Southwest Power Pool Inc
- Assets
- $1.1b
- Revenue
- $198.3m
- Investments
- $0.0
- Employees
- 688
- Location
- Little Rock, AR
- Founding
- 06/1995
- Data as of
- 12/2021
- 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 12/2021, Southwest Power Pool Inc employed 688 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 12/2021, Southwest Power Pool Inc generated $198.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $194.8m during the year ending 12/2021. 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
2021
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Sugg President And CEO | OfficerTrustee | 40 | $1,307,679 |
Malinda See Vice President - Corporate Services, 1-1-2021 - 2-1-2021 | Officer | 40 | $855,598 |
Lanny Nickell Executive Vice President And COO | Officer | 40 | $765,411 |
Paul Suskie Executive Vice President Regulatory - Legal | Officer | 40 | $633,398 |
Thomas Dunn Senior Vice President Finance And CFO | Officer | 40 | $616,466 |
Bruce Rew Senior Vice President - Operations | Officer | 40 | $587,322 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ge Renewables And Ge Energy Management Consulting & Professional Services | 12/30/21 | $9,018,474 |
Electric Power Engineers Inc Study Analysis/consulting Services | 12/30/21 | $1,591,000 |
Wright & Talisman Legal Services | 12/30/21 | $1,189,299 |
Aneden Consulting Consulting & Professional Services | 12/30/21 | $1,067,532 |
Oati Inc Consulting & Professional Services | 12/30/21 | $1,792,147 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $642,000 |
| 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 | $642,000 |
| Total Program Service Revenue | $197,619,814 |
| Investment income | $82,823 |
| 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 | $198,344,637 |
| 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. | $11,076,697 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,167,810 |
| Pension plan accruals and contributions | $13,050,870 |
| Other employee benefits | $8,457,254 |
| Payroll taxes | $5,871,123 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,524,552 |
| Fees for services: Accounting | $125,450 |
| 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 | $1,417,533 |
| Information technology | $14,996,224 |
| Royalties | $0 |
| Occupancy | $2,198,125 |
| Travel | $77,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $82,037 |
| Interest | $7,638,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,262,882 |
| Insurance | $1,806,801 |
| All other expenses | -$14,156,595 |
| Total functional expenses | $194,819,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $631,042 |
| Savings and temporary cash investments | $850,834,021 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $140,275,285 |
| 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 | $8,317,132 |
| Net Land, buildings, and equipment | $66,652,905 |
| Investments—publicly traded securities | $25,679,840 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,395,174 |
| Total assets | $1,101,785,399 |
| Accounts payable and accrued expenses | $248,972,314 |
| Grants payable | $0 |
| Deferred revenue | $7,845,665 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $740,018,874 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,107,400 |
| Unsecured mortgages and notes payable | $190,087,521 |
| Other liabilities | $41,704,439 |
| Total liabilities | $1,230,736,213 |
| 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 | -$128,950,814 |
| Total liabilities and net assets/fund balances | $1,101,785,399 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southwest Power Pool Inc Little Rock, AR | $1,101,785,399 | $198,344,637 |
National Rural Water Association Duncan, OK | $71,914,464 | $57,280,479 |
Tennessee Electric Co-Op Assn Nashville, TN | $3,724,180 | $7,501,409 |
Tennessee Valley Public Power Assocation Inc Chattanooga, TN | $38,455,755 | $10,938,894 |
Missouri One-Call Systems Inc Jefferson City, MO | $6,160,776 | $7,371,611 |
Cornerstone Credit Union League Plano, TX | $25,425,785 | $7,406,645 |
Arkansas Rural Water Association Lonoke, AR | $5,765,424 | $2,994,869 |
Texas Cable Association Inc Austin, TX | $4,738,342 | $2,581,048 |
Mississippi Rural Water Association Inc Raymond, MS | $3,301,172 | $1,882,953 |
Arkansas Bankers Association Little Rock, AR | $5,135,172 | $1,546,175 |
Southern Financial Exchange New Orleans, LA | $2,453,548 | $1,354,861 |
Brs Burlington Northern Santa Fe Bnsf General Committee Walker, MO | $1,461,875 | $1,004,555 |