PICKWICK ELECTRIC COOPERATIVE

EIN: 620325390

SELMER, TN

Total Revenue
$50,272,164
Total Expenses
$50,261,358
Total Assets
$91,080,390
Net Assets
$50,835,287
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1935
Legal Domicile
TN
Principal Officer
JOHN BOWERS
Phone
7314340611
Tax Period
2023-07-01 to 2024-06-30

PICKWICK ELECTRIC COOPERATIVE, founded in 1935, is a mid-sized nonprofit that reported $50.3M in total revenue in fiscal year 2023.

Mission

TO PROVIDE REASONABLY PRICED ELECTRICITY TO RURAL CONSUMERS IN THE TENNESSEE VALLEY REGION

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $50,079,387
Investment Income $192,777
Other Revenue $0
TOTAL REVENUE $50,272,164

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,569,296
Fundraising Expenses $0
Program Expenses $50,261,358
Other Expenses $41,692,062
TOTAL EXPENSES $50,261,358

Year-over-Year Comparison

2023 2022 Change
Revenue $50,272,164 $51,978,999 0.0%
Expenses $50,261,358 $50,132,691 +0.0%
Net Income $10,806 $1,846,308 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
79
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$280,473
Total Directors
11
$68,250
Key Employees
1
$280,473
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BOWERS PRESIDENT 40
Officer Key Emp Highest
$202,340 $78,133 $280,473
STEVE KING VP OF FINANCE 40
Highest
$151,270 $58,066 $209,336
JOSEPH LAWSON VP OF OPERATIONS 40
Highest
$150,324 $53,497 $203,821
JON HUGHES VP OF ENGINEERING 40
Highest
$142,433 $55,602 $198,035
BRAD HOWELL VP OF HUMAN RESOURCE 40
Highest
$122,686 $49,572 $172,258
SCOTTY ASHE ENGINEERING SERVICES MANAGER 40
Highest
$124,784 $39,767 $164,551
JOHN ROBERTS DIRECTOR 4
Director
$13,250 $0 $13,250
HAROLD FINLEY VICE CHAIRMAN 4
Director
$8,600 $0 $8,600
JERRY MITCHELL DIRECTOR 4
Director
$8,000 $0 $8,000
RONNIE FULLWOOD CHAIRMAN 4
Director
$6,800 $0 $6,800
RONNIE BROOKS DIRECTOR 4
Director
$6,800 $0 $6,800
DWAYNE SMITH DIRECTOR 4
Director
$6,400 $0 $6,400
JOE PRESLEY SECRETARY 4
Director
$5,000 $0 $5,000
RAY ALLISON TREASURER 4
Director
$4,000 $0 $4,000
BILLY SURRATT DIRECTOR 4
Director
$4,000 $0 $4,000
DWIGHT GARNER DIRECTOR 4
Director
$2,800 $0 $2,800
MATTHEW WOOD DIRECTOR 4
Director
$2,600 $0 $2,600
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $50,272,164 $50,261,358 $91,080,390 $10,806
2023 $51,978,999 $50,132,691 $93,115,013 $1,846,308
2022 $47,229,186 $46,203,647 $93,706,292 $1,025,539
2021 $44,467,274 $42,674,217 $91,581,390 $1,793,057
2020 $45,323,595 $43,672,341 $91,099,839 $1,651,254
2019 $46,644,421 $44,848,281 $89,648,900 $1,796,140
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