Southwest Power Pool Inc
- Assets
- $1.8b
- Revenue
- $249.8m
- Investments
- $0.0
- Employees
- 723
- Location
- Little Rock, AR
- Founding
- 06/1995
- Data as of
- 12/2022
- EIN
- 71-0748158
Organization Overview
Southwest Power Pool Inc is located in Little Rock, AR. The organization was established in 1995. According to its NTEE Classification (W03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2022, Southwest Power Pool Inc employed 723 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Power Pool Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Southwest Power Pool Inc generated $249.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $222.5m during the year ending 12/2022. While expenses have increased by 0.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
REGIONAL TRANSMISSION ORGANIZATION THAT PROVIDES THE FOLLOWING SERVICES TO ITS MEMBERS AND CUSTOMERS: TARIFF ADMINISTRATION, ELECTRIC RELIABILITY COORDINATION, REGIONAL TRANSMISSION SCHEDULING, REGIONAL TRANSMISSION EXPANSION PLANNING, DAY-AHEAD AND REAL TIME MARKETS, TRANSMISSION CONGESTION RIGHTS, RELIABILITY UNIT COMMITMENT, OPERATING RESERVE MARKET, AND CONSOLIDATED BALANCING AUTHORITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE STATEMENT 1
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Sugg President And CEO | OfficerTrustee | 40 | $2,247,973 |
Lanny Nickell Executive Vice President And COO | Officer | 40 | $1,094,374 |
Paul Suskie Executive Vice - General Counsel | Officer | 40 | $683,706 |
Bruce Rew Senior Vice President - Operations | Officer | 40 | $680,933 |
Thomas Dunn Senior Vice President Finance And CFO | Officer | 40 | $662,644 |
Michael Ross Senior Vice President - External Affairs | Officer | 40 | $555,140 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Electric Power Engineers Inc Study Analysis/consulting Services | 12/30/22 | $2,333,155 |
Pearl Street Technologies Inc Study Analysis/consulting Services | 12/30/22 | $2,190,228 |
Oati Inc Consulting & Professional Services | 12/30/22 | $1,916,279 |
Burns & Mcdonnell Engineering Company Inc Professional Services For Engineering Studies | 12/30/22 | $1,378,321 |
Ge Energy Management Services Llc And Ge Renewables Consulting & Professional Services | 12/30/22 | $10,605,291 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $690,000 |
| 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 | $690,000 |
| Total Program Service Revenue | $247,270,723 |
| Investment income | $1,865,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $249,826,324 |
| 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. | $10,649,239 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $86,241,236 |
| Pension plan accruals and contributions | $13,542,371 |
| Other employee benefits | $8,386,210 |
| Payroll taxes | $6,512,717 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,526,109 |
| Fees for services: Accounting | $136,401 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,472,765 |
| Information technology | $16,055,252 |
| Royalties | $0 |
| Occupancy | $2,491,817 |
| Travel | $815,831 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $574,636 |
| Interest | $6,991,295 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,540,505 |
| Insurance | $2,222,025 |
| All other expenses | -$5,095,972 |
| Total functional expenses | $222,533,268 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,040,101 |
| Savings and temporary cash investments | $1,309,749,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $234,518,773 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,649,668 |
| Net Land, buildings, and equipment | $62,383,453 |
| Investments—publicly traded securities | $153,946,804 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,813,433 |
| Total assets | $1,777,102,042 |
| Accounts payable and accrued expenses | $454,665,723 |
| Grants payable | $0 |
| Deferred revenue | $6,494,606 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,218,672,596 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,901,800 |
| Unsecured mortgages and notes payable | $159,356,082 |
| Other liabilities | $38,328,002 |
| Total liabilities | $1,879,418,809 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$102,316,767 |
| Total liabilities and net assets/fund balances | $1,777,102,042 |