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Twin County Electric Power Assn

Organization summary

Type of Nonprofit

Designated as a Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$32.7M (2023)

Expenses
$32.7M (2023)

Total Assets
$78.6M (2023)

Total Liabilities
$34.1M (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$32,700,681
Expenses
$32,700,681
Net Income
$0
Net Assets
$44,520,283
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,990,075
97.8%
Investment Income $109,099
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $601,507
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $533,304
1.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $78,640,102
Total Liabilities $34,119,819
Net Assets $44,520,283
Club or Co-Op Income
Income From Members $31,654,173
Income From Other Sources $710,606
Compensation
Key Employees and Officers Compensation Related Other
Tim W Perkins (General Mgr) $163,325 $0 $48,795
Michael Lang (Engineering) $151,126 $0 $46,186
Daniel B Cochran (Branch Manag) $149,544 $0 $42,556
Walter M Trawick (Purchasing A) $146,059 $0 $47,590
Marcus L Ross (Branch Manag) $141,942 $0 $38,187
Thomas Price (Branch Manag) $139,406 $0 $50,160
Clayton Seymour Jr (Manager Acct) $128,585 $0 $43,459
Joel B Cunningham (President) $15,600 $0 $0
James T Bruton (Sec/Treas.) $15,000 $0 $0
Jamie Murrell (Director) $8,400 $0 $0
Bryan E Thomas (Director) $8,400 $0 $0
W Clarke Carter (Director) $7,800 $0 $0
Timothy A Clements (Asst Sec/Tre) $7,800 $0 $0
Kenneth Fratesi (Director) $7,800 $0 $0
Neill Nichols (Vice Preside) $7,800 $0 $0
Norma Quin (Director) $7,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,617,595
Expenses
$31,617,595
Net Income
$0
Net Assets
$43,760,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $30,945,393
97.9%
Investment Income $79,964
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $592,238
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $457,206
1.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $72,364,676
Total Liabilities $28,604,200
Net Assets $43,760,476
Club or Co-Op Income
Income From Members $30,620,882
Income From Other Sources $672,202
Compensation
Key Employees and Officers Compensation Related Other
Tim W Perkins (General Mgr) $167,464 $0 $43,147
Daniel B Cochran (Branch Manag) $148,199 $0 $39,275
Walter M Trawick (Purchasing A) $137,966 $0 $43,990
Michael Lang (Engineering) $132,919 $0 $37,097
Thomas Price (Branch Manag) $128,503 $0 $42,331
Terry E Newton (Supt. Oper./) $126,756 $0 $41,312
Clayton Seymour Jr (Manager Acct) $119,592 $0 $38,803
Joel B Cunningham (President) $16,800 $0 $0
James T Bruton (Sec/Treas.) $14,400 $0 $0
Neill Nichols (Vice Preside) $10,200 $0 $0
Timothy A Clements (Asst Sec/Tre) $9,000 $0 $0
Bryan E Thomas (Director) $8,400 $0 $0
W Clarke Carter (Director) $7,800 $0 $0
Kenneth Fratesi (Director) $7,800 $0 $0
Jamie Murrell (Director) $7,800 $0 $0
Norma Quin Appointed In 2022 (Director) $5,400 $0 $0
Billy George Janous Resigned In 202 (Director) $600 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,011,024
Expenses
$29,011,024
Net Income
$0
Net Assets
$43,031,872
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,337,941
97.7%
Investment Income $86,620
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $586,463
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $239,655
0.8%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $72,981,279
Total Liabilities $29,949,407
Net Assets $43,031,872
Club or Co-Op Income
Income From Members $28,026,891
Income From Other Sources $673,083
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Wolford (Mngr. Of Eng) $159,701 $0 $45,875
Tim W Perkins (General Mgr) $145,104 $0 $41,562
Walter M Trawick (Purchasing A) $138,353 $0 $41,703
Michael Lang (Engineering) $134,651 $0 $34,705
Daniel B Cochran (Branch Manag) $132,071 $0 $37,309
Thomas Price (Branch Manag) $128,933 $0 $39,597
Clayton Seymour Jr (Manager Acct) $112,740 $0 $35,687
Joel B Cunningham (President) $13,310 $0 $0
Billy George Janous (Vice Preside) $12,291 $0 $0
Neill Nichols (Secretary/Tr) $10,482 $0 $0
Jamie Murrell (Director) $9,725 $0 $0
Timothy A Clements (Director) $8,714 $0 $0
John B Reed Resigned 2021 (President Fo) $8,635 $0 $0
Bryan E Thomas (Director) $8,635 $0 $0
W Clarke Carter (Director) $8,557 $0 $0
James T Bruton (Assistant Se) $8,439 $0 $0
Kenneth Fratesi Appointed 2021 (Director) $2,440 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,324,703
Expenses
$29,324,703
Net Income
$0
Net Assets
$42,692,681
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,640,449
97.7%
Investment Income $125,895
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $558,359
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $266,510
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $74,751,014
Total Liabilities $32,058,333
Net Assets $42,692,681
Club or Co-Op Income
Income From Members $28,342,802
Income From Other Sources $684,254
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Wolford (Mngr. Of Eng) $149,579 $0 $41,950
Tim W Perkins (General Mgr) $140,806 $0 $40,504
Walter M Trawick (Purchasing A) $130,385 $0 $40,092
Marcus L Ross (Branch Manag) $125,608 $0 $32,245
Thomas Price (Branch Manag) $120,593 $0 $38,012
Terry E Newton (Supt. Oper./) $119,553 $0 $37,549
Billy George Janous (Secretary/Tr) $15,000 $0 $0
John B Reed (President) $15,000 $0 $0
Timothy A Clements (Director) $8,400 $0 $0
Joel B Cunningham (Vice Preside) $8,400 $0 $0
Jamie Murrell (Director) $8,400 $0 $0
Bryan E Thomas (Director) $8,400 $0 $0
Neill Nichols (Director) $7,800 $0 $0
James T Bruton (Director) $7,200 $0 $0
Merlin S Richardson (Director (De) $5,400 $0 $0
