Fem Electric Association Inc
Nonprofit profile at a glance
- EIN
- 460213171
- IRS 990 coverage
- 2010–2025
- Forms available
- Form 990 2025
- Location
- Ipswich, SD, USA
- Phone
- 6054266891
- Rating confidence
- Limited
Reported finances
- Revenue
- $18,745,756
- Expenses
- $17,570,766
- Assets
- $51,091,480
- Liabilities
- $28,059,507
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- GARY BACHMAN (PRESIDENT)
- TOM THORPE (VICE PRESIDENT)
- SCOTT MOORE (GENERAL MANAGER/CEO)
Highest reported compensation
- SCOTT MOORE (GENERAL MANAGER/CEO): $269,184 total reported compensation
- JUSTIN LARSON (LINE FOREMAN): $216,566 total reported compensation
- RHONDA TUSCHERER (DIRECTOR OF FINANCE AND BENEFITS): $208,024 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance the quality of life of our members, by safely providing reliable, cost-efficient electricity and other services.
What it reported doing in 2025
Provided electric service to approximately 1,321 members and serve approximately 1,959.13 miles of overhead and underground line. In 2025, electric line decreased by 0.79 miles.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 71
- Accountability: 91
- Sustainability: 49
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 6.3%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 2.91; rating input score 65; 65th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 23; 23rd percentile among comparable filings
- Officer compensation ratio: 7.3%; rating input score 40; 40th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: 3.3% per year; rating input score 100; 21st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $269K · 11 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $491K reported
- Consistency: 12 of 12 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 11 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 23/100.
- Moderate — Sustainability: Officer compensation ratio scored 40/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.