SOUTH CENTRAL POWER COMPANY

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1936

Legal Domicile

Principal Officer

RICHARD LEMONDS

Phone

8002825064

Tax Period

2023-01-01 to 2023-12-31

SOUTH CENTRAL POWER COMPANY, founded in 1936, is a major nonprofit that reported $368.9M in total revenue in fiscal year 2023.

Mission

OUR COOPERATIVE EXISTS TO ADD VALUE TO THE LIVES OF OUR MEMBERS BY DELIVERING SAFE AND DEPENDABLE SERVICE.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 126,887 ACTIVE SERVICES AT YEAR END.

Program 2

SECURITY DIVISION:PROVIDING SECURITY SERVICES TO OUR MEMBERS ON A COOPERATIVE BASIS. WHEN CUMULATIVE MARGINS DERIVED FROM MEMBER SUBSCRIBER SALES OF SECURITY SERVICES EXCEED CUMULATIVE NET LOSSES...

SECURITY DIVISION:PROVIDING SECURITY SERVICES TO OUR MEMBERS ON A COOPERATIVE BASIS. WHEN CUMULATIVE MARGINS DERIVED FROM MEMBER SUBSCRIBER SALES OF SECURITY SERVICES EXCEED CUMULATIVE NET LOSSES FROM SUCH SALES, THE COOPERATIVE WILL ALLOCATE PATRONAGE CAPITAL TO THE MEMBER SUBSCRIBERS. THERE WERE 1,767 ACTIVE SUBSCRIBERS AT YEAR END.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $365,809,814

Investment Income $554,980

Other Revenue $2,518,363

TOTAL REVENUE $368,883,157

Expense Breakdown

Grants Paid $17,350

Salaries & Benefits $26,573,651

Fundraising Expenses $0

Other Expenses $326,439,321

TOTAL EXPENSES $368,883,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$368,883,157	$369,451,843	0.0%
Expenses	$368,883,157	$369,451,843	0.0%
Net Income	$0	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

267

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,493,791

Total Directors

$332,966

Key Employees

$1,567,059

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REED BAILEY	ASST TREASURER	10.00	Officer Director	$30,400	$0	$30,400
HAROLD COOPER	VICE CHAIRMAN	4.00	Officer Director	$27,400	$0	$27,400
KENNETH DAVIS	CHAIRMAN	10.00	Officer Director	$28,900	$0	$28,900
JAMES EVANS	TRUSTEE	4.00	Director	$31,158	$0	$31,158
DON FRANK	TREASURER	10.00	Officer Director	$37,250	$0	$37,250
ALAN GABRIEL	ASST SECRETARY	12.00	Officer Director	$36,100	$0	$36,100
MIKE HUMMEL	ASST VICE CHAIRMAN	6.00	Officer Director	$26,900	$0	$26,900
STEPHEN JOHNSON	TRUSTEE	5.00	Director	$31,158	$0	$31,158
THOMAS LAMB	SECRETARY	5.00	Officer Director	$28,900	$0	$28,900
FRANKLIN LUCAS	TRUSTEE	10.00	Director	$27,900	$0	$27,900
MICHAEL VINKA	TRUSTEE	5.00	Director	$26,900	$0	$26,900
RICHARD LEMONDS	PRESIDENT/CEO	45.00	Officer	$550,364	$314,213	$864,577
REBECCA WITT	CHIEF FINANCIAL OFFICER	45.00	Officer	$301,202	$112,162	$413,364
THOMAS MUSICK	VP OPERATIONS/ENGINEERING	50.00	Key Emp	$313,137	$143,923	$457,060
ALLISON SAFFLE	VP STRATEGY & SPECIAL PROJECTS	50.00	Key Emp	$284,457	$97,815	$382,272
CHRISTOPHER HALL	SR DIRECTOR OF SAFETY & LABOR RELATIONS	50.00	Key Emp	$211,507	$80,122	$291,629
KYLE VERRETT	VP LEGAL & RISK MANAGEMENT	50.00	Key Emp	$178,928	$40,681	$219,609
KYLE HEAVRIN	VP MEMBER SERVICES	45.00	Key Emp	$165,785	$50,704	$216,489
ANTHONY FOWLER	JOURNEYMAN LINEMAN	40.00	Highest	$187,404	$26,036	$213,440
CURTIS BLASE	LINE SERVICER	40.00	Highest	$175,000	$41,711	$216,711
AARON SHAMBROCK	DIRECTOR TECHNICAL SERVICES	40.00	Highest	$167,184	$81,361	$248,545
THOMAS SESTITO	LINE SERVICER	40.00	Highest	$167,027	$49,176	$216,203
JUSTIN LAPE	DIRECTOR INFORMATION TECHNOLOGY	40.00	Highest	$163,835	$62,603	$226,438

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$368,883,157	$368,883,157	$794,658,708	No data
2022	$369,451,843	$369,451,843	$740,696,134	No data
2021	$352,992,911	$352,992,911	$695,490,462	No data
2020	$327,620,560	$327,620,560	$625,197,847	No data
2019	$320,572,805	$320,572,805	$585,821,081	No data
2018	$338,803,254	$338,803,254	$548,853,782	No data