nonprofit · EIN 46-2932804 · MN
How much does SOUTHERN MINNESOTA ENERGY COOPERATIVE raise and spend?
SOUTHERN MINNESOTA ENERGY COOPERATIVE (MN, EIN 46-2932804) reported $56.6M in revenue and $56.6M in expenses for tax year 2024, with $2.4M in net assets (0.5 months of reserves). By expenses that ranks 4,233 of 391,588 e-filers, 105 of 3,624 in NTEE Y: Mutual & Membership Benefit, 116 of 9,230 nonprofits in minnesota.
What stands out
SOUTHERN MINNESOTA ENERGY COOPERATIVE (MN, EIN 46-2932804) reported $56.6M in revenue and $56.6M in expenses for tax year 2024, with $2.4M in net assets (0.5 months of reserves). By expenses that ranks 4,233 of 391,588 e-filers, 105 of 3,624 in NTEE Y: Mutual & Membership Benefit, 116 of 9,230 nonprofits in minnesota. Against NTEE Y: Mutual & Membership Benefit: months of reserves 0.5 months, below the peer median of 31.4 months; officer compensation share of expenses 0.0%, below the peer median of 0.3%; contributions share of revenue 0.0%, at the peer median of 0.0%; surplus margin 0.0%, below the peer median of 9.2%.
Key figures, tax year 2024
As filed on Form 990; ratios computed by FACTANKER. Peer medians are percentile_cont over the group in the same year. Every filed line links to its record on the entity page.
| Measure | 2024 | Median, activity | Median, size | Median, all |
|---|---|---|---|---|
| Total revenue | $56.6M | $188.6k | $21.4M | $198.5k |
| Total expenses | $56.6M | $152.2k | $20.3M | $179.6k |
| Total assets | $10.7M | $1.4M | $29.5M | $761.5k |
| Net assets | $2.4M | $1.2M | $17.4M | $615.1k |
| Officer compensation (total per organisation) | $20.8k | $23.0k | $625.8k | $114.3k |
| Program service revenue share | 99.3% | 54.5% | 73.7% | 13.4% |
| Contributions share of revenue | 0.0% | 0.0% | 12.5% | 55.6% |
| Officer compensation share of expenses | 0.0% | 0.3% | 2.6% | 6.6% |
| Months of reserves | 0.5 months | 31.4 months | 9.5 months | 12.4 months |
| Surplus margin | 0.0% | 9.2% | 2.1% | 4.3% |
Year by year
7 filings on record.
| Tax year | Revenue | Expenses | Net assets | Reserves | Officer comp. | Rank |
|---|---|---|---|---|---|---|
| 2024 | $56.6M | $56.6M | $2.4M | 0.5 months | $20.8k | 4,233 |
| 2023 | $63.9M | $63.9M | $3.2M | 0.6 months | $21.0k | 6,404 |
| 2022 | $70.3M | $70.3M | $3.3M | 0.6 months | $20.7k | 5,467 |
| 2021 | $58.9M | $58.9M | $4.3M | 0.9 months | $19.0k | 4,008 |
| 2020 | $56.5M | $56.5M | $4.8M | 1.0 months | $16.5k | 5,889 |
| 2019 | $63.7M | $63.7M | $4.6M | 0.9 months | $22.7k | 5,114 |
| 2018 | $66.1M | $66.1M | $3.0M | 0.5 months | $33.3k | 4,566 |
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