SOUTHEASTERN ELECTRIC COOPERATIVE INC

EIN: 460454373 Mutual Benefit

LENNOX, SD

Total Revenue
$87,619,989
Total Expenses
$87,619,989
Total Assets
$265,106,823
Net Assets
$93,313,714
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
SD
Principal Officer
CHAD KINSLEY
Phone
6056483619
Tax Period
2024-01-01 to 2024-12-31

SOUTHEASTERN ELECTRIC COOPERATIVE INC, founded in 2000, is a mid-sized nonprofit in the Mutual Benefit sector that reported $64.1M in total revenue in fiscal year 2020.

Mission

PROVIDING ELECTRIC SERVICE TO MEMBER-CONSUMERS.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $87,281,595
Investment Income $361,112
Other Revenue $-22,718
TOTAL REVENUE $87,619,989

Expense Breakdown

Grants Paid $57,154
Salaries & Benefits $8,252,800
Fundraising Expenses $0
Other Expenses $71,487,070
TOTAL EXPENSES $87,619,989

Year-over-Year Comparison

2024 2023 Change
Revenue $87,619,989 $81,602,377 +0.1%
Expenses $87,619,989 $81,602,377 +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
🔒

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

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
71
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
$654,043
Total Directors
9
$120,645
Key Employees
1
$289,426
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE HOLMBERG PRESIDENT 5.30
Officer Director
$13,230 $0 $13,230
ROBERT WOLLMANN VICE PRESIDENT 7.10
Officer Director
$13,780 $0 $13,780
DARYL TERVEEN TREASURER 4.50
Officer Director
$11,205 $0 $11,205
JOHNATHAN WILDEBOER SECRETARY 6.10
Officer Director
$15,155 $0 $15,155
CHRIS HOFER DIRECTOR 3.40
Director
$11,880 $0 $11,880
CARLOS HOFER DIRECTOR 3.80
Director
$10,855 $0 $10,855
DON HEEREN DIRECTOR 5.90
Director
$12,530 $0 $12,530
JOHN OSTRAAT DIRECTOR 6.70
Director
$14,605 $0 $14,605
DONOVAN KOST DIRECTOR 8.80
Director
$17,405 $0 $17,405
JON WUNDER CFO 40.00
Officer
$158,959 $57,365 $216,324
CHAD KINSLEY CEO 40.00
Officer
$327,102 $57,247 $384,349
JOHN EUCHNER VP OF OPERATIONS & ENGINEERING 40.00
Key Emp
$185,992 $103,434 $289,426
TODD NELSON VP OF INFORMATION TECHNOLOGY 40.00
Highest
$169,667 $57,114 $226,781
TROY PETERS LINE SUPERINTENDENT 40.00
Highest
$153,745 $126,392 $280,137
ROBERT KALDA LINE SUPERINTENDENT 40.00
Highest
$133,929 $48,606 $182,535
ADAM STARK LINE SUPERINTENDENT 40.00
Highest
$137,800 $68,667 $206,467
ROBERT DUBBELDE LINE SUPERINTENDENT 40.00
Highest
$140,578 $43,031 $183,609
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 $87,619,989 $87,619,989 $265,106,823 No data
2023 $81,602,377 $81,602,377 $248,235,233 No data
2022 $76,912,343 $76,912,343 $223,506,079 No data
2021 $71,615,783 $71,615,783 $202,199,401 No data
2020 $64,131,933 $64,131,933 $188,239,253 No data
Explore More Nonprofits
→Top 100 Nonprofits in South Dakota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SOUTHEASTERN ELECTRIC COOPERATIVE INC with other nonprofits in South Dakota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.