Tombigbee Electric Power Assn
501(c)(12)
100% goes to programs Strong reserves Growing revenue
Tombigbee Electric Power Assn is a 501(c)(12) organization based in Tupelo, Mississippi, registered in 1937, with $136,405,998 in FY2023 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
Po Box 1789, Tupelo, MS, 38802 EIN 64-0254740 Since 1937
Revenue (FY2023)
$136.4M
▼ 1.1% vs prior year
Expenses (FY2023)
$132.5M
Net assets
$126.4M
Employees
205
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating100% to programs
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 Tombigbee Electric Power Assn: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +3% 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 Tombigbee Electric Power Assn: 11 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 Tombigbee Electric Power Assn: 3 of 6 checks met earns a C+ 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 Tombigbee Electric Power Assn: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide electric power service to members of the association
Contact & location
- Address
- Po Box 1789, Tupelo, MS, 38802
- City
- Tupelo
- State
- Mississippi
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.2M (FY2013) to $136.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $139.6MNet assets $126.4M
Operating margin
2.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$266.0M
Total liabilities
$139.6M
Net assets
$126.4M
Salaries & benefits
$10.9M
8% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $136,405,998▼1.1% | $132,488,179▼3.2% | $126,392,669▲3.2% | $266,020,791▲2.4% | 990 |
| 2022 | $137,961,988▲2.7% | $136,902,910▲9.0% | $122,471,610▲0.9% | $259,826,661▲3.1% | 990 |
| 2021 | $134,355,047▲13.3% | $125,618,326▲10.7% | $121,404,722▲7.6% | $252,069,623▲14.0% | 990 |
| 2020 | $118,553,499▲3.5% | $113,456,105▼2.3% | $112,811,418▲2.9% | $221,161,642▲16.4% | 990 |
| 2019 | $114,549,453▲301% | $116,104,158▲280% | $109,649,304▼1.4% | $189,999,334▲21.7% | 990 |
| 2018 | $28,599,315▲6.8% | $30,579,163▲16.8% | $111,198,275▼1.7% | $156,182,613▲1.7% | 990 |
| 2017 | $26,790,824▲2.9% | $26,189,431▲12.9% | $113,172,084▲0.5% | $153,497,842▲0.6% | 990 |
| 2016 | $26,033,775▲1.3% | $23,201,677▼5.4% | $112,592,931▲2.9% | $152,617,993▲1.7% | 990 |
| 2015 | $25,691,654▲1.3% | $24,515,353▲6.2% | $109,406,233▲1.1% | $150,066,756▲2.9% | 990 |
| 2014 | $25,374,189▼3.1% | $23,093,487▲3.6% | $108,236,302▲2.2% | $145,798,813▲3.2% | 990 |
| 2013 | $26,195,367 | $22,294,484▲10.0% | $105,941,970▲3.8% | $141,311,586▲8.8% | 990 |
| 2012 | — | $20,274,308▲9.6% | $102,017,657▲4.5% | $129,916,927▲6.0% | 990 |
| 2011 | — | $18,503,221▲5.2% | $97,604,345▲7.7% | $122,581,291▲0.8% | 990 |
| 2010 | — | $17,589,180 | $90,658,564 | $121,615,873 | 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: Scott Hendrix — $304,662 (0.23% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Scott Hendrix | Ceo | 40 | $304,662 |
| Greg Hood | Lineman | 40 | $154,685 |
| Mark Graham | Lineman | 40 | $147,781 |
| Greg Spradling | Lineman | 40 | $147,221 |
| Brock Pearce | Lineman | 40 | $144,647 |
| Mark Burleson | Lineman | 40 | $141,755 |
| Bruce Williams | Cfo | 40 | $126,275 |
| Donald Knight | Vice Preside | 15 | $16,162 |
| Fg Wiygul Jr | Director | 10 | $16,162 |
| Andy Spradling | Secretary | 15 | $10,100 |
| Brenda Shumpert | Director | 10 | $10,100 |
| Buddy Palmer | Director | 15 | $10,100 |
| Chip Prestage | Treasurer | 15 | $10,100 |
| Danny Riley | Director | 10 | $10,100 |
| Jim Gray | Director | 10 | $10,100 |
| John Mcferrin | Director | 15 | $10,100 |
| Lynn Turner | President | 20 | $10,100 |
| Mike Irwin | Director | 10 | $10,100 |
| Randy Letson | Director | 10 | $10,100 |
| Sammy Reed | Director | 10 | $10,100 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Bts | Fiber Const. | $5,619,664 |
| Cuii | Fiber Install | $3,375,321 |
| Conexon LLC | Fiber Design | $1,872,575 |
| Red River Specialties | Right of Way | $340,915 |
| Magnum Metals | Construction | $193,676 |
Frequently asked questions
- Is Tombigbee Electric Power Assn a legitimate nonprofit?
- Yes. Tombigbee Electric Power Assn is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 64-0254740, based in Tupelo, Mississippi.
- What is Tombigbee Electric Power Assn's EIN?
- Tombigbee Electric Power Assn's Employer Identification Number (EIN) is 64-0254740.
- How much revenue does Tombigbee Electric Power Assn report?
- Tombigbee Electric Power Assn reported $136,405,998 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Tombigbee Electric Power Assn's spending goes to programs?
- Tombigbee Electric Power Assn spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Tombigbee Electric Power Assn have?
- CharityIndex grades Tombigbee Electric Power Assn B+, based on program efficiency and fundraising cost.
- How much does Tombigbee Electric Power Assn's highest-paid employee make?
- The highest reported compensation on Tombigbee Electric Power Assn's latest Form 990 is $304,662, paid to Scott Hendrix (Ceo).
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Data for Tombigbee Electric Power Assn (EIN 64-0254740) 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.