TIPPAH ELECTRIC POWER ASSOCIATION (EIN 640254438) - 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

TIM SMITH

Phone

6628378139

Tax Period

2024-07-01 to 2025-06-30

TIPPAH ELECTRIC POWER ASSOCIATION, founded in 1937, is a mid-sized nonprofit that reported $15.2M in total revenue in fiscal year 2024. Expenses of $13.9M left a modest 8% surplus.

Mission

TO DISTRIBUTE PUBLIC ELECTRIC POWER SERVICE TO RESIDENTIAL, COMMERCIAL, AND INDUSTRIAL CUSTOMERS IN TIPPAH COUNTY, MISSISSIPPI AND PARTS OF THE SURROUNDING 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $95,417

Other Revenue $15,083,863

TOTAL REVENUE $15,179,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,962,967

Fundraising Expenses $0

Program Expenses $10,119,376

Other Expenses $10,954,791

TOTAL EXPENSES $13,917,758

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,179,280	$14,507,549	+0.0%
Expenses	$13,917,758	$14,982,561	-0.1%
Net Income	$1,261,522	$-475,012	-3.7%

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

$278,842

Total Directors

$114,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM SMITH	MANAGER	40.00	Officer	$168,497	$0	$168,497
MICHAEL T BRADDOCK	LINEMAN	48.00	Highest	$124,059	$0	$124,059
STEVEN L DOWDY	LINEMAN	49.00	Highest	$122,859	$0	$122,859
MATTHEW G BAILEY	LINEMAN	53.00	Highest	$122,188	$0	$122,188
HERSHEL SCOTT DERRICK	LINEMAN	49.00	Highest	$120,486	$0	$120,486
GREGORY E HINES	LINEMAN	47.00	Highest	$117,118	$0	$117,118
KERRY COCKRELL	CFO	40.00	Officer	$110,345	$0	$110,345
JERRY L WATKINS	DIRECTOR	N/A	Director	$13,200	$0	$13,200
TOMMY BENSON	DIRECTOR	N/A	Director	$12,600	$0	$12,600
PHILLIP CAMBURN	DIRECTOR	N/A	Director	$12,600	$0	$12,600
RICKY DOBBS	DIRECTOR	N/A	Director	$12,600	$0	$12,600
JIMMY HUDDLESTON	DIRECTOR	N/A	Director	$12,600	$0	$12,600
MARK JOHNSON	DIRECTOR	N/A	Director	$12,600	$0	$12,600
RICKY MARTIN	DIRECTOR	N/A	Director	$12,600	$0	$12,600
MATT ORMON	DIRECTOR	N/A	Director	$12,600	$0	$12,600
GREG SMITH	DIRECTOR	N/A	Director	$12,600	$0	$12,600

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	$15,179,280	$13,917,758	$68,835,212	$1,261,522
2024	$14,507,549	$14,982,561	$67,891,355	$-475,012
2023	$12,430,759	$14,389,579	$69,138,887	$-1,958,820
2022	$12,365,155	$13,131,683	$72,350,182	$-766,528
2021	$18,280,183	$10,854,092	$65,329,925	$7,426,091
2021	$18,280,183	$10,854,092	$65,329,925	$7,426,091
2020	$10,179,334	$12,639,754	$41,117,357	$-2,460,420
2019	$9,655,878	$9,577,317	$39,789,964	$78,561

TIPPAH ELECTRIC POWER ASSOCIATION