2024-11-14T13:58:07-06:00 2023-12-31 620713250 KRAFTCPAS PLLC 6136 SHALLOWFORD ROAD 101 CHATTANOOGA TN 374217214 990 2023-01-01 620468356 TENNESSEE VALLEY PUBLIC POWER ASSOC INC TENN 4237566511 P O BOX 6189 CHATTANOOGA TN 374016189 DOUGLAS J PETERS PRESIDENT/ CHIEF EXECUTIVE OFFICER 4237566511 2024-11-14 1 1 FRANCES E LEAHY P00713593 4238947400 2024-11-14 2023 2024-10-15 13:58:12Z DOUGLAS J PETERS P O BOX 6189 CHATTANOOGA TN 374016189 10913642 0 X TVPPA.COM X 1950 TN REPRESENT MEMBER INTERESTS, PROMOTE EFFICIENCY AND PROFESSIONAL DEVELOPMENT FOR EMPLOYEES 19 19 21 0 1525185 0 2069383 1928503 6661132 8567134 179284 216576 -313815 -104348 8595984 10607865 0 0 0 0 3240129 3355483 0 0 0 5448725 6588332 8688854 9943815 -92870 664050 35095876 37075495 1314520 1801456 33781356 35274039 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. 0 0 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. A SECOND MAJOR ORGANIZATION MEMBER PROGRAM IS THE OFFERING OF EDUCATIONAL AND PROFESSIONAL DEVELOPMENT, TRAINING AND INSTRUCTION TO ADVANCE THE PROFESSIONAL DEVELOPMENT OF EMPLOYEES OF THE ASSOCIATION'S MEMBERS AND OTHERS IN THE INDUSTRY WHOSE OCCUPATIONAL RESPONSIBILITIES ARE IN DISCIPLINES SUCH AS ENGINEERING, OPERATIONS, FINANCE, ACCOUNTING, HUMAN RESOURCES AND MANAGEMENT SERVICES. A THIRD AREA OF THE ASSOCIATION'S PRIMARY ACTIVITIES IS COMMUNICATION IN BOTH WRITTEN AND ELECTRONIC FORM, AS WELL AS IN THE MEDIA, WITH ITS MEMBERS AND THEIR KEY STAFF, PUBLIC OFFICIALS, POLICYMAKERS AND THE GENERAL PUBLIC WITH REGARD TO THE ACTIVITIES OF MUNICIPAL COOPERATIVE ELECTRIC SYSTEMS IN THE TVA REGION, DEVELOPMENT OF NATIONAL INTEREST AFFECTING THE OPERATIONS OF MUNICIPAL AND COOPERATIVE NONPROFIT ELECTRIC SYSTEMS, TECHNICAL ADVANCES, AND PUBLIC POLICY DEVELOPMENTS AFFECTING THE ELECTRIC ENERGY INDUSTRY, PARTICULARLY IN THE TVA REGION. 0 1 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 101 0 1 21 1 1 1 0 0 0 0 0 0 0 X 19 19 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X AMANDA HAMMOCK 4237566511 1206 BROAD STREET CHATTANOOGA TN 37402 WES KELLEY DIRECTOR 4.00 X X 0 0 0 KEITH CARNAHAN START 523 VICE-CHAIRMAN 2.00 X X 0 0 0 KENNY BAIRD END 523 SECRETARY/TREASURER 3.00 X X 0 0 0 JEFF NEWMAN END 523 DIRECTOR 1.00 X 0 0 0 LARRY KERNEA END 523 DIRECTOR 1.00 X 0 0 0 BRIAN SKELTON DIRECTOR 1.00 X 0 0 0 DAVID WADE END 523 DIRECTOR 2.00 X 0 0 0 JEFF HURD DIRECTOR 2.00 X 0 0 0 GEORGE KITCHENS END 223 DIRECTOR 1.00 X 0 0 0 DAVID CROSS START 723 END 923 SECRETARY/TREASURER 2.00 X X 0 0 0 JAMES SANDLIN DIRECTOR 1.00 X 0 0 0 ROB NEELY START 923 SECRETARY/TREASURER 3.00 X X 0 0 0 ALEX SMITH