Southwest Louisiana Electric
501(c)(12)
Strong reserves Growing revenue
Southwest Louisiana Electric is a 501(c)(12) organization based in Lafayette, Louisiana, registered in 1937, with $303,816,561 in FY2024 revenue.
2727 Se Evangeline Thwy, Lafayette, LA, 70508 EIN 72-0323335 Since 1937
Revenue (FY2024)
$303.8M
▼ 2.9% vs prior year
Expenses (FY2024)
$305.6M
Net assets
$283.5M
Employees
279
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 Southwest Louisiana Electric— 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 rating11 mo reserves · -1% 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 Southwest Louisiana Electric: 11 mo reserves · -1% 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 Southwest Louisiana 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 Southwest Louisiana Electric: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Distribution of electric service to members
What they do
Distribution of electric service to members on a cooperative basis
Contact & location
Financial trends
Revenue grew from $198.5M (FY2013) to $303.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $272.3MNet assets $283.5M
Operating margin
-0.6%
Spent more than it raised in the latest fiscal year.
Total assets
$555.8M
Total liabilities
$272.3M
Net assets
$283.5M
Salaries & benefits
$28.0M
9% of expenses
Board members
10
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $303,816,561▼2.9% | $305,642,917▼2.5% | $283,492,915▼1.6% | $555,822,239▲1.1% | 990 |
| 2023 | $313,037,185▲5.8% | $313,342,748▲5.8% | $288,110,418▲2.3% | $549,636,526▲2.7% | 990 |
| 2022 | $295,781,574▲20.6% | $296,044,723▲20.7% | $281,763,833▲3.4% | $535,248,299▲5.3% | 990 |
| 2021 | $245,337,577▲10.0% | $245,313,454▲9.7% | $272,476,420▲3.9% | $508,237,761▲2.4% | 990 |
| 2020 | $223,105,409▼5.5% | $223,591,698▼5.5% | $262,344,996▲1.0% | $496,300,294▲5.5% | 990 |
| 2019 | $236,191,537▼0.4% | $236,544,535▲0.6% | $259,663,410▲2.4% | $470,481,035▲3.1% | 990 |
| 2018 | $237,128,414▲7.9% | $235,144,639▲6.9% | $253,583,729▲5.1% | $456,513,227▲1.2% | 990 |
| 2017 | $219,728,573▼2.5% | $220,054,688▼2.6% | $241,328,028▲5.7% | $450,895,067▲1.6% | 990 |
| 2016 | $225,405,319▲5.9% | $225,899,553▲5.9% | $228,224,111▲3.4% | $443,590,302▲3.3% | 990 |
| 2015 | $212,938,451▲5.7% | $213,251,912▲5.5% | $220,785,160▲1.5% | $429,268,775▲4.0% | 990 |
| 2014 | $201,536,922▲1.6% | $202,040,519▲1.7% | $217,473,516▲1.8% | $412,682,564▼0.4% | 990 |
| 2013 | $198,457,251 | $198,594,032▲6.5% | $213,590,360▲0.6% | $414,485,919▲8.6% | 990 |
| 2012 | — | $186,483,846▼0.7% | $212,385,367▲0.2% | $381,712,097▲3.6% | 990 |
| 2011 | — | $187,856,984▲3.1% | $211,891,674▲2.5% | $368,518,239▲3.3% | 990 |
| 2010 | — | $182,161,322 | $206,708,352 | $356,831,632 | 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: Katherine H Domingue — $361,660 (0.12% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Katherine H Domingue | General Mana | 50 | $361,660 |
| James E Laque Jr | Key Employee | 50 | $292,225 |
| Nicole C Clements | Cfo | 50 | $210,327 |
| Glenn M Angelle | Employee | 50 | $208,617 |
| Charles D Moore | Key Employee | 50 | $206,597 |
| Nicholas D Vincent | Employee | 50 | $158,219 |
| Timothy Guidry | Employee | 50 | $156,940 |
| Shane Dugas | Employee | 50 | $156,583 |
| Damon Vincent | Employee | 50 | $156,277 |
| Carl J Comeaux | 2nd Vice Pre | 8 | $44,147 |
| Joseph D Simon Jr | President | 12 | $44,041 |
| Bryan G Leonards Sr | Secretary/tr | 8 | $43,202 |
| Jeremy P Melancon | Director | 8 | $39,572 |
| John B Meaux | Director | 8 | $37,529 |
| Jeff Daigle | Director | 8 | $36,902 |
| Charles Sonnier | Director | 8 | $34,581 |
| Gary Soileau | 1st Vice Pre | 8 | $33,740 |
| Don L Resweber | Director | 8 | $32,766 |
| Gary J Smith | Director | 8 | $32,603 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Virginia Transformer Corp | Electric Constr | $4,484,263 |
| Linetec Services LLC | Electric Constr | $3,838,323 |
| Echo Powerline LLC | Electric Constr | $2,929,695 |
| Asplundh Tree Expert Co | Row Contractor | $1,930,548 |
| Elster Solutions Llc-honeywell | Meter Install | $1,575,154 |
Grants made · $12K in FY2024
1 grant totaling $12K in FY2024. All grants made by Southwest Louisiana Electric →
| Recipient | Purpose | Amount |
|---|---|---|
| Catholic Charities of Acadiana Inc | — | $12,000 |
Frequently asked questions
- Is Southwest Louisiana Electric a legitimate nonprofit?
- Yes. Southwest Louisiana Electric is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 72-0323335, based in Lafayette, Louisiana.
- What is Southwest Louisiana Electric's EIN?
- Southwest Louisiana Electric's Employer Identification Number (EIN) is 72-0323335.
- How much revenue does Southwest Louisiana Electric report?
- Southwest Louisiana Electric reported $303,816,561 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Southwest Louisiana Electric's highest-paid employee make?
- The highest reported compensation on Southwest Louisiana Electric's latest Form 990 is $361,660, paid to Katherine H Domingue (General Mana).
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Data for Southwest Louisiana Electric (EIN 72-0323335) 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.