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POWERSOUTH ENERGY COOPERATIVE

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Public IRS 990 nonprofit record

POWERSOUTH ENERGY COOPERATIVE

EIN 63-0238274 · Mutual & Membership Benefit (Y)

What they do

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.

Before you give

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We do not have enough spending detail

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Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders60 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$98.30spent for every $100 of revenueRevenue covered expenses this year.
$3.19in assets for every $1 spent this yearSome assets cannot be spent right away.

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  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $2,376,048 for GARY SMITH (PRESIDENT/CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$859,697,431
Expenses$845,102,926
Annual surplus $14,594,505 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$859,697,431
Expenses$845,102,926
Assets$2,695,050,060
Income$859,835,818
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
GARY SMITHPRESIDENT/CEO · 50 hrs/week $2,376,048Base $2,007,939 · Other $368,109
MARK MORGANEVP/COO · 50 hrs/week $1,644,382Base $1,369,012 · Other $275,370
ELIZABETH WOODARDEVP/CFO · 50 hrs/week $961,855Base $765,366 · Other $196,489
HORACE HORNSENIOR VP OF EXTERNAL AFFAIRS · 50 hrs/week $703,192Base $559,621 · Other $143,571
ARTHUR BRUNSONVP OF LEGAL AND CORPORATE AFFAIRS · 50 hrs/week $580,036Base $452,010 · Other $128,026
MATTHEW DIAMONDVP OF POWER PRODUCTION · 50 hrs/week $517,592Base $398,651 · Other $118,941
WILLIAM GRAHAMVP OF POWER SUPPLY · 50 hrs/week $487,848Base $374,043 · Other $113,805
JOE ARMSTRONGVP OF ENGINEERING & OPERATIONS · 50 hrs/week $454,645Base $344,598 · Other $110,047
JOHN MATHESONVP OF STAFF SERVICES · 50 hrs/week $442,316Base $332,269 · Other $110,047
TAYLOR WILLIAMSVP OF EXTERNAL AFFAIRS · 50 hrs/week $435,583Base $326,376 · Other $109,207
JONATHAN ELLISONDIRECTOR OF TECHNICAL SERVICES · 50 hrs/week $336,451Base $260,680 · Other $75,771
JULIAN FARRINGTONMANAGER OF PLANNING, COMPLIANCE & REGULATION · 50 hrs/week $323,962Base $242,955 · Other $81,007

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (60)

GARY SMITHPRESIDENT/CEO

MARK MORGANEVP/COO

ELIZABETH WOODARDEVP/CFO

HORACE HORNSENIOR VP OF EXTERNAL AFFAIRS

ARTHUR BRUNSONVP OF LEGAL AND CORPORATE AFFAIRS

MATTHEW DIAMONDVP OF POWER PRODUCTION

WILLIAM GRAHAMVP OF POWER SUPPLY

JOE ARMSTRONGVP OF ENGINEERING & OPERATIONS

JOHN MATHESONVP OF STAFF SERVICES

TAYLOR WILLIAMSVP OF EXTERNAL AFFAIRS

JONATHAN ELLISONDIRECTOR OF TECHNICAL SERVICES

JULIAN FARRINGTONMANAGER OF PLANNING, COMPLIANCE & REGULATION

JAMES HATTAWAYENERGY SERVICES MANAGER

JAMES GRIMESPOWER PRODUCTION ENGINEERING MANAGER

DAVID PEARCEBULK POWER, FUELS & ENERGY RESOURCES MANAGER

RODNEY HARRISONBOARD MEMBER

TOM DUNCANBOARD MEMBER

WILLIE SMITHBOARD MEMBER

TERRY MOSELEYBOARD MEMBER

GERALD EDMONDSONBOARD MEMBER

TOM STACKHOUSEBOARD MEMBER

JOHN BARTLEYBOARD MEMBER

DAVID BAILEYBOARD MEMBER

JEFFREY HODGESBOARD MEMBER

STACEY PARKERBOARD MEMBER

GARY HARRISONBOARD MEMBER

JOSEPH COLEMANBOARD MEMBER

MARK PARKERBOARD MEMBER

KIP JUSTICEBOARD MEMBER

BRAD KIMBROBOARD MEMBER

STEVEN SHEFFIELDBOARD MEMBER

TOM MADDOXBOARD MEMBER

MARILYN DAVISBOARD MEMBER

RYAN CAMPBELLBOARD MEMBER

STEPHEN RHODESBOARD MEMBER

BRAXTON GREENBOARD MEMBER

JON CULLIMOREBOARD MEMBER

WILLIE WRIGHTBOARD MEMBER

JANE BRUNSONBOARD MEMBER

BOBBY BALLARDBOARD MEMBER

ANN PARKMANBOARD MEMBER

TERRY MITCHELLBOARD MEMBER

RICKY JONESBOARD MEMBER

VINCE JOHNSONBOARD MEMBER

ISABELL BOYDBOARD MEMBER

BECKY BRACKEBOARD MEMBER

SHAWN WALLINGBOARD MEMBER

KIM JACKSONBOARD MEMBER

EARL JOHNSONBOARD MEMBER

CARL GOODSONBOARD MEMBER

RANDY BUSHBOARD MEMBER

JAMES HALLBOARD MEMBER

KAREN MOOREBOARD MEMBER

DELANEY KERVINBOARD MEMBER

ROBERT BYRDBOARD MEMBER

JOE RONEBOARD MEMBER

HUNTER ROBINSONBOARD MEMBER

JIMMY ELLISBOARD MEMBER

WAYNE WILLIAMSBOARD MEMBER

JAMES MAYBOARD MEMBER

About this charity

Recognized since
January 1957
Location
PO BOX 550, ANDALUSIA, AL 36420-1299
County
Covington
In care of
ELIZABETH C WOODARD
Primary officer
ELIZABETH C WOODARD, CFO/EVP

How to reach them

WebsiteVisit the charity’s website Emailinfo@powersouth.com Phone(334) 427-3000

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
FORVIS MAZARS LLP
NTEE classification
Mutual & Membership Benefit (Y)
IRS tax category
Mutual & Membership Benefit

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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