Southern Illinois Power Cooperative
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Southern Illinois Power Cooperative is a 501(c)(12) organization based in Marion, Illinois, registered in 1965, with $194,965,826 in FY2024 revenue. CharityIndex grades it A.
11543 Lake of Egypt Rd, Marion, IL, 62959 EIN 37-0801403 Since 1965
Revenue (FY2024)
$195.0M
▲ 7.8% vs prior year
Expenses (FY2024)
$188.5M
Net assets
$150.7M
Employees
80
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
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 Southern Illinois Power Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating10 mo reserves · +3% 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 Southern Illinois Power Cooperative: 10 mo reserves · +3% 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 Southern Illinois Power Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
BTransparency10% of the rating3 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 Southern Illinois Power Cooperative: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To deliver to our member systems, highly reliable, reasonably-priced and environmentally responsible wholesale power, for the benefit of their members and their communities.
Contact & location
Financial trends
Revenue declined from $204.7M (FY2013) to $195.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $508.6MNet assets $150.7M
Operating margin
3.3%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$659.2M
Total liabilities
$508.6M
Net assets
$150.7M
Salaries & benefits
$20.7M
11% of expenses
Board members
28
28 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $194,965,826▲7.8% | $188,487,999▲8.2% | $150,660,016▲4.5% | $659,211,937▼1.3% | 990 |
| 2023 | $180,838,082▼5.7% | $174,260,303▼6.0% | $144,182,189▲4.8% | $667,755,111▼0.4% | 990 |
| 2022 | $191,824,914▲14.5% | $185,304,743▲15.1% | $137,604,410▲5.0% | $670,440,755▼2.0% | 990 |
| 2021 | $167,555,011▲1.5% | $160,964,134▼0.8% | $131,084,239▲5.3% | $684,387,502▼1.1% | 990 |
| 2020 | $165,064,542▼13.6% | $162,315,653▼11.2% | $124,493,362▲2.3% | $691,802,294▼3.2% | 990 |
| 2019 | $191,103,205▼7.5% | $182,879,962▼7.7% | $121,744,473▲7.2% | $714,541,928▼2.7% | 990 |
| 2018 | $206,661,090▼2.8% | $198,127,806▼2.8% | $113,521,230▲8.1% | $734,665,601▼4.9% | 990 |
| 2017 | $212,655,335▲0.1% | $203,918,833▲0.7% | $104,987,946▲9.1% | $772,718,489▼0.9% | 990 |
| 2016 | $212,414,512▼1.3% | $202,521,881▼3.1% | $96,259,542▲11.4% | $780,059,553▼0.7% | 990 |
| 2015 | $215,311,733▼2.6% | $209,000,574▼0.8% | $86,380,780▲7.8% | $785,882,441▼3.5% | 990 |
| 2014 | $221,134,805▲8.0% | $210,700,124▲5.5% | $80,103,568▲15.0% | $814,666,210▲0.2% | 990 |
| 2013 | $204,696,481 | $199,713,392▲18.9% | $69,680,641▲7.7% | $813,089,525▼1.4% | 990 |
| 2012 | — | $167,971,402▲19.2% | $64,708,331▲8.5% | $824,401,797▲0.8% | 990 |
| 2011 | — | $140,920,653▼1.4% | $59,659,973▲3.8% | $817,807,072▲7.5% | 990 |
| 2010 | — | $142,982,092 | $57,459,414 | $760,486,714 | 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: Paul Furtak — $514,005 (0.27% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Paul Furtak | President & Ceo | 60 | $514,005 |
| Wendell Watson | Director of Environmental | 50 | $212,324 |
| Larry Burns | Vp Markets & Power Delivery | 50 | $202,797 |
| Ashley Mccuan | Vice President of Power Su | 50 | $200,209 |
| Robert Conn | Manager Generation & Fuel | 50 | $197,800 |
| Gary Chamness | Shift Foreman | 51 | $173,902 |
| James Cozart | Shift Foreman | 52 | $172,972 |
| Corina Horn | Vp Finance & Administration/cfo | 50 | $172,394 |
| Ryan Berry | Operations Superintendent | 50 | $159,143 |
| Michael Stewart | Maintenance Superintendent | 50 | $159,129 |
| Justin Bonner | Control Operator | 50 | $157,420 |
| Billie Holshouser | Manager of Human Resources | 50 | $153,327 |
| William Littrell | Director | 6 | $16,800 |
| Bob Pierson | Director | 4 | $16,100 |
| Cary Dickinson | Director | 3 | $14,700 |
| Randall Rushing | Director | 3 | $14,700 |
| Dale Schierbaum | Director | 1 | $14,000 |
| Richard Rister | Director | 3 | $13,300 |
| Stephen Kalmer | Director | 3 | $13,300 |
| Steve Prest | Director | 2 | $13,300 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Greg's Truck Service | Trucking | $2,484,342 |
| Bh Electric LLC | Mechanical Labor / Repairs | $1,583,238 |
| Scheck Industrial Corp | Mechanical Labor / Repairs | $1,345,686 |
| Intren | Mechanical Labor / Repairs | $1,191,892 |
| Triangle Enterprises | Mechanical Labor / Repairs | $867,330 |
Frequently asked questions
- Is Southern Illinois Power Cooperative a legitimate nonprofit?
- Yes. Southern Illinois Power Cooperative is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 37-0801403, based in Marion, Illinois.
- What is Southern Illinois Power Cooperative's EIN?
- Southern Illinois Power Cooperative's Employer Identification Number (EIN) is 37-0801403.
- How much revenue does Southern Illinois Power Cooperative report?
- Southern Illinois Power Cooperative reported $194,965,826 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Southern Illinois Power Cooperative have?
- CharityIndex grades Southern Illinois Power Cooperative A, based on financial health (reserves and operating margin).
- How much does Southern Illinois Power Cooperative's highest-paid employee make?
- The highest reported compensation on Southern Illinois Power Cooperative's latest Form 990 is $514,005, paid to Paul Furtak (President & Ceo).
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Data for Southern Illinois Power Cooperative (EIN 37-0801403) 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.