TENNESSEE VALLEY PUBLIC POWER ASSO… - 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

1950

Legal Domicile

Principal Officer

DOUGLAS J PETERS

Phone

4237566511

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE VALLEY PUBLIC POWER ASSOC INC, founded in 1950, is a mid-sized nonprofit that reported $10.6M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $9.9M left a modest 6% surplus.

Mission

THE PURPOSE OF THE ASSOCIATION IS TO REPRESENT THE COMMON INTERESTS OF ITS MEMBERS TO TVA, TO PROMOTE THE COMMON INTERESTS AND EFFICIENCIES OF ITS MEMBERS AND TO PROMOTE THE PROFESSIONAL DEVELOPOMENT OF ITS MEMBERS' EMPLOYEES.

Program Service Accomplishments

Program 1

THE PRINCIPAL, OR PRIMARY PROGRAM SERVICE IS TO PROVIDE, THROUGH BOTH TVPPA PERSONNEL AND VOLUNTEER EFFORTS OF MUNICIPAL AND COOPERATIVE ELECTRIC SYSTEM MANAGERS WITH TVPPA STAFF SUPPORT, THE...

THE PRINCIPAL, OR PRIMARY PROGRAM SERVICE IS TO PROVIDE, THROUGH BOTH TVPPA PERSONNEL AND VOLUNTEER EFFORTS OF MUNICIPAL AND COOPERATIVE ELECTRIC SYSTEM MANAGERS WITH TVPPA STAFF SUPPORT, THE FOLLOWING: CONSULTATION, ADVICE, AND REPRESENTATION THROUGH EXPERT PROFESSIONAL ASSISTANCE TO THE ASSOCIATION'S MEMBERS IN THEIR ONGOING RELATIONSHIPS WITH TVA WITH RESPECT TO TERMS AND CONDITIONS OF CONTRACTS, RATES, CONSERVATION PROGRAMS, AND OTHER MATTERS TO AID AND FACILITATE THE MUNICIPAL AND COOPERATIVE ELECTRIC MEMBER UTILITIES IN ACHIEVING THEIR OBJECTIVE TO SELL ELECTRIC ENERGY AND POWER TO THE ULTIMATE CONSUMER RATEPAYER AT THE LOWEST FEASIBLE RATE.

Program 2

A SECOND MAJOR ORGANIZATION MEMBER PROGRAM IS THE OFFERING OF EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, TRAINING AND INSTRUCTION TO ADVANCE THE PROFESSIONAL DEVELOPMENT OF EMPLOYEES OF THE...

A SECOND MAJOR ORGANIZATION MEMBER PROGRAM IS THE OFFERING OF EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, TRAINING AND INSTRUCTION TO ADVANCE THE PROFESSIONAL DEVELOPMENT OF EMPLOYEES OF THE ASSOCIATION'S MEMBERS AND OTHERS IN THE INDUSTRY WHOSE OCCUPATIONAL RESPONSIBILITIES ARE IN DISCIPLINES SUCH AS ENGINEERING, OPERATIONS, FINANCE, ACCOUNTING, HUMAN RESOURCES AND MANAGEMENT SERVICES.

Program 3

A THIRD AREA OF THE ASSOCIATION'S PRIMARY ACTIVITIES IS COMMUNICATION IN BOTH WRITTEN AND ELECTRONIC FORM, AS WELL AS IN THE MEDIA, WITH ITS MEMBERS AND THEIR KEY STAFF, PUBLIC OFFICIALS...

A THIRD AREA OF THE ASSOCIATION'S PRIMARY ACTIVITIES IS COMMUNICATION IN BOTH WRITTEN AND ELECTRONIC FORM, AS WELL AS IN THE MEDIA, WITH ITS MEMBERS AND THEIR KEY STAFF, PUBLIC OFFICIALS, POLICYMAKERS AND THE GENERAL PUBLIC WITH REGARD TO THE ACTIVITIES OF MUNICIPAL COOPERATIVE ELECTRIC SYSTEMS IN THE TVA REGION, DEVELOPMENT OF NATIONAL INTEREST AFFECTING THE OPERATIONS OF MUNICIPAL AND COOPERATIVE NONPROFIT ELECTRIC SYSTEMS, TECHNICAL ADVANCES, AND PUBLIC POLICY DEVELOPMENTS AFFECTING THE ELECTRIC ENERGY INDUSTRY, PARTICULARLY IN THE TVA 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,928,503

