SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION (EIN 720323335) - 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

KATHERINE H DOMINGUE

Phone

3378965384

Tax Period

2024-01-01 to 2024-12-31

SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION is a tax-exempt nonprofit with EIN 720323335, based in LAFAYETTE, LA. Founded in 1937, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $303,816,561 in total revenue and $305,642,917 in total expenses, with net assets of $283,492,915.

Mission

DISTRIBUTION OF ELECTRIC SERVICE TO MEMBERS

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $300,060,261

Investment Income $3,153,045

Other Revenue $603,255

TOTAL REVENUE $303,816,561

Expense Breakdown

Grants Paid $39,970

Salaries & Benefits $27,971,776

Fundraising Expenses $0

Other Expenses $277,631,171

TOTAL EXPENSES $305,642,917

Year-over-Year Comparison

	2024	2023	Change
Revenue	$303,816,561	$313,037,185	0.0%
Expenses	$305,642,917	$313,342,748	0.0%
Net Income	$-1,826,356	$-305,563	+5.0%

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

279

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

$1,035,299

Total Directors

$392,583

Key Employees

$606,755

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE H DOMINGUE	GENERAL MANA	50.00	Officer	$361,660	$196,953	$558,613
JAMES E LAQUE JR	KEY EMPLOYEE	50.00	Key Emp	$292,225	$39,919	$332,144
NICOLE C CLEMENTS	CFO	50.00	Officer	$210,327	$91,029	$301,356
CHARLES D MOORE	KEY EMPLOYEE	50.00	Key Emp	$206,597	$68,014	$274,611
GLENN M ANGELLE	EMPLOYEE	50.00	Highest	$208,617	$33,607	$242,224
SHANE DUGAS	EMPLOYEE	50.00	Highest	$156,583	$75,287	$231,870
TIMOTHY GUIDRY	EMPLOYEE	50.00	Highest	$156,940	$62,883	$219,823
NICHOLAS D VINCENT	EMPLOYEE	50.00	Highest	$158,219	$56,277	$214,496
DAMON VINCENT	EMPLOYEE	50.00	Highest	$156,277	$43,042	$199,319
CARL J COMEAUX	2ND VICE PRE	8.00	Officer Director	$44,147	$0	$46,847
BRYAN G LEONARDS SR	SECRETARY/TR	8.00	Officer Director	$43,202	$0	$46,802
JOSEPH D SIMON JR	PRESIDENT	12.00	Officer Director	$44,041	$0	$44,041
JEREMY P MELANCON	DIRECTOR	8.00	Director	$39,572	$0	$39,572
GARY SOILEAU	1ST VICE PRE	8.00	Officer Director	$33,740	$0	$37,640
JOHN B MEAUX	DIRECTOR	8.00	Director	$37,529	$0	$37,529
JEFF DAIGLE	DIRECTOR	8.00	Director	$36,902	$0	$36,902
DON L RESWEBER	DIRECTOR	8.00	Director	$32,766	$0	$36,066
CHARLES SONNIER	DIRECTOR	8.00	Director	$34,581	$0	$34,581
GARY J SMITH	DIRECTOR	8.00	Director	$32,603	$0	$32,603

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	$303,816,561	$305,642,917	$555,822,239	$-1,826,356
2023	$313,037,185	$313,342,748	$549,636,526	$-305,563
2022	$295,781,574	$296,044,723	$535,248,299	$-263,149
2021	$245,337,577	$245,313,454	$508,237,761	$24,123
2020	$223,105,409	$223,591,698	$496,300,294	$-486,289
2019	$236,191,537	$236,544,535	$470,481,035	$-352,998
2018	$237,128,414	$235,144,639	$456,513,227	$1,983,775

SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION