Southwestern Electric Cooperative, Inc.
Legal name: Southwestern Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 370525575
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Greenville, IL, USA
- Phone
- (800) 637-8667
- Rating confidence
- Limited
Reported finances
- Revenue
- $77,603,109
- Expenses
- $74,776,457
- Assets
- $198,708,339
- Liabilities
- $122,514,193
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- JERRY GAFFNER (PRESIDENT)
- JARED STINE (VICE PRESIDENT)
- BOBBY WILLIAMS JR (CEO)
Highest reported compensation
- BOBBY WILLIAMS JR (CEO): $428,173 total reported compensation
- VICTOR BUEHLER II (COO): $299,682 total reported compensation
- NATHAN TAYLOR (CFO): $260,907 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The corporate purpose and goal is, in accordance with and through the authority granted by the laws of the state of Illinois and the cooperative's articles of incorporation and bylaws, to provide energy and other services to its members at the lowest cost consistent with prudent utility practices.
What it reported doing in 2025
The cooperative provides electric service to approximately 25,000 accounts in bond, madison, fayette and effingham counties in Illinois.
Operating model
- Revenue model
- Earned-program. 96% 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: 59
- Accountability: 95
- Sustainability: 50
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 83.3%; rating input score 83; 1st 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: 33.5%; rating input score 33; 10th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: 3.6%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 2.66; rating input score 62; 62nd percentile among comparable filings
- Liabilities to assets ratio: 0.62; rating input score 30; 30th percentile among comparable filings
- Officer compensation ratio: 3.2%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.4% per year; rating input score 100; 9th percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 10th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $428K · 18 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.9M reported
- Consistency: 12 of 14 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 16 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 20 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.
- Moderate — Transparency & Controls: Grant itemization coverage scored 33/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Sustainability: Operating margin scored 50/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.