TALLAPOOSA RIVER ELECTRIC COOP INC

EIN: 630205975

LAFAYETTE, AL

Total Revenue
$89,011,052
Total Expenses
$82,251,025
Total Assets
$197,880,142
Net Assets
$156,634,768
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1939
Legal Domicile
AL
Principal Officer
LEWIS WARD
Phone
3348649331
Tax Period
2025-01-01 to 2025-12-31

TALLAPOOSA RIVER ELECTRIC COOP INC, founded in 1939, is a mid-sized nonprofit that reported $89.0M in total revenue in fiscal year 2025. Expenses of $82.3M left a modest 8% surplus.

Mission

TO PROVIDE DEPENDABLE ELECTRIC SERVICE AT THE LOWEST POSSIBLE COST.

Program Service Accomplishments

Program 1

THROUGH APPROXIMATELY 4,205 MILES OF DISTRIBUTION LINES, TALLAPOOSA RIVER ELECTRIC COOPERATIVE PROVIDED 617,125,312 KILOWATT HOURS OF ELECTRIC ENERGY TO ITS MEMBERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,359,604
Investment Income $1,530,148
Other Revenue $121,300
TOTAL REVENUE $89,011,052

Expense Breakdown

Grants Paid $0
Salaries & Benefits $775,205
Fundraising Expenses $0
Other Expenses $78,726,004
TOTAL EXPENSES $82,251,025

Year-over-Year Comparison

2025 2024 Change
Revenue $89,011,052 $84,241,671 +0.1%
Expenses $82,251,025 $77,402,302 +0.1%
Net Income $6,760,027 $6,839,369 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
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
4
$457,938
Total Directors
6
$145,594
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEWIS WARD GENERAL MANA 50.00
Officer
$292,146 $93,126 $385,272
PARKER GOODMAN MGR ENGINEER 40.00
Highest
$179,427 $70,480 $249,907
WANDA ELLIOTT MGR OF CONSU 55.00
Highest
$158,038 $61,438 $219,476
JEFF DODGEN TRUSTEE 5.00
Director
$31,965 $0 $31,965
CB PARKER JR VICE PRESIDE 5.00
Officer Director
$30,869 $0 $30,869
BRUCE BOSWELL SEC/TREAS 6.00
Officer Director
$25,661 $0 $25,661
ANN PARKMAN TRUSTEE 4.00
Director
$22,657 $0 $22,657
PHILLIP BRYANT TRUSTEE 7.00
Director
$18,306 $0 $18,306
JOHN ADCOCK PRESIDENT 6.00
Officer Director
$16,136 $0 $16,136
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 $89,011,052 $82,251,025 $197,880,142 $6,760,027
2024 $84,241,671 $77,402,302 $185,854,726 $6,839,369
2023 $77,402,308 $72,464,862 $177,963,443 $4,937,446
2022 $70,999,867 $70,347,362 $165,911,933 $652,505
2021 $67,226,367 $63,011,397 $158,537,787 $4,214,970
2020 $62,737,764 $59,735,017 $153,212,772 $3,002,747
2019 $64,003,298 $62,696,721 $144,468,779 $1,306,577
2018 $64,163,322 $59,418,568 $141,501,309 $4,744,754
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