2026-04-01T10:35:06-04:00 2025-12-31 853667394 CORBIN & BIGGS PLLC 385-B HIGHLAND COLONY PARKWAY SUIT RIDGELAND MS 39157 990 2025-01-01 640256623 TWIN COUNTY ELECTRIC POWER ASSOCIATION TWIN 6628272262 PO BOX 158 HOLLANDALE MS 38748 JOEL B CUNNINGHAM PRESIDENT 6628272262 2026-03-31 true GEORGE M BIGGS JR P00912499 6019572001 2026-03-31 2025 2025-03-06 01:10:19Z JOEL B CUNNINGHAM PO BOX 158 HOLLANDALE MS 38748 36846086 false X HTTP://WWW.TWINCOEPA.COM/ X 1938 MS TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE. 9 9 69 0 0 33393366 35996401 257213 125622 642016 724063 34292595 36846086 0 1216947 1566479 525802 521103 0 0 32549846 34758504 34292595 36846086 0 80048511 82481172 35257615 37065376 44790896 45415796 TO PROVIDE THE MOST RELIABLE ELECTRIC SERVICE AT THE LEAST COST POSSIBLE. false false PROVIDED ELECTRICAL SERVICE TO MEMBERS. false false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false true 40 0 true 69 true false false false false false 35614760 849685 false false false X 9 9 false false false false true true true true true false false true true true true true true true true false X JAMES T BRUTON 6628272262 PO BOX 158 HOLLANDALE MS 38748 LESLIE HOLLOWAY GENERAL MANA 40.00 X 180170 0 46058 CLAYTON SEYMOUR JR MANAGER-ACCT 40.00 X 159590 0 49485 MICHAEL LANG ENGINEERING 40.00 X 160603 0 42223 THOMAS PRICE BRANCH MANAG 40.00 X 153403 0 48470 MARCUS L ROSS BRANCH MANAG 40.00 X 158505 0 42001 TERRY E NEWTON SUPT. OPER./ 40.00 X 151999 0 47308 DANIEL B COCHRAN BRANCH MANAG 40.00 X 154892 0 40996 JOEL B CUNNINGHAM PRESIDENT 2.28 X X 15600 0 0 JAMES T BRUTON SEC/TREAS. 1.85 X X 13200 0 0 W CLARK CARTER DIRECTOR 2.27 X 8400 0 0 TIMOTHY A CLEMENTS ASST SEC/TRE 2.37 X X 8400 0 0 NEILL NICHOLS VICE PRESIDE 2.25 X X 8400 0 0 NORMA QUINN DIRECTOR 1.89 X 8400 0 0 BRYAN E THOMAS DIRECTOR 2.91 X 8400 0 0 JAMIE MURRELL DIRECTOR 2.22 X 7800 0 0 KENNETH FRATESI DIRECTOR 2.05 X 7200 0 0 1204962 316541 20 false true false RUNNELS CONTRACTING LLC PO BOX 17586 HATTIESBURG MS 39404 RIGHT OF WAY 1244108 R M ELECTRIC PO BOX 287 FLORA MS 39071 CONSTRUCTION 768022 MDR CONSTRUCTION INC 621 EAST BAYLIS CHAPEL ROAD COLUMBIA MS 39429 CONTRUCTION 622398 STUART C IRBY CO PO BOX 741001 ATLANTA GA 30384 MATERIALS 468996 MS TN TRANSFORMENRS INC PO BOX 1764 GREENWOOD MS 38935 MATERIALS & SER 437107 22 OPERATING REVENUES 35614760 35614760 POLE RENTAL 381641 381641 35996401 125622 125622 PATRONAGE CAPITAL 723044 723044 NON OPERATING INCOME 1019 1019 724063 36846086 36338823 507263 1566479 521103 68738 24849 70298 228265 112435 1472146 3771442 COST OF POWER 19773183 DISTRIBUTION MAINTENANCE 3418032 DISTRIBUTION OPERATIONS 2753878 ADMINISTRATIVE AND GENERA 1993520 1071718 36846086 0 0 0 1841603 1378976 1309493 459577 2191250 2270834 1158308 2297064 117241790 58663546 57683969 58578244 15863888 17496477 80048511 82481172 2181688 2669246 30556146 31726035 2519781 2670095 35257615 37065376 X 175975 177240 6020831 6471147 38594090 38767409 44790896 45415796 80048511 82481172 X 0 624900 X false true X true false 117241790 58663546 58578244 58578244 PATRONAGE CAPITAL-OTHER ORGS 14916951 UNBILLED REVENUE 2522572 DEFERRED CHARGES 29586 INTEREST RECEIVABLE 27368 17496477 CUSTOMER DEPOSITS 1346783 DEFERRED CREDITS 824893 POST-RETIRMENT BENEFIT OBLIGATION 498419 2670095 X 36846086 36846086 36846086 35279606 35279606 1566480 1566480 36846086 SCHEDULE D, PAGE 3, PART X THE ASSOCIATION IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND IS ALSO EXEMPT FROM STATE INCOME TAX. ACCOUNTING RULES PRESCRIBE WHEN TO RECOGNIZE AND HOW TO MEASURE THE FINANCIAL STATEMENT EFFECT, IF ANY, OF INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON INCOME TAX RETURNS INCLUDING THE POSITION THAT THE ASSOCIATION WILL CONTINUE TO QUALIFY AS A TAX EXEMPT ORGANIZATION.MANAGEMENT EVALUATES THE LIKELIHOOD THAT, UPON EXAMINATION BY RELEVANT TAXING