2025-11-14T10:46:32-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 6136 SHALLOWFORD ROAD 101 CHATTANOOGA TN 374217214 990 2024-01-01 620468356 TENNESSEE VALLEY PUBLIC POWER ASSOC INC TENN 4237566511 P O BOX 6189 CHATTANOOGA TN 374016189 DOUGLAS J PETERS PRESIDENT/ CHIEF EXECUTIVE OFFICER 4237566511 2025-11-14 1 1 FRANCES E LEAHY P00713593 4238947400 2025-11-14 2024 2025-03-06 01:10:19Z DOUGLAS J PETERS P O BOX 6189 CHATTANOOGA TN 374016189 12578118 0 X TVPPA.COM X 1950 TN REPRESENT MEMBER INTERESTS, PROMOTE EFFICIENCY AND PROFESSIONAL DEVELOPMENT FOR EMPLOYEES 19 19 21 0 1777947 0 1928503 1790056 8567134 8395391 216576 258497 -104348 272567 10607865 10716511 0 7081 0 0 3355483 3873767 0 0 0 6588332 6845146 9943815 10725994 664050 -9483 37075495 37481812 1801456 3114951 35274039 34366861 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 0 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 1 1 1 0 1 109 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 JARROD BRACKETT CHAIRMAN 5.00 X X 0 0 0 RAY HARDIN VICE-CHAIRMAN 2.00 X X 0 0 0 ROB NEELY SECRETARY/TREASURER 3.00 X X 0 0 0 WES KELLEY END 524 DIRECTOR/PAST CHAIR/EXEC COMM 4.00 X X 0 0 0 CHRIS DAVIS EXEC COMM/DIRECTOR 2.00 X 0 0 0 JEFF HURD END 524 EXEC COMM/DIRECTOR 2.00 X 0 0 0 STACEY WHITE EXEC COMM/DIRECTOR 2.00 X 0 0 0 ALAN GATES DIRECTOR 1.00 X 0 0 0 ALEX SMITH DIRECTOR 1.00 X 0 0 0 BILL BORDERS DIRECTOR 1.00 X 0 0 0 BRIAN SKELTON END 524 DIRECTOR 1.00 X 0 0 0 GABE BOLAS DIRECTOR 1.00 X 0 0 0 JAMES SANDLIN DIRECTOR 1.00 X 0 0 0 JODY WIGINGTON DIRECTOR 1.00 X 0 0 0 KEITH CARNAHAN DIRECTOR 1.00 X 0 0 0 KENDALL BEAR DIRECTOR 1.00 X 0 0 0 LOYD MUNCY DIRECTOR 1.00 X 0 0 0 MARK KIMBELL DIRECTOR 1.00 X 0 0 0 SHANNON LITTLETON DIRECTOR 1.00 X 0 0 0 TERESA BROYLES - APLIN DIRECTOR 1.00 X 0 0 0 TIM CULPEPPER DIRECTOR 1.00 X 0 0 0 TIM SMITH DIRECTOR 1.00 X 0 0 0 DOUGLAS J PETERS PRESIDENT/CEO 50.00 X 378916 0 30087 DANETTE G SCUDDER EXECUTIVE VICE-PRESIDENT 40.00 X 245772 0 34453 NATHALIE H STRICKLAND VICE-PRESIDENT 40.00 X 172601 0 32946 BRADLEY L RAINS VICE-PRESIDENT 40.00 X 170362 0 4648 JAMES L SHEFFIELD VICE-PRESIDENT 40.00 X 181829 0 23456 BAVARIA A HAMMOCK DIR. ACCOUNTING & FINANCE 40.00 X 172947 0 26610 BERNADETTE MARTIN DIR. HUMAN RESOURCES 40.00 X 147427 0 14602 DIANA BRYANT DIR. CONFERENCES & EVENTS 40.00 X 108377 0 31820 CALEB HALL DIR. EDUCATION & TRAINING 40.00 X 144631 0 32313 1722862 0 230935 9 0 1 0 BETTER SAFETY & TRAINING PO BOX 43 CENTRE AL 35960 INSTRUCTOR 442801 HUNT COMMERCIAL