Form 990 for tax year 2024
Filed by SOUTHERN ILLINOIS POWER COOPERATIVE.
Totals
- Total revenue
- $194,965,826
- Total expenses
- $188,487,999
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $194,124,005
- Investment income
- $569,425
- Other revenue
- $272,396
- Total assets, end of year
- $659,211,937
- Total liabilities, end of year
- $508,551,921
- Net assets or fund balances, end of year
- $150,660,016
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: SALE OF ELECTRICITY
total $193,762,936 · related or exempt $193,762,936
-
2b · Program service revenue: PROG. RELATED INV. - CFC INTEREST
total $361,069 · related or exempt $361,069
-
3 · Investment income
total $643,760 · unrelated business -$24,032 · excluded $667,792
-
6a · Gross rents
real property $28,481
-
6b · Less rental expenses
real property $99,470
-
6c · Rental income or loss
real property -$70,989
-
6d · Net rental income or loss
total -$70,989 · excluded -$70,989
-
7b · Less cost or other basis and sales expenses
other assets $74,335
-
7c · Gain or loss
other assets -$74,335
-
7d · Net gain or loss
total -$74,335 · excluded -$74,335
-
11a · Other revenue: ALLOWANCE FOR FUNDS USED IN CONST
total $159,650 · related or exempt $159,650
-
11b · Other revenue: OTHER CAPITAL CREDITS & ALLOCATIO
total $119,265 · related or exempt $119,265
-
11c · Other revenue: OTHER INCOME
total $64,470 · related or exempt $64,470
-
11e · Other revenue, total
$343,385
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $2,538,270
-
7 · Other salaries and wages
total $10,660,982
-
8 · Pension plan contributions
total $4,012,186
-
9 · Other employee benefits
total $2,808,376
-
10 · Payroll taxes
total $690,278
-
11b · Fees: legal
total $161,782
-
11c · Fees: accounting
total $107,405
-
11g · Fees: other
total $2,808,709
-
12 · Advertising and promotion
total $5,195
-
13 · Office expenses
total $562,769
-
16 · Occupancy
total $3,129,752
-
19 · Conferences, conventions and meetings
total $43,353
-
20 · Interest
total $21,753,179
-
22 · Depreciation, depletion and amortization
total $25,013,957
-
23 · Insurance
total $1,599,269
-
24a · Other expenses: FUEL FOR GENERATION
total $51,120,144
-
24b · Other expenses: POWER INTERCHANGED
total $25,299,202
-
24c · Other expenses: POWER GENERATION EXPENS
total $19,042,604
-
24d · Other expenses: MAINTENANCE
total $17,130,587
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,546,496 · end of year $2,648,769
-
4 · Accounts receivable
beginning of year $17,749,373 · end of year $16,779,014
-
8 · Inventories for sale or use
beginning of year $28,818,999 · end of year $37,626,047
-
9 · Prepaid expenses and deferred charges
beginning of year $86,029,504 · end of year $83,371,203
-
10a · Land, buildings and equipment: cost or other basis
$877,837,827
-
10b · Land, buildings and equipment: accumulated depreciation
$378,558,552
-
10c · Land, buildings and equipment, net
beginning of year $512,328,389 · end of year $499,279,275
-
12 · Investments: other securities
beginning of year $539,061 · end of year $539,061
-
13 · Investments: program-related
beginning of year $9,720,314 · end of year $9,459,506
-
15 · Other assets
beginning of year $10,022,975 · end of year $9,509,062
-
17 · Accounts payable and accrued expenses
beginning of year $15,432,317 · end of year $20,126,237
-
19 · Deferred revenue
beginning of year $20,891,360 · end of year $8,547,512
-
23 · Secured mortgages and notes payable
beginning of year $467,711,789 · end of year $456,657,911
-
25 · Other liabilities
beginning of year $19,537,456 · end of year $23,220,261
-
29 · Capital stock, trust principal or current funds
beginning of year $700 · end of year $700
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $144,181,489 · end of year $150,659,316
Mission and programs · 2024
Mission
TO DELIVER TO OUR MEMBER SYSTEMS, HIGHLY RELIABLE, REASONABLY-PRICED AND ENVIRONMENTALLY RESPONSIBLE WHOLESALE POWER, FOR THE BENEFIT OF THEIR MEMBERS AND THEIR COMMUNITIES.
