SOUTHSIDE ELECTRIC COOPERATIVE INC (EIN 540387895) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

JASON LOEHR

Phone

4346457721

Tax Period

2023-01-01 to 2023-12-31

SOUTHSIDE ELECTRIC COOPERATIVE INC, founded in 1937, is a major nonprofit that reported $126.5M in total revenue in fiscal year 2018. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SAFE AND EFFECTIVE DISTRIBUTION OF ELECTRICITY TO THE MEMBERS OF SOUTHSIDE ELECTRIC COOPERATIVE.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $135,345,450

Investment Income $188,390

Other Revenue $602,731

TOTAL REVENUE $136,136,571

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,997,687

Fundraising Expenses $0

Other Expenses $109,717,749

TOTAL EXPENSES $133,137,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$136,136,571	$143,326,007	-0.1%
Expenses	$133,137,908	$140,129,074	0.0%
Net Income	$2,998,663	$3,196,933	-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

155

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

$747,164

Total Directors

$285,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE FELTS	VP ENGINEERI	50.00	Highest	$402,669	$174,478	$577,147
JASON LOEHR	PRESIDENT &	55.00	Officer	$351,686	$95,833	$447,519
RONALD WHITE	VP MEMBER SE	50.00	Highest	$247,757	$83,211	$330,968
SHEENA LANKFORD	VP MEMBER EN	50.00	Highest	$282,168	$46,001	$328,169
JACOB MCCANN	VP HUMAN RES	50.00	Highest	$220,371	$63,066	$283,437
JOSHUA WELLS	DIR OF TECH	50.00	Highest	$184,481	$43,283	$227,764
DANIEL DUFOUR	CFO	50.00	Officer	$120,799	$9,329	$130,128
CAROL MYERS	FORMER CFO	50.00	Officer	$50,672	$13,845	$64,517
FRANK W BACON	CHAIRMAN	24.44	Officer Director	$45,000	$0	$45,000
PAUL S BENNETT	SECRETARY	5.35	Officer Director	$30,000	$0	$30,000
CHARLES J FRIEDL	DIRECTOR	5.90	Director	$30,000	$0	$30,000
EARL C CURRIN JR	VICE CHAIRMA	6.44	Officer Director	$30,000	$0	$30,000
BRENDA JOHNSON	DIRECTOR	7.30	Director	$30,000	$0	$30,000
CLIVE PETTIS	DIRECTOR	9.07	Director	$30,000	$0	$30,000
SARAH SAUNDERS	DIRECTOR	8.38	Director	$30,000	$0	$30,000
KRISTIE MARTIN WALLACE	DIRECTOR	8.53	Director	$30,000	$0	$30,000
WILLIAM WHITE	DIRECTOR	10.50	Director	$30,000	$0	$30,000

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	$136,136,571	$133,137,908	$366,924,000	$2,998,663
2022	$143,326,007	$140,129,074	$358,996,187	$3,196,933
2021	$138,281,216	$137,334,406	$354,447,330	$946,810
2020	$127,474,778	$125,043,327	$344,035,259	$2,431,451
2019	$128,289,116	$127,867,899	$335,380,686	$421,217
2018	$126,462,574	$125,526,290	$344,869,264	$936,284

SOUTHSIDE ELECTRIC COOPERATIVE INC