REAL ESTATE LLC 832 GEORGIA AVE SUITE 330 CHATTANOOGA TN 37402 BUILDING PROJECT MANAGER 258168 CARRIE WOODS 5316 KELLYS POINT OOLTEWAH TN 37363 DIGITAL CONTENT 200000 TUCKER CONSTRUCTION LLC PO BOX 4089 CHATTANOOGA TN 37405 BUILDER 161068 UTILITY TRAINING SERVICES 502 HARTFORD ROAD E FORT GAINES GA 39851 INSTRUCTOR 158181 14 1790056 1790056 EDUCATION AND TRAINING PROGRAMS 541900 5184456 5184456 CONFERENCES 541900 1396005 1396005 SAFETY CONSULTING 541610 1032979 1032979 MANAGEMENT FEES 541610 708089 708089 RESEARCH AND DEVELOPMENT 900099 36983 36983 36879 36879 8395391 219238 219238 7301 0 7301 7301 7301 1900866 1861607 39259 39259 39259 NET INCOME OF SUBSIDIARY 900099 197158 197158 OTHER REVENUES 900099 68108 68108 265266 10716511 6882710 1777947 265798 X 7081 1474627 1281894 564658 373854 178734 222277 23848 150000 15188 3550231 38436 169835 156621 168250 255199 1500720 15112 189336 334070 MISCELLANEOUS 29454 R&D PROJECTS 17246 BAD DEBTS 9323 10725994 371173 378366 2714973 1913223 263971 1069983 1414417 79498 68990 6776650 2690459 1766822 4086191 4383761 4741975 26003939 24467998 421375 410652 37075495 37481812 814616 1060718 558807 529031 1091158 428033 434044 1801456 3114951 X 35274039 34366861 35274039 34366861 37075495 37481812 X -9483 229564 -1127259 0 X X 0 1 X 1 0 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. 1129958 1129958 3274969 1637963 1637006 1626722 891413 735309 745001 161083 583918 4086191 INVESTMENT IN SUBSIDIARY 24467998 C 24467998 DEFERRED COMPENSATION 105168 OPERATING LEASE LIABILITIES 312341 OTHER LIABILITIES 16535 434044 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, 2024 OR 2023. 0 SISKIN CHILDREN'S INSTITUTE 1101 CARTER ST CHATTANOOGA TN 37402 591781637 501(C)(3) 6240 0 TABLE SPONSORSHIP 1 0 X X X 0 0 0 DOUGLAS J PETERS PRESIDENT/CEO 371916 0 7000 0 0 0 6806 0 23281 0 409003 0 0 0 DANETTE G SCUDDER EXECUTIVE VICE-PRESIDENT 238772 0 7000 0 0 0 4806 0 29647 0 280225 0 0 0 NATHALIE H STRICKLAND VICE-PRESIDENT 165601 0 7000 0 0 0 3299 0 29647 0 205547 0 0 0 JAMES L SHEFFIELD VICE-PRESIDENT 174829 0 7000 0 0 0 3634 0 19822 0 205285 0 0 0 BAVARIA A HAMMOCK DIR. ACCOUNTING & FINANCE 165947 0 7000 0 0 0 3329 0 23281 0 199557 0 0 0 CALEB HALL DIR. EDUCATION & TRAINING 137631 0 7000 0 0 0 2666 0 29647 0 176944 0 0 0 BRADLEY L RAINS VICE-PRESIDENT 163362 0 7000 0 0 0 3400 0 1248 0 175010 0 0 0 BERNADETTE MARTIN DIR. HUMAN RESOURCES 140427 0 7000 0 0 0 2962 0 11640 0 162029 0 0 0 DOUGLAS J PETERS SERVES AS THE CEO OF TVPPA AND