SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION (EIN 640244325) - 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

1937

Legal Domicile

Principal Officer

KEVIN BONDS

Phone

6014373611

Tax Period

2025-01-01 to 2025-12-31

SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $69.6M in total revenue in fiscal year 2025.

Mission

MEMBER OWNED ELECTRIC COOPERATIVE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $68,185,096

Investment Income $154,312

Other Revenue $1,294,226

TOTAL REVENUE $69,633,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $652,252

Fundraising Expenses $0

Other Expenses $67,822,396

TOTAL EXPENSES $69,633,634

Year-over-Year Comparison

	2025	2024	Change
Revenue	$69,633,634	$65,708,431	+0.1%
Expenses	$69,633,634	$65,708,431	+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

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

$621,116

Total Directors

$75,543

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BONDS	CEO	40.00	Officer	$339,953	$79,516	$419,469
WILLIAM NEWELL	SERVICEMAN	40.00	Highest	$174,290	$39,861	$214,151
DARRYL HASSELL	MGR OF ENGIN	40.00	Highest	$156,618	$43,879	$200,497
THOMAS J FLOYD	CREW LEADER	40.00	Highest	$158,568	$39,568	$198,136
KEVIN COTTEN	MGR. OF OPER	40.00	Highest	$141,475	$47,176	$188,651
VIRGIL SCOTT	MGR OF ACCOU	40.00	Officer	$134,861	$30,530	$165,391
MICHAEL JOHNSON	CREW LEADER	40.00	Highest	$138,065	$25,305	$163,370
STANLEY RUCKER	PRESIDENT	6.00	Officer Director	$13,500	$300	$13,800
PAUL ARNOLD	DIRECTOR	5.00	Director	$7,800	$352	$8,152
MARK PHILLIP MAHER	DIRECTOR	5.00	Director	$7,800	$352	$8,152
RANDY WOOLEY	VICE PRESIDE	4.50	Officer Director	$7,500	$352	$7,852
JOHN BRADY	ASSIST SECRE	4.00	Officer Director	$7,200	$352	$7,552
BETSY MOSBY	SECRETARY	3.50	Officer Director	$6,700	$352	$7,052
DIANE DAVAUL	DIRECTOR	3.25	Director	$6,300	$352	$6,652
EDWARD EDWARDS	DIRECTOR	3.00	Director	$6,000	$352	$6,352
ROBERT JONES	DIRECTOR	3.00	Director	$6,000	$352	$6,352
BRIAN DOOLEY	DIRECTOR	3.00	Director	$2,000	$88	$2,088
JAMES A VENTRESS-RETIRED 325	DIRECTOR	3.25	Director	$1,500	$39	$1,539

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	$69,633,634	$69,633,634	$151,442,589	No data
2024	$65,708,431	$65,708,431	$139,826,409	No data
2023	$63,057,088	$63,057,088	$137,193,681	No data
2022	$62,434,062	$62,434,062	$131,108,590	No data
2021	$58,246,360	$58,246,360	$128,334,466	No data
2020	$55,353,478	$55,353,478	$122,716,058	No data
2019	$58,965,821	$58,965,821	$118,489,613	No data
2018	$60,820,000	$60,820,000	$114,652,761	No data

SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION