Tennessee Valley Public Power Assoc Inc

Nonprofit profile at a glance

EIN
620468356
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Chattanooga, TN, USA
Phone
4237566511
Rating confidence
Limited

Reported finances

Revenue
$10,716,511
Expenses
$10,725,994
Assets
$37,481,812
Liabilities
$3,114,951

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • DOUGLAS J PETERS (PRESIDENT/CEO)
  • DANETTE G SCUDDER (EXECUTIVE VICE-PRESIDENT)
  • NATHALIE H STRICKLAND (VICE-PRESIDENT)
  • BRADLEY L RAINS (VICE-PRESIDENT)
  • JAMES L SHEFFIELD (VICE-PRESIDENT)

Highest reported compensation

  • DOUGLAS J PETERS (PRESIDENT/CEO): $409,003 total reported compensation
  • DANETTE G SCUDDER (EXECUTIVE VICE-PRESIDENT): $280,225 total reported compensation
  • NATHALIE H STRICKLAND (VICE-PRESIDENT): $205,547 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the association is to represent the common interests of its members to tva, to promote the common interests and efficiencies of its members and to promote the professional developoment of its members' employees.

What it reported doing in 2024

The principal, or primary program service is to provide, through both tvppa personnel and volunteer efforts of municipal and cooperative electric system managers with tvppa staff support, the following: consultation, advice, and representation through expert professional assistance to the association's members in their ongoing relationships with tva with respect to terms and conditions of contracts, rates, conservation programs, and other matters to aid and facilitate the municipal and cooperative electric member utilities in achieving their objective to sell electric energy and power to the ultimate consumer ratepayer at the lowest feasible rate.

Operating model

Revenue model
Earned-program. 78% 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: 79
  • Accountability: 100
  • Sustainability: 47
  • Growth: 60

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; 62nd 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: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 88.1%; rating input score 88; 19th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: -0.1%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 3.49; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 18.2%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.2% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 5.3% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 19 of 19 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $409K · 31 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.2M reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 7 filed schedules · includes grants, executive pay, and related organizations
  • Filing history: 11 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 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.

  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.