South Louisiana Electric Cooperative Association

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

12 people listed

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

South Louisiana electric cooperative association was organized as a membership cooperative to provide electricty to its members.

Sleca provided electric utility service to approximately 16,500 members during the year.

Revenue model: Other-operating. 98% of the money available for current operations came from other operating 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd 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: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 3.3%; rating input score 45; 45th percentile among comparable filings
Total-asset coverage ratio: 28.67; rating input score 98; 98th percentile among comparable filings
Liabilities to assets ratio: 0.8; rating input score 11; 11th percentile among comparable filings
Officer compensation ratio: 8.4%; rating input score 32; 32nd percentile among comparable filings

Program expense growth: Limited
Revenue growth: 3.6% per year; rating input score 100; 36th percentile among comparable filings
Asset growth: 8.1% per year; rating input score 100; 52nd percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 10 of 10 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment · $8.5M in reported program spending
Leadership: top reported pay $279K · 12 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 5 contractors listed · $46.7M reported
Consistency: 10 of 10 current checks pass
Schedules: 5 filed schedules · includes executive pay
Filing history: 13 filing years from 2010 to 2022
Contacts: How to reach this organization
Money network: 13 filed money-flow records
Related organizations: 1 filed related-organization link
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.

Signals prioritize questions for review. They are not findings of misconduct.