DIRECTOR 1.00 X 0 0 0 ALAN GATES DIRECTOR 1.00 X 0 0 0 CHRIS DAVIS DIRECTOR 2.00 X 0 0 0 JARROD BRACKETT START 72023 CHAIRMAN 5.00 X X 0 0 0 RAY HARDIN START 72023 VICE-CHAIRMAN 2.00 X X 0 0 0 TIM SMITH DIRECTOR 1.00 X 0 0 0 SHANNON LITTLETON DIRECTOR 1.00 X 0 0 0 GABE BOLAS STARTED 523 DIRECTOR 1.00 X 0 0 0 JODY WIGINGTON STARTED 523 DIRECTOR 1.00 X 0 0 0 KENDALL BEAR STARTED 523 DIRECTOR 1.00 X 0 0 0 LOYD MUNCEY STARTED 523 DIRECTOR 1.00 X 0 0 0 STACEY WHITE STARTED 523 DIRECTOR 1.00 X 0 0 0 TIM CULPEPER STARTED 923 DIRECTOR 1.00 X 0 0 0 DOUGLAS J PETERS PRESIDENT/CEO 50.00 X 355836 0 112988 DANETTE G SCUDDER EXECUTIVE VICE-PRESIDENT 40.00 X 229749 0 93099 JAMES L SHEFFIELD VICE-PRESIDENT 40.00 X 173822 0 71305 NATHALIE H STRICKLAND VICE-PRESIDENT 40.00 X 164619 0 75143 BRADLEY L RAINS VICE-PRESIDENT 40.00 X 162961 0 43930 BAVARIA A HAMMOCK DIRECTOR, ACCOUNTING AND F 40.00 X 165492 0 69181 BERNADETTE MARTIN DIRECTOR-HUMAN RESOURCES 40.00 X 141250 0 50853 DIANA BRYANT DIRECTOR, CONFERENCES & EVENTS 40.00 X 103849 0 58521 CALEB HALL DIRECTOR,EDUCATION & TRAINING 40.00 X 136187 0 66842 1633765 0 641862 9 0 1 0 CATALYST NORTH 5316 KELLYS POINT OOLTEWAH TN 37363 INSTRUCTOR 220000 SP SAFETY SPECS 3209 EDGEWORTH LANE MEMPHIS TN 38119 INSTRUCTOR 164273 MEGUIRE WHITNEY 10 G ST NE SUITE 600 WASHINGTON DC 20002 LOBBYIST 150000 BETTER SAFETY & TRAINING PO BOX 43 CENTRE AL 35960 INSTRUCTOR 145269 PAUL WAYNE BRADSFIELD 2242 ST PAUL STREET MILLINGTON TN 38053 INSTRUCTOR 134249 11 1664532 263971 1928503 EDUCATION AND TRAINING PROGRAMS 541900 5799980 5799980 CONFERENCES 541900 1224571 1224571 SAFETY CONSULTING 541610 836774 836774 MANAGEMENT FEES 541610 667283 667283 ADVERTISING AND DIRECTORY SALES 541800 21128 21128 17398 17398 8567134 201529 201529 7222 0 7222 7222 7222 320824 305339 438 15485 -438 15047 15047 OTHER REVENUES 900099 45973 45973 NET LOSS OF SUBSIDIARY 900099 -157543 -157543 -111570 10607865 6930379 1525185 223798 X 1483451 1213938 180428 316942 160724 206063 23514 150000 13503 3527755 74328 135757 164469 135146 194496 1452612 139736 307201 MISCELLANEOUS 28596 INCENTIVES 21128 BAD DEBTS 14028 9943815 346115 371173 2996033 2714973 263971 739872 1069983 50043 79498 3580495 1813673 1490434 1766822 3719302 4383761 25691708 26003939 62369 421375 35095876 37075495 705904 814616 546247 558807 62369 428033 1314520 1801456 X 33781356 35274039 33781356 35274039 35095876 37075495 664050 828633 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 SCHEDULE C, PART III-A, LINE 1 THE NON-DEDUCTIBILITY OR DEDUCTIBILITY IS NOT MATERIAL BECAUSE MEMBERS OF TVPPA ARE MUNICIPALITIES AND RURAL ELECTRIC COOPERATIVES THAT ARE NOT TAXABLE ENTITIES. 