Nonprofit · EIN 63-0238274
POWERSOUTH ENERGY COOPERATIVE
Tax-exempt · ANDALUSIA, AL 36420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $859,697,431 | $845,102,926 | $14,594,505 | $2,695,050,060 | $2,268,139,924 | $426,910,136 |
| December 31, 2023 | 990 | $718,076,835 | $704,858,774 | $13,218,061 | $2,734,549,230 | $2,320,658,496 | $413,890,734 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $850,255,480
- Investment income
- $7,252,877
- Net rental income
- $2,064,782
- Net gain from sales of assets
- $214,370
- Other revenue
- $2,189,074
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $9,440,371
- Salaries, compensation and benefits (total)
- $9,440,371
- Professional fundraising fees
- $0
- Depreciation
- $87,453,637
Balance sheet and other
- Total assets, start of year
- $2,734,549,230
- Total assets, end of year
- $2,695,050,060
- Total liabilities, end of year
- $2,268,139,924
- Net assets, end of year
- $426,910,136
- Land, buildings and equipment
- $1,736,790,005
- Gross unrelated business income
- $283,496
- Gross receipts
- $859,835,818
- Employees
- 610
- Volunteers
- 0
- Year formed
- 1941
- State of legal domicile
- AL
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GARY SMITH | President/CEO Officer | 50 | $2,007,939 | $368,109 |
| MARK MORGAN | EVP/COO Officer | 50 | $1,369,012 | $275,370 |
| ELIZABETH WOODARD | EVP/CFO Officer | 50 | $765,366 | $196,489 |
| HORACE HORN | Senior VP of External Affairs Officer | 50 | $559,621 | $143,571 |
| ARTHUR BRUNSON | VP of Legal and Corporate Affairs Officer | 50 | $452,010 | $128,026 |
| MATTHEW DIAMOND | VP of POWER PRODUCTION Officer | 50 | $398,651 | $118,941 |
| WILLIAM GRAHAM | VP of Power Supply Officer | 50 | $374,043 | $113,805 |
| JOE ARMSTRONG | VP of Engineering & Operations Officer | 50 | $344,598 | $110,047 |
| JOHN MATHESON | VP of STAFF SERVICES Officer | 50 | $332,269 | $110,047 |
| TAYLOR WILLIAMS | VP of External Affairs Officer | 50 | $326,376 | $109,207 |
| JONATHAN ELLISON | Director of Technical Services Highest-paid employee | 50 | $260,680 | $75,771 |
| JULIAN FARRINGTON | Manager of Planning, Compliance & REGULATION Highest-paid employee | 50 | $242,955 | $81,007 |
| JAMES HATTAWAY | Energy Services Manager Highest-paid employee | 50 | $234,611 | $81,810 |
| JAMES GRIMES | Power Production Engineering Manager Highest-paid employee | 50 | $220,841 | $79,091 |
| DAVID PEARCE | Bulk Power, Fuels & Energy Resources Manager Highest-paid employee | 50 | $214,934 | $68,791 |
45 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RODNEY HARRISON | BOARD MEMBER Trustee or director | 7 | $28,173 |
| TOM DUNCAN | BOARD MEMBER Trustee or director | 7 | $24,903 |
| WILLIE SMITH | BOARD MEMBER Trustee or director | 7 | $24,002 |
| TERRY MOSELEY | BOARD MEMBER Trustee or director | 7 | $23,553 |
| DAVID BAILEY | BOARD MEMBER Trustee or director | 7 | $23,103 |
| GERALD EDMONDSON | BOARD MEMBER Trustee or director | 7 | $23,103 |
| JOHN BARTLEY | BOARD MEMBER Trustee or director | 7 | $23,103 |
| TOM STACKHOUSE | BOARD MEMBER Trustee or director | 7 | $23,103 |
| GARY HARRISON | BOARD MEMBER Trustee or director | 7 | $22,653 |
| JEFFREY HODGES | BOARD MEMBER Trustee or director | 7 | $22,653 |
