Civic Intelligence

South Central Arkansas Electric

990 • Fiscal year 2018 • EIN 71-0165740

Jan 01, 2018 to Dec 31, 2018 • Filed on Apr 15, 2019

Organization Profilewww.scaec.com
PO Box 476Arkadelphia, AR 71923

(870) 246-6701

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.53x

Higher debt load relative to assets than 53% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

1.53x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Net Margin

78th percentile

5.1%

Higher net margin than 78% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Top Officer Pay

47th percentile

$238,300

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Source year 2018

Asset Growth

94th percentile

13%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Revenue Growth

43rd percentile

4.1%

Faster revenue growth than 43% of similar nonprofits.

2018 filings • 501(c)12 • $50M-$100M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$76,700,457

Up $8,579,712 (+13%) from 2017

Net Assets

Up

$35,934,330

Up $1,299,240 (+3.8%) from 2017

Liabilities

Up

$40,766,127

Up $7,280,472 (+22%) from 2017

Revenue And Expenses
Liabilities / Revenue66th percentileNet Margin78th percentile

Revenue

Up

$26,610,034

Up $1,049,281 (+4.1%) from 2017

Expenses

Up

$25,255,104

Up $1,262,010 (+5.3%) from 2017

Net Income

Down

$1,354,930

Down $212,729 (-14%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth94th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2011: $58,662,152Liabilities 2011: $34,475,316Net Assets 2011: $24,186,8362011Assets 2012: $62,808,074Liabilities 2012: $36,317,270Net Assets 2012: $26,490,8042012Assets 2013: $65,460,613Liabilities 2013: $36,116,277Net Assets 2013: $29,344,3362013Assets 2014: $64,420,109Liabilities 2014: $33,395,209Net Assets 2014: $31,024,9002014Assets 2015: $63,731,239Liabilities 2015: $31,184,112Net Assets 2015: $32,547,1272015Assets 2016: $66,675,618Liabilities 2016: $33,588,462Net Assets 2016: $33,087,1562016Assets 2017: $68,120,745Liabilities 2017: $33,485,655Net Assets 2017: $34,635,0902017Assets 2018: $76,700,457Liabilities 2018: $40,766,127Net Assets 2018: $35,934,3302018Assets 2019: $92,927,756Liabilities 2019: $56,675,216Net Assets 2019: $36,252,5402019Assets 2020: $108,210,607Liabilities 2020: $70,197,946Net Assets 2020: $38,012,6612020Assets 2021: $118,999,056Liabilities 2021: $79,144,123Net Assets 2021: $39,854,9332021Assets 2023: $128,109,281Liabilities 2023: $87,800,206Net Assets 2023: $40,309,0752023Assets 2024: $125,990,484Liabilities 2024: $81,894,007Net Assets 2024: $44,096,4772024

Highlighted filing

2018

Assets$76,700,457
Liabilities$40,766,127
Net Assets$35,934,330
Open 2018 Filing

Operations Trend

Revenue Growth43rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0Revenue 2011: $21,814,883Expenses 2011: $19,979,501Net Income 2011: $1,835,3822011Revenue 2012: $22,154,683Expenses 2012: $19,740,161Net Income 2012: $2,414,5222012Revenue 2013: $24,753,045Expenses 2013: $21,762,608Net Income 2013: $2,990,4372013Revenue 2014: $24,758,168Expenses 2014: $22,820,194Net Income 2014: $1,937,9742014Revenue 2015: $24,140,292Expenses 2015: $22,447,331Net Income 2015: $1,692,9612015Revenue 2016: $24,644,553Expenses 2016: $23,334,116Net Income 2016: $1,310,4372016Revenue 2017: $25,560,753Expenses 2017: $23,993,094Net Income 2017: $1,567,6592017Revenue 2018: $26,610,034Expenses 2018: $25,255,104Net Income 2018: $1,354,9302018Revenue 2019: $28,849,743Expenses 2019: $28,366,918Net Income 2019: $482,8252019Revenue 2020: $29,466,785Expenses 2020: $27,805,108Net Income 2020: $1,661,6772020Revenue 2021: $35,113,922Expenses 2021: $33,760,981Net Income 2021: $1,352,9412021Revenue 2023: $29,318,440Expenses 2023: $27,652,741Net Income 2023: $1,665,6992023Revenue 2024: $34,430,241Expenses 2024: $28,265,681Net Income 2024: $6,164,5602024

Highlighted filing

2018

Revenue$26,610,034
Expenses$25,255,104
Net Income$1,354,930
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Apr 15, 2019
Return Version
2018v3.1
Gross Receipts
$26,616,974
Mission and Program Overview

Mission

Electric distribution to members at minimal cost. 245,954,487 kWh were sold to an average of 10,198 consumers.

