SOUTHEASTERN ILLINOIS ELECTRIC COOP INC

EIN: 370524860

CARRIER MILLS, IL

Total Revenue
$96,085,921
Total Expenses
$96,085,921
Total Assets
$234,919,302
Net Assets
$141,993,752
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
IL
Principal Officer
DUSTIN TRIPP
Phone
6182732611
Tax Period
2024-01-01 to 2024-12-31

SOUTHEASTERN ILLINOIS ELECTRIC COOP INC, founded in 1938, is a mid-sized nonprofit that reported $96.1M in total revenue in fiscal year 2024.

Mission

DISTRIBUTION SALES OF ELECTRICITY TO APPROX 25,000 MEMBER-OWNERS ON A PATRONAGE BASIS.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $95,942,933
Investment Income $145,234
Other Revenue $-2,246
TOTAL REVENUE $96,085,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,006,812
Fundraising Expenses $0
Program Expenses $95,923,254
Other Expenses $76,850,361
TOTAL EXPENSES $96,085,921

Year-over-Year Comparison

2024 2023 Change
Revenue $96,085,921 $93,143,370 +0.0%
Expenses $96,085,921 $93,143,370 +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
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
11
Independent Members
11
Employees
77
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
4
$643,646
Total Directors
11
$112,105
Key Employees
7
$1,765,200
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DALE SCHIERBAUM CHAIRMAN 2.15
Officer Director
$13,510 $0 $13,510
SHANE CROSLIN VICE CHAIRMAN 1.08
Officer Director
$8,510 $0 $8,510
PAMELA BRAMLET SECRETARY/TREASURER 1.96
Officer Director
$11,510 $0 $11,510
GARY HISE TRUSTEE 2.62
Director
$7,506 $0 $7,506
BRIAN JOYNER TRUSTEE 1.62
Director
$7,010 $0 $7,010
JOSEPH MARLO TRUSTEE 4.79
Director
$16,510 $0 $16,510
TIFFANY MORHET TRUSTEE 2.56
Director
$10,010 $0 $10,010
ROBERT KEITH OGLESBY TRUSTEE 1.48
Director
$7,509 $0 $7,509
RICHARD RISTER TRUSTEE 5.00
Director
$12,510 $0 $12,510
JAMES SCHERRER TRUSTEE 3.08
Director
$10,010 $0 $10,010
TIM SPIVEY TRUSTEE 1.67
Director
$7,510 $0 $7,510
DUSTIN TRIPP PRESIDENT & CEO 40.77
Officer
$374,643 $235,473 $610,116
TORRY SCHLOZ ACCOUNTING & FINANCE MANAG 40.00
Key Emp
$131,285 $37,819 $169,104
JEFFREY NEUMAN OPERATIONS MANAGER 40.77
Key Emp
$176,741 $132,293 $309,034
JEFFREY CRISP ROW & FLEET MANAGER 42.31
Key Emp
$182,885 $140,716 $323,601
ROBERT ROBINSON UTILITY SERVICEMAN 49.50
Key Emp
$156,418 $83,613 $240,031
MAVERICK MARVEL UTILITY SERVICEMAN 49.50
Key Emp
$154,374 $83,907 $238,281
ANTHONY JORDAN LINE FOREMAN 47.94
Key Emp
$151,279 $85,035 $236,314
WILLIAM SWEAT OPERATIONS MANAGER 38.46
Key Emp
$150,238 $98,597 $248,835
COREY LEWIS UTILITY SERVICEMAN 46.57
Highest
$149,950 $75,336 $225,286
RYAN FRAULINI JOURNEYMAN LINEMAN 47.66
Highest
$147,066 $77,472 $224,538
DONALD BASINGER UTILITY SERVICEMAN 50.62
Highest
$146,131 $83,881 $230,012
TRAVIS SHORTLAND UTILITY SERVICEMAN 48.18
Highest
$145,868 $83,267 $229,135
TRAVIS JONES ENGINEERING & PURCHASING MANAGER 42.31
Highest
$145,693 $115,711 $261,404
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 $96,085,921 $96,085,921 $234,919,302 No data
2023 $93,143,370 $93,143,370 $226,470,638 No data
2022 $88,029,423 $88,029,423 $221,107,233 No data
2021 $85,978,289 $85,978,289 $211,832,578 No data
2020 $88,520,237 $88,520,237 $206,583,855 No data
2019 $104,979,232 $104,979,232 $201,137,443 No data
2018 $108,536,903 $108,536,903 $199,831,559 No data
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