Southwest Arkansas Electric Cooperative Corp (EIN 710166791) - 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

1937

Legal Domicile

Phone

8707722743

Tax Period

2023-01-01 to 2023-12-31

Southwest Arkansas Electric Cooperative Corp, founded in 1937, is a mid-sized nonprofit that reported $57.9M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $79.0M exceeded revenue, resulting in a 36% operating deficit.

Mission

PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE, AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION.

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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 $73,254,609

Investment Income $1,903,534

Other Revenue $-17,283,862

TOTAL REVENUE $57,874,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,604,175

Fundraising Expenses $0

Program Expenses $0

Other Expenses $62,521,271

TOTAL EXPENSES $78,974,821

Year-over-Year Comparison

	2023	2022	Change
Revenue	$57,874,281	$67,125,073	-0.1%
Expenses	$78,974,821	$86,469,995	-0.1%
Net Income	$-21,100,540	$-19,344,922	+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

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

$1,015,294

Total Directors

$315,649

Key Employees

$219,323

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	Vice Chairman	4.0	Officer Director	$39,671	$0	$39,671
N/A	Secretary/Treasurer	4.0	Officer Director	$38,715	$0	$38,715
N/A	Chairman	4.0	Officer Director	$40,715	$0	$40,715
N/A	Director	4.0	Director	$32,737	$0	$32,737
N/A	Director	4.0	Director	$10,520	$0	$10,520
N/A	Director	4.0	Director	$37,715	$0	$37,715
N/A	Director	4.0	Director	$10,494	$0	$10,494
N/A	Director	4.0	Director	$35,715	$0	$35,715
N/A	Director	4.0	Director	$21,822	$0	$21,822
N/A	Director	4.0	Director	$25,704	$0	$25,704
N/A	Director	4.0	Director	$21,841	$0	$21,841
N/A	Vice President of Operations	45.0	Officer	$152,788	$59,153	$211,941
N/A	Vice President of Engineering	40.0	Officer	$168,428	$64,087	$232,515
N/A	Vice President of IT THRU 9/6/23	40.0	Officer	$125,793	$47,635	$173,428
N/A	President and CEO	60.0	Officer	$213,578	$64,731	$278,309
N/A	Director of Engineering	40.0	Key Emp	$156,034	$63,289	$219,323
N/A	Lineman	52.0	Highest	$124,101	$73,753	$197,854
N/A	Manager of Metering and SCADA	40.0	Highest	$126,822	$57,249	$184,071
N/A	Lineman	52.0	Highest	$130,209	$43,525	$173,734
N/A	Lineman	52.0	Highest	$124,709	$48,085	$172,794
N/A	Lineman	51.0	Highest	$133,109	$31,742	$164,851

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	$57,874,281	$78,974,821	$332,150,322	$-21,100,540
2022	$67,125,073	$86,469,995	$272,487,208	$-19,344,922
2021	$75,107,900	$75,107,900	$239,684,249	No data
2020	$64,761,915	$64,761,915	$208,997,783	No data
2019	$67,435,262	$67,435,262	$209,752,879	No data
2018	$71,237,473	$71,237,473	$199,256,205	No data

Southwest Arkansas Electric Cooperative Corp