-
GENERATE AND TRANSMIT ELECTRICITY TO MEMBER DISTRIBUTION COOPERATIVES.
As filed on the 2024 return.
Listed in Part VII
-
Tom BeyersTOM BEYERS
DIRECTOR
- Total calculated
- $9,800
- From this org
- $9,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Kevin LieferKEVIN LIEFER
DIRECTOR
- Total calculated
- $11,200
- From this org
- $11,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Donnie LairdDONNIE LAIRD
DIRECTOR
- Total calculated
- $7,700
- From this org
- $7,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Richard RudolphiRICHARD RUDOLPHI
DIRECTOR
- Total calculated
- $12,600
- From this org
- $12,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Tim HankeTIM HANKE
DIRECTOR
- Total calculated
- $8,400
- From this org
- $8,400
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Stephen KalmerSTEPHEN KALMER
DIRECTOR
- Total calculated
- $13,300
- From this org
- $13,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Randall RushingRANDALL RUSHING
DIRECTOR
- Total calculated
- $14,700
- From this org
- $14,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Ken JarrettKEN JARRETT
DIRECTOR
- Total calculated
- $12,600
- From this org
- $12,600
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Richard NeffRICHARD NEFF
DIRECTOR
- Total calculated
- $10,500
- From this org
- $10,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Bob PiersonBOB PIERSON
DIRECTOR
- Total calculated
- $16,100
- From this org
- $16,100
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4
-
Richard RisterRICHARD RISTER
DIRECTOR
- Total calculated
- $13,300
- From this org
- $13,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Kathy WithersKATHY WITHERS
DIRECTOR
- Total calculated
- $11,900
- From this org
- $11,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Dale SchierbaumDALE SCHIERBAUM
DIRECTOR
- Total calculated
- $14,000
- From this org
- $14,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Amy Hoffman-RohlingAMY HOFFMAN-ROHLING
DIRECTOR
- Total calculated
- $11,200
- From this org
- $11,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Bob KroegerBOB KROEGER
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Dustin TrippDUSTIN TRIPP
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
David JohnstonDAVID JOHNSTON
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Alan WattlesALAN WATTLES
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Luke JohnsonLUKE JOHNSON
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Matt ConklinMATT CONKLIN
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
Shane HermetzSHANE HERMETZ
CO-OP MANAGER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1
-
George ObernagelGEORGE OBERNAGEL
DIRECTOR
- Total calculated
- $11,200
- From this org
- $11,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
William LittrellWILLIAM LITTRELL
DIRECTOR
- Total calculated
- $16,800
- From this org
- $16,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 6
-
James ScherrerJAMES SCHERRER
DIRECTOR
- Total calculated
- $11,900
- From this org
- $11,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Frank HermanFRANK HERMAN
DIRECTOR
- Total calculated
- $11,900
- From this org
- $11,900
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Cary DickinsonCARY DICKINSON
DIRECTOR
- Total calculated
- $14,700
- From this org
- $14,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Steve PrestSTEVE PREST
DIRECTOR
- Total calculated
- $13,300
- From this org
- $13,300
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Scott MillerSCOTT MILLER
DIRECTOR
- Total calculated
- $10,500
- From this org
- $10,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1
-
Samuel PhillipsSAMUEL PHILLIPS
DIRECTOR-OUTGOING
- Total calculated
- $2,800
- From this org
- $2,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Paul FurtakPAUL FURTAK
PRESIDENT & CEO
- Total calculated
- $680,716
- From this org