| JOSEPH COLEMAN | BOARD MEMBER Trustee or director | 7 | $22,653 |
| KIP JUSTICE | BOARD MEMBER Trustee or director | 7 | $22,653 |
| MARK PARKER | BOARD MEMBER Trustee or director | 7 | $22,653 |
| STACEY PARKER | BOARD MEMBER Trustee or director | 7 | $22,653 |
| BRAD KIMBRO | BOARD MEMBER Trustee or director | 7 | $22,650 |
| STEVEN SHEFFIELD | BOARD MEMBER Trustee or director | 7 | $22,650 |
| MARILYN DAVIS | BOARD MEMBER Trustee or director | 7 | $22,203 |
| TOM MADDOX | BOARD MEMBER Trustee or director | 7 | $22,203 |
| BRAXTON GREEN | BOARD MEMBER Trustee or director | 7 | $21,753 |
| JON CULLIMORE | BOARD MEMBER Trustee or director | 7 | $21,753 |
| RYAN CAMPBELL | BOARD MEMBER Trustee or director | 7 | $21,753 |
| STEPHEN RHODES | BOARD MEMBER Trustee or director | 7 | $21,753 |
| BOBBY BALLARD | BOARD MEMBER Trustee or director | 7 | $21,303 |
| JANE BRUNSON | BOARD MEMBER Trustee or director | 7 | $21,303 |
| WILLIE WRIGHT | BOARD MEMBER Trustee or director | 7 | $21,303 |
| ANN PARKMAN | BOARD MEMBER Trustee or director | 7 | $21,300 |
| TERRY MITCHELL | BOARD MEMBER Trustee or director | 7 | $20,853 |
| RICKY JONES | BOARD MEMBER Trustee or director | 7 | $20,403 |
| VINCE JOHNSON | BOARD MEMBER Trustee or director | 7 | $20,400 |
| ISABELL BOYD | BOARD MEMBER Trustee or director | 7 | $19,952 |
| BECKY BRACKE | BOARD MEMBER Trustee or director | 7 | $18,403 |
| SHAWN WALLING | BOARD MEMBER Trustee or director | 7 | $15,753 |
| KIM JACKSON | BOARD MEMBER Trustee or director | 7 | $15,552 |
| EARL JOHNSON | BOARD MEMBER Trustee or director | 7 | $15,302 |
| CARL GOODSON | BOARD MEMBER Trustee or director | 7 | $14,202 |
| RANDY BUSH | BOARD MEMBER Trustee or director | 7 | $14,200 |
| JAMES HALL | BOARD MEMBER Trustee or director | 7 | $13,201 |
| KAREN MOORE | BOARD MEMBER Trustee or director | 7 | $12,403 |
| DELANEY KERVIN | BOARD MEMBER Trustee or director | 7 | $11,903 |
| JOE RONE | BOARD MEMBER Trustee or director | 7 | $7,551 |
| ROBERT BYRD | BOARD MEMBER Trustee or director | 7 | $7,551 |
| HUNTER ROBINSON | BOARD MEMBER Trustee or director | 7 | $6,400 |
| JIMMY ELLIS | BOARD MEMBER Trustee or director | 7 | $6,200 |
| WAYNE WILLIAMS | BOARD MEMBER Trustee or director | 7 | $4,650 |
| JAMES MAY | BOARD MEMBER Trustee or director | 7 | $1,100 |
990 for the year ended December 31, 2023: 62 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gary Smith | President/CFO Officer | 50 | $1,797,559 | $346,794 |
| Damon Morgan | EVP/COO Officer | 50 | $1,243,072 | $252,455 |
| Elizabeth Woodard | EVP/CFO Officer | 50 | $700,301 | $183,121 |
| Horace Horn | Senior VP of External Affairs Officer | 50 | $518,027 | $134,104 |
| Art Brunson | VP of Legal and Corporate Affairs Officer | 50 | $418,257 | $120,584 |
| Matthew Diamond | VP of Member Services and Communications Officer | 50 | $364,892 | $111,786 |
| Ron Graham | VP of Power Supply Officer | 50 | $353,893 | $108,929 |
| Joe Armstrong | VP of Engineering & Operations Officer | 50 | $329,714 | $104,533 |
| John Matheson | VP of Power Production Officer | 50 | $312,757 | $104,533 |
| Taylor Williams | VP of External Affairs Officer | 50 | $298,619 | $102,175 |
| Jonathan Ellison | Director of Technical Services Highest-paid employee | 50 | $252,108 | $72,193 |
