SOUTHERN IOWA ELECTRIC COOPERATIVE… - Form 990 Financial Data

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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

GREG PROCTOR

Phone

6416642277

Tax Period

2025-01-01 to 2025-12-31

SOUTHERN IOWA ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $16.8M in total revenue in fiscal year 2025. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDING SAFE, RELIABLE ELECTRICITY.

Program Service Accomplishments

Program 1

SALE ELECTRICITY - TO PROVIDE ELECTRIC ENERGY AND SERVICES TO APPROXIMATELY 4,800 METERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $15,695,350

Investment Income $74,461

Other Revenue $1,043,661

TOTAL REVENUE $16,813,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $485,829

Fundraising Expenses $0

Other Expenses $14,806,665

TOTAL EXPENSES $16,813,768

Year-over-Year Comparison

	2025	2024	Change
Revenue	$16,813,472	$15,538,996	+0.1%
Expenses	$16,813,768	$15,539,203	+0.1%
Net Income	$-296	$-207	+0.4%

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

$479,169

Total Directors

$16,020

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL DOWNING	PRESIDENT	7.00	Officer Director	$2,340	$0	$2,340
TRAVIS HARRIS	VICE PRESIDENT	4.00	Officer Director	$3,060	$0	$3,060
EARL TRACHSEL	SECRETARY	5.00	Officer Director	$1,980	$0	$1,980
DAVID YAHNKE	TREASURER	6.00	Officer Director	$1,980	$0	$1,980
RYAN DAVIS	DIRECTOR	1.00	Director	$1,620	$0	$1,620
ALAN BODKINS	DIRECTOR	4.00	Director	$1,800	$0	$1,800
JAMES SCHOOLEY	DIRECTOR	4.00	Director	$2,160	$0	$2,160
MAGGIE HOUGLAND	DIRECTOR	1.00	Director	$540	$0	$540
DOUG JARR	DIRECTOR	2.00	Director	$540	$0	$540
GREG PROCTOR	MANAGER/CEO	50.00	Officer	$202,293	$91,065	$293,358
ROSS HUNTER	COO	45.00	Officer	$112,781	$63,670	$176,451

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	$16,813,472	$16,813,768	$65,437,461	$-296
2024	No data	No data	No data	No data
2023	$14,685,046	$14,685,149	$56,556,562	$-103
2022	$14,205,433	$14,205,551	$52,067,629	$-118
2021	$14,138,953	$14,139,134	$51,169,684	$-181
2020	$14,093,696	$14,093,851	$51,121,142	$-155
2019	$14,150,778	$14,150,886	$51,758,943	$-108
2018	$14,205,690	$13,489,177	$51,221,540	$716,513

SOUTHERN IOWA ELECTRIC COOPERATIVE INC