Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1938.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
16 people listed on the 990; $1.6M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| R Wayne Livingston | $534,838 | $504,946 | $477,941 | $434,708 | $394,869 | $385,514 |
| Randy Shepard | $306,234 | $320,235 | $317,740 | $304,498 | $280,944 | $287,498 |
| Andrew Kilgore | $271,271 | $250,317 | $224,295 | $206,372 | $186,036 | $180,446 |
| Jamin Blair | $260,194 | $240,960 | $221,862 | $205,566 | $192,720 | $190,044 |
| Steve Tittle | $202,656 | $193,055 | $176,244 | $163,401 | — | — |
| Kirk King | $197,692 | $184,554 | — | — | $154,655 | — |
| Charles Redmond | — | — | $184,674 | $173,689 | — | — |
| Chuck Redmond | — | — | — | — | $161,388 | $160,503 |
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.
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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 15aYes
Programs and updates
Delivers affordable, high-quality electricity to all within its service area.
Questions for Diverse Power Incorporated
Your first name shows with your question. Diverse Power Incorporated answers here, for everyone.
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To provide the best possible electric service to all who desire it within the system area at a reasonable cost consistent with the highest standards of service.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $9.6M | $6.6M |
| InvestmentsLn 11–13 | $15.7M | $16.4M |
| Land, buildings, equipmentLn 10c | $168.0M | $174.5M |
| Total assetsLn 16 | $209.0M | $214.5M |
| LiabilitiesLn 26 | $138.8M | $143.3M |
| Net assetsLn 32 | $70.2M | $71.2M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Benefits paid to or for membersLn 4 | $1.2M | |||
| Pay of current officers, directors and key staffLn 5 | $700K | |||
| InterestLn 20 | $5.6M | |||
| Depreciation, depletion and amortizationLn 22 | $10.4M | |||
| Other expenses (24a–d)Ln 24 | $74.1M | |||
| All other expensesLn 24e | $5.5M | |||
| Total functional expensesLn 25 | $97.4M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $128.3M | $128.3M | $0 | $103.7M | 990 PDF |
| FY2024 | $119.8M | $119.8M | $0 | $93.5M | 990 PDF |
| FY2023 | $117.2M | $117.2M | $0 | $85.5M | 990 PDF |
| FY2022 | $117.8M | $117.8M | $0 | $78.7M | 990 PDF |
| FY2021 | $97.6M | $98.3M | −$734K | $72.1M | 990 PDF |
| FY2020 Viewing | $94.6M | $97.4M | −$2.9M | $71.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $94,550,023 revenue, 12 lines filed
Part VI · Governance 10 of 10 board members independent, no flags
Part VIII · Statement of revenue $94,550,023 across 4 lines filed
Part IX · Statement of functional expenses $97,436,103 across 6 lines filed
Part X · Balance sheet $214,481,913 assets, 13 lines filed
Part XI · Reconciliation of net assets $71,203,380 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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