200000 200000 2000405 1044363 956042 1072145 769310 302835 307945 307945 1766822 INVESTMENT IN SUBSIDIARY 26003939 C 26003939 DEFERRED COMPENSATION 64648 OPERATING LEASE LIABILITIES 363385 428033 X PART X, LINE 2: THE ASSOCIATION IS OPERATED AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND IS THEREFORE EXEMPT FROM FEDERAL AND STATE INCOME TAXES. THE ASSOCIATION IS TAXABLE FOR THE STATE EXCISE TAXES RELATED TO UNRELATED BUSINESS INCOME ACTIVITY. THE ORGANIZATION ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH PROVISIONS OF FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10 ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH PROVIDES A FRAMEWORK FOR HOW COMPANIES SHOULD RECOGNIZE, MEASURE, PRESENT AND DISCLOSE UNCERTAIN TAX POSITIONS WITHIN THE CONSOLIDATING FINANCIAL STATEMENTS. WITH THESE CHANGES, THE ASSOCIATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ASSOCIATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS AND DID NOT RECORD ANY PENALTIES OR INTEREST ASSOCIATED WITH UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 OR 2022. X X X 0 0 0 DOUGLAS J PETERS PRESIDENT/CEO 348336 0 7500 0 0 0 87522 0 25466 0 468824 0 0 0 DANETTE G SCUDDER EXECUTIVE VICE-PRESIDENT 222249 0 7500 0 0 0 61266 0 31833 0 322848 0 0 0 JAMES L SHEFFIELD VICE-PRESIDENT 166322 0 7500 0 0 0 45876 0 25429 0 245127 0 0 0 NATHALIE H STRICKLAND VICE-PRESIDENT 157119 0 7500 0 0 0 43310 0 31833 0 239762 0 0 0 BAVARIA A HAMMOCK DIRECTOR, ACCOUNTING AND F 157992 0 7500 0 0 0 43715 0 25466 0 234673 0 0 0 BRADLEY L RAINS VICE-PRESIDENT 155461 0 7500 0 0 0 42806 0 1124 0 206891 0 0 0 CALEB HALL DIRECTOR,EDUCATION & TRAINING 128687 0 7500 0 0 0 35009 0 31833 0 203029 0 0 0 BERNADETTE MARTIN DIRECTOR-HUMAN RESOURCES 133750 0 7500 0 0 0 37049 0 13804 0 192103 0 0 0 DIANA BRYANT DIRECTOR, CONFERENCES & EVENTS 96349 0 7500 0 0 0 26688 0 31833 0 162370 0 0 0 DOUGLAS J PETERS SERVES AS THE CEO OF TVPPA AND DISTRIBUTORS INSURANCE COMPANY 667283 MANAGEMENT AGREEMENT - AMOUNTS FROM THE MANAGEMENT CONTRACT ARE RECEIVED BY TVPPA AND ARE NOT REMITTED TO DOUGLAS J. PETERS IN ANY FORM. 0 FORM 990, PART VI, SECTION A, LINE 6 TVPPA IS ORGANIZED AS A NONPROFIT MUTUAL BENEFIT CORPORATION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF TVPPA ELECT THE MEMBERS OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ACCORDING TO THE TVPPA BYLAWS, APPROVAL IS REQUIRED BY THE MEMBERS FOR CERTAIN DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 WAS PROVIDED TO MEMBERS OF MANAGEMENT FOR REVIEW. AFTER MANAGEMENT REVIEW AND APPROVAL