| Julian Farrington | Manager of Planning, Compliance & Regulatory Highest-paid employee | 50 | $232,521 | $77,358 |
| James Hattaway | Energy Services Manager Highest-paid employee | 50 | $231,016 | $78,228 |
| James Grimes | Power Production Engineering Manager Highest-paid employee | 50 | $206,343 | $74,875 |
| David Pearce | Bulk Power, Fuels & Energy Resources Manager Highest-paid employee | 50 | $208,960 | $64,770 |
| Tom Duncan | Board Member Trustee or director | 7 | $25,803 | $0 |
| Rodney Harrison | Board Member Trustee or director | 7 | $24,497 | $0 |
| Stacey Parker | Board Member Trustee or director | 7 | $23,903 | $0 |
| Tom Stackhouse | Board Member Trustee or director | 7 | $22,953 | $0 |
| Gary Harrison | Board Member Trustee or director | 7 | $22,903 | $0 |
| Gerald Edmondson | Board Member Trustee or director | 7 | $22,803 | $0 |
| Isabell Boyd | Board Member Trustee or director | 7 | $22,602 | $0 |
| Willie Smith | Board Member Trustee or director | 7 | $22,452 | $0 |
| David Bailey | Board Member Trustee or director | 7 | $21,953 | $0 |
| Joe Rone | Board Member Trustee or director | 7 | $21,503 | $0 |
| Jon Cullimore | Board Member Trustee or director | 7 | $21,503 | $0 |
| John Bartley | Board Member Trustee or director | 7 | $21,453 | $0 |
| Jeffrey Hodges | Board Member Trustee or director | 7 | $21,103 | $0 |
| Johnny Adcock | Board Member Trustee or director | 7 | $21,103 | $0 |
| Ryan Campbell | Board Member Trustee or director | 7 | $21,103 | $0 |
| Stephen Rhodes | Board Member Trustee or director | 7 | $21,103 | $0 |
| Robert Byrd | Board Member Trustee or director | 7 | $21,053 | $0 |
| Terry Moseley | Board Member Trustee or director | 7 | $21,053 | $0 |
| Tom Maddox | Board Member Trustee or director | 7 | $21,053 | $0 |
| Willie Wright | Board Meeting Trustee or director | 7 | $21,053 | $0 |
| Joseph Coleman | Board Member Trustee or director | 7 | $20,653 | $0 |
| Steven Sheffield | Board Member Trustee or director | 7 | $20,600 | $0 |
| Marilyn Davis | Board Member Trustee or director | 7 | $20,253 | $0 |
| Kim Jackson | Board Member Trustee or director | 7 | $20,203 | $0 |
| Earl Johnson | Board Member Trustee or director | 7 | $20,202 | $0 |
| Vince Johnson | Board Member Trustee or director | 7 | $20,200 | $0 |
| Karen Moore | Board Member Trustee or director | 7 | $19,803 | $0 |
| Debra Baxley | Board Member Trustee or director | 7 | $19,503 | $0 |
| Jane Brunson | Board Member Trustee or director | 7 | $19,353 | $0 |
| Becky Bracke | Board Member Trustee or director | 7 | $18,553 | $0 |
| Mark Parker | Board Member Trustee or director | 7 | $17,203 | $0 |
| Richard Jones | Board Member Trustee or director | 7 | $15,703 | $0 |
| David Cook | Board Member Trustee or director | 7 | $15,553 | $0 |
| James Hall | Board Member Trustee or director | 7 | $14,951 | $0 |
| Chase Riddle | Board Member Trustee or director | 7 | $14,852 | $0 |
| Derek Chadwell | Board Member Trustee or director | 7 | $14,402 | $0 |
| Edward Miller | Board Member Trustee or director | 7 | $11,952 | $0 |
| Delaney Kervin | Board Member Trustee or director | 7 | $11,702 | $0 |
| Braxton Green | Board Member Trustee or director | 7 | $8,851 | $0 |
| Shawn Walling | Board Meeting Trustee or director | 7 | $7,751 | $0 |
