DIXIE ELECTRIC POWER ASSOCIATION

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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

RALPH R SMITH

Phone

6014252535

Tax Period

2024-01-01 to 2024-12-31

DIXIE ELECTRIC POWER ASSOCIATION, founded in 1938, is a major nonprofit that reported $138.6M in total revenue in fiscal year 2024.

Mission

DIXIE ELECTRIC POWER ASSN. STRIVES TO: 1)PROVIDE AN EFFICIENT ELECTRICAL SYSTEM 2)SUPPORT THE COMMUNITY THROUGH LOCAL ACTIVITIES AND ENCOURAGE ECONOMIC GROWTH 3)OFFER A PRODUCTIVE WORK ENVIRONMENT FOR ITS EMPLOYEES 4)CONTINUE TO MEET THE EVER CHANGING NEEDS OF ITS MEMBERS THROUGH TECHNOLOGICAL ADVANCES.

Program Service Accomplishments

Program 1

Expenses: $139,038,781

RURAL ELECTRIC DISTRIBUTION COOPERATIVE THAT FURNISHED ELECTRIC SERVICE TO 41,484 ACCOUNTS AS OF 12/31/24

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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 $132,191,060

Investment Income $1,094,481

Other Revenue $5,303,617

TOTAL REVENUE $138,589,158

Expense Breakdown

Grants Paid $58,558

Salaries & Benefits $11,789,723

Fundraising Expenses $0

Program Expenses $139,038,781

Other Expenses $116,635,510

TOTAL EXPENSES $139,038,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$138,589,158	$128,490,396	+0.1%
Expenses	$139,038,781	$131,123,668	+0.1%
Net Income	$-449,623	$-2,633,272	-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

137

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

$46,929

Total Directors

$62,112

Key Employees

$1,272,289

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RALPH R SMITH	GENERAL MANA	40.00	Key Emp	$339,713	$246,669	$586,382
AARON ZUMWALT	ADMIN & FINA	40.00	Key Emp	$187,165	$52,444	$239,609
JAMES GRANTHAM	IT MANAGER	40.00	Key Emp	$178,395	$54,642	$233,037
JEREMY MCANDREW	SYSTEM ENGIN	40.00	Key Emp	$167,654	$45,607	$213,261
ROBERT SMITH	PRESIDENT	1.00	Officer	$20,659	$0	$20,659
DALE MCKEE	DIRECTOR	1.00	Director	$20,122	$0	$20,122
SEARS WARD	ALT. SECRETA	1.00	Director	$17,851	$0	$17,851
LINDA BONNER	SECRETARY-TR	1.00	Officer	$13,479	$0	$13,479
STAN PICKERING	DIRECTOR	1.00	Director	$13,327	$0	$13,327
ALLEN SLEDGE	VICE-PRESIDE	1.00	Officer	$12,791	$0	$12,791
VICKIE COOLEY	DIRECTOR	1.00	Director	$10,812	$0	$10,812

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	$138,589,158	$139,038,781	$373,688,768	$-449,623
2023	$128,490,396	$131,123,668	$349,976,068	$-2,633,272
2022	$116,271,239	$119,722,337	$327,484,879	$-3,451,098
2021	$96,509,999	$98,852,967	$277,061,319	$-2,342,968
2020	$91,688,371	$91,688,371	$230,493,381	No data
2019	$98,151,293	$98,151,293	$207,653,220	No data