Powell Valley Electric Cooperative: Nonprofit Profile, Financials & Form 990 (EIN 54-0345615)

Revenue by fiscal year
FY2020	$60.5M
FY2021	$61.1M
FY2022	$66.9M
FY2023	$78.2M
FY2024	$74.4M
FY2025	$82.1M

Expenses by fiscal year
FY2020	$57.5M
FY2021	$56.8M
FY2022	$62.4M
FY2023	$74.5M
FY2024	$71.5M
FY2025	$81.2M

Net assets by fiscal year
FY2020	$76.2M
FY2021	$80.6M
FY2022	$85.0M
FY2023	$87.8M
FY2024	$90.4M
FY2025	$91.3M

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1940.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

17 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII

Michael Coppock

General Manager

$224,744Pt VII · Sec A

Charles S Goodin

Assistant General Manager

$172,782Pt VII · Sec A

Travis Tolliver

Director of Operations

$161,387Pt VII · Sec A

Michael Loper

First Class Lineman

$150,575Pt VII · Sec A

Ronnie Parker

First Class Lineman

$143,387Pt VII · Sec A

Joey Southern

Area Supervisor

$141,462Pt VII · Sec A

Logan Shepard

Board Director

$6,150Pt VII · Sec A

Ricky West

Board Director

$5,600Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Randell W Meyers	—	—	—	$445,229	$557,946	$222,340
Ronnie L Williams	—	—	$244,897	$137,462	—	—
Michael Coppock	$224,744	$201,001	$180,791	$141,952	$125,145	$123,129
Charles S Goodin	$172,782	$159,960	$146,373	$135,706	—	—
Travis Tolliver	$161,387	$147,265	$134,858	—	—	—
Bobby Johnson	—	—	—	—	$151,473	$134,688
Michael Loper	$150,575	$137,073	—	—	—	—
Ronnie Parker	$143,387	—	—	—	—	—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Powell Valley Electric Cooperative executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Distributes power generated by the Tennessee Valley Authority to communities.

Questions for Powell Valley Electric Cooperative

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1 program · in their own filed words · FY2024

01

Electric cooperative in conjunction with rus programs, distribution of tva generated power.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$82.1M

