SouthEastern Illinois Electric Cooperative, Inc.
Legal name: Southeastern Illinois Electric Coop Inc
Nonprofit profile at a glance
- EIN
- 370524860
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Carrier Mills, IL, United States
- Phone
- (800) 833-2611
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $96,085,921
- Expenses
- $96,085,921
- Assets
- $234,919,302
- Liabilities
- $92,925,550
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- DUSTIN TRIPP (PRESIDENT & CEO)
Highest reported compensation
- DUSTIN TRIPP (PRESIDENT & CEO): $610,116 total reported compensation
- JEFFREY CRISP (ROW & FLEET MANAGER): $323,601 total reported compensation
- JEFFREY NEUMAN (OPERATIONS MANAGER): $309,034 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
SouthEastern Illinois Electric Cooperative, Inc. is a member-owned, non-profit service organization that provides members with reliable electricity through superior customer service. Organized in 1938 for the purpose of making electricity available to rural areas, SouthEastern Illinois Electric Cooperative has grown steadily and now serves over 23,000 accounts through some 3,500 miles of power line. Because the Cooperative is locally owned by its members, each member has an equal voice in conducting business at an annual meeting. Mission Statement SouthEastern Illinois Electric Cooperative, Inc. Summary & Mission Statement Who We Are SouthEastern Illinois Electric Cooperative , Inc., is an electric power distribution system owned and controlled by its members. As a cooperatively owned private enterprise business, it operates on a not-for-profit basis and must have sufficient returns...
What it reported doing in 2024
Provide electric service to member-owners on a patronage basis. Serve an average of 25,156 per month.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 99.7%; rating input score 100
- Program expense ratio: 99.8%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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; 77th 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
Sustainability
- Operating margin: 0%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 2.44; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.4; rating input score 45; 45th percentile among comparable filings
- Officer compensation ratio: 3.8%; rating input score 28; 28th percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 0.2% per year; rating input score 100; 6th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 24th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 99.7% of revenue deployed · 99.8% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $95.9M in reported program spending
- Leadership: top reported pay $610K · 24 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $5M reported
- Consistency: 28 of 28 current checks pass
- Schedules: 3 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 24 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.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 29/100.
- High — Sustainability: Officer compensation ratio scored 28/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 45/100.