Sequachee Valley Electric Cooperative is a 501(c)(12) organization based in S Pittsburg, Tennessee, registered in 1941, with $121,157,075 in FY2024 revenue.
Revenue (FY2024)
$121.2M
▲ 8.2% vs prior year
Expenses (FY2024)
$113.1M
Net assets
$124.9M
Employees
89
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 Sequachee Valley Electric Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Sequachee Valley Electric Cooperative: 13 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
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 Sequachee Valley Electric Cooperative: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
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 Sequachee Valley Electric Cooperative: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Our mission is to provide sales of electricity to members and provide our members a monthly magazine and newsletter.
Provision of broadband internet access, tv and telecommunications services via fiber optic network to rural homes and businesses located in marion county, tennessee.
Revenue grew from $92.7M (FY2018) to $121.2M (FY2024) across 7 reported years.
Financial snapshot
Operating margin
6.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$195.2M
Total liabilities
$70.3M
Net assets
$124.9M
Salaries & benefits
$12.8M
11% of expenses
Board members
11
11 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $121,157,075▲8.2% | $113,066,623▲7.8% | $124,872,020▲6.9% | $195,168,121▲8.2% | 990 |
| 2023 | $112,012,967▼0.5% | $104,899,096▼0.9% | $116,848,386▲6.4% | $180,374,420▲5.4% | 990 |
| 2022 | $112,585,937▲6.5% | $105,813,126▲9.5% | $109,801,334▲6.9% | $171,194,164▲3.3% | 990 |
| 2021 | $105,669,415▲8.9% | $96,622,670▲10.2% | $102,666,517▲9.7% | $165,775,520▲5.6% | 990 |
| 2020 | $97,074,458▲6.0% | $87,679,832▲0.6% | $93,578,303▲11.1% | $156,994,323▲4.6% | 990 |
| 2019 | $91,563,538▼1.2% | $87,184,694▼2.6% | $84,247,302▲6.9% | $150,040,940▲11.4% | 990 |
| 2018 | $92,711,202 | $89,531,245▲25.1% | $78,773,846▲51.7% | $134,666,582▲45.1% | 990 |
| 2009 | — | $71,593,523 | $51,944,350 | $92,835,554 | 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.
Highest-paid: Terry Michael Partin — $346,646 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Terry Michael Partin | President/ce | 45 | $346,646 |
| Danny Kirkendoll | Vp-engineeri | 50 | $224,707 |
| Christopher L Brown | Journeyman L | 52 | $169,813 |
| Roberson C Bryant | Journeyman L | 47 | $163,048 |
| Adam Blevins | Journeyman L | 50 | $158,980 |
| Zachary B Stewart | Journeyman L | 48 | $158,536 |
| William F Bradford | Journeyman L | 49 | $156,152 |
| Susan B Duggar | Vp-customer | 50 | $155,009 |
| Matthew H Brewer | Vp-admin. Se | 45 | $150,035 |
| Michael Jordan | Board Chairm | 1 | $11,025 |
| William Gaston | Director | 6 | $9,810 |
| Jerry Don Thomas | Director | 3 | $9,045 |
| Randall Gilliam | Director | 1.5 | $9,045 |
| Judy Fults | Secretary/tr | 6 | $8,900 |
| Bobby Gravitt Jr | Director | 5 | $8,690 |
| Charles R Young | Director | 8 | $8,160 |
| Travis Smith | Director | 3 | $7,740 |
| Roger Powell | Vice-chairma | 4 | $7,095 |
| Emily Lane | Director | 4 | $6,575 |
| Daniel Davenport | Director | 0.5 | $6,450 |
| Contractor | Services | Paid |
|---|---|---|
| Service Electric | Line Extension | $3,023,513 |
| Hamilton Consulting and Construction | Contruction | $1,528,935 |
| W A Kendall & Co LLC | Tree Trimming | $1,444,162 |
| Townsend Tree Service | Tree Trimming | $1,093,838 |
| Xylem Tree Experts | Tree Trimming | $874,263 |
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Data for Sequachee Valley Electric Cooperative (EIN 62-0352367) 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.