DISTRIBUTORS INSURANCE COMPANY 708089 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 SERVICE FEES 3,550,231. FORM 990, PART XI, LINE 8 IN JUNE 2025, THE ASSOCIATION RECEIVED NOTICE FROM THE UNITED STATES DEPARTMENT OF JUSTICE ("DOJ") OF AN INVESTIGATION INTO A POTENTIAL VIOLATION OF THE FALSE CLAIMS ACT RELATED TO THE ASSOCIATION'S ELIGIBILITY TO RECEIVE ITS FIRST PAYROLL PROTECTION PROGRAM ("PPP") LOAN. THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT ("CARES ACT"), WHICH WAS SIGNED INTO LAW ON MARCH 25, 2020, PROVIDED CERTAIN NONPROFIT ORGANIZATIONS, WHICH MET CERTAIN REQUIREMENTS, ELIGIBILITY FOR PPP LOANS. THE CARES ACT DEFINED NONPROFIT ORGANIZATIONS AS ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE IRC AND ORGANIZATIONS THAT ARE EXEMPT FROM TAXATION UNDER SECTION 501(A) OF THE IRC. UNDER THE CARES ACT, SECTION 501(C)(6) ORGANIZATIONS WERE NOT ORIGINALLY ELIGIBLE FOR PPP LOANS. THE ECONOMIC AID ACT, WHICH WAS SIGNED INTO LAW ON DECEMBER 27, 2020, MADE CERTAIN 501(C)(6) ORGANIZATIONS ELIGIBLE FOR PPP LOANS. IN ACCORDANCE WITH GAAP, PPP LOANS ARE TREATED AS CONDITIONAL GRANTS AND FORGIVENESS OF THE PPP LOANS SHOULD BE RECOGNIZED AS INCOME ONCE ALL CONDITIONS ARE MET. THE ASSOCIATION RECEIVED ITS FIRST PPP LOAN IN APRIL 2020, WHICH WAS BEFORE 501(C)(6) ORGANIZATIONS WERE ELIGIBLE FOR PPP LOANS. AS SUCH, THE ASSOCIATION DID NOT MEET THE ELIGIBILITY REQUIREMENTS FOR ITS FIRST PPP LOAN. SINCE THE ASSOCIATION WAS NOT ELIGIBLE FOR ITS FIRST PPP LOAN, IT WOULD NOT HAVE BEEN ELIGIBLE TO RECEIVE A SECOND DRAW PPP LOAN AND THEREFORE THE CONDITIONS FOR THE SECOND DRAW PPP LOAN WERE ALSO NOT MET. DURING THE YEAR ENDED DECEMBER 31, 2021, THE ASSOCIATION RECOGNIZED FORGIVENESS INCOME OF $570,105 RELATED TO ITS FIRST PPP LOAN. DURING THE YEAR ENDED DECEMBER 31, 2022, THE ASSOCIATION RECOGNIZED FORGIVENESS INCOME OF $521,053 RELATED TO ITS SECOND PPP LOAN. THE LINE 8 PRIOR PERIOD ADJUSTMENT ON THE RECONCILIATION OF NETS ASSETS IS COMPRISED OF $1,091,158 FOR THE PPP LOANS AND $36,101 IN ACCRUED INTEREST, FOR A TOTAL OF $1,127,259. DISTRIBUTORS INSURANCE COMPANY 1206 BROAD STREET CHATTANOOGA TN 37402 621167206 PROVIDES VARIOUS INSURANCE COVERAGES TO TVPPA MEMBERS TN N/A C 197158 24467998 1.00000 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 DISTRIBUTORS INSURANCE COMPANY M 334070 TOTAL OF INSURANCE PREMIUMS PAID DISTRIBUTORS INSURANCE COMPANY Q 708089 ACTUAL VALUE OF RECORDED REVENUES DISTRIBUTORS INSURANCE COMPANY F 1701809 VALUE OF DIVIDEND TRANSFER