Electric distribution to members at minimal cost. 257,128,028 kWh were sold to an average of 10,140 consumers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$49,842,233$60,153,890▲ $10,311,657
Cap Stk Tr Prin Current Funds$32,076,758$33,711,544▲ $1,634,786
Investments Program Related$14,027,698$10,420,727▼ $3,606,971
Accounts Receivable$2,472,802$2,773,973▲ $301,171
Inventories for Sale or Use$922,571$2,535,988▲ $1,613,417
Rtn Earn Endowment Incm Other Fnds$2,441,952$2,106,396▼ $335,556
Prepaid Expenses and Deferred Charges$565,174$599,812▲ $34,638
Cash and Non-Interest-Bearing Accounts$164,784$140,548▼ $24,236
Pd in Cap Srpls Land Bldg Eqp Fund$116,380$116,390▲ $10
Savings and Temporary Cash Investments$120,000$70,000▼ $50,000
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Total Assets$68,120,745$76,700,457▲ $8,579,712
Other Assets Total$5,483$5,519▲ $36
Liabilities
Mortgage Notes Payable Secured by Investment Property$28,865,971$35,229,145▲ $6,363,174
Other Liabilities$2,902,822$3,288,990▲ $386,168
Accounts Payable and Accrued Expenses$1,716,862$2,247,992▲ $531,130
Total Liabilities$33,485,655$40,766,127▲ $7,280,472
Net Assets / Fund Balance
Total Net Assets Fund Balance$34,635,090$35,934,330▲ $1,299,240
Total Liabilities and Net Assets / Fund Balance$68,120,745$76,700,457▲ $8,579,712

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$51,865,669$19,930,871$71,796,540
Buildings$5,285,293$990,514$6,275,807
Equipment$2,410,490$3,307,912$5,718,402
Land$592,438-$592,438
Compensation and Service Providers
Top Officer Pay47th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kevin BrownleeCEOFT$202,078$36,222$238,300
Colby WellsOperations ManagerFT$102,667$28,394$131,061
Brian KirkseyPresidentPT$9,200$23,609$32,809
Michelle LoeDirectorPT$8,400$23,609$32,009
Frances NelsonSecretary/TreasPT$10,800$18,974$29,774
Ricky FrancisDirectorPT$10,800$18,395$29,195
Karen KirkpatrickDirectorPT$10,800$18,327$29,127
Elton BuckDirector-$8,800$17,749$26,549
Danny BuckVice President-$7,200$18,327$25,527
Ronnie PenneyDirectorPT$5,600$18,327$23,927
Steve AllgoodDirector-$8,800$12,255$21,055

Highest Paid Contractors

ContractorServicesLocationCompensation
Ervin Cable Constructionconstruction contrPO Box 932157, Atlanta, GA 31193$4,699,021
Conexon LLCproject mgr/consult2001 Grand Blvd Ste 700, Kansas City, MO 64108$682,138
Barnett Right of Way Servicesright of way contrPO Box 761, Hope, AR 71802$558,566
Atkins Electric Coconstruction contrPO Box 11869, El Dorado, AR 71730$259,834
Arrowhead Telecom Construction LLCconstruction contr118 S 2nd St, Odessa, MO 64076$118,945
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$24,385,076
Investment Income
$1,122,417
Other Revenue
$1,102,541
Change in Net Assets
$1,354,930

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,610,034
Total Revenue per Audited Statements
$26,610,034
Total Revenue per Form 990
$26,610,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,937,840
Salaries, Compensation, and Employee Benefits$488,272
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion---$2,101,594
Interest---$1,813,027
Other Expenses---$1,421,006
All Other Expenses---$1,356,315
Benefits to Members---$828,992
Current Officers, Directors, Trustees, and Key Employees---$488,272
Total Functional Expenses$0$0$0$25,255,104

