Powell Valley Electric Cooperative
501(c)(12)
94% goes to programs $0 to raise $100 Strong reserves Growing revenue
Powell Valley Electric Cooperative is a 501(c)(12) organization based in New Tazewell, Tennessee, registered in 1940, with $82,117,471 in FY2024 revenue. CharityIndex grades it A, and it directs about 94% of spending to programs.
Po Box 1528, New Tazewell, TN, 37824 EIN 54-0345615 Since 1940
Revenue (FY2024)
$82.1M
▲ 10.3% vs prior year
Expenses (FY2024)
$81.2M
Net assets
$91.3M
Employees
80
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
A+Program efficiency40% of the rating94% to programs · $0 to raise $100
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. For Powell Valley Electric Cooperative: 94% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating13 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 Powell Valley Electric Cooperative: 13 mo reserves · +1% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Powell Valley Electric Cooperative: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Powell Valley Electric Cooperative: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Distribution of tva-generated power.
Contact & location
- Address
- Po Box 1528, New Tazewell, TN, 37824
- City
- New Tazewell
- State
- Tennessee
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $68.3M (FY2013) to $82.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $33.4MNet assets $91.3M
Operating margin
1.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$124.7M
Total liabilities
$33.4M
Net assets
$91.3M
Salaries & benefits
$7.5M
9% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $82,117,471▲10.3% | $81,228,212▲13.6% | $91,282,243▲0.9% | $124,692,493▲5.0% | 990 |
| 2023 | $74,424,587▼4.9% | $71,531,457▼3.9% | $90,438,061▲3.0% | $118,784,831▲1.2% | 990 |
| 2022 | $78,219,772▲16.9% | $74,455,002▲19.4% | $87,818,472▲3.3% | $117,417,626▲4.4% | 990 |
| 2021 | $66,895,206▲9.4% | $62,362,172▲9.8% | $84,977,873▲5.5% | $112,455,724▲12.7% | 990 |
| 2020 | $61,140,182▲1.1% | $56,788,419▼1.2% | $80,564,975▲5.7% | $99,755,944▲3.5% | 990 |
| 2019 | $60,499,334▼8.2% | $57,450,988▼2.5% | $76,211,297▲4.2% | $96,411,849▲3.3% | 990 |
| 2018 | $65,926,327▲5.0% | $58,903,418▼1.2% | $73,161,756▲10.6% | $93,362,732▲3.3% | 990 |
| 2017 | $62,799,504▲3.4% | $59,613,572▲0.9% | $66,137,912▲5.1% | $90,342,825▲4.5% | 990 |
| 2016 | $60,745,969▼0.3% | $59,106,113▲4.0% | $62,951,670▲2.7% | $86,467,901▼0.1% | 990 |
| 2015 | $60,945,374▼5.6% | $56,820,661▼6.8% | $61,310,909▲7.2% | $86,531,712▲0.8% | 990 |
| 2014 | $64,578,730▼5.4% | $60,946,633▼6.3% | $57,185,804▲6.8% | $85,810,678▼0.2% | 990 |
| 2013 | $68,272,801 | $65,034,199▲12.0% | $53,553,022▲6.4% | $86,013,429▲0.6% | 990 |
| 2012 | — | $58,052,935▲5.2% | $50,314,090▲6.3% | $85,534,076▲0.1% | 990 |
| 2011 | — | $55,161,221▼4.6% | $47,334,328▲5.1% | $85,427,839▲0.6% | 990 |
| 2010 | — | $57,791,933▲10.9% | $45,016,199▲4.6% | $84,887,521▲2.2% | 990 |
| 2009 | — | $52,094,623 | $43,017,018 | $83,079,227 | 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: Michael Coppock — $224,744 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Michael Coppock | General Manager | 50 | $224,744 |
| Charles S Goodin | Assistant General Manager | 40 | $172,782 |
| Travis Tolliver | Director of Operations | 40 | $161,387 |
| Michael Loper | First Class Lineman | 55 | $150,575 |
| Ronnie Parker | First Class Lineman | 53 | $143,387 |
| Joey Southern | Area Supervisor | 40 | $141,462 |
| Logan Shepard | Board Director | 2 | $6,150 |
| Ricky West | Board Director | 2 | $5,600 |
| Russell Essary | Board Director | 2 | $2,000 |
| Tracey Sharp | Board Vice President | 4 | $1,875 |
| Judy Robertson | Board Secretary/treasurer | 2 | $1,275 |
| Bill Surber | Board President | 6 | $1,200 |
| Lena Short | Board Director | 2 | $1,050 |
| Michael Shockley | Board Director | 2 | $975 |
| J Allen Parkey | Board Director | 2 | $600 |
| Gary L Russell | Board Director | 1 | $225 |
| Roger A Ball | Board President (retired) | 2 | $225 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Price Tree and Bobcat Service | Tree Cutting | $954,677 |
Frequently asked questions
- Is Powell Valley Electric Cooperative a legitimate nonprofit?
- Yes. Powell Valley Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 54-0345615, based in New Tazewell, Tennessee.
- What is Powell Valley Electric Cooperative's EIN?
- Powell Valley Electric Cooperative's Employer Identification Number (EIN) is 54-0345615.
- How much revenue does Powell Valley Electric Cooperative report?
- Powell Valley Electric Cooperative reported $82,117,471 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Powell Valley Electric Cooperative's spending goes to programs?
- Powell Valley Electric Cooperative spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Powell Valley Electric Cooperative have?
- CharityIndex grades Powell Valley Electric Cooperative A, based on program efficiency and fundraising cost.
- How much does Powell Valley Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Powell Valley Electric Cooperative's latest Form 990 is $224,744, paid to Michael Coppock (General Manager).
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Data for Powell Valley Electric Cooperative (EIN 54-0345615) 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.