SOUTHEASTERN ELECTRIC COOPERATIVE INC

EIN: 730457520

DURANT, OK

Total Revenue
$42,899,403
Total Expenses
$42,899,403
Total Assets
$91,690,258
Net Assets
$49,535,302
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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
OK
Principal Officer
JAMES FOX
Phone
5809242170
Tax Period
2023-01-01 to 2023-12-31

SOUTHEASTERN ELECTRIC COOPERATIVE INC, founded in 1939, is a mid-sized nonprofit that reported $42.9M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $42,625,213
Investment Income $224,776
Other Revenue $49,414
TOTAL REVENUE $42,899,403

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,334,621
Fundraising Expenses $0
Other Expenses $37,632,979
TOTAL EXPENSES $42,899,403

Year-over-Year Comparison

2023 2022 Change
Revenue $42,899,403 $46,140,293 -0.1%
Expenses $42,899,403 $46,140,293 -0.1%
Net Income $0 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

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Governance

Voting Members
7
Independent Members
7
Employees
42
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
$364,346
Total Directors
7
$249,067
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES FOX GENERAL MANA 40.00
Officer
$210,241 $154,105 $364,346
RUSSELL STEPP DIRECTOR OPE 40.00
Highest
$111,661 $48,623 $160,284
MICHAEL GREEN WORKING FORE 54.00
Highest
$115,433 $30,807 $146,240
JASON WHITAKER AREA SERVICE 46.27
Highest
$111,116 $33,433 $144,549
DONALD RICE AREA SERVICE 47.35
Highest
$114,563 $29,815 $144,378
LEITH BURKHALTER LINEMAN 40.00
Highest
$109,561 $33,129 $142,690
TRACY ROGERS MEMBER 2.00
Director
$40,132 $0 $40,132
DENNIS BOWEN VICE-PRESIDE 3.00
Director
$39,432 $0 $39,432
ODIS WILLINGHAM PRESIDENT 6.00
Director
$38,872 $0 $38,872
DAVID KELLY MEMBER 2.00
Director
$38,732 $0 $38,732
ANTHONY DILLARD MEMBER 2.00
Director
$38,172 $0 $38,172
CASEY ROBINSON MEMBER 2.00
Director
$38,032 $0 $38,032
STEVEN KELSO MEMBER 2.00
Director
$15,695 $0 $15,695
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 $42,899,403 $42,899,403 $91,690,258 No data
2022 $46,140,293 $46,140,293 $87,750,718 No data
2021 $40,665,061 $40,665,061 $83,173,851 No data
2020 $35,008,673 $35,008,673 $71,270,310 No data
2019 $35,144,946 $35,144,946 $69,697,279 No data
2018 $33,073,549 $33,073,549 $64,037,525 No data
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