SOUTHERN ILLINOIS POWER COOPERATIVE (EIN 370801403) - Form 990 Financial Analysis & Trantor Score

🔒

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

1948

Legal Domicile

Principal Officer

PAUL FURTAK

Phone

6189461448

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN ILLINOIS POWER COOPERATIVE, founded in 1948, is a major nonprofit that reported $180.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $174.3M left a modest 4% surplus.

Mission

TO DELIVER TO OUR MEMBER SYSTEMS, HIGHLY RELIABLE, REASONABLY-PRICED AND ENVIRONMENTALLY RESPONSIBLE WHOLESALE POWER, FOR THE BENEFIT OF THEIR MEMBERS AND THEIR COMMUNITIES.

🔒

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 $179,536,585

Investment Income $1,028,263

Other Revenue $273,234

TOTAL REVENUE $180,838,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,647,938

Fundraising Expenses $0

Other Expenses $153,612,365

TOTAL EXPENSES $174,260,303

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,838,082	$191,824,914	-0.1%
Expenses	$174,260,303	$185,304,743	-0.1%
Net Income	$6,577,779	$6,520,171	+0.0%

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

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

$1,195,068

Total Directors

Key Employees

$1,180,480

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN LIEFER	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR KNIGHT	DIRECTOR	2.00	Director	$0	$0	$0
GEORGE OBERNAGEL	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM LITTRELL	DIRECTOR	5.00	Director	$0	$0	$0
JAMES SCHERRER	DIRECTOR	3.00	Director	$0	$0	$0
FRANK HERMAN	DIRECTOR	1.00	Director	$0	$0	$0
CARY DICKINSON	DIRECTOR	2.00	Director	$0	$0	$0
TOM BEYERS	DIRECTOR	1.00	Director	$0	$0	$0
PAUL PYATT	DIRECTOR	2.00	Director	$0	$0	$0
SAM PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD RUDOLPHI	DIRECTOR	1.00	Director	$0	$0	$0
TIM HANKE	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN KALMER	DIRECTOR	2.00	Director	$0	$0	$0
RANDALL RUSHING	DIRECTOR	3.00	Director	$0	$0	$0
KEN JARRETT	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD NEFF	DIRECTOR	1.00	Director	$0	$0	$0
BOB PIERSON	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD RISTER	DIRECTOR	2.00	Director	$0	$0	$0
KATHY WITHERS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID MARTIN	DIRECTOR	2.00	Director	$0	$0	$0
AMY HOFFMAN-ROHLING	DIRECTOR	1.00	Director	$0	$0	$0
BOB KROEGER	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
DUSTIN TRIPP	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
DAVID JOHNSTON	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
ALAN WATTLES	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
LUKE JOHNSON	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
MATT CONKLIN	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
SHANE HERMETZ	CO-OP MANAGER/DIRECTOR	0.10	Director	$0	$0	$0
DONALD GULLEY	PRESIDENT & CEO	60.00	Officer	$610,605	$163,438	$774,043
PAUL FURTAK	VICE PRESIDENT OF ADMIN & FINANCE(CFO)	50.00	Officer	$223,790	$197,235	$421,025
WENDELL WATSON	DIRECTOR OF ENVIRONMENTAL SERVICES	50.00	Key Emp	$209,253	$116,369	$325,622
LARRY BURNS	VICE PRESIDENT OF MARKETS & POWER DELIVERY	50.00	Key Emp	$194,582	$105,487	$300,069
ROBERT CONN	MANAGER GENERATION & FUEL	50.00	Key Emp	$190,414	$107,795	$298,209
ASHLEY MCCUAN	VICE PRESIDENT OF POWER SUPPLY	50.00	Key Emp	$184,415	$72,165	$256,580
JAMES COZART	SHIFT FOREMAN	74.00	Highest	$169,499	$75,111	$244,610
GARY CHAMNESS	SHIFT FOREMAN	69.00	Highest	$168,190	$85,261	$253,451
JAMES CRABB	SYSTEMS OPERATOR	73.00	Highest	$162,037	$86,808	$248,845
CHARLES LEEK	SYSTEMS OPERATOR	71.00	Highest	$158,406	$30,770	$189,176
JERRY BEERS	SYSTEMS OPERATOR	68.00	Highest	$157,783	$75,538	$233,321

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	$180,838,082	$174,260,303	$667,755,111	$6,577,779
2022	$191,824,914	$185,304,743	$670,440,755	$6,520,171
2021	$167,555,011	$160,964,134	$684,387,502	$6,590,877
2020	$165,064,542	$162,315,653	$691,802,294	$2,748,889
2019	$191,103,205	$182,879,962	$714,541,928	$8,223,243
2018	$206,661,090	$198,127,806	$734,665,601	$8,533,284

SOUTHERN ILLINOIS POWER COOPERATIVE