Southwestern Electric Cooperative Inc (EIN 850092760) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1947

Legal Domicile

Principal Officer

Travis Sullivan

Tax Period

2023-01-01 to 2023-12-31

Southwestern Electric Cooperative Inc, founded in 1947, is a mid-sized nonprofit that reported $25.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $25,547,022

Investment Income $203,135

Other Revenue $75,395

TOTAL REVENUE $25,825,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,056

Fundraising Expenses $0

Other Expenses $24,909,292

TOTAL EXPENSES $25,825,552

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,825,552	$26,872,770	0.0%
Expenses	$25,825,552	$26,872,770	0.0%
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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$278,551

Total Directors

$43,505

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Travis Sullivan	General Manager	50.00	Officer	$175,541	$103,010	$278,551
Joe Reeser	Director	2.00	Director	$14,299	$0	$14,299
Ron Green	Director	2.00	Director	$8,704	$0	$8,704
Roy Perschbacher	Director	2.00	Director	$5,503	$0	$5,503
Joel Gilbert	Director	2.00	Director	$5,499	$0	$5,499
Jack Chetfield	Director	2.00	Director	$3,500	$0	$3,500
Mikael Nixon	Director	2.00	Director	$2,750	$0	$2,750
Chad Deason	Director	2.00	Director	$2,250	$0	$2,250
Renee Rinestine	Director	0.00	Director	$1,000	$0	$1,000

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	$25,825,552	$25,825,552	$55,307,818	No data
2022	$26,872,770	$26,872,770	$54,622,985	No data
2021	$26,888,635	$26,888,635	$54,994,571	No data
2020	$27,806,053	$27,790,385	$53,723,491	$15,668
2019	$34,201,485	$34,354,271	$52,742,042	$-152,786
2018	$37,133,997	$37,133,997	$52,279,603	No data

Southwestern Electric Cooperative Inc