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Nonprofiteer
← SOUTHWESTERN ELECTRIC COOPERATIVE INC

Form 990 for tax year 2022

Filed by SOUTHWESTERN ELECTRIC COOPERATIVE INC.

Totals

Total revenue
$64,321,754
Total expenses
$63,714,706
Contributions and grants received
$0
Grants paid
$30,612
Program service revenue
$63,364,855
Investment income
$61,414
Other revenue
$895,485
Total assets, end of year
$186,571,705
Total liabilities, end of year
$120,462,733
Net assets or fund balances, end of year
$66,108,972
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

  • ANN SCHWARM

    PRESIDENT

    Total calculated
    $25,712
    From this org
    $25,712
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.48

  • JERRY GAFFNER

    VICE PRESIDENT

    Total calculated
    $25,612
    From this org
    $25,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.37

  • ANNETTE HARTLIEB

    SECRETARY

    Total calculated
    $25,412
    From this org
    $25,412
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.77

  • SANDRA GRAPPERHAUS

    TREASURER

    Total calculated
    $25,112
    From this org
    $25,112
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.73

  • SANDRA NEVINGER

    DIRECTOR

    Total calculated
    $24,812
    From this org
    $24,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.47

  • THEODORE WILLMAN

    DIRECTOR

    Total calculated
    $24,812
    From this org
    $24,812
    From related orgs
    $0
    Other
    $0
    Hours/week
    2.5

  • JARED STINE

    DIRECTOR

    Total calculated
    $25,612
    From this org
    $25,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    4.88

  • WILLIAM JENNINGS

    DIRECTOR

    Total calculated
    $25,612
    From this org
    $25,612
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.17

  • MARVIN WARNER

    DIRECTOR

    Total calculated
    $25,612
    From this org
    $5,112
    From related orgs
    $0
    Other
    $20,500
    Hours/week
    3.44

  • BOBBY WILLIAMS JR

    CEO

    Total calculated
    $406,024
    From this org
    $262,076
    From related orgs
    $0
    Other
    $143,948
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $260,000
    Bonus
    $0
    Other
    $2,076
    Deferred
    $122,015
    Nontaxable benefits
    $21,933
    Filer's total
    $406,024

  • MARVIN AYALA

    COO

    Total calculated
    $217,567
    From this org
    $196,253
    From related orgs
    $0
    Other
    $21,314
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $194,415
    Bonus
    $0
    Other
    $1,838
    Deferred
    $0
    Nontaxable benefits
    $21,314
    Filer's total
    $217,567

  • REBECCA JACOBSON

    CFO

    Total calculated
    $221,861
    From this org
    $159,398
    From related orgs
    $0
    Other
    $62,463
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $157,568
    Bonus
    $0
    Other
    $1,830
    Deferred
    $37,014
    Nontaxable benefits
    $25,449
    Filer's total
    $221,861

  • ANDREW JONES

    VP BUSINESS DEVELOPMENT

    Total calculated
    $199,845
    From this org
    $165,636
    From related orgs
    $0
    Other
    $34,209
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $161,904
    Bonus
    $0
    Other
    $3,732
    Deferred
    $12,725
    Nontaxable benefits
    $21,484
    Filer's total
    $199,845

  • RICHARD MERSINGER

    MAINTENANCE FOREMAN

    Total calculated
    $271,035
    From this org
    $163,669
    From related orgs
    $0
    Other
    $107,366
    Hours/week
    49.38

    Schedule J breakdown matched by us

    Base
    $163,153
    Bonus
    $0
    Other
    $516
    Deferred
    $75,016
    Nontaxable benefits
    $32,350
    Filer's total
    $271,035

  • JOEL LAFRANCE

    SYSTEM-WIDE TROUBLMAN FOREMAN

    Total calculated
    $202,076
    From this org
    $163,351
    From related orgs
    $0
    Other
    $38,725
    Hours/week
    49.28

    Schedule J breakdown matched by us

    Base
    $162,425
    Bonus
    $0
    Other
    $926
    Deferred
    $5,575
    Nontaxable benefits
    $33,150
    Filer's total
    $202,076

  • ANDREW WESSEL

    CONSTRUCTION FOREMAN

    Total calculated
    $209,330
    From this org
    $162,953
    From related orgs
    $0
    Other
    $46,377
    Hours/week
    49.1

    Schedule J breakdown matched by us

    Base
    $162,768
    Bonus
    $0
    Other
    $185
    Deferred
    $33,745
    Nontaxable benefits
    $12,632
    Filer's total
    $209,330

  • MIKE WILLMAN

    VP OF OPERATIONS

    Total calculated
    $259,473
    From this org
    $162,579
    From related orgs
    $0
    Other
    $96,894
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $159,657
    Bonus
    $0
    Other
    $2,922
    Deferred
    $75,425
    Nontaxable benefits
    $21,469
    Filer's total
    $259,473

  • BARBARA TEDRICK

    DIRECTOR - FORMER

    Total calculated
    $26,280
    From this org
    $26,280
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $26,280
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $26,280

  • RANDY WOLF

    DIRECTOR - FORMER

    Total calculated
    $35,883
    From this org
    $35,883
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $35,883
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $35,883

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 · Form 990 of other organizations
  • 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

The filer's explanations (Part III)

SCHEDULE J, PART II:
DEFERRED COMPENSATION PAID OUT TO PRIOR BOARD MEMBERS BARB TEDERICK AND RANDY WOLF IN 2022 FOR THEIR PARTICIPATION ON THE BOARD OF DIRECTORS PRIOR TO 2022.

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

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202303049349301705

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