EAST MISSISSIPPI ELECTRIC POWER ASSOCIATION (EIN 640150802) - 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

1938

Legal Domicile

Principal Officer

RANDY CARROLL

Phone

6015818600

Tax Period

2023-07-01 to 2024-06-30

EAST MISSISSIPPI ELECTRIC POWER ASSOCIATION, founded in 1938, is a major nonprofit that reported $105.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO DELIVER SERVICES THAT EMPOWER LIVES AND OUR VISION IS BUILDING PATHWAYS FOR COMMUNITY SUCCESS.

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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 $0

Program Service Revenue $91,891,330

Investment Income $701,632

Other Revenue $12,817,467

TOTAL REVENUE $105,410,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,081,897

Fundraising Expenses $0

Other Expenses $83,707,667

TOTAL EXPENSES $105,410,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$105,410,429	$95,947,513	+0.1%
Expenses	$105,410,429	$95,947,513	+0.1%
Net Income	$0	N/A	N/A

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

149

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

$733,127

Total Directors

$257,158

Key Employees

$271,191

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY CARROLL	CHIEF EXECUT	30.00	Officer	$294,856	$86,813	$381,669
KEVIN HEDGPETH	DIRECTOR OF	29.00	Officer	$209,247	$68,453	$277,700
PAT WILLIAMS	DIR OF ENGIN	36.00	Key Emp	$213,834	$57,357	$271,191
BRENT MABRY	DIR. OF SYST	29.00	Highest	$204,870	$65,629	$270,499
BRYCE NESTER	DIR/ENERGY S	40.00	Highest	$190,160	$63,117	$253,277
GARY HUTCHERSON	DIR. OF INFO	40.00	Highest	$173,158	$57,647	$230,805
SHERRY WALLACE	DIRECTOR OF	41.00	Highest	$159,017	$58,904	$217,921
JULIE BOLES	DIR. OF MART	25.00	Highest	$144,546	$55,677	$200,223
MIKE FULLER	DIRECTOR	1.80	Director	$11,325	$22,284	$37,109
BILLY CLAY	DIRECTOR	4.90	Director	$13,633	$22,284	$35,917
JERRY WEBB	DIRECTOR	3.10	Director	$12,102	$22,284	$34,386
CHES BREWER	DIRECTOR	5.50	Director	$11,610	$22,284	$33,894
DAVID SORRELS	DIRECTOR	4.70	Director	$15,129	$10,519	$29,148
CHESTER WILLIS	TREASURER	2.80	Officer Director	$13,334	$10,519	$23,853
LINDSEY KEENE	SECRETARY	4.10	Officer Director	$14,104	$1,158	$18,762
GLORIA WELCH	VICE PRESIDE	2.20	Officer Director	$12,329	$0	$15,829
MIKE KENNEDY	PRESIDENT	2.50	Officer Director	$11,325	$489	$15,314
LARRY PACE	DIRECTOR	6.00	Director	$11,788	$1,158	$12,946

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	$105,410,429	$105,410,429	$305,424,835	No data
2023	$95,947,513	$95,947,513	$300,410,105	No data
2022	$82,434,057	$82,434,057	$245,986,766	No data
2021	$78,399,641	$78,399,641	$181,661,961	No data
2020	$79,838,607	$79,838,607	$156,818,704	No data
2019	$83,206,607	$83,206,607	$155,637,458	No data
2018	$88,008,898	$88,008,898	$150,870,559	No data

EAST MISSISSIPPI ELECTRIC POWER ASSOCIATION