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
What are the reviews and ratings of this charity?
The Tennessee Valley Authority Cherokee Electric Cooperative is not currently rated by Charity Navigator. The lack of a rating indicates that this organization has not been assessed by Charity Navigator, primarily due to its foundation status as an entity other than a 501(c)(3) nonprofit. This classification means that many of the typical evaluation metrics, such as Accountability & Finance and Impact & Measurement, cannot be applied to this cooperative.
Charity Navigator evaluates only IRS-registered 501(c)(3) organizations. This means key data like Total Revenue, Expenses, and Salary of Key Persons are not available, leaving a gap in transparency typical for rated entities. However, this absence of a formal rating is not an indication of either strength or weakness, simply reflecting the cooperative's different operational structure compared to traditional nonprofits.
No user reviews have been found on GreatNonprofits for the Tennessee Valley Authority Cherokee Electric Cooperative. Therefore, public sentiment and feedback cannot be summarized at this time.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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):
- Compensation: $35,054
- Related: $0
- Other: $0
- Compensation: $33,045
- Related: $0
- Other: $0
- Compensation: $35,166
- Related: $0
- Other: $0
- Compensation: $35,305
- Related: $0
- Other: $0
- Compensation: $35,003
- Related: $0
- Other: $0
- Compensation: $31,891
- Related: $0
- Other: $0
- Compensation: $35,047
- Related: $0
- Other: $0
- Compensation: $127,021
- Related: $0
- Other: $80,204
- Compensation: $284,327
- Related: $0
- Other: $129,724
Official website here: www.cherokee.coop
Where can I find the form 990 for Tennessee Valley Authority Cherokee Electric Cooperative?
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.
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Impact
October, 2024
Tennessee Valley Authority Cherokee Electric Cooperative plays a crucial role in delivering reliable electric utility services to its members across several counties in Alabama. With approximately 2,816 miles of distribution lines, the cooperative supplied a substantial 488,767,681 kilowatt-hours of electric energy, significantly supporting the energy needs of its members in Cherokee, DeKalb, Marshall, Etowah, and Calhoun Counties.
By focusing on providing affordable and dependable power, Cherokee Electric Cooperative enhances the quality of life for its community, contributing to economic stability and growth. The cooperative's commitment to public benefit not only ensures access to essential services but also fosters a sense of community among its members, making it an integral part of the region's infrastructure.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(256) 927-5524Principal Officer
Randal Wilkie
Main Address
Drawer O, Centre, AL, 35960
Website
www.cherokee.coopNTEE Category
Code: W80 - Public benefit
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