SOUTHERN ILLINOIS ELECTRIC COOPERATIVE (EIN 370525125) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1938

Legal Domicile

Principal Officer

DAVID A JOHNSTON

Phone

6188273555

Tax Period

2024-01-01 to 2024-12-31

SOUTHERN ILLINOIS ELECTRIC COOPERATIVE, founded in 1938, is a mid-sized nonprofit that reported $30.1M in total revenue in fiscal year 2024.

Mission

RESPONSIBLY AND SAFELY PROVIDE SERVICES TO EMPOWER OUR MEMBERS AND COMMUNITIES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $12,688

Program Service Revenue $29,244,125

Investment Income $87,981

Other Revenue $796,587

TOTAL REVENUE $30,141,381

Expense Breakdown

Grants Paid $2,500

Salaries & Benefits $4,994,715

Fundraising Expenses $0

Program Expenses $28,048,082

Other Expenses $23,980,161

TOTAL EXPENSES $30,151,219

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,141,381	$28,878,818	+0.0%
Expenses	$30,151,219	$28,634,710	+0.1%
Net Income	$-9,838	$244,108	-1.0%

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

Governance

Voting Members

Independent Members

Employees

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

$380,082

Total Directors

$51,313

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LITTRELL	DIRECTOR	3.75	Director	$4,100	$0	$4,100
RANDALL RUSHING	DIRECTOR	5.69	Director	$6,613	$0	$6,613
SCOTT MILLER	DIRECTOR	4.65	Director	$5,175	$0	$5,175
LAMAR HOUSTON	DIRECTOR	3.56	Director	$6,000	$0	$6,000
SCOTT URY	PRESIDENT	6.85	Director	$7,300	$0	$7,300
TONI SNELL	SECRETARY/TREASURER	4.50	Director	$5,250	$0	$5,250
GERALD THURSTON	VICE PRESIDENT	4.58	Director	$6,375	$0	$6,375
KIM BAKEHOUSE	DIRECTOR	2.42	Director	$6,500	$0	$6,500
TADGE WILSON	DIRECTOR	4.84	Director	$3,250	$0	$3,250
STEPHEN HEISNER	DIRECTOR	2.00	Director	$750	$0	$750
JULIE WILKE	DIRECTOR OF ADMINISTRATION AND FINANCE	40.00	Officer	$119,939	$39,325	$159,264
DAVID JOHNSTON	EXECUTIVE VICE PRESIDENT	40.00	Officer	$175,723	$45,095	$220,818
MICHAEL L LOGEMAN	DIRECTOR OF ENGINEERING	40.00	Highest	$134,154	$24,455	$158,609
STANLEY TREAT	UTILITY SERVICEMAN	49.50	Highest	$138,627	$30,681	$169,308
W A STOVER	CREW FOREMAN	43.17	Highest	$111,742	$29,001	$140,743
ROBERT MAYO	DIRECTOR OF OPERATIONS & MAINTENANCE	40.00	Highest	$141,240	$31,177	$172,417
ALLEN PLOTT	CREW FOREMAN	43.53	Highest	$124,241	$29,000	$153,241

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	$30,141,381	$30,151,219	$92,367,557	$-9,838
2023	$28,878,818	$28,634,710	$90,416,954	$244,108
2022	$28,767,428	$28,778,171	$88,838,528	$-10,743
2021	$29,044,969	$26,623,957	$87,126,762	$2,421,012
2020	$27,446,876	$26,278,996	$87,156,656	$1,167,880
2019	$30,042,820	$26,920,201	$85,356,454	$3,122,619
2018	$30,537,644	$28,546,334	$83,958,777	$1,991,310

SOUTHERN ILLINOIS ELECTRIC COOPERATIVE