Southern Iowa Electric Cooperative Inc

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

11 people listed

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Providing safe, reliable electricity.

Sale electricity - to provide electric energy and services to approximately 4,800 meters.

Revenue model: Earned-program. 93% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 90.9%; rating input score 91; 7th percentile among comparable filings
Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- 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: No; rating input score 0

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: -0%; rating input score 21; 21st percentile among comparable filings
Total-asset coverage ratio: 3.89; rating input score 73; 73rd percentile among comparable filings
Liabilities to assets ratio: 0.58; rating input score 20; 20th percentile among comparable filings
Officer compensation ratio: 2.9%; rating input score 74; 74th percentile among comparable filings

Program expense growth: 1.1% per year; rating input score 100; 14th percentile among comparable filings
Revenue growth: 1.2% per year; rating input score 100; 10th percentile among comparable filings
Asset growth: 2.8% per year; rating input score 100; 18th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $293K · 11 people listed · 3 of 6 pay-setting controls reported
Highest-paid contractors: 3 contractors listed · $6M reported
Consistency: 12 of 13 current checks pass · 1 finding to review
Schedules: 5 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: 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.

High — Transparency & Controls: Related-party transparency scored 0/100.
High — Sustainability: Operating margin scored 21/100.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
High — Sustainability: Liabilities to assets ratio scored 20/100.