Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1941.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
19 people listed on the 990; $1.4M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Terry Michael Partin | $346,646 | $327,654 | $272,264 | $257,415 | $235,917 |
| Danny Kirkendoll | $224,707 | $212,557 | $186,169 | $172,939 | $159,751 |
| Samuel Myers | — | $216,364 | — | — | — |
| Thomas R McClure | — | — | $207,206 | — | — |
| F A Hatfield JR | — | — | $203,578 | $163,861 | $158,969 |
| Christopher L Brown | $169,813 | — | — | $146,174 | $145,998 |
| Roberson C Bryant | $163,048 | — | — | — | — |
| Andrew R Nunley | — | — | — | $160,388 | $138,285 |
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
Sells electricity and provides members a monthly magazine and newsletter.
Questions for Sequachee Valley Electric Cooperative
Your first name shows with your question. Sequachee Valley Electric Cooperative answers here, for everyone.
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Rural electricity distribution to 37,049 members located primarily in the southeastern tennessee counties of bledsoe, grundy, marion, and sequatchie, but also in portions of van buren, rhea, cumberland, franklin, coffee, and hamilton counties.
Provision of broadband internet access, TV and telecommunications services via fiber optic network to rural homes and businesses located in marion county, tennessee.
By the numbers
The FY2021 990, line by line.
Download 990
| Line | Start FY21 | End FY21 |
|---|---|---|
| Cash and savingsLn 1–2 | $8.9M | $13.2M |
| InvestmentsLn 11–13 | $936K | $961K |
| Land, buildings, equipmentLn 10c | $126.0M | $130.7M |
| Total assetsLn 16 | $150.0M | $157.0M |
| LiabilitiesLn 26 | $65.8M | $63.4M |
| Net assetsLn 32 | $84.2M | $93.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $842K | |||
| Other salaries and wagesLn 7 | $6.5M | |||
| Pension plan contributionsLn 8 | $1.3M | |||
| Other employee benefitsLn 9 | $1.8M | |||
| Payroll taxesLn 10 | $503K | |||
| Management feesLn 11a | $20K | |||
| Legal feesLn 11b | $14K | |||
| Accounting feesLn 11c | $21K | |||
| Advertising and promotionLn 12 | $225K | |||
| Office expensesLn 13 | $894K | |||
| Information technologyLn 14 | $421K | |||
| OccupancyLn 16 | $1.6M | |||
| TravelLn 17 | $42K | |||
| Conferences, conventions and meetingsLn 19 | $26K | |||
| InterestLn 20 | $1.8M | |||
| Depreciation, depletion and amortizationLn 22 | $7.4M | |||
| InsuranceLn 23 | $315K | |||
| Other expenses (24a–d)Ln 24 | $64.0M | |||
| Total functional expensesLn 25 | $87.7M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $121.2M | $113.1M | $8.1M | $124.9M | 990 PDF |
| FY2024 | $112.0M | $104.9M | $7.1M | $116.8M | 990 PDF |
| FY2023 | $112.6M | $105.8M | $6.8M | $109.8M | 990 PDF |
| FY2022 | Not on file | ||||
| FY2021 Viewing | $97.1M | $87.7M | $9.4M | $93.6M | 990 PDF |
| FY2020 | $91.6M | $87.2M | $4.4M | $84.2M | 990 PDF |
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Schedules filed Part IV
See the full FY2021 990 (6 parts)
Part I · Summary $97,074,458 revenue, 12 lines filed
Part VI · Governance 11 of 11 board members independent, 1 to look at
Part VIII · Statement of revenue $97,074,458 across 7 lines filed
Part IX · Statement of functional expenses $87,679,832 across 18 lines filed
Part X · Balance sheet $156,994,323 assets, 14 lines filed
Part XI · Reconciliation of net assets $93,578,303 net assets at year end
Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File
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