SOUTHERN IOWA ELECTRIC COOPERATIVE INC (EIN 420536190) - 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

GREG PROCTOR

Phone

6416642277

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN IOWA ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $14.7M in total revenue in fiscal year 2023.

Mission

PROVIDING SAFE, RELIABLE ELECTRICITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,933,079

Investment Income $78,170

Other Revenue $673,797

TOTAL REVENUE $14,685,046

Expense Breakdown

Grants Paid $0

Salaries & Benefits $386,893

Fundraising Expenses $0

Other Expenses $13,146,248

TOTAL EXPENSES $14,685,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,685,046	$14,205,433	+0.0%
Expenses	$14,685,149	$14,205,551	+0.0%
Net Income	$-103	$-118	-0.1%

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

$377,533

Total Directors

$21,240

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARRELL DOWNING	PRESIDENT	7.00	Officer Director	$2,520	$0	$2,520
TRAVIS HARRIS	VICE PRESIDENT	4.00	Officer Director	$4,320	$0	$4,320
EARL TRACHSEL	SECRETARY	4.00	Officer Director	$3,240	$0	$3,240
DAVID YAHNKE	TREASURER	4.00	Officer Director	$1,800	$0	$1,800
SUSAN KNAPP	DIRECTOR	1.00	Director	$1,800	$0	$1,800
JASON WELLS	DIRECTOR	1.00	Director	$1,800	$0	$1,800
RODNEY RECK	DIRECTOR	4.00	Director	$1,800	$0	$1,800
TRENT GREGORY	DIRECTOR	2.00	Director	$1,800	$0	$1,800
FRED ZEITLER	DIRECTOR	1.00	Director	$1,620	$0	$1,620
RYAN DAVIS	DIRECTOR	1.00	Director	$540	$0	$540
GREG PROCTOR	MANAGER/CEO	50.00	Officer	$148,660	$60,235	$208,895
ROSS HUNTER	COO	50.00	Officer	$104,031	$52,727	$156,758

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	$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