Totals
- Total revenue
- $55,758,904
- Total expenses
- $53,932,021
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $55,516,037
- Investment income
- $242,867
- Other revenue
- $0
- Total assets, end of year
- $106,127,034
- Total liabilities, end of year
- $52,196,879
- Net assets or fund balances, end of year
- $53,930,155
- Program services expenses (Part IX)
- $53,932,021
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $53,932,021
Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
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: ELECTRICITY
total $55,516,037 · related or exempt $55,516,037 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $242,867 · related or exempt $242,867 · unrelated business $0 · excluded $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
5 · Royalties
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0 · program services $0
-
2 · Grants to domestic individuals
total $0 · program services $0
-
3 · Grants to foreign organizations and individuals
total $0 · program services $0
-
4 · Benefits paid to or for members
total $0 · program services $0
-
5 · Compensation of officers, directors and key employees
total $1,034,536 · program services $1,034,536 · management and general $0 · fundraising $0
-
6 · Compensation of disqualified persons
total $0 · program services $0 · management and general $0 · fundraising $0
-
7 · Other salaries and wages
total $5,852,392 · program services $5,852,392 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $1,471,928 · program services $1,471,928 · management and general $0 · fundraising $0
-
9 · Other employee benefits
total $800,512 · program services $800,512 · management and general $0 · fundraising $0
-
10 · Payroll taxes
total $523,075 · program services $523,075 · management and general $0 · fundraising $0
-
11a · Fees: management
total $21,175 · program services $21,175 · management and general $0 · fundraising $0
-
11b · Fees: legal
total $20,598 · program services $20,598 · management and general $0 · fundraising $0
-
11c · Fees: accounting
total $29,000 · program services $29,000 · management and general $0 · fundraising $0
-
11d · Fees: lobbying
total $0 · program services $0 · management and general $0 · fundraising $0
-
11e · Fees: professional fundraising services
total $0 · fundraising $0
-
11f · Fees: investment management
total $0 · program services $0 · management and general $0 · fundraising $0
-
11g · Fees: other
total $15,593 · program services $15,593 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $263,443 · program services $263,443 · management and general $0 · fundraising $0
-
13 · Office expenses
total $118,438 · program services $118,438 · management and general $0 · fundraising $0
-
14 · Information technology
total $0 · program services $0 · management and general $0 · fundraising $0
-
15 · Royalties
total $0 · program services $0 · management and general $0 · fundraising $0
-
16 · Occupancy
total $591,386 · program services $591,386 · management and general $0 · fundraising $0
-
17 · Travel
total $0 · program services $0 · management and general $0 · fundraising $0
-
19 · Conferences, conventions and meetings
total $0 · program services $0 · management and general $0 · fundraising $0
-
20 · Interest
total $1,521,116 · program services $1,521,116 · management and general $0 · fundraising $0
-
21 · Payments to affiliates
total $0 · program services $0 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $4,210,265 · program services $4,210,265 · management and general $0 · fundraising $0
-
23 · Insurance
total $304,492 · program services $304,492 · management and general $0 · fundraising $0
-
24a · Other expenses: PURCHASED ELECTRICITY
total $37,154,072 · program services $37,154,072 · management and general $0 · fundraising $0
-
24e · All other expenses
total $0 · program services $0 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $46,731 · end of year $11,533
-
2 · Savings and temporary cash investments
beginning of year $8,117,034 · end of year $8,258,801
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $2,668,366 · end of year $2,706,049
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $1,310,961 · end of year $1,715,644
-
9 · Prepaid expenses and deferred charges
beginning of year $83,017 · end of year $74,095
-
10a · Land, buildings and equipment: cost or other basis
$128,007,592
-
10b · Land, buildings and equipment: accumulated depreciation
$36,053,384
-
10c · Land, buildings and equipment, net
beginning of year $82,507,880 · end of year $91,954,208
-
11 · Investments: publicly traded securities
beginning of year $0
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
14 · Intangible assets
beginning of year $0
-
15 · Other assets
beginning of year $1,483,816 · end of year $1,406,704
-
17 · Accounts payable and accrued expenses
beginning of year $9,927,826 · end of year $9,857,434
-
18 · Grants payable
beginning of year $0
-
19 · Deferred revenue
beginning of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0
-
21 · Escrow or custodial account liability
beginning of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0
-
23 · Secured mortgages and notes payable
beginning of year $34,186,202 · end of year $42,339,445
-
24 · Unsecured notes and loans payable
beginning of year $0
-
29 · Capital stock, trust principal or current funds
beginning of year $84,660 · end of year $84,155
-
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 $52,019,117 · end of year $53,846,000
Mission and programs · 2025
Mission
TO PROVIDE REASONABLY PRICED ELECTRICITY TO RURAL CONSUMERS
Activities or mission (Part I)
TO PROVIDE REASONABLY PRICED ELECTRICITY TO RURAL CONSUMERS IN THE TENNESSEE VALLEY REGION
-
ELECTRICITY DISTRIBUTION
Expenses $53,932,021 · Revenue $55,758,904
As filed on the 2025 return.