W Clarke Carter (Director) $1,200 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$29,551,354
Expenses
$29,551,354
Net Income
$0
Net Assets
$41,123,589
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $28,886,997
97.8%
Investment Income $106,231
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $558,126
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $257,242
0.9%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,028,786
Total Liabilities $31,905,197
Net Assets $41,123,589
Club or Co-Op Income
Income From Members $28,591,983
Income From Other Sources $664,357
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Wolford (Mngr. Of Eng) $143,581 $0 $43,693
Tim W Perkins (General Mgr ) $139,130 $0 $39,512
Walter M Trawick (Purchasing A) $128,448 $0 $40,319
Marcus L Ross (Branch Manag) $120,997 $0 $42,450
Thomas Price (Branch Manag) $117,352 $0 $46,829
Terry E Newton (Supt. Oper./) $115,441 $0 $42,259
John B Reed (President) $15,600 $0 $0
Billy George Janous (Secretary/Di) $14,400 $0 $0
James T Bruton (Director) $7,800 $0 $0
Neill Nichols (Director) $7,800 $0 $0
Joel B Cunningham (Vice Preside) $7,200 $0 $0
Merlin S Richardson (Director) $7,200 $0 $0
Bryan E Thomas (Director) $7,200 $0 $0
Timothy A Clements (Director) $6,600 $0 $0
Jamie Murrell (Director) $4,200 $0 $0
James R Carter Resigned In 2019 (Director) $600 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$31,872,262
Expenses
$31,872,262
Net Income
$0
Net Assets
$41,805,480
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $31,056,882
97.4%
Investment Income $96,997
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $718,383
2.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $222,450
0.7%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,228,544
Total Liabilities $31,423,064
Net Assets $41,805,480
Club or Co-Op Income
Income From Members $30,775,650
Income From Other Sources $815,380
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Wolford (Mngr. Of Eng) $138,087 $0 $40,114
Tim W Perkins (General Mgr ) $124,605 $0 $35,345
Walter M Trawick (Purchasing A) $122,305 $0 $37,067
Marcus L Ross (Branch Manag) $117,422 $0 $29,591
Daniel B Cochran (Branch Manag) $113,015 $0 $28,668
Thomas Price (Branch Manag) $112,603 $0 $35,028
John B Reed (President) $12,200 $0 $0
Billy George Janous (Secretary/Di) $11,700 $0 $0
Joel B Cunningham (Director) $5,600 $0 $0
Timothy A Clements (Director) $5,600 $0 $0
Bryan E Thomas (Director) $5,600 $0 $0
Merlin S Richardson (Director) $5,600 $0 $0
James T Bruton (Director) $5,600 $0 $0
Neill Nichols (Director) $5,600 $0 $0
James R Carter (Vice Preside) $5,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,122,617
Expenses
$30,122,617
Net Income
$0
Net Assets
$39,859,795
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,467,453
97.8%
Investment Income $61,422
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $593,742
2.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $303,337
1.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,376,544
Total Liabilities $33,516,749
Net Assets $39,859,795
Club or Co-Op Income
Income From Members $29,183,787
Income From Other Sources $655,164
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Wolford (Mngr. Of Eng) $132,738 $0 $38,442
Tim W Perkins (General Mgr ) $117,844 $0 $32,872
Walter M Trawick (Purchasing A) $117,575 $0 $35,579
James M Manor (Serviceman) $115,035 $0 $27,811
Marcus L Ross (Branch Manag) $112,479 $0 $28,151
Daniel B Cochran (Branch Manag) $108,658 $0 $27,289
John Mosley (General Mgr ) $73,538 $0 $16,083
John B Reed (President) $12,000 $0 $0
Billy George Janous (Secretary/Di) $12,000 $0 $0
Joel B Cunningham (Director) $6,000 $0 $0
Timothy A Clements (Director) $6,000 $0 $0
Merlin S Richardson (Director) $6,000 $0 $0
Neill Nichols (Director) $6,000 $0 $0
Bryan E Thomas (Director) $5,500 $0 $0
James T Bruton (Director) $5,000 $0 $0
James R Carter (Vice Preside) $4,500 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$30,279,765
Expenses
$30,279,765
Net Income
$0
Net Assets
$38,142,190
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $29,506,668
97.4%
Investment Income $60,633
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $712,464
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $191,756
0.6%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $73,360,308
Total Liabilities $35,218,118
Net Assets $38,142,190
Club or Co-Op Income
Income From Members $29,506,668
Income From Other Sources $773,097
Compensation
Key Employees and Officers Compensation Related Other
Kenneth Wolford (Mngr. Of Eng) $127,635 $0 $37,530
Walter M Trawick (Purchasing A) $113,056 $0 $34,835
Tim W Perkins (Assistant Ma) $111,171 $0 $32,083
Marcus L Ross (Branch Manag) $108,143 $0 $27,461
James M Manor (Serviceman) $105,984 $0 $27,501
John Mosley (General Mana) $97,951 $0 $32,305
John B Reed (President) $11,500 $0 $0
Billy George Janous (Secretary/Di) $10,500 $0 $0
James R Carter (Vice Preside) $6,000 $0 $0
Timothy A Clements (Director) $6,000 $0 $0
Bryan E Thomas (Director) $6,000 $0 $0
Merlin S Richardson (Director) $6,000 $0 $0
Joel B Cunningham (Director) $5,500 $0 $0
James T Bruton (Director) $5,000 $0 $0
Neill Nichols (Director) $5,000 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,123,186
Expenses
$11,874,874
Net Income
$1,248,312
Net Assets
$34,589,170
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $788,274
6.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $12,334,912
94.0%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $72,620,688
Total Liabilities $38,031,518
Net Assets $34,589,170
Club or Co-Op Income
Income From Members $30,258,741
Income From Other Sources $788,274

