

    Total calculated
    $155,558
    From this org
    $127,684
    From related orgs
    $0
    Other
    $27,874
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $126,559
    Bonus
    $0
    Other
    $1,125
    Deferred
    $21,420
    Nontaxable benefits
    $6,454
    Filer's total
    $155,558

  • Daryl B Love

    DISTRICT MANAGER

    Total calculated
    $150,927
    From this org
    $121,386
    From related orgs
    $0
    Other
    $29,541
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $120,261
    Bonus
    $0
    Other
    $1,125
    Deferred
    $23,072
    Nontaxable benefits
    $6,469
    Filer's total
    $150,927

  • Alex Bray

    LINEMAN

    Total calculated
    $138,576
    From this org
    $116,218
    From related orgs
    $0
    Other
    $22,358
    Hours/week
    52

  • Keith Morgan

    FOREMAN

    Total calculated
    $141,715
    From this org
    $115,652
    From related orgs
    $0
    Other
    $26,063
    Hours/week
    50

  • Brian Crump

    SAFETY COORDINATOR

    Total calculated
    $142,960
    From this org
    $115,248
    From related orgs
    $0
    Other
    $27,712
    Hours/week
    50

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NT SPARK LLC

    C · ELECTRIC POWER DISTRIBUTOR · MS · 100% owned · share of income $7,156,416 · share of assets $1,520,929 · controlled entity

    Directly controlled by NATCHEZ TRACE ELECTRIC POWER ASSOCIATION

Provenance

Return type
form_990
Tax year
2024
Filed
27 March 2026
IRS schema version
2024v5.5
Source object
202640919349300214

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.