Tennessee Valley Authority Cherokee Electric Cooperative
501(c)(12)
Only null% goes to programs Strong reserves
Tennessee Valley Authority Cherokee Electric Cooperative is a 501(c)(12) organization based in Centre, Alabama, registered in 1942, with $64,383,845 in FY2024 revenue. CharityIndex grades it A.
Po Box O, Centre, AL, 35960 EIN 63-0040445 Since 1942
Revenue (FY2024)
$64.4M
▼ 1.1% vs prior year
Expenses (FY2024)
$64.4M
Net assets
$114.7M
Employees
82
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 Tennessee Valley Authority Cherokee 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 →
AFinancial health25% of the rating21 mo reserves · +0% 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 Tennessee Valley Authority Cherokee Electric Cooperative: 21 mo reserves · +0% margin earns a A 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 Tennessee Valley Authority Cherokee Electric Cooperative: 6 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 Tennessee Valley Authority Cherokee Electric Cooperative: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide electric utility service to the cooperative's members.
Contact & location
Financial trends
Revenue grew from $61.3M (FY2013) to $64.4M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $36.8MNet assets $114.7M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$151.5M
Total liabilities
$36.8M
Net assets
$114.7M
Salaries & benefits
$986K
2% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $64,383,845▼1.1% | $64,383,845▼1.1% | $114,650,814▲2.2% | $151,489,665▲1.5% | 990 |
| 2023 | $65,117,812▼2.3% | $65,117,812▼2.3% | $112,204,602▲8.8% | $149,256,937▲5.7% | 990 |
| 2022 | $66,658,185▲0.1% | $66,658,185▲0.1% | $103,163,160▲2.2% | $141,153,336▲2.3% | 990 |
| 2021 | $66,592,485▲8.8% | $66,592,485▲8.8% | $100,976,042▲12.1% | $137,937,901▲4.9% | 990 |
| 2020 | $61,200,053▲3.8% | $61,200,053▲3.8% | $90,068,169▲10.3% | $131,472,731▲6.4% | 990 |
| 2019 | $58,962,013▼7.4% | $58,962,013▼7.4% | $81,627,401▼1.1% | $123,561,515▼1.0% | 990 |
| 2018 | $63,676,462▲2.6% | $63,676,462▲2.6% | $82,544,308▲7.0% | $124,835,312▲4.4% | 990 |
| 2017 | $62,073,733▲1.8% | $62,073,733▲1.8% | $77,131,061▲11.4% | $119,517,816▲4.9% | 990 |
| 2016 | $60,956,501▲2.9% | $60,956,501▲2.9% | $69,251,688▲6.2% | $113,903,500▲3.5% | 990 |
| 2015 | $59,249,160▼2.4% | $59,249,160▼2.4% | $65,219,391▲9.1% | $110,051,694▲2.8% | 990 |
| 2014 | $60,725,043▼0.9% | $60,725,043▼0.9% | $59,794,675▲4.2% | $107,097,285▲2.6% | 990 |
| 2013 | $61,273,297 | $61,273,297▲2.4% | $57,375,498▲9.4% | $104,392,412▲5.7% | 990 |
| 2012 | — | $59,809,465▲3.9% | $52,430,112▲16.0% | $98,770,362▲4.5% | 990 |
| 2011 | — | $57,551,504▲4.8% | $45,196,416▲1.5% | $94,553,183▲2.9% | 990 |
| 2010 | — | $54,907,826▲10.3% | $44,538,955▲23.3% | $91,916,329▲7.4% | 990 |
| 2009 | — | $49,784,543 | $36,108,168 | $85,575,812 | 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: Randal Wilkie — $351,083 (0.55% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Randal Wilkie | General Manager/ceo | 40 | $351,083 |
| Chris Garner | Lead Lineman Foreman | 40 | $169,428 |
| David Harrell | Journeyman Lineman | 40 | $167,338 |
| Kevin Farmer | Manager of System R&s | 40 | $156,473 |
| Noah Smith | Journeyman Lineman | 40 | $150,515 |
| Ralph Burt | Service Lineman W/helper | 40 | $149,345 |
| Honey Trammell | Chief Financial Officer | 40 | $146,738 |
| Ronnie Gaylor | Director | 4 | $40,994 |
| Phylis Hill | Director | 4 | $40,930 |
| Kennith Moseley | Director | 4 | $40,837 |
| Dewitt Cox | Director/vice President | 4 | $40,725 |
| Thomas Hilburn | Director | 4 | $40,663 |
| Doris Salter | Director/secretary/treasur | 4 | $37,322 |
| Wayne Clanton | Director/president | 4 | $34,029 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Brent Rodgers | Right of Way (trimming and Clearing) | $717,695 |
| Corbitt Power & Light | Contract Labor | $435,725 |
Grants received · $25K total
1 grant to Tennessee Valley Authority Cherokee Electric Cooperative totaling $25K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2015 | $24,567 |
Frequently asked questions
- Is Tennessee Valley Authority Cherokee Electric Cooperative a legitimate nonprofit?
- Yes. Tennessee Valley Authority Cherokee Electric Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 63-0040445, based in Centre, Alabama.
- What is Tennessee Valley Authority Cherokee Electric Cooperative's EIN?
- Tennessee Valley Authority Cherokee Electric Cooperative's Employer Identification Number (EIN) is 63-0040445.
- How much revenue does Tennessee Valley Authority Cherokee Electric Cooperative report?
- Tennessee Valley Authority Cherokee Electric Cooperative reported $64,383,845 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Tennessee Valley Authority Cherokee Electric Cooperative have?
- CharityIndex grades Tennessee Valley Authority Cherokee Electric Cooperative A, based on financial health (reserves and operating margin).
- How much does Tennessee Valley Authority Cherokee Electric Cooperative's highest-paid employee make?
- The highest reported compensation on Tennessee Valley Authority Cherokee Electric Cooperative's latest Form 990 is $351,083, paid to Randal Wilkie (General Manager/ceo).
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Data for Tennessee Valley Authority Cherokee Electric Cooperative (EIN 63-0040445) 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.