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,947,740
Expenses
$11,840,310
Net Income
$107,430
Net Assets
$33,340,858
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $777,386
6.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $6,436
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $11,163,918
93.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,619,331
Total Liabilities $36,278,473
Net Assets $33,340,858
Club or Co-Op Income
Income From Members $29,182,036
Income From Other Sources $783,822

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$11,861,124
Expenses
$11,703,619
Net Income
$157,505
Net Assets
$33,233,428
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,008,426
8.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $461
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $10,852,237
91.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $69,166,418
Total Liabilities $35,932,990
Net Assets $33,233,428
Club or Co-Op Income
Income From Members $29,398,478
Income From Other Sources $1,008,887

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,002,884
Expenses
$11,350,376
Net Income
$652,508
Net Assets
$33,075,923
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,332,502
11.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $482
0.0%
Net Inventory Sales $10,669,900
88.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $65,131,622
Total Liabilities $32,055,699
Net Assets $33,075,923
Club or Co-Op Income
Income From Members $30,736,740
Income From Other Sources $1,332,984

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,513,755
Expenses
$10,986,057
Net Income
$1,527,698
Net Assets
$32,423,415
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $1,008,457
8.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $263
0.0%
Net Inventory Sales $11,505,035
91.9%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $62,886,581
Total Liabilities $30,463,166
Net Assets $32,423,415
Club or Co-Op Income
Income From Members $31,530,081
Income From Other Sources $1,008,720

Document Links

Fiscal Year Ending Dec.
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending Dec.
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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