Program Service Revenue $8,567,134

Investment Income $216,576

Other Revenue $-104,348

TOTAL REVENUE $10,607,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,355,483

Fundraising Expenses $0

Other Expenses $6,588,332

TOTAL EXPENSES $9,943,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,607,865	$8,595,984	+0.2%
Expenses	$9,943,815	$8,688,854	+0.1%
Net Income	$664,050	$-92,870	-8.2%

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

$1,483,452

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WES KELLEY	DIRECTOR	4.00	Officer Director	$0	$0	$0
KEITH CARNAHAN START 523	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
KENNY BAIRD END 523	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
JEFF NEWMAN END 523	DIRECTOR	1.00	Director	$0	$0	$0
LARRY KERNEA END 523	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SKELTON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID WADE END 523	DIRECTOR	2.00	Director	$0	$0	$0
JEFF HURD	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE KITCHENS END 223	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CROSS START 723 END 923	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JAMES SANDLIN	DIRECTOR	1.00	Director	$0	$0	$0
ROB NEELY START 923	SECRETARY/TREASURER	3.00	Officer Director	$0	$0	$0
ALEX SMITH	DIRECTOR	1.00	Director	$0	$0	$0
ALAN GATES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
JARROD BRACKETT START 72023	CHAIRMAN	5.00	Officer Director	$0	$0	$0
RAY HARDIN START 72023	VICE-CHAIRMAN	2.00	Officer Director	$0	$0	$0
TIM SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON LITTLETON	DIRECTOR	1.00	Director	$0	$0	$0
GABE BOLAS STARTED 523	DIRECTOR	1.00	Director	$0	$0	$0
JODY WIGINGTON STARTED 523	DIRECTOR	1.00	Director	$0	$0	$0
KENDALL BEAR STARTED 523	DIRECTOR	1.00	Director	$0	$0	$0
LOYD MUNCEY STARTED 523	DIRECTOR	1.00	Director	$0	$0	$0
STACEY WHITE STARTED 523	DIRECTOR	1.00	Director	$0	$0	$0
TIM CULPEPER STARTED 923	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS J PETERS	PRESIDENT/CEO	50.00	Officer	$355,836	$112,988	$468,824
DANETTE G SCUDDER	EXECUTIVE VICE-PRESIDENT	40.00	Officer	$229,749	$93,099	$322,848
JAMES L SHEFFIELD	VICE-PRESIDENT	40.00	Officer	$173,822	$71,305	$245,127
NATHALIE H STRICKLAND	VICE-PRESIDENT	40.00	Officer	$164,619	$75,143	$239,762
BRADLEY L RAINS	VICE-PRESIDENT	40.00	Officer	$162,961	$43,930	$206,891
BAVARIA A HAMMOCK	DIRECTOR, ACCOUNTING AND F	40.00	Highest	$165,492	$69,181	$234,673
BERNADETTE MARTIN	DIRECTOR-HUMAN RESOURCES	40.00	Highest	$141,250	$50,853	$192,103
DIANA BRYANT	DIRECTOR, CONFERENCES & EVENTS	40.00	Highest	$103,849	$58,521	$162,370
CALEB HALL	DIRECTOR,EDUCATION & TRAINING	40.00	Highest	$136,187	$66,842	$203,029

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
2024	No data	No data	No data	No data
2023	$10,607,865	$9,943,815	$37,075,495	$664,050
2022	$8,595,984	$8,688,854	$35,095,876	$-92,870
2021	$10,938,894	$7,784,055	$38,455,755	$3,154,839
2020	$8,881,262	$7,043,323	$35,949,250	$1,837,939
2019	$11,112,474	$8,489,450	$32,969,674	$2,623,024
2018	$9,121,074	$7,721,914	$29,160,648	$1,399,160

TENNESSEE VALLEY PUBLIC POWER ASSOC INC