FOR FILING, A COPY OF THE FINALIZED FORM 990 WAS MAILED TO EACH MEMBER OF THE BOARD BEFORE THE RETURN WAS FILED WITH THE IRS. THE MEMBERS OF THE BOARD WERE INVITED TO CONTACT TVPPA MANAGMENT WITH COMMENTS OR QUESTIONS PERTAINING TO THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C TVPPA'S ETHICS AND CONFLICT OF INTEREST POLICY IS REVIEWED AT LEAST ANNUALLY WITH MEMBERS OF THE TVPPA BOARD OF DIRECTORS, OFFICERS AND KEY PERSONS, ALL OF WHOM ARE REQUIRED TO UPDATE NO LESS THAN ANNUALLY THEIR CONFLICT OF INTEREST DISCLOSURE STATEMENTS. TVPPA'S GENERAL COUNSEL REVIEWS THE POLICY AND ITS IMPLICATIONS ANNUALY WITH DIRECTORS, OFFICERS, AND KEY PERSONS. THERE IS A PROCESS FOR CONSULTATION AND DECISIONS FOR INTERPRETING APPLICATION OF THE POLICY TO SPECIFIC OR HYPOTHETICAL CIRCUMSTANCES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS USED WAS THAT COMPARABLE DATA WAS PRESENTED BY THE BOARD CHAIRMAN TO THE EXECTUTIVE COMMITTEE WHICH REVIEWS AND ESTABLISHES THE CEO'S COMPENSATION. ALSO, WITHIN THE KNOWLEDGE OF TVPPA EXECTUTIVE COMMITTEE MEMBERS WAS INFORMATION OF WHICH THEY WERE ALREADY AWARE REGARDING COMPENSATION PAID TO THE CEOS OF MUNICIPAL OR COOPERATIVE STATE-WIDE ORGANIZATIONS IN WHICH THEIR SYSTEMS WERE MEMBERS AND ON WHOSE GOVERNING BOARDS OR COMMITTEES THEY SERVE WHICH MAKES AVAILABLE COMPENSATION ARRANGEMENTS WITH THEIR CEO. THE COMPENSATION OF ALL OTHER EMPLOYEES OF TVPPA IS ESTABLISHED BY THE CEO BASED UPON ASSOCIATION INDUSTRY PREVAILING SALARIES AND BENEFITS, PREVAILING AREA AND REGIONAL MARKET SALARIES, AND OTHER INFORMATION DEEMED RELEVANT BY THE CEO, AND SUBJECT TO OVERALL BUDGET APPROVAL BY THE TVPPA BOARD OF DIRECTORS. THE BOARD HAS PLACED A WRITTEN COMPENSATION PLAN IN EFFECT FOR ANNUAL INDEPENDENT REVIEWS OF EXECTUTIVE COMPENSATION. FORM 990, PART VI, SECTION C, LINE 18 FORM 990 IS OPEN TO PUBLIC INSPECTION UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 TVPPA'S CHARTER AND CERTAIN REPORTS ARE AVAILABLE FOR PUBLIC INSPECTION IN THE OFFICE OF THE TENNESSEE SECRETARY OF STATE. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC BECAUSE FEDERAL TAX LAW DOES NOT REQUIRE SUCH DOCUMENTS TO BE MADE PUBLICLY AVAILABLE. FORM 990, PART IX, LINE 11G OTHER - PROFESSIONAL SPEAKER FEES 3,527,755. DISTRIBUTORS INSURANCE COMPANY 1206 BROAD STREET CHATTANOOGA TN 37402 621167206 PROVIDES VARIOUS INSURANCE COVERAGES TO TVPPA MEMBERS TN N/A C -157543 26003939 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 DISTRIBUTORS INSURANCE COMPANY M 307201 TOTAL OF INSURANCE PREMIUMS PAID DISTRIBUTORS INSURANCE COMPANY Q 667283 ACTUAL VALUE OF RECORDED REVENUES