ALCORN COUNTY ELECTRIC POWER ASSOCI

EIN: 640111850

CORINTH, MS

Total Revenue
$23,122,794
Total Expenses
$18,662,463
Total Assets
$117,317,968
Net Assets
$76,816,146
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1934
Legal Domicile
MS
Principal Officer
JAMES ANDREW GALLOWAY
Phone
6622874402
Tax Period
2023-07-01 to 2024-06-30

ALCORN COUNTY ELECTRIC POWER ASSOCI, founded in 1934, is a mid-sized nonprofit that reported $23.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.5M, a strong 19% operating margin.

Mission

PROVIDE ELECTRICITY TO MEMBERS IN THE ALCORN COUNTY, MS AREA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $465,538
Investment Income $576,273
Other Revenue $22,080,983
TOTAL REVENUE $23,122,794

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,124,317
Fundraising Expenses $0
Other Expenses $14,538,146
TOTAL EXPENSES $18,662,463

Year-over-Year Comparison

2023 2022 Change
Revenue $23,122,794 $21,306,636 +0.1%
Expenses $18,662,463 $18,435,950 +0.0%
Net Income $4,460,331 $2,870,686 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
103
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
6
$789,578
Total Directors
5
$7,154
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BOBBY ROBERTS PRESIDENT 2.00
Officer Director
$550 $4,404 $4,954
MARK GARDNER SECRETARY 2.00
Officer Director
$550 $0 $550
J B DARNELL VICE PRESIDE 2.00
Officer Director
$550 $0 $550
BEN FERRELL BOARD MEMBER 2.00
Director
$550 $0 $550
ERIC POWELL BOARD MEMBER 2.00
Director
$550 $0 $550
SEAN MCGRATH CEO 40.00
Officer
$227,392 $84,218 $311,610
JASON GRISHAM COO 40.00
Officer
$214,970 $64,495 $279,465
WALLY EATON OPER SUPERIN 40.00
Highest
$169,655 $50,193 $219,848
TRINT BAGGETT SYSTEM ENGIN 40.00
Highest
$169,745 $54,822 $224,567
SCOTTY MILLS RIGHT OF WAY 40.00
Highest
$150,141 $43,907 $194,048
DON ARNOLD LINE FOREMAN 40.00
Highest
$152,739 $42,534 $195,273
JAMES CARSON DIRECTOR OF 40.00
Highest
$134,340 $44,900 $179,240
JAMES ANDREW GALLOWAY CFO 40.00
Officer
$157,936 $34,513 $192,449
EDDIE HOWARD FORMER CEO N/A
$227,961 $23,026 $250,987
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 No data No data No data No data
2024 $23,122,794 $18,662,463 $117,317,968 $4,460,331
2023 $21,306,636 $18,435,950 $110,907,490 $2,870,686
2022 $19,980,092 $16,599,738 $110,457,816 $3,380,354
2021 $19,179,595 $14,838,007 $107,123,733 $4,341,588
2020 $16,245,049 $15,178,366 $92,865,854 $1,066,683
2019 $16,451,562 $13,960,066 $79,791,190 $2,491,496
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