- $514,005
- From related orgs
- $0
- Other
- $166,711
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $514,005
- Bonus
- $0
- Other
- $0
- Deferred
- $134,206
- Nontaxable benefits
- $32,505
- Filer's total
- $680,716
-
Corina HornCORINA HORN
VP FINANCE & ADMINISTRATION/CFO
- Total calculated
- $249,403
- From this org
- $172,394
- From related orgs
- $0
- Other
- $77,009
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $172,394
- Bonus
- $0
- Other
- $0
- Deferred
- $75,100
- Nontaxable benefits
- $1,909
- Filer's total
- $249,403
-
Wendell WatsonWENDELL WATSON
DIRECTOR OF ENVIRONMENTAL
- Total calculated
- $358,772
- From this org
- $212,324
- From related orgs
- $0
- Other
- $146,448
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $212,324
- Bonus
- $0
- Other
- $0
- Deferred
- $116,671
- Nontaxable benefits
- $29,777
- Filer's total
- $358,772
-
Larry BurnsLARRY BURNS
VP MARKETS & POWER DELIVERY
- Total calculated
- $344,053
- From this org
- $202,797
- From related orgs
- $0
- Other
- $141,256
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $202,797
- Bonus
- $0
- Other
- $0
- Deferred
- $111,610
- Nontaxable benefits
- $29,646
- Filer's total
- $344,053
-
Robert ConnROBERT CONN
MANAGER GENERATION & FUEL
- Total calculated
- $336,247
- From this org
- $197,800
- From related orgs
- $0
- Other
- $138,447
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $197,800
- Bonus
- $0
- Other
- $0
- Deferred
- $108,874
- Nontaxable benefits
- $29,573
- Filer's total
- $336,247
-
Ashley McCuanASHLEY MCCUAN
VICE PRESIDENT OF POWER SU
- Total calculated
- $336,390
- From this org
- $200,209
- From related orgs
- $0
- Other
- $136,181
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $200,209
- Bonus
- $0
- Other
- $0
- Deferred
- $106,678
- Nontaxable benefits
- $29,503
- Filer's total
- $336,390
-
Billie HolshouserBILLIE HOLSHOUSER
MANAGER OF HUMAN RESOURCES
- Total calculated
- $232,690
- From this org
- $153,327
- From related orgs
- $0
- Other
- $79,363
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $153,327
- Bonus
- $0
- Other
- $0
- Deferred
- $77,351
- Nontaxable benefits
- $2,012
- Filer's total
- $232,690
-
James CozartJAMES COZART
SHIFT FOREMAN
- Total calculated
- $259,817
- From this org
- $172,972
- From related orgs
- $0
- Other
- $86,845
- Hours/week
- 52
Schedule J breakdown matched by us
- Base
- $172,972
- Bonus
- $0
- Other
- $0
- Deferred
- $65,520
- Nontaxable benefits
- $21,325
- Filer's total
- $259,817
-
Gary ChamnessGARY CHAMNESS
SHIFT FOREMAN
- Total calculated
- $260,601
- From this org
- $173,902
- From related orgs
- $0
- Other
- $86,699
- Hours/week
- 51
Schedule J breakdown matched by us
- Base
- $173,902
- Bonus
- $0
- Other
- $0
- Deferred
- $65,394
- Nontaxable benefits
- $21,305
- Filer's total
- $260,601
-
Ryan BerryRYAN BERRY
OPERATIONS SUPERINTENDENT
- Total calculated
- $244,863
- From this org
- $159,143
- From related orgs
- $0
- Other
- $85,720
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $159,143
- Bonus
- $0
- Other
- $0
- Deferred
- $83,518
- Nontaxable benefits
- $2,202
- Filer's total
- $244,863
-
Michael StewartMICHAEL STEWART
MAINTENANCE SUPERINTENDENT
- Total calculated
- $244,854
- From this org
- $159,129
- From related orgs
- $0
- Other
- $85,725
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $159,129
- Bonus
- $0
- Other
- $0
- Deferred
- $83,518
- Nontaxable benefits
- $2,207
- Filer's total
- $244,854
-
Justin BonnerJUSTIN BONNER
CONTROL OPERATOR
- Total calculated
- $238,493
- From this org
- $157,420
- From related orgs
- $0
- Other
- $81,073
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $157,420
- Bonus
- $0
- Other
- $0
- Deferred
- $59,889
- Nontaxable benefits
- $21,184
- Filer's total
- $238,493
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533189349304223
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