Civic Intelligence

Southern Maryland Electric Cooperative Inc

EIN 52-0492367 • 501(c)12 • Hughesville, MD

Profile

Safe and effective distribution of electricity to the members of southern maryland electric cooperative.

P O Box 1937Hughesville, MD 20637-1937

www.smeco.coop

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.74x

Higher debt load relative to assets than 73% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

1.70x

Higher debt load relative to revenue than 70% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Net Margin

30th percentile

2.1%

Higher net margin than 30% of similar nonprofits.

$1B+ nonprofits • Source year 2024

Top Officer Pay

40th percentile

$1,082,379

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

41st percentile

4.7%

Faster asset growth than 41% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

54th percentile

13%

Faster revenue growth than 54% of similar nonprofits.

$1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,242,664,312

Up $55,544,409 (+4.7%) from 2023

Liabilities

Up

$920,632,504

Up $45,256,426 (+5.2%) from 2023

Net Assets

Up

$322,031,808

Up $10,287,983 (+3.3%) from 2023

Revenue

Up

$542,483,099

Up $60,362,477 (+13%) from 2023

Expenses

Up

$531,320,214

Up $51,768,452 (+11%) from 2023

Net Income

Up

$11,162,885

Up $8,594,025 (+335%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $651,977,804Liabilities 2010: $522,627,159Net Assets 2010: $129,350,6452010Assets 2011: $671,795,973Liabilities 2011: $541,874,171Net Assets 2011: $129,921,8022011Assets 2012: $770,238,819Liabilities 2012: $649,871,414Net Assets 2012: $120,367,4052012Assets 2013: $869,608,040Liabilities 2013: $707,622,050Net Assets 2013: $161,985,9902013Assets 2014: $906,434,608Liabilities 2014: $778,848,976Net Assets 2014: $127,585,6322014Assets 2015: $971,348,373Liabilities 2015: $838,898,607Net Assets 2015: $132,449,7662015Assets 2016: $980,730,772Liabilities 2016: $829,918,093Net Assets 2016: $150,812,6792016Assets 2017: $1,013,535,107Liabilities 2017: $830,310,723Net Assets 2017: $183,224,3842017Assets 2018: $1,032,050,106Liabilities 2018: $826,726,453Net Assets 2018: $205,323,6532018Assets 2019: $1,049,770,342Liabilities 2019: $820,935,788Net Assets 2019: $228,834,5542019Assets 2020: $1,077,937,193Liabilities 2020: $820,365,775Net Assets 2020: $257,571,4182020Assets 2021: $1,114,931,504Liabilities 2021: $819,431,559Net Assets 2021: $295,499,9452021Assets 2022: $1,212,996,814Liabilities 2022: $895,777,408Net Assets 2022: $317,219,4062022Assets 2023: $1,187,119,903Liabilities 2023: $875,376,078Net Assets 2023: $311,743,8252023Assets 2024: $1,242,664,312Liabilities 2024: $920,632,504Net Assets 2024: $322,031,8082024

Highlighted filing

2024

Assets$1,242,664,312
Liabilities$920,632,504
Net Assets$322,031,808

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600M$400M$200M$0Expenses 2010: $478,588,1882010Expenses 2011: $451,388,0112011Expenses 2012: $423,721,1052012Revenue 2013: $466,658,154Expenses 2013: $463,442,374Net Income 2013: $3,215,7802013Revenue 2014: $490,075,132Expenses 2014: $488,569,470Net Income 2014: $1,505,6622014Revenue 2015: $451,681,439Expenses 2015: $439,787,209Net Income 2015: $11,894,2302015Revenue 2016: $447,786,039Expenses 2016: $437,789,681Net Income 2016: $9,996,3582016Revenue 2017: $430,492,755Expenses 2017: $426,250,912Net Income 2017: $4,241,8432017Revenue 2018: $472,543,814Expenses 2018: $468,940,417Net Income 2018: $3,603,3972018Revenue 2019: $459,796,369Expenses 2019: $455,338,791Net Income 2019: $4,457,5782019Revenue 2020: $421,088,627Expenses 2020: $417,143,719Net Income 2020: $3,944,9082020Revenue 2021: $461,053,058Expenses 2021: $455,327,370Net Income 2021: $5,725,6882021Revenue 2022: $558,196,918Expenses 2022: $551,662,359Net Income 2022: $6,534,5592022Revenue 2023: $482,120,622Expenses 2023: $479,551,762Net Income 2023: $2,568,8602023Revenue 2024: $542,483,099Expenses 2024: $531,320,214Net Income 2024: $11,162,8852024

Highlighted filing

2024

Revenue$542,483,099
Expenses$531,320,214
Net Income$11,162,885

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,243$921$322$542$531$11.2
2023Detailed filing. Detailed filing data is available for this year.$1,187$875$312$482$480$2.57
2022Detailed filing. Detailed filing data is available for this year.$1,213$896$317$558$552$6.53
2021Detailed filing. Detailed filing data is available for this year.$1,115$819$295$461$455$5.73
2020Detailed filing. Detailed filing data is available for this year.$1,078$820$258$421$417$3.94
2019Detailed filing. Detailed filing data is available for this year.$1,050$821$229$460$455$4.46
2018Detailed filing. Detailed filing data is available for this year.$1,032$827$205$473$469$3.60
2017Detailed filing. Detailed filing data is available for this year.$1,014$830$183$430$426$4.24
2016Detailed filing. Detailed filing data is available for this year.$981$830$151$448$438$10.00
2015Detailed filing. Detailed filing data is available for this year.$971$839$132$452$440$11.9
2014Detailed filing. Detailed filing data is available for this year.$906$779$128$490$489$1.51
2013Detailed filing. Detailed filing data is available for this year.$870$708$162$467$463$3.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$770$650$120$424
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$672$542$130$451
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$652$523$129$479