SOUTHSIDE ELECTRIC INC (EIN 820110465) - 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

Phone

2086542313

Tax Period

2024-12-01 to 2025-11-30

SOUTHSIDE ELECTRIC INC, founded in 1937, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $5.1M left a modest 6% surplus.

Mission

DISTRIBUTE POWER TO DECLO SERVICE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,413,340

Investment Income $29,947

Other Revenue $22,676

TOTAL REVENUE $5,465,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,048,320

Fundraising Expenses $0

Program Expenses $5,122,291

Other Expenses $4,073,971

TOTAL EXPENSES $5,122,291

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,465,963	$4,956,434	+0.1%
Expenses	$5,122,291	$4,472,151	+0.1%
Net Income	$343,672	$484,283	-0.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JARED TEETER	GENERAL MANAGER	40.00		$144,779	$52,017	$196,796
JAKE STABLEY	LINE FOREMAN	40.00		$125,101	$49,065	$174,166
DANNY TURNER	Director	1.00	Director	$0	$0	$0
TY CAMERON	Secretary	1.00	Officer Director	$0	$0	$0
SHAWN HURST	Vice President	1.00	Director	$0	$0	$0
JESSE WICKEL	Director	1.00	Director	$0	$0	$0
RUSSELL PERLEY	President	1.00	Officer Director	$0	$0	$0

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	$5,465,963	$5,122,291	$8,932,253	$343,672
2024	$4,956,434	$4,472,151	$7,295,424	$484,283
2023	$4,570,510	$4,140,913	$6,596,170	$429,597
2022	$4,576,655	$4,087,247	$5,942,314	$489,408
2021	$4,439,815	$3,836,667	$5,293,951	$603,148
2020	$4,402,337	$3,733,963	$5,022,508	$668,374
2019	$3,457,594	$3,482,045	$4,222,982	$-24,451
2018	$3,470,208	$3,495,879	$4,121,853	$-25,671

SOUTHSIDE ELECTRIC INC