TOMBIGBEE ELECTRIC POWER ASSOCIATION (EIN 640254740) - 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

1934

Legal Domicile

Principal Officer

SCOTT HENDRIX

Phone

6628427635

Tax Period

2023-07-01 to 2024-06-30

TOMBIGBEE ELECTRIC POWER ASSOCIATION, founded in 1934, is a major nonprofit that reported $136.4M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC POWER SERVICE TO MEMBERS OF THE ASSOCIATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $127,504,316

Investment Income $1,162,389

Other Revenue $7,739,293

TOTAL REVENUE $136,405,998

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,881,491

Fundraising Expenses $0

Program Expenses $132,488,179

Other Expenses $121,606,688

TOTAL EXPENSES $132,488,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,405,998	$137,961,988	0.0%
Expenses	$132,488,179	$136,902,910	0.0%
Net Income	$3,917,819	$1,059,078	+2.7%

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

205

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

$497,189

Total Directors

$163,055

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FG WIYGUL JR	DIRECTOR	10.00	Director	$16,162	$0	$16,162
JOHN MCFERRIN	DIRECTOR	15.00	Director	$10,100	$0	$10,100
MIKE IRWIN	DIRECTOR	10.00	Director	$10,100	$0	$10,100
BRENDA SHUMPERT	DIRECTOR	10.00	Director	$10,100	$0	$10,100
BUDDY PALMER	DIRECTOR	15.00	Director	$10,100	$0	$10,100
STEVE HOLLAND	DIRECTOR	10.00	Director	$9,531	$0	$9,531
DONALD KNIGHT	VICE PRESIDE	15.00	Officer Director	$16,162	$0	$16,162
JIM GRAY	DIRECTOR	10.00	Director	$10,100	$0	$10,100
LYNN TURNER	PRESIDENT	20.00	Officer Director	$10,100	$0	$10,100
CHIP PRESTAGE	TREASURER	15.00	Officer Director	$10,100	$0	$10,100
TJ ADAMS	DIRECTOR	10.00	Director	$10,100	$0	$10,100
ANDY SPRADLING	SECRETARY	15.00	Officer Director	$10,100	$0	$10,100
RANDY LETSON	DIRECTOR	10.00	Director	$10,100	$0	$10,100
SAMMY REED	DIRECTOR	10.00	Director	$10,100	$0	$10,100
DANNY RILEY	DIRECTOR	10.00	Director	$10,100	$0	$10,100
SCOTT HENDRIX	CEO	40.00	Officer	$304,662	$12,073	$316,735
BRUCE WILLIAMS	CFO	40.00	Officer	$126,275	$7,717	$133,992
GREG HOOD	LINEMAN	40.00	Highest	$154,685	$6,528	$161,213
MARK GRAHAM	LINEMAN	40.00	Highest	$147,781	$6,528	$154,309
GREG SPRADLING	LINEMAN	40.00	Highest	$147,221	$6,528	$153,749
BROCK PEARCE	LINEMAN	40.00	Highest	$144,647	$6,509	$151,156
MARK BURLESON	LINEMAN	40.00	Highest	$141,755	$6,528	$148,283

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	$136,405,998	$132,488,179	$266,020,791	$3,917,819
2023	$137,961,988	$136,902,910	$259,826,661	$1,059,078
2022	$134,355,047	$125,618,326	$252,069,623	$8,736,721
2021	$118,553,499	$113,456,105	$221,161,642	$5,097,394
2020	$114,549,453	$116,104,158	$189,999,334	$-1,554,705
2019	$28,599,315	$30,579,163	$156,182,613	$-1,979,848
2018	$26,790,824	$26,189,431	$153,497,842	$601,393

TOMBIGBEE ELECTRIC POWER ASSOCIATION