SOUTHWEST ELECTRIC COOPERATIVE (EIN 440441450) - 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

1939

Legal Domicile

Principal Officer

JAMES ASHWORTH

Phone

4173265244

Tax Period

2024-01-01 to 2024-12-31

SOUTHWEST ELECTRIC COOPERATIVE, founded in 1939, is a mid-sized nonprofit that reported $81.7M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $75.3M left a modest 8% surplus.

Mission

TO PROVIDE ELECTRIC SERVICE

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $73,750,510

Investment Income $733,365

Other Revenue $7,179,623

TOTAL REVENUE $81,663,498

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,045,439

Fundraising Expenses $0

Other Expenses $66,215,981

TOTAL EXPENSES $75,261,420

Year-over-Year Comparison

	2024	2023	Change
Revenue	$81,663,498	$73,027,362	+0.1%
Expenses	$75,261,420	$69,290,408	+0.1%
Net Income	$6,402,078	$3,736,954	+0.7%

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

$531,783

Total Directors

$205,409

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACK BYBEE	SECRETARY/TREASURER	9.33	Officer Director	$2,275	$22,580	$24,855
LOWELL HILL	DIRECTOR	14.19	Director	$2,575	$22,578	$25,153
CHRIS JEWELL	DIRECTOR	3.92	Director	$2,775	$26,772	$29,547
MIKE FRIEZE	DIRECTOR	1.73	Director	$3,700	$21,128	$24,828
ED DORITY	DIRECTOR	12.29	Director	$3,425	$12,042	$15,467
NANCY ERICKSON	PRESIDENT	9.88	Officer Director	$2,950	$26,772	$29,722
DANIEL MAUSS	VICE PRESIDENT	5.38	Officer Director	$5,400	$6	$5,406
CARL BUTTON	DIRECTOR	4.35	Director	$3,575	$21,128	$24,703
BARRY EDWARDS	ASST. SECRETARY/TREASURER	5.58	Officer Director	$4,600	$21,128	$25,728
JAMES ASHWORTH	CEO/GENERAL MANAGER	50.00	Officer	$338,873	$107,199	$446,072
JASON CARVER	CHIEF ENGINEER	50.00	Highest	$179,858	$65,394	$245,252
LESLIE CANTRELL	MANAGER, FINANCE AND ACC	50.00	Highest	$162,870	$66,858	$229,728
JOSHUA WOLFE	OPERATIONS MANAGER	50.00	Highest	$156,342	$64,071	$220,413
ALVA RAINS	JOURNEYMAN	50.00	Highest	$146,322	$44,365	$190,687
BENJAMIN GERKE	JOURNEYMAN	50.00	Highest	$145,679	$50,010	$195,689

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	$81,663,498	$75,261,420	$206,213,219	$6,402,078
2023	$73,027,362	$69,290,408	$199,603,401	$3,736,954
2022	$70,745,586	$67,667,704	$196,615,354	$3,077,882
2021	$66,569,168	$63,832,015	$183,064,433	$2,737,153
2020	$68,440,245	$62,392,531	$168,824,606	$6,047,714
2019	$69,243,622	$63,675,316	$165,427,918	$5,568,306
2018	$70,003,598	$61,985,253	$162,345,486	$8,018,345

SOUTHWEST ELECTRIC COOPERATIVE