SANTEE ELECTRIC COOPERATIVE INC (EIN 570240935) - Form 990 Financial Analysis & Trantor Score

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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

BILLY L MORRIS JR

Phone

8433556187

Tax Period

2025-01-01 to 2025-12-31

SANTEE ELECTRIC COOPERATIVE INC, founded in 1939, is a major nonprofit that reported $156.3M in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE QUALITY SERVICE AND PRODUCTS TO MEET THE ENERGY NEEDS OF OUR MEMBERS AT A COMPETITIVE PRICE CONSISTENT WITH SOUND BUSINESS PRACTICES, WHILE ENHANCING THE QUALITY OF LIFE IN OUR SERVICE AREA THROUGH THE SUPPORT OF ECONOMIC, CIVIC AND EDUCATIONAL OPPORTUNITIES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $156,277,528

Investment Income $232,036

Other Revenue $-227,282

TOTAL REVENUE $156,282,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,404,618

Fundraising Expenses $0

Program Expenses $156,687,392

Other Expenses $128,782,111

TOTAL EXPENSES $156,687,392

Year-over-Year Comparison

	2025	2024	Change
Revenue	$156,282,282	$135,947,346	+0.1%
Expenses	$156,687,392	$135,947,346	+0.2%
Net Income	$-405,110	N/A	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

127

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

$1,223,640

Total Directors

$274,351

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILLY L MORRIS JR	CHAIRMAN	8.00	Officer Director	$53,737	$0	$53,737
ALLEN NESMITH	VICE CHAIRMA	8.00	Officer Director	$22,480	$0	$22,480
WILLIAM FLOYD	SECOND VICE	8.00	Officer Director	$23,988	$0	$23,988
DONALD E COKER	SEC-TREAS	8.00	Officer Director	$44,020	$0	$44,020
ANDY D MCKNIGHT	ASST. SEC-TR	8.00	Director	$41,952	$0	$41,952
WALTER SANDERS	TRUSTEE	8.00	Director	$23,546	$0	$23,546
DUDLEY MUSIER	TRUSTEE	8.00	Director	$23,588	$0	$23,588
HARRY WALTERS	TRUSTEE	8.00	Director	$14,980	$0	$14,980
TIMOTHY COOPER	TRUSTEE	8.00	Director	$26,060	$0	$26,060
ROBERT ARDIS III	PRESIDENT &	50.00	Officer	$453,082	$218,370	$671,452
JAMES R COOPER	VICE PRESIDE	50.00	Officer	$262,140	$145,823	$407,963
ROBERT F HIGBE III	VP-ENGINEERI	50.00	Highest	$219,534	$132,623	$352,157
RONALD A JOHNSON	VP-OPERATION	47.00	Highest	$188,725	$116,241	$304,966
JAMES KIRBY	VP-PUBLIC AF	42.00	Highest	$170,045	$28,594	$198,639
JAIME JOHNSON	CREW FOREMAN	55.00	Highest	$163,258	$86,016	$249,274
CLARENCE PRESSLEY	1ST CLASS LI	67.00	Highest	$161,719	$87,516	$249,235

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	$156,282,282	$156,687,392	$305,553,911	$-405,110
2024	$135,947,346	$135,947,346	$282,800,638	No data
2023	$133,042,151	$133,042,151	$280,951,194	No data
2022	$137,026,293	$137,026,293	$268,330,133	No data
2021	$130,812,084	$130,812,084	$251,670,332	No data
2020	$131,707,767	$131,707,767	$247,515,578	No data
2019	$134,820,689	$134,820,689	$245,285,086	No data
2018	$142,289,014	$142,289,014	$229,435,874	No data

SANTEE ELECTRIC COOPERATIVE INC