Dixie Electric Power Association
Nonprofit profile at a glance
- EIN
- 640183177
- IRS 990 coverage
- 2019–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Laurel, MS, US
- Phone
- (601) 425-2535
- Rating
- 51
- Verdict
- MIXED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $138,589,158
- Expenses
- $139,038,781
- Assets
- $373,688,768
- Liabilities
- $247,863,567
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- ROBERT SMITH (PRESIDENT)
Highest reported compensation
- RALPH R SMITH (GENERAL MANA): $586,382 total reported compensation
- AARON ZUMWALT (ADMIN & FINA): $239,609 total reported compensation
- JAMES GRANTHAM (IT MANAGER): $233,037 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Powering communities and empowering lives.
What it reported doing in 2024
Rural electric distribution cooperative that furnished electric service to 41,484 accounts as of 12/31/24
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 86
- Accountability: 100
- Sustainability: 45
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.3%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 2.69; rating input score 73; 73rd percentile among comparable filings
- Liabilities to assets ratio: 0.66; rating input score 24; 24th percentile among comparable filings
- Officer compensation ratio: 1%; rating input score 74; 74th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.5% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 12% per year; rating input score 100; 78th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $139M in reported program spending
- Leadership: top reported pay $586K · 11 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $11.5M reported
- Consistency: 13 of 15 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 6 filing years from 2019 to 2024
- Contacts: How to reach this organization
- Money network: 13 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Sustainability: Operating margin scored 25/100.
- Moderate — Transparency & Controls: Functional expense sum did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 24/100.