FEM ELECTRIC ASSOCIATION INC

EIN: 460213171 Unknown

IPSWICH, SD

Total Revenue
$18,745,756
Total Expenses
$17,570,766
Total Assets
$51,091,480
Net Assets
$23,031,973
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
SD
Principal Officer
SCOTT MOORE
Phone
6054266891
Tax Period
2025-01-01 to 2025-12-31

FEM ELECTRIC ASSOCIATION INC, founded in 1949, is a mid-sized nonprofit in the Unknown sector that reported $18.7M in total revenue in fiscal year 2025. Expenses of $17.6M left a modest 6% surplus.

Mission

TO ENHANCE THE QUALITY OF LIFE OF OUR MEMBERS, BY SAFELY PROVIDING RELIABLE, COST-EFFICIENT ELECTRICITY AND OTHER SERVICES.

Program Service Accomplishments

Program 1

PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 1,321 MEMBERS AND SERVE APPROXIMATELY 1,959.13 MILES OF OVERHEAD AND UNDERGROUND LINE. IN 2025, ELECTRIC LINE DECREASED BY 0.79 MILES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $18,595,343
Investment Income $124,760
Other Revenue $25,653
TOTAL REVENUE $18,745,756

Expense Breakdown

Grants Paid $8,352
Salaries & Benefits $2,085,296
Fundraising Expenses $0
Other Expenses $15,115,757
TOTAL EXPENSES $17,570,766

Year-over-Year Comparison

2025 2024 Change
Revenue $18,745,756 $18,157,189 +0.0%
Expenses $17,570,766 $16,996,417 +0.0%
Net Income $1,174,990 $1,160,772 +0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
18
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
6
$303,859
Total Directors
5
$34,675
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY BACHMAN PRESIDENT 5.30
Officer Director
$10,415 $0 $10,415
TOM THORPE VICE PRESIDENT 2.00
Officer Director
$7,215 $0 $7,215
PAULA PETERSEN TREASURER 2.00
Officer Director
$6,415 $0 $6,415
ERIC ODENBACH SECRETARY 1.30
Officer Director
$5,015 $0 $5,015
KELLY MELIUS ASSISTANT SECRETARY/TREASURER 1.00
Officer Director
$5,615 $0 $5,615
SCOTT MOORE GENERAL MANAGER/CEO 41.80
Officer
$180,165 $89,019 $269,184
SEAN CHRISTIANSEN LINE SUPERINTENDENT 40.40
Highest
$117,950 $71,945 $189,895
RYAN HOLIEN ELECTRICAL DEPT MANAGER 40.00
Highest
$116,971 $76,148 $193,119
RHONDA TUSCHERER DIRECTOR OF FINANCE AND BENEFITS 40.00
Highest
$124,447 $83,577 $208,024
JUSTIN LARSON LINE FOREMAN 42.60
Highest
$105,988 $110,578 $216,566
CHAD DUTENHOFFER JOURNEYMAN LINEMAN/WOS/ELECT/FOREMAN 42.00
Highest
$105,371 $61,952 $167,323
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 $18,745,756 $17,570,766 $51,091,480 $1,174,990
2024 $18,157,189 $16,996,417 $49,381,710 $1,160,772
2023 $18,064,744 $16,671,820 $48,279,286 $1,392,924
2022 $17,398,603 $15,864,385 $45,456,850 $1,534,218
2021 $15,874,732 $15,100,974 $42,436,941 $773,758
2020 $17,029,031 $16,111,053 $41,163,016 $917,978
2019 $16,749,932 $15,777,127 $41,357,973 $972,805
2018 $17,659,884 $15,530,666 $40,563,224 $2,129,218
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