2024-11-12T15:22:53-06:00 2023-12-31 431365401 THE WHITLOCK COMPANY LLP 3271 E BATTLEFIELD SUITE 300 SPRINGFIELD MO 65804 990 2023-01-01 440441450 SOUTHWEST ELECTRIC COOPERATIVE SOUT 4173265244 PO BOX 150 BOLIVAR MO 65613 JAMES ASHWORTH GENERAL MANAGER 4173265244 2024-11-05 1 1 JOSEPH PAGE P00887441 4178810145 2023 2024-10-15 13:58:12Z JAMES ASHWORTH 2220 STATE HWY AC URBANA MO 65767 73356401 0 X WWW.SWEC.ORG X 1939 MO TO PROVIDE ELECTRIC SERVICE 9 9 98 0 682570 0 0 0 66088030 66830404 452873 835206 4204683 5361752 70745586 73027362 0 0 0 0 8296497 8358732 0 0 0 59371207 60931676 67667704 69290408 3077882 3736954 196615354 199603401 64585548 64858185 132029806 134745216 X SOUTHWEST ELECTRIC COOPERATIVE CAME INTO EXISTENCE IN OCTOBER OF 1939 AND HAS BEEN PROVIDING ELECTRICAL SERVICE TO RURAL MEMBERS EVER SINCE. SWEC OWNS 5,544 MILES OF LINE AND SERVES JUST OVER 44,286 METERS IN ELEVEN COUNTIES. SWEC HAS THREE DISTRICT OFFICES. ONE OFFICE IS LOCATED PRESTON, MISSOURI AND A SECOND IS LOCATED JUST NORTH OF SPRINGFIELD, MISSOURI. THE THIRD OFFICE IS SITUATED AT THE JUNCTION OF J AND 7 HIGHWAYS IN CAMDEN COUNTY. SOUTHWEST ELECTRIC IS DEDICATED TO PROVIDING ITS MEMBERS WITH THE BEST SERVICE POSSIBLE. 0 0 PROVIDE ELECTRIC SERVICE TO OVER 40,000 METERS 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 28 0 98 1 1 1 0 0 0 0 0 0 68697714 4658442 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X JAMES ASHWORTH 4173265244 1023 S SPRINGFIELD ST BOLIVAR MO 65613 JACK BYBEE SECRETARY/TREASURER 9.35 X X 2425 0 23044 LOWELL HILL DIRECTOR 15.38 X 2550 0 23042 CHRIS JEWELL DIRECTOR 5.42 X 2600 0 27306 MIKE FRIEZE DIRECTOR 3.31 X 3100 0 21526 ED DORITY DIRECTOR 13.35 X 4575 0 12289 NANCY ERICKSON VICE PRESIDENT 9.81 X X 2775 0 27306 DANIEL MAUSS VICE PRESIDENT 4.58 X X 4250 0 6 CARL BUTTON DIRECTOR 5.73 X 3375 0 21526 BARRY EDWARDS ASST. SECRETARY/TREASURER 8.63 X X 3700 0 21526 JAMES ASHWORTH CEO/GENERAL MANAGER 50.00 X 309772 0 98960 JASON CARVER CHIEF ENGINEER 50.00 X 171280 0 64847 LESLIE CANTRELL MANAGER, FINANCE AND ACC 50.00 X 150707 0 63560 MATTHEW WILLARD MANAGER OF IT 50.00 X 134096 0 59343 JOSHUA WOLFE OPERATIONS MANAGER 50.00 X 144029 0 59343 JARRETT JENKINS JOURNEYMAN 50.00 X 142499 0 34965 1081733 0 558589 6 0 1 0 ASPLUNDH TREE SERVICE PO BOX 827464 PHILADELPHIA PA 19182 RIGHT WAY CLEARING 4665498 CONSOLIDATED ELECTRIC SERVICES IN PO BOX 631 LEBANON MO 65536 LINE CONSTRUCTION 2675700 JHOLLAND ELECTRIC LLC 1808 HIGHWAY KK BOLIVAR MO 65613 LINE CONSTRUCTION 942681 VARNELL'S POWERLINE CONST CO RR 1 BOX 1481 WHEATLAND MO 65779 LINE CONSTRUCTION 358857 GRIER DIRTWORKS 1433 LON ROAD ROGERSVILLE MO 65742 EXCAVATION 100615 5 ELECTRICITY SALES 221000 66830404 66830404 66830404 835267 791649 43618 504731 0 504731 504731 470045 34686 182 243 -61 -61 -61 419412 328796 90616 90616 CAPITAL CREDITS 221000 3318444 3318444 OTHER REVENUE RELATED OR EXEMPT 221000 890693 890693 REVENE-SW FIBER COMM, LLC 221000 557268 557268 4766405 73027362 72301174 682570 43618 615655 5409668 729744 1215059 388606 18394 26500 273220 222471 121148 31776 95847 1313141 7355536 PURCHASED POWER 41057993 DISTRIB MAINTENANCE 6269590 DISTRIB OPERATIONS 2375942 CONSUMER ACCOUNTS 