Southeastern Electric Cooperative Inc is a 501(c)(12) organization based in Lennox, South Dakota, registered in 2000, with $87,619,989 in FY2024 revenue. CharityIndex grades it A.
Revenue (FY2024)
$87.6M
▲ 7.4% vs prior year
Membership median: $185K
Expenses (FY2024)
$87.6M
Net assets
$93.3M
Employees
71
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Southeastern Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southeastern Electric Cooperative Inc: 13 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Southeastern Electric Cooperative Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southeastern Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Providing electric service to member-consumers.
Revenue grew from $64.1M (FY2020) to $87.6M (FY2024) across 5 reported years.
Financial snapshot
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$265.1M
Total liabilities
$171.8M
Net assets
$93.3M
Salaries & benefits
$8.3M
9% of expenses
Board members
9
9 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $87,619,989▲7.4% | $87,619,989▲7.4% | $93,313,714▲7.1% | $265,106,823▲6.8% | 990 |
| 2023 | $81,602,377▲6.1% | $81,602,377▲6.1% | $87,097,802▲5.5% | $248,235,233▲11.1% | 990 |
| 2022 | $76,912,343▲7.4% | $76,912,343▲7.4% | $82,595,910▲11.1% | $223,506,079▲10.5% | 990 |
| 2021 | $71,615,783▲11.7% | $71,615,783▲11.7% | $74,319,776▲5.2% | $202,199,401▲7.4% | 990 |
| 2020 | $64,131,933 | $64,131,933 | $70,642,196 | $188,239,253 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Chad Kinsley — $327,102 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chad Kinsley | Ceo | 40 | $327,102 |
| John Euchner | Vp of Operations & Engineering | 40 | $185,992 |
| Todd Nelson | Vp of Information Technology | 40 | $169,667 |
| Jon Wunder | Cfo | 40 | $158,959 |
| Troy Peters | Line Superintendent | 40 | $153,745 |
| Robert Dubbelde | Line Superintendent | 40 | $140,578 |
| Adam Stark | Line Superintendent | 40 | $137,800 |
| Robert Kalda | Line Superintendent | 40 | $133,929 |
| Donovan Kost | Director | 8.8 | $17,405 |
| Johnathan Wildeboer | Secretary | 6.1 | $15,155 |
| John Ostraat | Director | 6.7 | $14,605 |
| Robert Wollmann | Vice President | 7.1 | $13,780 |
| Steve Holmberg | President | 5.3 | $13,230 |
| Don Heeren | Director | 5.9 | $12,530 |
| Chris Hofer | Director | 3.4 | $11,880 |
| Daryl Terveen | Treasurer | 4.5 | $11,205 |
| Carlos Hofer | Director | 3.8 | $10,855 |
| Contractor | Services | Paid |
|---|---|---|
| Dave's Construction Inc | Utility Construction | $2,470,382 |
| Jans Corporation | General Contractor | $904,032 |
| Dewild Grant Reckert & Associates | Engineering Services | $195,298 |
| Summit Utility Services LLC | Locating Services | $136,133 |
| Friest Tree Experts LLC | Tree Trimming Services | $120,192 |
2 grants totaling $14K in FY2024. All grants made by Southeastern Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Harrisburg Community Foundation | Youth ball fields addition | $7,000 |
| Forward Sioux Falls | General support | $6,600 |
Explore more
Data for Southeastern Electric Cooperative Inc (EIN 46-0454373) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.