Listed in Part VII
-
John S BowersJOHN S BOWERS
PRESIDENT
- Total calculated
- $298,411
- From this org
- $214,462
- From related orgs
- $0
- Other
- $83,949
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $214,462
- Bonus
- $0
- Other
- $0
- Deferred
- $78,725
- Nontaxable benefits
- $5,224
- Filer's total
- $298,411
-
Joseph R LawsonJOSEPH R LAWSON
VP OF OPERATIONS
- Total calculated
- $215,415
- From this org
- $155,606
- From related orgs
- $0
- Other
- $59,809
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $155,606
- Bonus
- $0
- Other
- $0
- Deferred
- $54,585
- Nontaxable benefits
- $5,224
- Filer's total
- $215,415
-
Jonathan B HughesJONATHAN B HUGHES
VP OF ENGINEERING
- Total calculated
- $213,387
- From this org
- $153,578
- From related orgs
- $0
- Other
- $59,809
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,578
- Bonus
- $0
- Other
- $0
- Deferred
- $54,585
- Nontaxable benefits
- $5,224
- Filer's total
- $213,387
-
Brad L HowellBRAD L HOWELL
VP OF HUMAN RESOURCE
- Total calculated
- $188,095
- From this org
- $133,178
- From related orgs
- $0
- Other
- $54,917
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,178
- Bonus
- $0
- Other
- $0
- Deferred
- $49,683
- Nontaxable benefits
- $5,234
- Filer's total
- $188,095
-
Tony C CombsTONY C COMBS
VP OF FINANCE
- Total calculated
- $186,263
- From this org
- $138,104
- From related orgs
- $0
- Other
- $48,159
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,104
- Bonus
- $0
- Other
- $0
- Deferred
- $42,925
- Nontaxable benefits
- $5,234
- Filer's total
- $186,263
-
Scotty J AsheSCOTTY J ASHE
ENGINEERING SERVICES MANAGER
- Total calculated
- $180,911
- From this org
- $133,923
- From related orgs
- $0
- Other
- $46,988
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $133,923
- Bonus
- $0
- Other
- $0
- Deferred
- $41,764
- Nontaxable benefits
- $5,224
- Filer's total
- $180,911
-
Dwight GarnerDWIGHT GARNER
DIRECTOR
- Total calculated
- $9,800
- From this org
- $9,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Harold FinleyHAROLD FINLEY
VICE CHAIRMAN
- Total calculated
- $9,000
- From this org
- $9,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Matthew WoodMATTHEW WOOD
DIRECTOR
- Total calculated
- $9,000
- From this org
- $9,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Jerry MitchellJERRY MITCHELL
DIRECTOR
- Total calculated
- $8,000
- From this org
- $8,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Ronnie BrooksRONNIE BROOKS
DIRECTOR
- Total calculated
- $6,800
- From this org
- $6,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Dwayne SmithDWAYNE SMITH
TREASURER
- Total calculated
- $6,400
- From this org
- $6,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Ronnie FullwoodRONNIE FULLWOOD
CHAIRMAN
- Total calculated
- $6,400
- From this org
- $6,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Joe PresleyJOE PRESLEY
SECRETARY
- Total calculated
- $4,000
- From this org
- $4,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
John RobertsJOHN ROBERTS
DIRECTOR
- Total calculated
- $3,200
- From this org
- $3,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Richard ChildersRICHARD CHILDERS
DIRECTOR
- Total calculated
- $2,200
- From this org
- $2,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 10 September 2026
- IRS schema version
- 2025v4.0
- Source object
- 202632539349301773
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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