817595 952523 69290408 4150 4150 8088630 3096986 5314140 5081111 7934 7934 3687609 3319558 143951 4051053 225520018 85474819 133826998 140045199 45541942 43997410 196615354 199603401 6905321 8816447 48318608 46935624 9361619 9106114 64585548 64858185 X 13816872 14358671 0 0 118212934 120386545 132029806 134745216 196615354 199603401 X 3736954 -1021544 X X 0 0 0 225520018 85474819 140045199 140045199 PAT CAPITAL ASSOCIATED COMPANIES 38978808 C INVEST CAP TERM CERT CFC 872360 C OTHER INVEST ASSOC COMPANIES 14995 C SOUTHWEST ELECTRIC SERVICE COMPANY 3511 C A-PRIME, LLC 8065 C PITNEY WORKS RESERVE 331 C OTHER MISC INVESTMENTS 238227 C OTHER SPECIAL FUNDS 131113 C OTHER SPECIAL FUNDS - DEF REVENUE 3750000 C 43997410 CUSTOMER DEPOSITS AND PREPAYMENTS 1356114 REVENUE DEFERRAL 7750000 9106114 1 X 0 0 0 JAMES ASHWORTH CEO/GENERAL MANAGER 309772 0 0 0 0 0 81941 0 17019 0 408732 0 0 0 JASON CARVER CHIEF ENGINEER 171280 0 0 0 0 0 46382 0 18465 0 236127 0 0 0 LESLIE CANTRELL MANAGER, FINANCE AND ACC 150707 0 0 0 0 0 40760 0 22800 0 214267 0 0 0 JOSHUA WOLFE OPERATIONS MANAGER 144029 0 0 0 0 0 36543 0 22800 0 203372 0 0 0 MATTHEW WILLARD MANAGER OF IT 134096 0 0 0 0 0 36543 0 22800 0 193439 0 0 0 JARRETT JENKINS JOURNEYMAN 142499 0 0 0 0 0 24715 0 10250 0 177464 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SOUTHWEST ELECTRIC COOPERATIVE IS OWNED BY THE CUSTOMERS OR MEMBERS TO WHICH IT PROVIDES ELECTRIC SERVICE. MEMBERS ARE REQUIRED TO VOTE ON SIGNIFICANT DECISIONS INCLUDING THE SELECTION OF THE BOARD OF DIRECTORS, SALE OF THE COOPERATIVE'S ASSISTS AS WELL AS CHANGES TO COOPERATIVE'S BYLAWS. ADDITIONALLY, MEMBERS ARE ALLOCATED ON A YEARLY BASIS AN EQUITABLE PORTION OF ANY AMOUNT IN EXCESS OF OPERATING COSTS AND EXPENSES. SUCH DISTRIBUTIONS ARE RETIRED IN CASH TO MEMBERS UPON THE DISCRETION OF THE BOARD OF DIRECTORS. SUCH A DECISION IS MADE ON A YEARLY BASIS AND IS DEPENDENT UPON THE FINANCIAL CONDITION OF THE COOPERATIVE. LIKEWISE, IN THE EVENT OF DISSOLUTION OR LIQUIDATION OF THE COOPERATIVE, AFTER ALL INDEBTEDNESS OF THE COOPERATIVE HAS BEEN PAID, MEMBERS SHALL RECEIVE PAYMENT FOR OUTSTANDING CAPITAL CONTRIBUTIONS. MEMBERS ARE ALSO ENTITLED TO AN EQUITABLE PORTION OF ANY SURPLUS ASSETS FOLLOWING DISSOLUTION OR LIQUIDATION. THE MEMBERS THAT THE AFOREMENTIONED PERTAINS TO INCLUDES: CLASS I MEMBERS INCLUDE ANY PERSON, FIRM, CORPORATION, OR BODY-POLITICAL THAT (A) SIGNS MEMBERSHIP APPLICATION PAPERS AND PAYS ANY APPLICABLE MEMBERSHIP FEE, (B) AGREES TO PURCHASE ELECTRICITY FROM SWEC, (C) SIGNS ALL APPROPRIATE EASEMENTS, AND (D) AGREES TO BE BOUND BY SWEC'S ARTICLES OF INCORPORATION AND BYLAWS. CLASS II MEMBERS INCLUDE ANY PERSON, FIRM, CORPORATION, OR BODY-POLITICAL THAT BECOMES A CUSTOMER OF A WHOLLY-OWNED CORPORATE SUBSIDIARY OF SWEC AND (A) SIGNS MEMBERSHIP APPLICATION PAPERS AND PAYS ANY APPLICABLE MEMBERSHIP FEE, (B) AGREES TO PURCHASE ELECTRICITY FROM SWEC, (C) SIGNS ALL APPROPRIATE EASEMENTS, AND (D) AGREES TO BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF SWEC'S WHOLLY-OWNED CORPORATE SUBSIDIARY FORM 990, PART VI, SECTION A, LINE 7A SOUTHWEST ELECTRIC HAS TWO CLASSES OF MEMBERS. CLASS I MEMBERS INCLUDE ANY PERSON, FIRM, CORPORATION, OR