North East Mississippi Electric Power Association
Legal name: North East Mississippi Epa
Nonprofit profile at a glance
- EIN
- 640214575
- IRS 990 coverage
- 2014–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Oxford, MS, United States
- Phone
- (662) 234-6331
- Rating confidence
- Limited
Reported finances
- Revenue
- $94,105,571
- Expenses
- $88,556,649
- Assets
- $213,404,969
- Liabilities
- $125,821,265
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JOHN W DAVIS (PRESIDENT)
- GENE HARTLEY (VICE PRESIDENT)
- KEITH HAYWARD (CEO)
- WALKER R ABEL (CEO - FIBER)
Highest reported compensation
- KEITH HAYWARD (CEO): $556,914 total reported compensation
- WALKER R ABEL (CEO - FIBER): $265,012 total reported compensation
- JIM MCCLURE (MANAGER OF SYSTEM OPERATIO): $206,422 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide electric utility services to members in north east mississippi. 2. Must not be in any way employed by or financially interested in a competing enterprise or business, which shall include any other utility or business selling or distributing any product or energy resource such as the sale of electric energy, natural or butane gas or other alternative energy sources such as but not limited to solar energy; or any enterprise or business which supplies the Association with significant electrical energy supplies, apparatus or components of the Association’s electrical transmission system, such as wiring, transformers, poles, metering products, or similar items or which provides television, internet, communications, fiber or broadband products or services; 3.
What it reported doing in 2024
Serve members with electric utility
Operating model
- Revenue model
- Earned-program. 90% 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 77
- Accountability: 100
- Sustainability: 59
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- 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: 5.9%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 2.41; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.59; rating input score 29; 29th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: 27.6% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 18.3% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 8.4% per year; rating input score 100; 61st percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $557K · 15 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $1.7M reported
- Consistency: 10 of 10 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Filing history: 10 filing years from 2014 to 2024
- Contacts: How to reach this organization
- Money network: 15 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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 — Sustainability: Liabilities to assets ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.