Tennessee Valley Authority Cherokee Electric Cooperative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 630040445 ✦ Centre, AL ✦ Designated as a 501(c)(12)

Overview

What is Tennessee Valley Authority Cherokee Electric Cooperative?

Tennessee Valley Authority Cherokee Electric Cooperative, based in Centre, Alabama, serves as a utility company dedicated to delivering electric power to its members in portions of Cherokee, DeKalb, Marshall, Etowah, and Calhoun Counties. With over 75 employees, they manage approximately 2,816 miles of distribution lines to provide 488 million kilowatt-hours of electric energy annually. Their mission is to ensure the most affordable and reliable electric service for their cooperative members.


Official website here: www.cherokee.coop

Is Tennessee Valley Authority Cherokee Electric Cooperative legitimate?

Tennessee Valley Authority Cherokee Electric Cooperative is a legitimate nonprofit organization registered as a 501(c)(12) entity. Tennessee Valley Authority Cherokee Electric Cooperative submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $861,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.cherokee.coop

What is the mission statement of Tennessee Valley Authority Cherokee Electric Cooperative?

The Tennessee Valley Authority Cherokee Electric Cooperative is dedicated to delivering electric utility services to its members. Its mission is to ensure the provision of dependable electric power and related services at the most reasonable cost. The cooperative utilizes extensive distribution lines to deliver over 488 million kilowatt-hours of electricity to its members located in various counties. Their goal is to maintain a consistent power supply and keep costs affordable for the community they serve.


Official website here: www.cherokee.coop

Who is the CEO of Tennessee Valley Authority Cherokee Electric Cooperative?

Randal Wilkie is the Director/Vice President of Tennessee Valley Authority Cherokee Electric Cooperative. The CEO's salary of Tennessee Valley Authority Cherokee Electric Cooperative is $284,327 and their total compensation is $414,051.


Official website here: www.cherokee.coop

What is the revenue of Tennessee Valley Authority Cherokee Electric Cooperative?

Tennessee Valley Authority Cherokee Electric Cooperative's revenue in 2023 was $66,658,185.


Official website here: www.cherokee.coop

Who are the executives of Tennessee Valley Authority Cherokee Electric Cooperative and what are their salaries?

The average compensation at Tennessee Valley Authority Cherokee Electric Cooperative during 2023 was $11,490. There are 75 employees at Tennessee Valley Authority Cherokee Electric Cooperative.

Here are 9 key members and their salaries (Tennessee Valley Authority Cherokee Electric Cooperative's CEO's salary is $284,327 and their total compensation is $414,051):

    Randal Wilkie (General Manager/Ceo)
  • Compensation: $284,327
  • Related: $0
  • Other: $129,724

    • Honey Trammell (Chief Financial Officer)
  • Compensation: $127,021
  • Related: $0
  • Other: $80,204

    • Ronnie Gaylor (Director)
  • Compensation: $35,305
  • Related: $0
  • Other: $0

    • Kennith Moseley (Director)
  • Compensation: $35,166
  • Related: $0
  • Other: $0

    • Dewitt Cox (Director/Vice President)
  • Compensation: $35,054
  • Related: $0
  • Other: $0

    • Phylis Hill (Director)
  • Compensation: $35,047
  • Related: $0
  • Other: $0

    • Thomas Hilburn (Director)
  • Compensation: $35,003
  • Related: $0
  • Other: $0

    • Doris Salter (Director/Secretary/Treasur)
  • Compensation: $33,045
  • Related: $0
  • Other: $0

    • Wayne Clanton (Director/President)
  • Compensation: $31,891
  • Related: $0
  • Other: $0


  • Official website here: www.cherokee.coop

    Where can I find the form 990 for Tennessee Valley Authority Cherokee Electric Cooperative?

    The Tennessee Valley Authority Cherokee Electric Cooperative’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.cherokee.coop

    Learn more at the official website: www.cherokee.coop

    Mission Statement of Tennessee Valley Authority Cherokee Electric Cooperative

    Tennessee Valley Authority Cherokee Electric Cooperative, also known as TVA Cherokee, is dedicated to delivering electric utility services to its cooperative members. In doing so, the cooperative strives to offer reliable electric power and related services at the most affordable cost. With approximately 2,816 miles of distribution lines, TVA Cherokee successfully supplied its members with a substantial amount of electric energy. In the fiscal year, they distributed an impressive 488,767,681 kilowatt-hours to their members located in various counties.

    TVA Cherokee's mission goes beyond just supplying electricity. They are committed to ensuring that their members have access to dependable and economical power sources. By focusing on affordability, the cooperative aims to make a positive impact on the communities it serves. As a key utility provider, TVA Cherokee plays a crucial role in enriching the lives of its members by providing them with the energy they need to power their homes and businesses.

    Impact

    This information is meant to be a general summary of Tennessee Valley Authority Cherokee Electric Cooperative. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Tennessee Valley Authority Cherokee Electric Cooperative's impact is significant in providing reliable electric power to its members in portions of Cherokee, DeKalb, Marshall, Etowah, and Calhoun Counties in Alabama. With approximately 2,816 miles of distribution lines, the cooperative delivered 488,767,681 kilowatt-hours of electric energy to its members. This ensures that residents and businesses in the region have access to essential electricity services for their daily needs.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $734,451
  • Program Service Revenue: $65,493,474
  • Gross Receipts: $66,658,185

    • Assets and Liabilities:
  • Total Assets: $141,153,336
  • Total Liabilities: $37,990,176
  • Net Assets: $103,163,160
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Sales of Electricity

    Revenue

    $65,421,846

    Patronage Dividends

    Revenue

    $71,628

    Organization Details

    Founding Year

    1937

    Principal Officer

    Randal Wilkie

    Main Address

    Drawer O, Centre, AL, 35960

    NTEE Category

    Code: W80 - Public benefit

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