Southwestern Electric Cooperative Inc

Organization Overview

Southwestern Electric Cooperative Inc is located in Clayton, NM. The organization was established in 1962. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Southwestern Electric Cooperative Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwestern Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Southwestern Electric Cooperative Inc generated $26.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $26.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE APPROXIMATELY 2,900 ACTIVE METERS/SERVICES AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Travis Sullivan
General Mana
$120,918
Joe Reeser
Director
$7,000
Joel Gilbert
Director
$4,250
Ron Green
Director
$3,250
Roy Perschbacher
Director
$3,000
Renee Rinestine
Director
$2,750

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
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$0
Total Program Service Revenue$26,846,058
Investment income $15,705
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17
Net Gain/Loss on Asset Sales $11,500
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $26,888,635

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