SOUTHWEST RURAL ELECTRIC ASSOC INC (EIN 730459033) - 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

1938

Legal Domicile

Principal Officer

JEFF SIMPSON

Phone

5806675281

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST RURAL ELECTRIC ASSOC INC, founded in 1938, is a mid-sized nonprofit that reported $22.3M 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,022,724

Investment Income $109,868

Other Revenue $174,607

TOTAL REVENUE $22,307,199

Expense Breakdown

Grants Paid $19,451

Salaries & Benefits $1,252,035

Fundraising Expenses $0

Other Expenses $19,009,341

TOTAL EXPENSES $22,307,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,307,199	$23,965,887	-0.1%
Expenses	$22,307,199	$23,965,887	-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

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

$418,242

Total Directors

$237,958

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF SIMPSON	CEO	40.00	Officer	$204,765	$107,196	$311,961
BARRY HOLT	MGR OF MBR R	40.00	Highest	$114,878	$109,963	$224,841
MIKE WOLFE	MGR OF OPERA	40.00	Highest	$130,643	$76,477	$207,120
KAREN RIVET	MANAGER OF F	40.00	Highest	$109,298	$56,219	$165,517
DAN LAMBERT	TRUSTEE	16.00	Director	$49,581	$0	$49,581
RONNIE SWAN	PRESIDENT	7.00	Officer Director	$47,479	$0	$47,479
DON PROCTOR	SECRETARY	8.00	Officer Director	$36,760	$0	$36,760
DON ELLIS	TRUSTEE	13.00	Director	$29,452	$0	$29,452
CARL BROCKRIEDE	TRUSTEE	4.00	Director	$27,240	$0	$27,240
DAN WHITE	TRUSTEE	5.00	Director	$25,404	$0	$25,404
DAN ELSENER	VICE PRESIDE	3.00	Officer Director	$22,042	$0	$22,042

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	$22,307,199	$22,307,199	$79,300,723	No data
2022	$23,965,887	$23,965,887	$77,319,715	No data
2021	$20,135,432	$20,135,432	$74,001,838	No data
2020	$18,430,785	$18,430,785	$71,138,287	No data
2019	$19,020,741	$19,020,741	$68,861,822	No data
2018	$17,917,890	$17,917,890	$67,486,495	No data

SOUTHWEST RURAL ELECTRIC ASSOC INC