TISHOMINGO COUNTY ELEC POWER ASSN

EIN: 640254465

IUKA, MS

Total Revenue
$15,508,196
Total Expenses
$9,503,910
Total Assets
$66,928,311
Net Assets
$43,976,920
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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
1936
Legal Domicile
MS
Principal Officer
CODY DURHAM
Phone
6624233646
Tax Period
2023-07-01 to 2024-06-30

TISHOMINGO COUNTY ELEC POWER ASSN, founded in 1936, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.0M, a strong 39% operating margin.

Mission

SALE AND DISTRIBUTION OF ELECTRICITY TO RURAL CUSTOMERS

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,442,505
Other Revenue $14,065,691
TOTAL REVENUE $15,508,196

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,496,941
Fundraising Expenses $0
Program Expenses $9,503,910
Other Expenses $6,006,969
TOTAL EXPENSES $9,503,910

Year-over-Year Comparison

2023 2022 Change
Revenue $15,508,196 $13,519,440 +0.1%
Expenses $9,503,910 $10,638,474 -0.1%
Net Income $6,004,286 $2,880,966 +1.1%
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

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Governance

Voting Members
13
Independent Members
13
Employees
78
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
1
$165,101
Total Directors
16
$64,335
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD BARNES MEMBER 2.00
Director
$460 $0 $460
JIMMY HUGHES MEMBER 2.00
Director
$4,800 $0 $4,800
JANIE CUMMINGS VICE PRES 2.00
Director
$4,930 $0 $4,930
RICKY DAVIS SEC/TREASURE 2.00
Director
$5,250 $0 $5,250
JEFF HOLT PRESIDENT 2.00
Director
$5,530 $0 $5,530
BRETT MALONE MEMBER 2.00
Director
$445 $0 $445
STEVE RATLIFF MEMBER 2.00
Director
$4,800 $0 $4,800
COLTON SIMS MEMBER 2.00
Director
$4,800 $0 $4,800
HAROLD TURNER MEMBER 2.00
Director
$4,800 $0 $4,800
JOHN CASTLEBERRY MEMBER 2.00
Director
$400 $0 $400
JEFF BUTLER MEMBER 2.00
Director
$4,930 $0 $4,930
JOSH CLARK MEMBER 2.00
Director
$4,930 $0 $4,930
ERIK MCDONALD MEMBER 2.00
Director
$4,930 $0 $4,930
CODY DURHAM CEO 50.00
Officer
$165,101 $0 $165,101
MACK PHIFER MEMBER 2.00
Director
$4,400 $0 $4,400
JAMES MCDEAVITT MEMBER 2.00
Director
$4,400 $0 $4,400
RAY FLANAGAN MEMBER 2.00
Director
$4,530 $0 $4,530
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 $15,508,196 $9,503,910 $66,928,311 $6,004,286
2023 $13,519,440 $10,638,474 $60,930,122 $2,880,966
2022 $11,477,154 $9,839,330 $59,516,868 $1,637,824
2021 $9,007,750 $8,402,719 $49,362,080 $605,031
2020 $9,314,223 $7,939,512 $39,925,035 $1,374,711
2019 $8,803,868 $7,724,285 $37,683,755 $1,079,583
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