SEQUACHEE VALLEY ELECTRIC COOPERAT… - Form 990 Financial Data

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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

1939

Legal Domicile

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

SVEC IS A SERVICE ORGANIZATION MEETING OUR MEMBER/CUSTOMERS' ENERGY AND COMMUNITY NEEDS.

Program Service Accomplishments

Program 1

RURAL ELECTRICITY DISTRIBUTION TO 39,452 MEMBERS LOCATED PRIMARILY IN THE SOUTHEASTERN TENNESSEE COUNTIES OF BLEDSOE, GRUNDY, MARION, AND SEQUATCHIE, BUT ALSO IN PORTIONS OF VAN BUREN, RHEA...

RURAL ELECTRICITY DISTRIBUTION TO 39,452 MEMBERS LOCATED PRIMARILY IN THE SOUTHEASTERN TENNESSEE COUNTIES OF BLEDSOE, GRUNDY, MARION, AND SEQUATCHIE, BUT ALSO IN PORTIONS OF VAN BUREN, RHEA, CUMBERLAND, FRANKLIN, COFFEE, AND HAMILTON COUNTIES.

Program 2

PROVISION OF BROADBAND INTERNET ACCESS, TV AND TELECOMMUNICATIONS SERVICES VIA FIBER OPTIC NETWORK TO RURAL HOMES AND BUSINESSES LOCATED IN MARION COUNTY, TENNESSEE.

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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%)

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

Governance

Voting Members

Independent Members

Employees

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

$748,357

Total Directors

$92,535

Key Employees

$604,360

Highest Compensated

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

SEQUACHEE VALLEY ELECTRIC COOPERATIVE