| Terry Mitchell | Board Member Trustee or director | 7 | $6,851 | $0 |
| Bobby Ballard | Board Member Trustee or director | 7 | $4,650 | $0 |
| Kip Justice | Board Member Trustee or director | 7 | $2,650 | $0 |
| Seth Hammett | Board Member Trustee or director | 7 | $1,901 | $0 |
| Ed Short | Board Member Trustee or director | 7 | $1,900 | $0 |
| LES MORELAND | BOARD MEMBER Trustee or director | 7 | $0 | $0 |
| LOUIE WARD | BOARD MEMBER Trustee or director | 7 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 550, ANDALUSIA, AL 36420-1299
- Mailing address (990-N for 2010)
- PO Box 1033, Andalusia AL 36420
- Principal officer (990 for 2024)
- ELIZABETH C WOODARD, PO BOX 550, ANDALUSIA, AL 36420
- Principal officer (990-N for 2010)
- David McDuffie, PO Box 1033, Andalusia AL 36420
- Signed the 990
- ELIZABETH C WOODARD, CFO/EVP
- Phone
- (334) 427-3000
- Website
- WWW.POWERSOUTH.COM
- Return prepared by
- Forvis Mazars LLP
Mission
POWERSOUTH ENERGY COOPERATIVE IS AN ALABAMA COOPERATIVE CORPORATION PRODUCING AND TRANSMITTING WHOLESALE ELECTRIC POWER TO AND FOR ITS COOPERATIVE AND MUNICIPAL MEMBERS UNDER THE PROVISIONS OF THE RURAL ELECTRIFICATION ACT OF 1936.
Program accomplishments
- POWERSOUTH ENERGY COOPERATIVE SERVES THE WHOLESALE ENERGY NEEDS OF 20 UTILITY DISTRIBUTION MEMBERS IN ALABAMA AND NORTHWEST FLORIDA.
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 63-0238274
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1957
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $2,695,050,060
- Income (IRS master file)
- $859,835,818
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $859,697,431 | $845,102,926 | $2,695,050,060 | XML |
| 990 | December 2023 | $718,076,835 | $704,858,774 | $2,734,549,230 | XML |
| 990 | December 2022 | $852,552,468 | $840,042,244 | $2,529,005,112 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2010 Officer: David McDuffie | December 31, 2010 | ≤ $50,000 receipts | – | – | e-Postcard |
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 63-0238274).
Questions about POWERSOUTH ENERGY COOPERATIVE
- What is the EIN of POWERSOUTH ENERGY COOPERATIVE?
- The employer identification number (EIN) of POWERSOUTH ENERGY COOPERATIVE is 63-0238274.
- Is POWERSOUTH ENERGY COOPERATIVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1957.
- Are donations to POWERSOUTH ENERGY COOPERATIVE tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does POWERSOUTH ENERGY 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 POWERSOUTH ENERGY COOPERATIVE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did POWERSOUTH ENERGY COOPERATIVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of POWERSOUTH ENERGY COOPERATIVE?
- The 990 for the year ended December 31, 2024 names ELIZABETH C WOODARD.
- Who are the officers and directors of POWERSOUTH ENERGY COOPERATIVE?
- The 990 for the year ended December 31, 2024 lists 60 people; 60 received compensation from the organization, the highest $2,007,939 (GARY SMITH, President/CEO).
- How much revenue does POWERSOUTH ENERGY COOPERATIVE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $859,697,431, expenses of $845,102,926 and total assets of $2,695,050,060 at year end.
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