Pearl River Valley Electric Power Association
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Pearl River Valley Electric Power Association is a 501(c)(12) organization based in Columbia, Mississippi, registered in 1942, with $160,999,727 in FY2024 revenue. CharityIndex grades it A.
1422 Highway 13 N, Columbia, MS, 39429 EIN 64-0219645 Since 1942
Revenue (FY2024)
$161.0M
▲ 7.6% vs prior year
Expenses (FY2024)
$159.8M
Net assets
$156.8M
Employees
146
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 Pearl River Valley Electric Power Association— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating12 mo reserves · +1% 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 Pearl River Valley Electric Power Association: 12 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Pearl River Valley Electric Power Association: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Pearl River Valley Electric Power Association: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
The association's mission is improving the future for all of our members in south mississippi. the first step is bringing safe and dependable energy at the lowest possible cost.
Contact & location
- Address
- 1422 Highway 13 N, Columbia, MS, 39429
- City
- Columbia
- State
- Mississippi
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $122.2M (FY2013) to $161.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $264.3MNet assets $156.8M
Operating margin
0.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$421.1M
Total liabilities
$264.3M
Net assets
$156.8M
Salaries & benefits
$13.8M
9% of expenses
Board members
10
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $160,999,727▲7.6% | $159,774,956▲6.6% | $156,779,203▲12.7% | $421,101,434▲8.6% | 990 |
| 2023 | $149,565,482▲7.1% | $149,918,901▲7.5% | $139,162,642▲4.1% | $387,763,546▲20.2% | 990 |
| 2022 | $139,698,915▲7.4% | $139,467,817▲6.2% | $133,658,950▲20.7% | $322,492,209▲14.2% | 990 |
| 2021 | $130,089,296▲2.8% | $131,299,675▲3.2% | $110,707,873▲15.1% | $282,339,813▲8.2% | 990 |
| 2020 | $126,524,793▼1.8% | $127,197,030▼1.4% | $96,152,796▼3.5% | $260,839,233▲3.4% | 990 |
| 2019 | $128,844,422▲0.3% | $129,028,294▲0.8% | $99,603,682▼3.9% | $252,253,554▲2.9% | 990 |
| 2018 | $128,499,857▲5.0% | $128,060,698▲4.2% | $103,653,383▲10.2% | $245,224,057▲3.8% | 990 |
| 2017 | $122,418,121▲0.1% | $122,921,158▼0.1% | $94,100,286▲2.7% | $236,164,926▲1.1% | 990 |
| 2016 | $122,336,329▼6.3% | $123,042,640▼5.6% | $91,664,837▲7.2% | $233,658,940▲3.7% | 990 |
| 2015 | $130,531,922▲2.4% | $130,300,633▲1.8% | $85,540,052▲6.9% | $225,252,636▲3.3% | 990 |
| 2014 | $127,449,390▲4.3% | $127,976,910▲5.6% | $80,040,164▼5.6% | $218,073,076▲1.4% | 990 |
| 2013 | $122,216,595 | $121,201,436▼0.7% | $84,775,271▲21.2% | $214,993,439▲4.5% | 990 |
| 2012 | — | $122,103,429▲8.0% | $69,935,172▲10.7% | $205,820,984▲2.3% | 990 |
| 2011 | — | $113,085,055▼3.6% | $63,172,178▼9.6% | $201,289,953▲5.6% | 990 |
| 2010 | — | $117,267,231 | $69,849,765 | $190,696,040 | 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 (FY2024)
Highest-paid: Matthew Ware — $369,565 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matthew Ware | Ceo/general Manager | 50 | $369,565 |
| Erik Lavine | Manager, Engineering & Ope | 50 | $208,605 |
| Jody Thornton | Chief Financial Officer | 50 | $196,572 |
| George Cutrer | District Manager | 40 | $183,496 |
| Anthony Harris | Manager, Econ Dev & Comm R | 40 | $177,634 |
| William Mccrary | District Manager | 40 | $170,881 |
| James Armstrong | Manager, Purchasing & Faci | 40 | $169,844 |
| Leif Munkel | Manager, Marketing & Comm | 40 | $152,472 |
| Lavell Bond | Vice President | 6.26 | $31,208 |
| Davis Wingo | Director | 5.92 | $30,078 |
| Bf Hudson Jr | Director | 7 | $29,852 |
| Danny Wilks | President | 10.19 | $29,561 |
| Jeff Tinnon | Director | 5.06 | $28,575 |
| Jack Bradshaw | Director | 5.85 | $28,242 |
| Hugh Gene Smith | Director | 3.5 | $27,692 |
| Matt Thomas | Director | 8.94 | $27,237 |
| Adam Bass | Director | 3.65 | $27,039 |
| Leslie Peters | Secretary/treasurer | 1.03 | $22,681 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ervin Cable Construction LLC | Fiber Construction | $5,829,871 |
| Itg Communications LLC | Fiber Installation | $3,812,708 |
| Conexon LLC | Fiber Construction | $3,408,509 |
| Looks Great Services | Right of Way Maint | $3,328,737 |
| Mdr Construction | Construction | $2,117,750 |
Grants made · $18K in FY2024
2 grants totaling $18K in FY2024. All grants made by Pearl River Valley Electric Power Association →
| Recipient | Purpose | Amount |
|---|---|---|
| Ecm Foundation | Contribute toward scholarships provided by the organization | $10,000 |
| The Mississippi Gulf Coast Community College Foundation Inc | Contribute toward scholarships provided by the organization | $8,000 |
Frequently asked questions
- Is Pearl River Valley Electric Power Association a legitimate nonprofit?
- Yes. Pearl River Valley Electric Power Association is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 64-0219645, based in Columbia, Mississippi.
- What is Pearl River Valley Electric Power Association's EIN?
- Pearl River Valley Electric Power Association's Employer Identification Number (EIN) is 64-0219645.
- How much revenue does Pearl River Valley Electric Power Association report?
- Pearl River Valley Electric Power Association reported $160,999,727 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Pearl River Valley Electric Power Association have?
- CharityIndex grades Pearl River Valley Electric Power Association A, based on financial health (reserves and operating margin).
- How much does Pearl River Valley Electric Power Association's highest-paid employee make?
- The highest reported compensation on Pearl River Valley Electric Power Association's latest Form 990 is $369,565, paid to Matthew Ware (Ceo/general Manager).
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Data for Pearl River Valley Electric Power Association (EIN 64-0219645) 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.