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$25,255,104
Total Expenses per Audited Statements$25,255,104
Total Expenses per Form 990$25,255,104
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Arkansas Electric Coop Copower providerpurchase whsl powerNo$13,908,563

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Current Liabilities$1,511,748
Provision for pension & benefits$1,143,739
Consumer deposits$611,170
Other Deferred Credits$22,333
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 reviewed and approved at board meeting held on April 17, 2019.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“Policy was adopted December 19, 2008 and requires directors to annually review and sign "Conflict and Interest Certification & Disclosure" form.”

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

“Cooperative uses compensation comparisons between other like businesses when reviewing CEO salary.”

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

“Cooperative uses compensation program to review and recommend wages.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“Cooperative distributes financial statements to every member via US postal service prior to annual meeting in succeeding year. Governing documents are distributed when members join cooperative.”

Filing and Contact Details

Filer

Filer Name
South Central Arkansas Electric
EIN
71-0165740
Phone
8702466701
Address
PO Box 476, Arkadelphia, AR 71923

Signing Officer

Name
Kevin Brownlee
Title
CEO
Signed
2019-04-15
Discuss with paid preparer
Yes

Organization Details

Formed
1941
Legal Domicile
Ar
Voting Board Members
9
Independent Board Members
9
Employees
44

Preparer

Firm
Curtis Blakely & Co Pc
Address
PO BOX 5486, LONGVIEW, TX 75608-5486
Preparer
Kathy Jackson CPA
Phone
9037580734
Supplemental Narrative

Additional Explanations

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Decrease in membership fees = -$0”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Donated Capital = $16064”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“FAS158 Adjustment = -$30226”

Other Changes In Net Assets Or Fund Balances - Other Increases

“Increase in membership fees = $10”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Prior Unclaimed capital credits checks June 2017 retirement = -$41538”

Raw XML AppendixShowing 400 of 540 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary/Treas
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IRS990/OtherExpensesGrp/Desc2Distribution - Maintenance
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IRS990/OtherExpensesGrp/TotalAmt11785285
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IRS990/OtherExpensesGrp/TotalAmt31421006
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IRS990/OtherRevenueMiscGrp/Desc1Other electric revenues
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IRS990/OtherRevenueMiscGrp/UnrelatedBusinessRevenueAmt0211178
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0599812
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IRS990/PYOtherRevenueAmt0826596
IRS990/PYProgramServiceRevenueAmt023533989
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IRS990/PYSalariesCompEmpBnftPaidAmt0267523
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Kevin Brownlee
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$76,700,457
Liabilities
$40,766,127
Net assets
$35,934,330
Revenue
$26,610,034
Expenses
$25,255,104
Net income
$1,354,930
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$126$81.9$44.1$34.4$28.3$6.16
2023Detailed filing. Detailed filing data is available for this year.$128$87.8$40.3$29.3$27.7$1.67
2021Detailed filing. Detailed filing data is available for this year.$119$79.1$39.9$35.1$33.8$1.35
2020Detailed filing. Detailed filing data is available for this year.$108$70.2$38.0$29.5$27.8$1.66
2019Detailed filing. Detailed filing data is available for this year.$92.9$56.7$36.3$28.8$28.4$0.48
2018Detailed filing. Detailed filing data is available for this year.$76.7$40.8$35.9$26.6$25.3$1.35
2017Summary only. Only limited summary data is available for this year.$68.1$33.5$34.6$25.6$24.0$1.57
2016Summary only. Only limited summary data is available for this year.$66.7$33.6$33.1$24.6$23.3$1.31
2015Summary only. Only limited summary data is available for this year.$63.7$31.2$32.5$24.1$22.4$1.69
2014Summary only. Only limited summary data is available for this year.$64.4$33.4$31.0$24.8$22.8$1.94
2013Summary only. Only limited summary data is available for this year.$65.5$36.1$29.3$24.8$21.8$2.99
2012Summary only. Only limited summary data is available for this year.$62.8$36.3$26.5$22.2$19.7$2.41
2011Summary only. Only limited summary data is available for this year.$58.7$34.5$24.2$21.8$20.0$1.84