SOUTH LOUISIANA ELECTRIC COOPERATIVE ASSOCIATION

EIN: 720320746

HOUMA, LA

Total Revenue
$8,791,328
Total Expenses
$8,502,347
Total Assets
$243,799,573
Net Assets
$49,224,130
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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
1938
Legal Domicile
LA
Principal Officer
ALEXANDER DOYLE
Phone
9858766880
Tax Period
2022-01-01 to 2022-12-31

SOUTH LOUISIANA ELECTRIC COOPERATIVE ASSOCIATION, founded in 1938, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2022. Revenue surged 66% from the prior year, signaling strong growth momentum. Expenses of $8.5M left a modest 3% surplus.

Mission

SOUTH LOUISIANA ELECTRIC COOPERATIVE ASSOCIATION WAS ORGANIZED AS A MEMBERSHIP COOPERATIVE TO PROVIDE ELECTRICTY TO ITS MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $131,913
Other Revenue $8,659,415
TOTAL REVENUE $8,791,328

Expense Breakdown

Grants Paid $1,795
Salaries & Benefits $1,513,123
Fundraising Expenses $0
Program Expenses $8,502,347
Other Expenses $6,987,429
TOTAL EXPENSES $8,502,347

Year-over-Year Comparison

2022 2021 Change
Revenue $8,791,328 $5,290,787 +0.7%
Expenses $8,502,347 $4,369,847 +0.9%
Net Income $288,981 $920,940 -0.7%
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

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Governance

Voting Members
10
Independent Members
10
Employees
96
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
5
$458,811
Total Directors
11
$439,293
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER DOYLE PRESIDENT 5.00
Officer Director
$38,920 $0 $38,920
DAVID LUKE VICE PRESIDENT 5.00
Officer Director
$50,565 $0 $50,565
BRIAN RIVET SECRETARY 7.00
Officer Director
$39,465 $0 $39,465
TERRY TRAHAN TREASURER 4.00
Officer Director
$50,784 $0 $50,784
LLOYD GIBSON ADVISOR 4.00
Director
$34,774 $0 $34,774
EROY ACOSTA DIRECTOR 5.00
Director
$50,562 $0 $50,562
J D BOUDREAUX DIRECTOR 4.00
Director
$16,283 $0 $16,283
ROGER DEHART DIRECTOR 7.00
Director
$55,337 $0 $55,337
LARRY DAIGLE DIRECTOR 5.00
Director
$50,589 $0 $50,589
TREVOR BENOIT DIRECTOR 5.00
Director
$35,743 $0 $35,743
ABBBYLYNN LEBLANC DIRECTOR 7.00
Director
$16,271 $0 $16,271
JOE TICHELI GENERAL MANAGER 40.00
Officer
$182,262 $96,815 $279,077
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
2022 $8,791,328 $8,502,347 $243,799,573 $288,981
2021 $5,290,787 $4,369,847 $257,403,755 $920,940
2020 $4,681,225 $4,027,289 $118,977,862 $653,936
2019 $4,999,091 $3,974,010 $112,950,995 $1,025,081
2018 $4,997,763 $4,173,855 $104,426,280 $823,908
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