SIOUX VALLEY SOUTHWESTERN ELECTRIC… - 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

DAN LEUTHOLD

Phone

6055343535

Tax Period

2023-01-01 to 2023-12-31

SIOUX VALLEY SOUTHWESTERN ELECTRIC COOPERATIVE INC, founded in 1939, is a major nonprofit that reported $106.1M in total revenue in fiscal year 2023.

Mission

SIOUX VALLEY ENERGY'S MISSION IS "SERVING OUR MEMBERS, ALWAYS".

Program Service Accomplishments

Program 1

RURAL ELECTRIC DISTRIBUTION COOPERATIVE PROVIDING 933,293,054 KWH OF ELECTRICITY TO 23,880 MEMBER OWNERS.

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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 $100,147,813

Investment Income $428,985

Other Revenue $5,516,917

TOTAL REVENUE $106,093,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $983,280

Fundraising Expenses $0

Other Expenses $96,569,139

TOTAL EXPENSES $106,093,715

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,093,715	$99,757,961	+0.1%
Expenses	$106,093,715	$99,757,961	+0.1%
Net Income	$0	$0	N/A

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

118

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

$848,342

Total Directors

$213,465

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY FISH	PRESIDENT	4.60	Officer Director	$21,009	$0	$21,009
DAN LEUTHOLD	VICE PRESIDENT	8.90	Officer Director	$12,943	$3,450	$16,393
DON DEGREEF	SECRETARY	9.80	Officer Director	$25,554	$0	$25,554
DAVE DANIEL	TREASURER	4.00	Officer Director	$15,571	$0	$15,571
RODNEY DEMENT	DIRECTOR	12.10	Director	$15,681	$3,600	$19,281
DR LESLIE HEINEMANN	DIRECTOR	5.90	Director	$14,362	$0	$14,362
GREGG JOHNSON	DIRECTOR	6.80	Director	$24,243	$0	$24,243
MARK ROGEN	DIRECTOR	7.40	Director	$25,338	$0	$25,338
LUCAS ROSKAMP	DIRECTOR	7.00	Director	$21,930	$0	$21,930
ANN VOSTAD	DIRECTOR	10.50	Director	$12,594	$0	$12,594
ALLAN WEINACHT	DIRECTOR	8.30	Director	$17,190	$0	$17,190
TIM MCCARTHY	GENERAL MANAGER/CEO	50.00	Officer	$332,592	$173,719	$506,311
JASON MAXWELL	CFO	46.00	Officer	$207,798	$55,706	$263,504
CARRIE VUGTEVEEN	DIRECTOR OF COM./GOVT. REL	46.00	Highest	$191,369	$76,014	$267,383
DEBRA BIEVER	DIRECTOR OF CUSTOMER & EMP	46.00	Highest	$137,231	$11,192	$148,423
THEODORE SMITH	DIRECTOR OF ENG & OPS	46.00	Highest	$198,993	$104,284	$303,277
TIM FEY	MANAGER OF CONTRACTOR RELATIONS	46.00	Highest	$145,833	$119,999	$265,832
MICHELE NIELSON	MANAGER ENGINEERING	42.00	Highest	$144,657	$91,419	$236,076

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	$106,093,715	$106,093,715	$352,249,569	No data
2022	$99,757,961	$99,757,961	$326,903,398	No data
2021	$95,033,427	$95,033,427	$299,619,509	No data
2020	$90,418,315	$90,419,890	$279,702,399	$-1,575
2019	$89,814,641	$88,006,425	$269,277,083	$1,808,216
2018	$91,087,003	$91,093,914	$250,156,148	$-6,911

SIOUX VALLEY SOUTHWESTERN ELECTRIC COOPERATIVE INC