Ln 12

Fees for servicesLn 2g$79.9M

Investment incomeLn 3$2.2M

Other incomeLn 4–11$26K

Money outPt IX

$81.2M

Ln 25

Owns and owesPt X

$91.3M

net assets · Ln 32

Cash and savingsLn 1–2$5.3M

Total assetsLn 16$124.7M

LiabilitiesLn 26$33.4M

PeoplePt VI, VII

17

listed · VII A

PaidVII A17

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$79.9M

Investment incomeLn 3$2.2M

Other incomeLn 4–11$26K

Total revenueLn 12$82.1M

Assets in detailPt X, end of year

CashLn 1$3K

SavingsLn 2$5.3M

Cash and savings togetherLn 1–2$5.3M

InvestmentsLn 11–13$1.1M

Land, buildings, equipmentLn 10c$69.9M

Other assetsLn 15$10.5M

Total assetsLn 16$124.7M

LiabilitiesLn 26$33.4M

Net assetsLn 32$91.3M

OperationsPt I, VI

EmployeesI 563

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$6.0M	$5.3M
InvestmentsLn 11–13	$1.1M	$1.1M
Land, buildings, equipmentLn 10c	$68.0M	$69.9M
Total assetsLn 16	$118.8M	$124.7M
LiabilitiesLn 26	$28.3M	$33.4M
Net assetsLn 32	$90.4M	$91.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$246K
Other salaries and wagesLn 7	$7.3M
Other employee benefitsLn 9	$18K
Management feesLn 11a	$39K
Legal feesLn 11b	$27K
Accounting feesLn 11c	$28K
Advertising and promotionLn 12	$231K
Office expensesLn 13	$411K
OccupancyLn 16	$44K
TravelLn 17	$5K
Conferences, conventions and meetingsLn 19	$127K
InterestLn 20	$359K
Depreciation, depletion and amortizationLn 22	$5.0M
InsuranceLn 23	$196K
Other expenses (24a–d)Ln 24	$66.6M
All other expensesLn 24e	$622K
Total functional expensesLn 25	$81.2M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest ViewingFiled with the IRS Jan 14, 2026	$82.1M	$81.2M	$889K	$91.3M	990 PDF
FY2024Filed with the IRS Jan 24, 2025	$74.4M	$71.5M	$2.9M	$90.4M	990 PDF
FY2023Filed with the IRS Dec 15, 2023	$78.2M	$74.5M	$3.8M	$87.8M	990 PDF
FY2022Filed with the IRS Apr 27, 2023	$66.9M	$62.4M	$4.5M	$85.0M	990 PDF
FY2021Filed with the IRS Mar 7, 2022	$61.1M	$56.8M	$4.4M	$80.6M	990 PDF
FY2020Filed with the IRS May 17, 2021	$60.5M	$57.5M	$3.0M	$76.2M	990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $82,117,471 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $72,083,507$79,921,105

I-10 Investment incomePrior year $2,263,988$2,170,684

I-11 Other revenuePrior year $77,092$25,682

I-12 Total revenuePrior year $74,424,587$82,117,471

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $6,499,710$7,527,673

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $65,031,747$73,700,539

I-18 Total expensesPrior year $71,531,457$81,228,212

I-19 Revenue less expensesPrior year $2,893,130$889,259

Part VI · Governance 9 of 9 board members independent, 3 to look at

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

Part VIII · Statement of revenue $82,117,471 across 4 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $79,921,105$79,921,105

VIII-3 Investment incomeExcluded from tax $2,170,684$2,170,684

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $25,682$25,682

VIII-12 Total revenueRelated to mission $79,946,787 · Unrelated business $0 · Excluded from tax $2,170,684$82,117,471

Part IX · Statement of functional expenses $81,228,212 across 16 lines filed

IX-5 Pay of current officers, directors and key staff$245,919

IX-7 Other salaries and wages$7,264,032

IX-9 Other employee benefits$17,722

IX-11a Management fees$39,474

IX-11b Legal fees$27,384

IX-11c Accounting fees$27,600

IX-12 Advertising and promotion$230,814

IX-13 Office expenses$411,415

IX-16 Occupancy$43,826

IX-17 Travel$4,549

IX-19 Conferences, conventions and meetings$126,914

IX-20 Interest$358,709

IX-22 Depreciation, depletion and amortization$5,042,963

IX-23 Insurance$195,775

IX-24 Other expenses (24a–d)$66,569,211

IX-24e All other expenses$621,905

IX-25 Total functional expenses$81,228,212

Part X · Balance sheet $124,692,493 assets, 15 lines filed

Asset lines not itemized here account for $2,346,148; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $2,901$2,900

X-2 Savings and temporary cash investmentsStart of year $5,966,083$5,323,012

X-4 Accounts receivableStart of year $32,714,304$32,167,632

X-8 Inventories for sale or useStart of year $2,839,238$2,930,711

X-9 Prepaid expenses and deferred chargesStart of year $562,779$478,501

X-10c Land, buildings and equipment, netStart of year $68,047,114$69,915,365

X-11 Publicly traded securitiesStart of year $1,075,290$1,075,290

X-15 Other assetsStart of year $5,229,305$10,452,934

X-16 Total assetsStart of year $118,784,831$124,692,493

X-17 Accounts payable and accrued expensesStart of year $15,622,061$15,998,094

X-19 Deferred revenueStart of year $7,503,030$7,858,381

X-25 Other liabilitiesStart of year $142,898$320,410

X-26 Total liabilitiesStart of year $28,346,770$33,410,250

X-32 Total net assets or fund balancesStart of year $90,438,061$91,282,243

X-33 Total liabilities and net assetsStart of year $118,784,831$124,692,493

Part XI · Reconciliation of net assets $91,282,243 net assets at year end

XI-1 Total revenue$82,117,471

XI-2 Total expenses$81,228,212

XI-3 Revenue less expenses$889,259

XI-4 Net assets at start of year$90,438,061

XI-9 Other changes in net assets−$45,077

XI-10 Net assets at end of year$91,282,243

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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