SEQUACHEE VALLEY ELECTRIC COOPERATIVE

EIN: 620352367

SOUTH PITTSBURG, TN

Total Revenue
$121,157,075
Total Expenses
$113,066,623
Total Assets
$195,168,121
Net Assets
$124,872,020
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
TN
Principal Officer
MICHAEL JORDAN
Phone
4238378605
Tax Period
2024-07-01 to 2025-06-30

SEQUACHEE VALLEY ELECTRIC COOPERATIVE, founded in 1939, is a major nonprofit that reported $121.2M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $113.1M left a modest 7% surplus.

Mission

OUR MISSION IS TO PROVIDE SALES OF ELECTRICITY TO MEMBERS AND PROVIDE OUR MEMBERS A MONTHLY MAGAZINE AND NEWSLETTER.

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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 (2024)

Revenue Breakdown

Contributions & Grants $64,989
Program Service Revenue $120,246,546
Investment Income $696,153
Other Revenue $149,387
TOTAL REVENUE $121,157,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,784,060
Fundraising Expenses $0
Other Expenses $100,282,563
TOTAL EXPENSES $113,066,623

Year-over-Year Comparison

2024 2023 Change
Revenue $121,157,075 $112,012,967 +0.1%
Expenses $113,066,623 $104,899,096 +0.1%
Net Income $8,090,452 $7,113,871 +0.1%
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
11
Independent Members
11
Employees
89
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
5
$748,357
Total Directors
11
$92,535
Key Employees
2
$604,360
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL JORDAN BOARD CHAIRM 1.00
Officer Director
$11,025 $0 $11,025
ROGER POWELL VICE-CHAIRMA 4.00
Officer Director
$7,095 $0 $7,095
JUDY FULTS SECRETARY/TR 6.00
Officer Director
$8,900 $0 $8,900
WILLIAM GASTON DIRECTOR 6.00
Director
$9,810 $0 $9,810
JERRY DON THOMAS DIRECTOR 3.00
Director
$9,045 $0 $9,045
BOBBY GRAVITT JR DIRECTOR 5.00
Director
$8,690 $0 $8,690
DANIEL DAVENPORT DIRECTOR 0.50
Director
$6,450 $0 $6,450
TRAVIS SMITH DIRECTOR 3.00
Director
$7,740 $0 $7,740
RANDALL GILLIAM DIRECTOR 1.50
Director
$9,045 $0 $9,045
CHARLES R YOUNG DIRECTOR 8.00
Director
$8,160 $0 $8,160
EMILY LANE DIRECTOR 4.00
Director
$6,575 $0 $6,575
TERRY MICHAEL PARTIN PRESIDENT/CE 45.00
Officer
$346,646 $186,911 $533,557
MATTHEW H BREWER VP-ADMIN. SE 45.00
Officer
$150,035 $37,745 $187,780
DANNY KIRKENDOLL VP-ENGINEERI 50.00
Key Emp
$224,707 $131,066 $355,773
SUSAN B DUGGAR VP-CUSTOMER 50.00
Key Emp
$155,009 $93,578 $248,587
ZACHARY B STEWART JOURNEYMAN L 48.00
Highest
$158,536 $17,721 $176,257
WILLIAM F BRADFORD JOURNEYMAN L 49.00
Highest
$156,152 $36,394 $192,546
CHRISTOPHER L BROWN JOURNEYMAN L 52.00
Highest
$169,813 $34,291 $204,104
ADAM BLEVINS JOURNEYMAN L 50.00
Highest
$158,980 $34,528 $193,508
ROBERSON C BRYANT JOURNEYMAN L 47.00
Highest
$163,048 $24,584 $187,632
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 $121,157,075 $113,066,623 $195,168,121 $8,090,452
2024 $112,012,967 $104,899,096 $180,374,420 $7,113,871
2023 $112,585,937 $105,813,126 $171,194,164 $6,772,811
2022 $105,669,415 $96,622,670 $165,775,520 $9,046,745
2021 $97,074,458 $87,679,832 $156,994,323 $9,394,626
2020 $91,563,538 $87,184,694 $150,040,940 $4,378,844
2019 $92,711,202 $89,531,245 $134,666,582 $3,179,957
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