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Nonprofiteer
← SOUTHWESTERN ELECTRIC COOPERATIVE INC

Form 990 for tax year 2024

Filed by SOUTHWESTERN ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$69,783,358
Total expenses
$68,842,759
Contributions and grants received
$0
Grants paid
$41,279
Program service revenue
$68,470,871
Investment income
$268,734
Other revenue
$1,043,753
Total assets, end of year
$194,968,118
Total liabilities, end of year
$124,340,656
Net assets or fund balances, end of year
$70,627,462
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • JERRY GAFFNER

    PRESIDENT

    Total calculated
    $25,451
    From this org
    $25,451
    From related orgs
    $0
    Other
    $0
    Hours/week
    8.25

  • JARED STINE

    VICE PRESIDENT

    Total calculated
    $25,051
    From this org
    $25,051
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.8

  • ANNETTE HARTLIEB

    SECRETARY

    Total calculated
    $25,051
    From this org
    $25,051
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • SANDRA GRAPPERHAUS

    TREASURER

    Total calculated
    $24,951
    From this org
    $24,951
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.31

  • MARVIN WARNER

    DIRECTOR

    Total calculated
    $25,851
    From this org
    $2,851
    From related orgs
    $0
    Other
    $23,000
    Hours/week
    3.87

  • BRADLEY LURKINS

    DIRECTOR

    Total calculated
    $25,251
    From this org
    $25,251
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.92

  • THEODORE WILLMAN

    DIRECTOR

    Total calculated
    $24,951
    From this org
    $24,951
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.08

  • WILLIAM JENNINGS

    DIRECTOR

    Total calculated
    $25,451
    From this org
    $25,451
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.69

  • ANN SCHWARM

    DIRECTOR

    Total calculated
    $25,751
    From this org
    $25,751
    From related orgs
    $0
    Other
    $0
    Hours/week
    3.86

  • BOBBY WILLIAMS JR

    CEO

    Total calculated
    $378,539
    From this org
    $293,611
    From related orgs
    $0
    Other
    $84,928
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $291,484
    Bonus
    $0
    Other
    $2,127
    Deferred
    $59,749
    Nontaxable benefits
    $25,179
    Filer's total
    $378,539

  • VICTOR BUEHLER II

    COO

    Total calculated
    $240,096
    From this org
    $190,515
    From related orgs
    $0
    Other
    $49,581
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $188,539
    Bonus
    $0
    Other
    $1,976
    Deferred
    $25,015
    Nontaxable benefits
    $24,566
    Filer's total
    $240,096

  • NATHAN TAYLOR

    CFO

    Total calculated
    $120,458
    From this org
    $105,588
    From related orgs
    $0
    Other
    $14,870
    Hours/week
    50

  • DUSTIN KEMP

    JOURNEYMAN LINEMAN

    Total calculated
    $199,919
    From this org
    $183,162
    From related orgs
    $0
    Other
    $16,757
    Hours/week
    69.25

    Schedule J breakdown matched by us

    Base
    $183,036
    Bonus
    $0
    Other
    $126
    Deferred
    $3,778
    Nontaxable benefits
    $12,979
    Filer's total
    $199,919

  • CRAIG JENNINGS

    VP OF ENGINEERING

    Total calculated
    $218,267
    From this org
    $183,093
    From related orgs
    $0
    Other
    $35,174
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $180,056
    Bonus
    $0
    Other
    $3,037
    Deferred
    $10,007
    Nontaxable benefits
    $25,167
    Filer's total
    $218,267

  • LEO DUBLO

    MAINTENANCE FOREMAN

    Total calculated
    $218,833
    From this org
    $182,970
    From related orgs
    $0
    Other
    $35,863
    Hours/week
    63

    Schedule J breakdown matched by us

    Base
    $182,742
    Bonus
    $0
    Other
    $228
    Deferred
    $13,260
    Nontaxable benefits
    $22,603
    Filer's total
    $218,833

  • ANDREW WESSEL

    CONSTRUCTION FOREMAN

    Total calculated
    $208,395
    From this org
    $178,562
    From related orgs
    $0
    Other
    $29,833
    Hours/week
    63

    Schedule J breakdown matched by us

    Base
    $178,357
    Bonus
    $0
    Other
    $205
    Deferred
    $16,821
    Nontaxable benefits
    $13,012
    Filer's total
    $208,395

  • LUKE CORDES

    JOURNEYMAN LINEMAN

    Total calculated
    $195,209
    From this org
    $176,170
    From related orgs
    $0
    Other
    $19,039
    Hours/week
    71

    Schedule J breakdown matched by us

    Base
    $176,000
    Bonus
    $0
    Other
    $170
    Deferred
    $6,060
    Nontaxable benefits
    $12,979
    Filer's total
    $195,209

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 · 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

The filer's explanations (Part III)

PART I, LINE 3
THE COOPERATIVE PARTICIPATES ANNUALLY IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR AND COMPARE THE RATE OF COMPENSATION FOR ITS CEO. ANNUALLY, EACH DIRECTOR COMPLETES AN EXTENSIVE PERFORMANCE EVALUATION ON THE CEO FOR REVIEW AND DISCUSSION WITH THE COMPLETE BOARD. THE BOARD THEN DETERMINES THE RATE OF COMPENSATION FOR THE CEO. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
30 June 2025
IRS schema version
2024v5.2
Source object
202501909349300015

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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