SOUTHEAST ELECTRIC COOPERATIVE INC

EIN: 810228814

EKALAKA, MT

Total Revenue
$9,830,767
Total Expenses
$9,723,016
Total Assets
$25,432,421
Net Assets
$16,203,938
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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
1946
Legal Domicile
MT
Principal Officer
TYE B WILLIAMS
Phone
4067758762
Tax Period
2024-01-01 to 2024-12-31

SOUTHEAST ELECTRIC COOPERATIVE INC, founded in 1946, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THROUGH DEDICATION, COOPERATON, COMMUNITY INVOLVEMENT AND LOCAL CONTROL, WE PROVIDE SAFE, DEPENDABLE, AFFORDABLE ENERGY AND INNOVATION FOR THE BETTERMENT OF OUR MEMBERS TO IMPROVE THE QUALITY OF LIFE AND CREATE A BRIGHTER FUTURE FOR ALL

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $9,461,295
Investment Income $363,072
Other Revenue $6,400
TOTAL REVENUE $9,830,767

Expense Breakdown

Grants Paid $68,555
Salaries & Benefits $1,547,654
Fundraising Expenses $0
Other Expenses $6,718,054
TOTAL EXPENSES $9,723,016

Year-over-Year Comparison

2024 2023 Change
Revenue $9,830,767 $8,672,074 +0.1%
Expenses $9,723,016 $8,672,074 +0.1%
Net Income $107,751 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
6
Independent Members
6
Employees
12
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
4
$227,441
Total Directors
6
$50,288
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TYE B WILLIAMS GENERAL MANA 40.00
Officer
$133,072 $70,393 $203,465
ADAM KUNTZ LEAD LINEMAN 40.00
Highest
$115,162 $62,596 $177,758
JAKE HAMMEL OPERATIONS M 40.00
Highest
$111,532 $63,973 $175,505
SAMUEL ERFMAN CREW FOREMAN 40.00
Highest
$111,399 $62,296 $173,695
DOUGLAS GARDNER DIRECTOR 3.00
Director
$11,508 $0 $11,508
ALBERT PAUL PRESIDENT 4.38
Officer Director
$8,847 $0 $8,847
MICHAEL HANSEN VICE PRESIDE 2.58
Officer Director
$8,672 $0 $8,672
DAVE HAYDEN DIRECTOR 2.27
Director
$7,975 $0 $7,975
CLAYTON JARDEE DIRECTOR 1.92
Director
$6,829 $0 $6,829
KAREN KREITEL SECRETARY/TR 3.21
Officer Director
$6,457 $0 $6,457
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 No data No data No data No data
2024 $9,830,767 $9,723,016 $25,432,421 $107,751
2023 $8,672,074 $8,672,074 $24,822,687 No data
2022 $8,204,109 $8,204,109 $24,106,623 No data
2021 $7,030,153 $7,030,153 $22,253,929 No data
2020 $7,242,706 $7,242,706 $21,090,694 No data
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