Southwest Electric Cooperative

Nonprofit profile at a glance

EIN
440441450
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Bolivar, MO, USA
Phone
4173265244
Rating confidence
Limited

Official website

Reported finances

Revenue
$81,663,498
Expenses
$75,261,420
Assets
$206,213,219
Liabilities
$65,887,743

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • NANCY ERICKSON (PRESIDENT)
  • DANIEL MAUSS (VICE PRESIDENT)
  • JAMES ASHWORTH (CEO/GENERAL MANAGER)

Highest reported compensation

  • JAMES ASHWORTH (CEO/GENERAL MANAGER): $446,072 total reported compensation
  • JASON CARVER (CHIEF ENGINEER): $245,252 total reported compensation
  • LESLIE CANTRELL (MANAGER, FINANCE AND ACC): $229,728 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Southwest electric cooperative came into existence in october of 1939 and has been providing electrical service to rural members ever since. Swec owns 5,565 miles of line and serves just over 44,698 meters in eleven counties. Swec has three district offices. One office is located preston, Missouri and a second is located just north of springfield, Missouri. The third office is situated at the junction of j and 7 highways in camden county. Southwest electric is dedicated to providing its members with the best service possible.

What it reported doing in 2024

Provide electric service to over 40,000 meters

Operating model

Revenue model
Earned-program. 91% 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: 66
  • Accountability: 91
  • Sustainability: 65
  • 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; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • 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: Scored; rating input score 0

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 7.8%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 2.74; rating input score 73; 73rd percentile among comparable filings
  • Liabilities to assets ratio: 0.32; rating input score 54; 54th percentile among comparable filings
  • Officer compensation ratio: 2.3%; rating input score 50; 50th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.4% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 4% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $446K · 15 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $8.9M reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules · includes executive pay and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 15 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • 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 — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Officer compensation ratio scored 50/100.
  • Review — Sustainability: Liabilities to assets ratio scored 54/100.