SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION (EIN 720323335) - 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

Principal Officer

KATHERINE H DOMINGUE

Phone

3378965384

Tax Period

2025-01-01 to 2025-12-31

SOUTHWEST LOUISIANA ELECTRIC MEMBERSHIP CORPORATION, founded in 1937, is a major nonprofit that reported $320.5M in total revenue in fiscal year 2025.

Mission

DISTRIBUTION OF ELECTRIC SERVICE TO 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $316,346,180

Investment Income $3,519,056

Other Revenue $618,931

TOTAL REVENUE $320,484,167

Expense Breakdown

Grants Paid $40,600

Salaries & Benefits $29,794,164

Fundraising Expenses $0

Other Expenses $273,531,322

TOTAL EXPENSES $319,991,784

Year-over-Year Comparison

	2025	2024	Change
Revenue	$320,484,167	$303,816,561	+0.1%
Expenses	$319,991,784	$305,642,917	+0.0%
Net Income	$492,383	$-1,826,356	-1.3%

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

288

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

$1,193,811

Total Directors

$332,303

Key Employees

$309,257

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHERINE H DOMINGUE	GENERAL MANA	50.00	Officer	$381,099	$294,949	$676,048
NICOLE C CLEMENTS	CFO	50.00	Officer	$223,694	$144,575	$368,269
CHARLES D MOORE	KEY EMPLOYEE	50.00	Key Emp	$223,708	$85,549	$309,257
SHANE DUGAS	EMPLOYEE	50.00	Highest	$160,815	$93,407	$254,222
GLENN M ANGELLE	EMPLOYEE	50.00	Highest	$214,739	$35,119	$249,858
HUNTER PELTIER	EMPLOYEE	50.00	Highest	$158,190	$66,817	$225,007
KEVIN GUIDRY	EMPLOYEE	50.00	Highest	$157,841	$59,649	$217,490
WAYNE PHILLIPS	EMPLOYEE	50.00	Highest	$180,697	$19,131	$199,828
BRYAN G LEONARDS SR	SECRETARY/TR	8.00	Officer Director	$39,212	$0	$41,617
JOSEPH D SIMON JR	PRESIDENT	12.00	Officer Director	$40,961	$0	$40,961
CARL J COMEAUX	2ND VICE PRE	8.00	Officer Director	$36,285	$0	$37,882
JEREMY P MELANCON	DIRECTOR	8.00	Director	$36,234	$0	$36,234
JEFF DAIGLE	DIRECTOR	8.00	Director	$35,839	$0	$35,839
DON L RESWEBER	DIRECTOR	8.00	Director	$28,590	$0	$30,925
GARY SOILEAU	1ST VICE PRE	8.00	Officer Director	$26,609	$0	$29,034
GARY J SMITH	DIRECTOR	8.00	Director	$26,334	$0	$26,334
JOHN B MEAUX	DIRECTOR	8.00	Director	$25,197	$0	$25,197
CHARLES SONNIER	DIRECTOR	8.00	Director	$18,658	$0	$18,658
JOANNA SONNIER	DIRECTOR	8.00	Director	$9,622	$0	$9,622

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	$320,484,167	$319,991,784	$572,148,607	$492,383
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