JURISDICTIONS, THOSE INCOME TAX POSITIONS WOULD BE SUSTAINED. BASED ON THAT EVALUATION, IF IT WERE MORE THAN 50% PROBABLE THAT A MATERIAL AMOUNT OF INCOME TAX WOULD BE IMPOSED ON THE ASSOCIATION UPON EXAMINATION BY THE RELEVANT TAXING AUTHORITIES,A LIABILITY WOULD BE RECOGNIZED IN THE STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY INTEREST AND PENALTIES THAT WOULD RESULT FROM THAT ASSESSMENT. BASED ON MANAGEMENT'S EVALUATION, NO LIABILITIES OR PENALTIES AND INTEREST WERE REQUIRED TO BE RECORDED FOR UNCERTAIN TAX POSITIONS. YEARS THAT REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND THE STATE OF MISSISSIPPI AS OF DECEMBER 31, 2025, 22-24, AND 2023. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE CAPITAL ALLOCATED 1,566,480 X true true X X X false false false LESLIE HOLLOWAY GENERAL MANAGER 180170 37769 8289 226228 CLAYTON SEYMOUR JR MANAGER-ACCT. & FIN. 159590 34094 15391 209075 MICHAEL LANG ENGINEERING SERVICES 160603 34094 8129 202826 THOMAS PRICE BRANCH MANAGER 153403 32357 16113 201873 MARCUS L ROSS BRANCH MANAGER 158505 33883 8118 200506 TERRY E NEWTON SUPT. OPER./CONST. 151999 32013 15295 199307 DANIEL B COCHRAN BRANCH MANAGER 154892 32920 8076 195888 SCHEDULE J, PART III 1(A) -TCEPA REIMBURSES THE REASONABLE COST FOR TRAVEL FOR COMPANIONS OF MEMBERS OF ITS BOARD OF DIRECTORS TO STATE, REGIONAL, AND NATIONAL MEETINGS FOR THE CONVENIENCE OF ITS DIRECTORS. 3- TCEPA'S BOARD OF DIRECTORS ESTABLISHES THE COMPENSATION OF TWIN COUNTY'S GENERAL MANAGER CONSIDERING THE COMPENSATION PAID BY OTHER ELECTRIC POWER ASSOCIATIONS TO THEIR RESPECTIVE GENERAL MANAGERS. FORM 990 PART IX, LINE 4- AMOUNTS SHOWN AS PAID TO OR FOR MEMBERS REPRESENTS PATRONAGE CAPITAL ALLOCATED FOR 2025. ACTUAL PATRONAGE CAPITAL RETIRED IN 2024 WAS 1,372,253. PART IX- SALARIES, BENEFITS, AND PAYROLL TAXES- THE ORGANIZATION IS REQUIRED TO FOLLOW REGULATORY ACCOUNTING PROCEDURES PRESCRIBED BY FASB ASC TOPIC 980. COMPENSATION IS ALLOCATED TO BOTH THE ELECTRIC PLANT AND VARIOUS EXPENSE ACCOUNTS. COMPENSATION FOR OFFICERS AND HCE'S HAS BEEN PRESENTED. ALL OTHER COMPENSATION HAS BEEN PRESENTED IN CATEGORIES WHERE IT WAS ALLOCATED FOR ACCOUNTING PURPOSES. FORM 990, PAGE 6, PART VI, LINE 6 THE ASSOCIATION'S CUSTOMERS ARE ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A BOARD OF DIRECTORS IS ELECTED BY MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7B ARTICLE X OF THE ASSOCIATION'S BYLAWS PROVIDES THAT SPECIFIC TRANSACTIONS REQUIRE APPROVAL OF THE ASSOCIATION'S MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 IS REVIEWED IN DETAIL AND APPROVED BY THE TAX AND AUDIT COMMITTEE AND REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 12C ALL DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE INTEREST(S) THAT MIGHT GIVE RISE TO A CONFLICT OF INTEREST. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE ASSOCIATION'S TOP MANAGEMENT EMPLOYEE. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE OFFICERS AND THE MANAGER. THE MANAGER DETERMINES THE COMPENSATION OF THE OTHER KEY EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 THE ASSOCIATION'S CHARTER IS AVAILABLE ON THE MISSISSIPPI SECRETARY OF STATE'S WEBSITE. THE ASSOCIATION'S BY-LAWS ARE MADE AVAILABLE TO NEW MEMBERS WHEN THEY APPLY FOR MEMBERSHIP IN THE ASSOCIATION , TO EXISTING MEMBERS UPON REQUEST AND ARE ALSO AVAILABLE ON THE ASSOCIATION'S WEBSITE. AN ANNUAL REPORT CONTAINING SUMMARY FINANCIAL STATEMENTS IS MAILED TO MEMBERS EACH YEAR AND IS ALSO AVAILABLE UPON REQUEST TO MEMBERS. THE ASSOCIATION MAKES ITS IRS FORM 990 AMD CONFLICT OF INTERESTS POLICY AVAILABLE TO MEMBERS UPON REQUEST. FORM 990, PART XI, LINE 9 ACTUARIAL GAIN-PRBO 40,564 INCREASE IN MEMBERSHIPS 1,265 DONATED CAPITAL 450,316 ALLOCATION OF PATRONAGE CAPITAL 0 CAPITAL 1,566,479 RETIREMENT OF CAPITAL CREDITS -1,372,253 AMORTIZATION OF ACTUARIAL GAIN -61,471 TOTAL 624,900