#221 of 500 · Member & Benefit Funds

Powersouth Energy Cooperative

EIN 63-0238274 · AL · NTEE n/a · Form 990, fiscal 2023

A generation and transmission (G&T) electric cooperative headquartered in Andalusia, Alabama. Founded in 1941, it generates and transmits wholesale electric power to its member distribution cooperatives and municipal electric systems serving customers in Alabama and northwest Florida. PowerSouth owns and operates generating facilities and transmission infrastructure, focusing on reliable, competitively priced power and economic development in the communities its members serve.

Financials, fiscal 2023

Revenue

$718.1M

Expenses

$704.9M

Total assets

$2.73B

Net assets

$413.9M

Operating margin

1.8%

1-year growth

-15.8%

5-year growth (CAGR)

4.1%

Reserve (years of spending)

7.0

Contributions share

n/a

Programme spending

98.8%

Fundraising cost

n/a

Executive pay share

1.23%

Employees

599

Revenue per employee

$1.2M

Grants paid

n/a

Years filing

66

NFP Health Score: 67 / 100

Financial 52 · Governance 75 · Operational 90. The score is built from Form 990 line items only. It cannot measure how well an organisation delivers its mission.

Mission

To safely provide reliable, competitively priced wholesale power to promote development of the communities its members serve.

Revenue history