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Nonprofiteer
← TALLAHATCHIE VALLEY ELECTRIC POWER ASSOCIATION

Form 990 for tax year 2024

Filed by TALLAHATCHIE VALLEY ELECTRIC POWER ASSOCIATION.

Totals

Total revenue
$87,402,475
Total expenses
$87,402,475
Contributions and grants received
$0
Grants paid
$10,000
Program service revenue
$79,230,727
Investment income
$289,730
Other revenue
$7,882,018
Total assets, end of year
$196,293,658
Total liabilities, end of year
$79,226,823
Net assets or fund balances, end of year
$117,066,835
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 $79,139,818 · related or exempt $79,139,818

  • 2b · Program service revenue: Patronage dividends

    total $90,909 · related or exempt $90,909

  • 3 · Investment income

    total $289,730 · unrelated business $92,359 · excluded $197,371

  • 6a · Gross rents

    personal property $7,123,393

  • 6b · Less rental expenses

    personal property $0

  • 6c · Rental income or loss

    personal property $7,123,393

  • 6d · Net rental income or loss

    total $7,123,393 · unrelated business $4,108,342 · excluded $3,015,051

  • 11a · Other revenue: Gain from subsidiary

    total $749,593 · related or exempt $749,593

  • 11b · Other revenue: Other nonoperating inc

    total $9,032 · related or exempt $9,032

  • 11e · Other revenue, total

    $758,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $10,000

  • 4 · Benefits paid to or for members

    total $6,731,494

  • 5 · Compensation of officers, directors and key employees

    total $1,029,362

  • 20 · Interest

    total $2,422,808

  • 22 · Depreciation, depletion and amortization

    total $8,774,112

  • 24a · Other expenses: Cost of power

    total $55,330,343

  • 24b · Other expenses: Distribution - Operatio

    total $5,138,363

  • 24c · Other expenses: Distribution - Maintena

    total $2,722,563

  • 24d · Other expenses: Administrative & genera

    total $2,567,163

  • 24e · All other expenses

    total $2,676,267

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,211,837 · end of year $7,340,276

  • 4 · Accounts receivable

    beginning of year $8,168,118 · end of year $7,504,127

  • 7 · Other notes and loans receivable

    beginning of year $5,400 · end of year $31

  • 8 · Inventories for sale or use

    beginning of year $3,206,276 · end of year $3,096,262

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,159,158 · end of year $5,260,597

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

    $246,719,789

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

    $77,988,700

  • 10c · Land, buildings and equipment, net

    beginning of year $167,800,021 · end of year $168,731,089

  • 13 · Investments: program-related

    beginning of year $756,831 · end of year $1,550,160

  • 15 · Other assets

    beginning of year $3,240,331 · end of year $2,811,116

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,325,559 · end of year $10,146,422

  • 23 · Secured mortgages and notes payable

    beginning of year $66,883,412 · end of year $62,607,963

  • 25 · Other liabilities

    beginning of year $7,156,389 · end of year $6,472,438

  • 29 · Capital stock, trust principal or current funds

    beginning of year $591,029 · end of year $610,795

  • 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 $109,591,583 · end of year $116,456,040

Mission and programs · 2024

Mission

Tallahatchie Valley Electric Power Association is in the electric power distribution business primarily in order to provide quality service at the lowest possible rate. As a not-for-profit distributor of electricity generated by the Tennessee Valley Authority, TVEPA serves our member-owners, not profits.

Activities or mission (Part I)

Tallahatchie Valley Electric Power Association is an electric cooperative that provides electric service to residential, commercial, and industrial customers in nine north Mississippi counties.

  • Tallahatchie Valley Electric Power Association served over 27,000 members in a region of North Mississippi that includes portions of nine counties, making us one of the largest electric power associations in Mississippi.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Gene Standridge

    Director/Secretary

    Total calculated
    $16,347
    From this org
    $16,347
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Charles Davis

    Director

    Total calculated
    $16,147
    From this org
    $16,147
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • HB House

    Director/Vice President

    Total calculated
    $15,460
    From this org
    $15,460
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Jeff Herron

    Director

    Total calculated
    $17,500
    From this org
    $17,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Kim Hollowell

    Director

    Total calculated
    $16,780
    From this org
    $16,780
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sheila Melton

    Director

    Total calculated
    $16,827
    From this org
    $16,827
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Robert Chapman

    Director

    Total calculated
    $16,268
    From this org
    $16,268
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Will Hays

    Director/President

    Total calculated
    $16,697
    From this org
    $16,697
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Tracy Aiken

    Director

    Total calculated
    $16,663
    From this org
    $16,663
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Brad Robison

    General Manager/CEO

    Total calculated
    $605,096
    From this org
    $487,117
    From related orgs
    $0
    Other
    $117,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $487,117
    Bonus
    $0
    Other
    $0
    Deferred
    $94,905
    Nontaxable benefits
    $23,074
    Filer's total
    $605,096

  • Angela Hall

    Chief Financial Officer

    Total calculated
    $280,212
    From this org
    $220,731
    From related orgs
    $0
    Other
    $59,481
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,731
    Bonus
    $0
    Other
    $0
    Deferred
    $47,658
    Nontaxable benefits
    $11,823
    Filer's total
    $280,212

  • Jamie Barnett

    Director of Operations

    Total calculated
    $274,926
    From this org
    $211,993
    From related orgs
    $0
    Other
    $62,933
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $211,993
    Bonus
    $0
    Other
    $0
    Deferred
    $45,503
    Nontaxable benefits
    $17,430
    Filer's total
    $274,926

  • Kerry Davis

    Director of Engineering

    Total calculated
    $284,466
    From this org
    $221,849
    From related orgs
    $0
    Other
    $62,617
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,849
    Bonus
    $0
    Other
    $0
    Deferred
    $47,051
    Nontaxable benefits
    $15,566
    Filer's total
    $284,466

  • Chris Sullivan

    Director of Information Te

    Total calculated
    $256,407
    From this org
    $192,499
    From related orgs
    $0
    Other
    $63,908
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $192,499
    Bonus
    $0
    Other
    $0
    Deferred
    $43,610
    Nontaxable benefits
    $20,298
    Filer's total
    $256,407

  • Earl Gibson

    Director of Member Service

    Total calculated
    $265,380
    From this org
    $201,153
    From related orgs
    $0
    Other
    $64,227
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,153
    Bonus
    $0
    Other
    $0
    Deferred
    $43,626
    Nontaxable benefits
    $20,601
    Filer's total
    $265,380

  • Daniel Watson

    Director of Telecom

    Total calculated
    $270,596
    From this org
    $206,205
    From related orgs
    $0
    Other
    $64,391
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $206,205
    Bonus
    $0
    Other
    $0
    Deferred
    $46,918
    Nontaxable benefits
    $17,473
    Filer's total
    $270,596

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

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.

  • Serviceplus Energy Corp

    C · Investments · MS · 100% owned · share of assets $3,087 · controlled entity

    Directly controlled by Tallahatchie Valley EPA

  • Tallahatchie Valley Internet Services LLC

    C · Internet Services · MS · 100% owned · share of income $13,089,138 · share of assets $4,832,633 · controlled entity

    Directly controlled by Tallahatchie Valley EPA

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.5
Source object
202621319349302397

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