TENNESSEE MUNICIPAL ELECTRIC POWER ASSOCIATION (EIN 620892093) - Form 990 Financial Analysis & Trantor Score

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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

1973

Legal Domicile

Principal Officer

ALLEN ROBBINS

Phone

6153735738

Tax Period

2024-07-01 to 2025-06-30

TENNESSEE MUNICIPAL ELECTRIC POWER ASSOCIATION, founded in 1973, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.7M left a modest 6% surplus.

Mission

THE ORGANIZATION WAS CREATED TO PROMOTE THE INTERESTS AND WELFARE OF TENNESSEE MUNICIPAL ELECTRIC POWER SYSTEMS THROUGH MONITORING LEGISLATION AND POLICIES THAT ENHANCE THE OPERATION AND DEVELOPMENT OF SUCH POWER SYSTEMS.

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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 $0

Program Service Revenue $1,563,216

Investment Income $106,801

Other Revenue $82,533

TOTAL REVENUE $1,752,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,011,755

Fundraising Expenses $0

Program Expenses $1,310,969

Other Expenses $638,795

TOTAL EXPENSES $1,650,550

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,752,550	$1,951,200	-0.1%
Expenses	$1,650,550	$1,503,193	+0.1%
Net Income	$102,000	$448,007	-0.8%

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

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

Total Directors

Key Employees

$532,688

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SOLSBEE	EXECUTIVE DIRECTOR	40.00	Key Emp	$281,918	$45,076	$326,994
JEREMY ELROD	EMPLOYEE	40.00	Key Emp	$164,602	$41,092	$205,694
SUSAN SHERRILL	EMPLOYEE	40.00	Highest	$112,282	$10,032	$122,314
AL KERSTIENS	DIRECTOR	1.00	Director	$0	$0	$0
ALONZO WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
EVANN FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ERIC NEWBERRY	DIRECTOR	1.00	Director	$0	$0	$0
TONY KIRK	DIRECTOR	1.00	Director	$0	$0	$0
RYAN TRENTHAM	DIRECTOR	1.00	Director	$0	$0	$0
ERIN GILL	DIRECTOR	1.00	Director	$0	$0	$0
ALEX SMITH	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE POWELL	DIRECTOR	1.00	Director	$0	$0	$0
VIC PUSSER	SECRETARYTREASURER	2.00	Officer Director	$0	$0	$0
MARK KIMBELL	PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
TERRY WIMBERLEY	VICE CHAIRCHAIR ELECT	2.00	Officer Director	$0	$0	$0
ALLEN ROBBINS	CHAIR	2.00	Officer Director	$0	$0	$0

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	$1,752,550	$1,650,550	$2,873,388	$102,000
2024	$1,951,200	$1,503,193	$3,091,212	$448,007
2023	$1,554,853	$1,312,726	$2,568,821	$242,127
2022	$1,410,985	$1,117,871	$2,305,199	$293,114
2021	$1,013,398	$731,150	$2,127,516	$282,248
2020	$1,125,775	$1,033,355	$1,505,932	$92,420
2019	$1,031,295	$834,897	$1,545,607	$196,398

TENNESSEE MUNICIPAL ELECTRIC POWER ASSOCIATION