Southeastern Illinois Electric
501(c)(12)
100% goes to programs Strong reserves
Southeastern Illinois Electric is a 501(c)(12) organization based in Carrier Mills, Illinois, registered in 1940, with $96,085,921 in FY2024 revenue. CharityIndex grades it A+, and it directs about 100% of spending to programs.
100 Cooperative Way, Carrier Mills, IL, 62917 EIN 37-0524860 Since 1940
Revenue (FY2024)
$96.1M
▲ 3.2% vs prior year
Expenses (FY2024)
$96.1M
Net assets
$142.0M
Employees
77
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A+
A+Program efficiency40% of the rating100% to programs
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. For Southeastern Illinois Electric: 100% to programs earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating18 mo reserves · +0% margin
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 Illinois Electric: 18 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
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 Illinois Electric: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Illinois Electric: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Distribution sales of electricity to approx 25,000 member-owners on a patronage basis.
Contact & location
- Address
- 100 Cooperative Way, Carrier Mills, IL, 62917
- City
- Carrier Mills
- State
- Illinois
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $108.2M (FY2014) to $96.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $92.9MNet assets $142.0M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$234.9M
Total liabilities
$92.9M
Net assets
$142.0M
Salaries & benefits
$14.0M
15% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $96,085,921▲3.2% | $96,085,921▲3.2% | $141,993,752▲2.4% | $234,919,302▲3.7% | 990 |
| 2023 | $93,143,370▲5.8% | $93,143,370▲5.8% | $138,624,562▲8.6% | $226,470,638▲2.4% | 990 |
| 2022 | $88,029,423▲2.4% | $88,029,423▲2.4% | $127,704,376▲2.4% | $221,107,233▲4.4% | 990 |
| 2021 | $85,978,289▼2.9% | $85,978,289▼2.9% | $124,728,490▲3.4% | $211,832,578▲2.5% | 990 |
| 2020 | $88,520,237▼15.7% | $88,520,237▼15.7% | $120,576,787▲2.4% | $206,583,855▲2.7% | 990 |
| 2019 | $104,979,232▼3.3% | $104,979,232▼3.3% | $117,767,864▲5.0% | $201,137,443▲0.7% | 990 |
| 2018 | $108,536,903▲2.5% | $108,536,903▲2.5% | $112,164,718▲6.7% | $199,831,559▲3.2% | 990 |
| 2017 | $105,904,377▼2.7% | $105,904,377▼2.7% | $105,105,231▲4.5% | $193,662,209▲1.6% | 990 |
| 2016 | $108,791,005▲0.9% | $108,791,005▲0.9% | $100,563,765▲9.9% | $190,567,842▲3.8% | 990 |
| 2015 | $107,860,770▼0.3% | $107,860,770▼0.3% | $91,500,175▲10.7% | $183,517,747▲11.6% | 990 |
| 2014 | $108,221,871 | $108,221,871▲18.9% | $82,626,171▲9.6% | $164,378,266▲8.1% | 990 |
| 2012 | — | $91,023,988▲18.2% | $75,386,056▲1.4% | $152,016,367▲3.8% | 990 |
| 2011 | — | $77,022,201▼2.7% | $74,347,600▼3.9% | $146,445,971▲4.0% | 990 |
| 2010 | — | $79,121,828 | $77,345,674 | $140,793,231 | 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.
Leadership & compensation (FY2024)
Highest-paid: Dustin Tripp — $374,643 (0.39% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dustin Tripp | President & Ceo | 40.77 | $374,643 |
| Jeffrey Crisp | Row & Fleet Manager | 42.31 | $182,885 |
| Jeffrey Neuman | Operations Manager | 40.77 | $176,741 |
| Robert Robinson | Utility Serviceman | 49.5 | $156,418 |
| Maverick Marvel | Utility Serviceman | 49.5 | $154,374 |
| Anthony Jordan | Line Foreman | 47.94 | $151,279 |
| William Sweat | Operations Manager | 38.46 | $150,238 |
| Corey Lewis | Utility Serviceman | 46.57 | $149,950 |
| Ryan Fraulini | Journeyman Lineman | 47.66 | $147,066 |
| Donald Basinger | Utility Serviceman | 50.62 | $146,131 |
| Travis Shortland | Utility Serviceman | 48.18 | $145,868 |
| Travis Jones | Engineering & Purchasing Manager | 42.31 | $145,693 |
| Torry Schloz | Accounting & Finance Manag | 40 | $131,285 |
| Joseph Marlo | Trustee | 4.79 | $16,510 |
| Dale Schierbaum | Chairman | 2.15 | $13,510 |
| Richard Rister | Trustee | 5 | $12,510 |
| Pamela Bramlet | Secretary/treasurer | 1.96 | $11,510 |
| James Scherrer | Trustee | 3.08 | $10,010 |
| Tiffany Morhet | Trustee | 2.56 | $10,010 |
| Shane Croslin | Vice Chairman | 1.08 | $8,510 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Asplundh | Right of Way Clearing | $2,177,214 |
| Gill Tree Care | Right of Way Clearing | $1,026,328 |
| Intren LLC | Line Construction | $759,355 |
| Le Myers Co | Line Construction | $650,517 |
| Osmose Utilities Services Co | Pole Testing | $338,063 |
Frequently asked questions
- Is Southeastern Illinois Electric a legitimate nonprofit?
- Yes. Southeastern Illinois Electric is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 37-0524860, based in Carrier Mills, Illinois.
- What is Southeastern Illinois Electric's EIN?
- Southeastern Illinois Electric's Employer Identification Number (EIN) is 37-0524860.
- How much revenue does Southeastern Illinois Electric report?
- Southeastern Illinois Electric reported $96,085,921 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Southeastern Illinois Electric's spending goes to programs?
- Southeastern Illinois Electric spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Southeastern Illinois Electric have?
- CharityIndex grades Southeastern Illinois Electric A+, based on program efficiency and fundraising cost.
- How much does Southeastern Illinois Electric's highest-paid employee make?
- The highest reported compensation on Southeastern Illinois Electric's latest Form 990 is $374,643, paid to Dustin Tripp (President & Ceo).
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Data for Southeastern Illinois Electric (EIN 37-0524860) 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.