Southwest Electric Cooperative Inc
- Assets
- $199.6m
- Revenue
- $73.0m
- Investments
- $44.0m
- Employees
- 98
- Location
- Bolivar, MO
- Founding
- 04/1941
- Data as of
- 12/2023
- EIN
- 44-0441450
Organization Overview
Southwest Electric Cooperative Inc is located in Bolivar, MO. The organization was established in 1941. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Southwest Electric Cooperative Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, Southwest Electric Cooperative Inc generated $73.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $69.3m during the year ending 12/2023. While expenses have increased by 2.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ELECTRIC SERVICE
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE ELECTRIC SERVICE TO OVER 40,000 METERS
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jack Bybee Secretary/treasurer | OfficerTrustee | 9.35 | $2,425 |
Lowell Hill Director | Trustee | 15.38 | $2,550 |
Chris Jewell Director | Trustee | 5.42 | $2,600 |
Mike Frieze Director | Trustee | 3.31 | $3,100 |
Ed Dority Director | Trustee | 13.35 | $4,575 |
Nancy Erickson Vice President | OfficerTrustee | 9.81 | $2,775 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Asplundh Tree Service Right Way Clearing | 12/30/23 | $4,665,498 |
Consolidated Electric Services In Line Construction | 12/30/23 | $2,675,700 |
Jholland Electric Llc Line Construction | 12/30/23 | $942,681 |
Varnell's Powerline Const Co Line Construction | 12/30/23 | $358,857 |
Grier Dirtworks Excavation | 12/30/23 | $100,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $66,830,404 |
| Investment income | $835,267 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $504,731 |
| Net Gain/Loss on Asset Sales | -$61 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,616 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $73,027,362 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $615,655 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,409,668 |
| Pension plan accruals and contributions | $729,744 |
| Other employee benefits | $1,215,059 |
| Payroll taxes | $388,606 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,394 |
| Fees for services: Accounting | $26,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $273,220 |
| Office expenses | $222,471 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,148 |
| Travel | $31,776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $95,847 |
| Interest | $1,313,141 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,355,536 |
| Insurance | $0 |
| All other expenses | $952,523 |
| Total functional expenses | $69,290,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,150 |
| Savings and temporary cash investments | $3,096,986 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,081,111 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,934 |
| Inventories for sale or use | $3,319,558 |
| Prepaid expenses and deferred charges | $4,051,053 |
| Net Land, buildings, and equipment | $140,045,199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $43,997,410 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $199,603,401 |
| Accounts payable and accrued expenses | $8,816,447 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $46,935,624 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,106,114 |
| Total liabilities | $64,858,185 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $14,358,671 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $120,386,545 |
| Total liabilities and net assets/fund balances | $199,603,401 |