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Nonprofit · EIN 62-0382231

TENNESSEE VALLEY ELECTRIC COOPERATIVE

Tax-exempt · SAVANNAH, TN 38372

Financials

$48.3M$47.5M2023$51.6M$51.5M2024
Revenue Expenses · by fiscal year end
Financials of TENNESSEE VALLEY ELECTRIC COOPERATIVE by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$51,579,483$51,453,828$125,655$115,075,645$59,258,089$55,817,556
June 30, 2024990$48,329,416$47,530,247$799,169$107,912,342$52,220,441$55,691,901
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$50,796,794
Investment income
$782,689
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$295,797
Other salaries and wages
$5,068,025
Salaries, compensation and benefits (total)
$7,559,345
Professional fundraising fees
$0
Legal fees
$17,709
Accounting fees
$26,750
Occupancy
$988,355
Depreciation
$3,045,189

Balance sheet and other

Total assets, start of year
$107,912,342
Total assets, end of year
$115,075,645
Total liabilities, end of year
$59,258,089
Net assets, end of year
$55,817,556
Land, buildings and equipment
$83,670,161
Gross receipts
$51,579,483
Employees
94
Year formed
1939
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
GERALD L TAYLOR JRGENERAL MANA
Key employee
40$230,797
WILLIAM HOWARDDIRECTOR
Trustee or director
6.27$12,150
RONALD FRANKSPRESIDENT
Trustee or director, Officer
5.77$11,900
KEVIN ROBERTSONDIRECTOR
Trustee or director
0$10,850
PAUL JAGGARSDIRECTOR
Trustee or director
0.73$9,650
RICHARD LACHERSECOND VICE
Trustee or director, Officer
0$7,900
TERRY WEAVERFIRST VICE P
Trustee or director, Officer
1.72$6,900
HASKEL JERROLDSSECRETARY/TR
Trustee or director, Officer
0.55$5,650
990 for the year ended June 30, 2024: 8 people
NameTitleHours / weekCompensation
GERALD L TAYLOR JRGENERAL MANA
Key employee
40$202,822
RONALD FRANKSPRESIDENT
Trustee or director, Officer
2.82$8,950
WILLIAM HOWARDDIRECTOR
Trustee or director
4.37$8,950
PAUL JAGGARSDIRECTOR
Trustee or director
0.56$8,450
RICHARD LACHERSECOND VICE
Trustee or director, Officer
–$7,700
TERRY WEAVERFIRST VICE P
Trustee or director, Officer
1.01$7,450
KEVIN ROBERTSONDIRECTOR
Trustee or director
–$7,250
HASKEL JERROLDSSECRETARY/TR
Trustee or director, Officer
0.82$5,450

Address and contacts

Address (IRS master file)
590 FLORENCE RD, SAVANNAH, TN 38372-3127
Principal officer (990 for 2024)
GERALD L TAYLOR JR, 590 FLORENCE ROAD, SAVANNAH, TN 38372
Signed the 990
GERALD L TAYLOR JR, GENERAL MANAGER
Phone
(731) 925-4916
Website
TVEC.COM
Return prepared by
GODWIN & ASSOCIATES PLLC

Mission

FORM 990, PART III, LINE 4D: TO PROVIDE OUR CONSUMER CUSTOMERS WITH SAFE, RELIABLE ELECTRICITY AT THE LOWEST POSSIBLE PRICE.

990 for the year ended June 30, 2025

Program accomplishments

  • PROVIDING ELECTRICTY TO MEMBERS.
    Expenses $51,453,828 · revenue $50,796,794

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
62-0382231
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1947
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$115,075,645
Income (IRS master file)
$51,579,483

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$51,579,483$51,453,828$115,075,645IRS
990June 2024$48,329,416$47,530,247$107,912,342IRS
990June 2023$50,137,214$47,528,333$72,776,537IRS
990June 2022–––IRS
990June 2021–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-0382231).

Questions about TENNESSEE VALLEY ELECTRIC COOPERATIVE

What is the EIN of TENNESSEE VALLEY ELECTRIC COOPERATIVE?
The employer identification number (EIN) of TENNESSEE VALLEY ELECTRIC COOPERATIVE is 62-0382231.
Is TENNESSEE VALLEY ELECTRIC COOPERATIVE tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1947.
Are donations to TENNESSEE VALLEY ELECTRIC COOPERATIVE tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does TENNESSEE VALLEY ELECTRIC COOPERATIVE file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of TENNESSEE VALLEY ELECTRIC COOPERATIVE due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did TENNESSEE VALLEY ELECTRIC COOPERATIVE last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of TENNESSEE VALLEY ELECTRIC COOPERATIVE?
The 990 for the year ended June 30, 2025 names GERALD L TAYLOR JR.
Who are the officers and directors of TENNESSEE VALLEY ELECTRIC COOPERATIVE?
The 990 for the year ended June 30, 2025 lists 8 people; 8 received compensation from the organization, the highest $230,797 (GERALD L TAYLOR JR, GENERAL MANA).
How much revenue does TENNESSEE VALLEY ELECTRIC COOPERATIVE have?
On its 990 for the year ended June 30, 2025 it reported revenue of $51,579,483, expenses of $51,453,828 and total assets of $115,075,645 at year end.

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