SOUTHWESTERN ELECTRIC COOPERATIVE INC (EIN 370525575) - 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

1939

Legal Domicile

Principal Officer

BOBBY WILLIAMS JR

Phone

8006378667

Tax Period

2024-01-01 to 2024-12-31

SOUTHWESTERN ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $69.8M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS.

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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 $0

Program Service Revenue $68,470,871

Investment Income $268,734

Other Revenue $1,043,753

TOTAL REVENUE $69,783,358

Expense Breakdown

Grants Paid $41,279

Salaries & Benefits $966,852

Fundraising Expenses $0

Other Expenses $62,746,839

TOTAL EXPENSES $68,842,759

Year-over-Year Comparison

	2024	2023	Change
Revenue	$69,783,358	$63,052,962	+0.1%
Expenses	$68,842,759	$61,703,873	+0.1%
Net Income	$940,599	$1,349,089	-0.3%

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

$839,597

Total Directors

$227,759

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY GAFFNER	PRESIDENT	8.25	Officer Director	$25,451	$0	$25,451
JARED STINE	VICE PRESIDENT	3.80	Officer Director	$25,051	$0	$25,051
ANNETTE HARTLIEB	SECRETARY	6.50	Officer Director	$25,051	$0	$25,051
SANDRA GRAPPERHAUS	TREASURER	4.31	Officer Director	$24,951	$0	$24,951
MARVIN WARNER	DIRECTOR	3.87	Director	$2,851	$23,000	$25,851
BRADLEY LURKINS	DIRECTOR	4.92	Director	$25,251	$0	$25,251
THEODORE WILLMAN	DIRECTOR	2.08	Director	$24,951	$0	$24,951
WILLIAM JENNINGS	DIRECTOR	7.69	Director	$25,451	$0	$25,451
ANN SCHWARM	DIRECTOR	3.86	Director	$25,751	$0	$25,751
BOBBY WILLIAMS JR	CEO	50.00	Officer	$293,611	$84,928	$378,539
VICTOR BUEHLER II	COO	50.00	Officer	$190,515	$49,581	$240,096
NATHAN TAYLOR	CFO	50.00	Officer	$105,588	$14,870	$120,458
DUSTIN KEMP	JOURNEYMAN LINEMAN	69.25	Highest	$183,162	$16,757	$199,919
CRAIG JENNINGS	VP OF ENGINEERING	50.00	Highest	$183,093	$35,174	$218,267
LEO DUBLO	MAINTENANCE FOREMAN	63.00	Highest	$182,970	$35,863	$218,833
ANDREW WESSEL	CONSTRUCTION FOREMAN	63.00	Highest	$178,562	$29,833	$208,395
LUKE CORDES	JOURNEYMAN LINEMAN	71.00	Highest	$176,170	$19,039	$195,209

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
2025	No data	No data	No data	No data
2024	$69,783,358	$68,842,759	$194,968,118	$940,599
2023	$63,052,962	$61,703,873	$194,459,808	$1,349,089
2022	$64,321,754	$63,714,706	$186,571,705	$607,048
2021	$63,354,486	$62,397,786	$164,346,209	$956,700
2020	$63,419,459	$62,438,161	$157,322,582	$981,298
2019	$64,431,510	$63,578,666	$161,381,608	$852,844
2018	$61,880,320	$60,657,238	$157,948,344	$1,223,082

SOUTHWESTERN ELECTRIC COOPERATIVE INC