NATCHEZ TRACE ELECTRIC POWER ASSOCIATION (EIN 640211938) - 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

1939

Legal Domicile

Principal Officer

SHAWN EDMONDSON

Phone

6624563037

Tax Period

2024-07-01 to 2025-06-30

NATCHEZ TRACE ELECTRIC POWER ASSOCIATION, founded in 1939, is a mid-sized nonprofit that reported $45.7M in total revenue in fiscal year 2024. Expenses of $43.4M left a modest 5% surplus.

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

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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 $43,318,071

Investment Income $460,078

Other Revenue $1,890,666

TOTAL REVENUE $45,668,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,532,892

Fundraising Expenses $0

Other Expenses $36,990,297

TOTAL EXPENSES $43,440,167

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,668,815	$42,913,936	+0.1%
Expenses	$43,440,167	$41,120,005	+0.1%
Net Income	$2,228,648	$1,793,931	+0.2%

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

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

$479,726

Total Directors

$91,750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE WADE	PRESIDENT	2.00	Officer Director	$11,600	$0	$11,600
JIMMY BALL	VICE PRESIDENT	2.00	Officer Director	$9,900	$0	$9,900
TERRY WILLS	DIRECTOR	2.00	Director	$9,900	$0	$9,900
DANNY ELLISON	DIRECTOR	2.00	Director	$9,900	$0	$9,900
SHEILA FREELY	DIRECTOR	2.00	Director	$10,650	$0	$10,650
JACQUELINE STRONG	DIRECTOR	2.00	Director	$10,650	$0	$10,650
ROBERT HARRINGTON	DIRECTOR	2.00	Director	$9,900	$0	$9,900
JOE HAYS	SECRETARY	2.00	Officer Director	$11,000	$0	$11,000
JAMIE EARP	DIRECTOR (JUN-DEC)	2.00	Director	$5,775	$0	$5,775
KENNETH LINTON	DIRECTOR (OCT-DEC)	2.00	Director	$2,475	$0	$2,475
SHAWN EDMONDSON	CHIEF EXECUTIVE OFFICER	55.00	Officer	$211,658	$47,118	$258,776
MILLER DENDY	CHIEF FINANCIAL OFFICER	50.00	Officer	$151,950	$36,500	$188,450
JAMES M HODGES	SYSTEM ENGINEER	55.00	Highest	$127,684	$27,874	$155,558
DARYL B LOVE	DISTRICT MANAGER	50.00	Highest	$121,386	$29,541	$150,927
ALEX BRAY	LINEMAN	52.00	Highest	$116,218	$22,358	$138,576
KEITH MORGAN	FOREMAN	50.00	Highest	$115,652	$26,063	$141,715
BRIAN CRUMP	SAFETY COORDINATOR	50.00	Highest	$115,248	$27,712	$142,960

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	$45,668,815	$43,440,167	$117,979,640	$2,228,648
2024	$42,913,936	$41,120,005	$115,745,416	$1,793,931
2023	$42,385,821	$40,623,381	$114,135,871	$1,762,440
2022	$39,898,645	$38,251,907	$104,995,468	$1,646,738
2021	$40,802,634	$34,568,338	$90,019,688	$6,234,296
2020	$36,563,195	$33,868,790	$71,610,371	$2,694,405
2019	$38,134,753	$35,524,006	$69,057,888	$2,610,747
2018	$37,819,072	$35,294,289	$64,189,526	$2,524,783

NATCHEZ TRACE ELECTRIC POWER ASSOCIATION