Dixie Electric Power Assn
501(c)(12)
Strong reserves Growing revenue
Dixie Electric Power Assn is a 501(c)(12) organization based in Laurel, Mississippi, registered in 1943, with $128,490,396 in FY2023 revenue.
Po Box 88, Laurel, MS, 39441 EIN 64-0183177 Since 1943
Revenue (FY2023)
$128.5M
▲ 10.5% vs prior year
Expenses (FY2023)
$131.1M
Net assets
$115.1M
Employees
131
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Dixie Electric Power Assn— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating11 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Dixie Electric Power Assn: 11 mo reserves · -2% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Dixie Electric Power Assn: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Dixie Electric Power Assn: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Dixie electric power assn. strives to: 1)provide an efficient electrical system 2)support the community through local activities and encourage economic growth 3)offer a productive work environment for its employees 4)continue to meet the ever changing needs of its members through technological advances.
What they do
Rural electric distribution cooperative that furnished electric service to 46,961 accounts as of 12/31/23
Contact & location
- Address
- Po Box 88, Laurel, MS, 39441
- City
- Laurel
- State
- Mississippi
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $98.2M (FY2019) to $128.5M (FY2023) across 5 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $234.9MNet assets $115.1M
Operating margin
-2.0%
Spent more than it raised in the latest fiscal year.
Total assets
$350.0M
Total liabilities
$234.9M
Net assets
$115.1M
Salaries & benefits
$12.2M
9% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $128,490,396▲10.5% | $131,123,668▲9.5% | $115,064,306▲10.1% | $349,976,068▲6.9% | 990 |
| 2022 | $116,271,239▲20.5% | $119,722,337▲21.1% | $104,534,569▼0.1% | $327,484,879▲18.2% | 990 |
| 2021 | $96,509,999▲5.3% | $98,852,967▲7.8% | $104,605,033 | $277,061,319▲20.2% | 990 |
| 2020 | $91,688,371▼6.6% | $91,688,371▼6.6% | $104,626,225▲3.7% | $230,493,381▲11.0% | 990 |
| 2019 | $98,151,293 | $98,151,293 | $100,899,596 | $207,653,220 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Ralph R Smith — $307,803 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ralph R Smith | General Mana | 40 | $307,803 |
| Aaron Zumwalt | Admin & Fina | 40 | $177,153 |
| Thomas Mccarthy | Operations M | 40 | $174,453 |
| James Grantham | It Manager | 40 | $166,760 |
| Jeremy Mcandrew | System Engin | 40 | $154,645 |
| Floyd Herford | Serviceman | 40 | $134,211 |
| Dale Mckee | Director | 4 | $17,921 |
| Robert Smith | President | 4 | $17,801 |
| Sears Ward | Alt. Secreta | 4 | $17,674 |
| Allen Sledge | Vice-preside | 4 | $16,767 |
| Vickie Cooley | Director | 4 | $12,033 |
| Linda Bonner | Secretary-tr | 4 | $9,991 |
| Stan Pickering | Director | 4 | $9,750 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sdt Solutions LLC | Fiber Construct | $7,322,135 |
| B Line LLC | Right of Way Cl | $4,436,698 |
| Mdr Construction | Electric Line C | $2,364,146 |
| Osmose Utilities Service Inc | Pole Testing | $506,796 |
| Geddie Tree & Land Services LLC | Right of Way | $390,975 |
Grants received · $100K total
3 grants to Dixie Electric Power Assn totaling $100K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - threaten existence under the cooperative business model | 2020 | $25,000 |
| Cooperative Energy A Mississippi Electric Cooperative | Economic development | 2017 | $50,000 |
| Cooperative Energy A Mississippi Electric Cooperative | Economic development | 2015 | $25,000 |
Grants made · $37K in FY2023
2 grants totaling $37K in FY2023. All grants made by Dixie Electric Power Assn →
| Recipient | Purpose | Amount |
|---|---|---|
| Other Less Than 5000 | — | $27,320 |
| Ecm Foundation | Scholarships | $10,000 |
Frequently asked questions
- Is Dixie Electric Power Assn a legitimate nonprofit?
- Yes. Dixie Electric Power Assn is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 64-0183177, based in Laurel, Mississippi.
- What is Dixie Electric Power Assn's EIN?
- Dixie Electric Power Assn's Employer Identification Number (EIN) is 64-0183177.
- How much revenue does Dixie Electric Power Assn report?
- Dixie Electric Power Assn reported $128,490,396 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Dixie Electric Power Assn's highest-paid employee make?
- The highest reported compensation on Dixie Electric Power Assn's latest Form 990 is $307,803, paid to Ralph R Smith (General Mana).
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Explore more
Data for Dixie Electric Power Assn (EIN 64-0183177) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.