BODY-POLITICAL THAT (A) SIGNS MEMBERSHIP APPLICATION PAPERS AND PAYS ANY APPLICABLE MEMBERSHIP FEE, (B) AGREES TO PURCHASE ELECTRICITY FROM SWEC, (C) SIGNS ALL APPROPRIATE EASEMENTS, AND (D) AGREES TO BE BOUND BY SWEC'S ARTICLES OF INCORPORATION AND BYLAWS. CLASS II MEMBERS INCLUDE ANY PERSON, FIRM, CORPORATION, OR BODY-POLITICAL THAT BECOMES A CUSTOMER OF A WHOLLY-OWNED CORPORATE SUBSIDIARY OF SWEC AND (A) SIGNS MEMBERSHIP APPLICATION PAPERS AND PAYS ANY APPLICABLE MEMBERSHIP FEE, (B) AGREES TO PURCHASE ELECTRICITY FROM SWEC, (C) SIGNS ALL APPROPRIATE EASEMENTS, AND (D) AGREES TO BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF SWEC'S WHOLLY-OWNED CORPORATE SUBSIDIARY. NO PERSON, FIRM, CORPORATION, OR BODY-POLITICAL MAY BECOME A MEMBER UNTIL HIS OR ITS APPLICATION OF MEMBERSHIP IS ACCEPTED BY THE BOARD OF DIRECTORS. AN ANNUAL MEETING OF SWEC MEMBERS MUST BE HELD ON DAY BETWEEN SEPTEMBER 1 AND OCTOBER 31 OF EACH YEAR. THE PURPOSE OF THE MEETING BEING THE SELECTION OF THE BOARD OF DIRECTORS, PASSING UPON REPORTS COVERING THE PREVIOUS FISCAL YEAR, AND TRANSACTING SUCH OTHER BUSINESS THAT MAY COME BEFORE THE MEETING. EACH MEMBER THAT IS NOT SUSPENDED OR TERMINATED SHALL BE ENTITLED TO ONLY ONE VOTE. ALL QUESTIONS SHALL BE DECIDED BY VOTE OF A MAJORITY OF THE MEMBERS VOTING THEREON IN PERSON EXCEPT AS OTHERWISE PROVIDED BY LAW, THE ARTICLES OF INCORPORATION, OR SWEC'S BYLAWS AND NO MEMBERS SHALL VOTE BY PROXY. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS ARE REQUIRED TO APPROVE BY VOTING CERTAIN ISSUES ARISING IN THE COURSE OF THE COOPERATIVE?S BUSINESS. SUCH DECISIONS INCLUDE THE SELECTION OF THE BOARD OF DIRECTORS, SALE OF ALL OR A SIGNIFICANT PORTION OF THE COOPERATIVE?S ASSETS AND PROPOSED CHANGES TO THE COOPERATIVE?S BYLAWS. FOR VOTING PURPOSES SOUTHWEST ELECTRIC HAS TWO CLASSES OF MEMBERS. CLASS I MEMBERS INCLUDE ANY PERSON, FIRM, CORPORATION, OR BODY-POLITICAL THAT (A) SIGNS MEMBERSHIP APPLICATION PAPERS AND PAYS ANY APPLICABLE MEMBERSHIP FEE, (B) AGREES TO PURCHASE ELECTRICITY FROM SWEC, (C) SIGNS ALL APPROPRIATE EASEMENTS, AND (D) AGREES TO BE BOUND BY SWEC'S ARTICLES OF INCORPORATION AND BYLAWS. CLASS II MEMBERS INCLUDE ANY PERSON, FIRM, CORPORATION, OR BODY-POLITICAL THAT BECOMES A CUSTOMER OF A WHOLLY-OWNED CORPORATE SUBSIDIARY OF SWEC AND (A) SIGNS MEMBERSHIP APPLICATION PAPERS AND PAYS ANY APPLICABLE MEMBERSHIP FEE, (B) AGREES TO PURCHASE ELECTRICITY FROM SWEC, (C) SIGNS ALL APPROPRIATE EASEMENTS, AND (D) AGREES TO BE BOUND BY THE ARTICLES OF INCORPORATION AND BYLAWS OF SWEC'S WHOLLY-OWNED CORPORATE SUBSIDIARY. NO PERSON, FIRM, CORPORATION, OR BODY-POLITICAL MAY BECOME A MEMBER UNTIL HIS OR ITS APPLICATION OF MEMBERSHIP IS ACCEPTED BY THE BOARD OF DIRECTORS. ANY MEMBER NOT SUSPENDED OR TERMINATED IS ENTITLED TO ONE VOTE PER DECISION AND NO MEMBER MAY VOTE BY PROXY. FORM 990, PART VI, SECTION B, LINE 11B THE RETURN IS REVIEWED BY THE CONTROLLER. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A YEARLY DISCLOSURE FORM INDICATING ANY KNOWN CONFLICTS OF INTEREST. THE CONFLICT OF INTEREST FORMS ARE HELD AS A PERMANENT RECORD BY ADMINISTRATION. ALL EMPLOYEES, INCLUDING THOSE CONSIDERED KEY AND/OR HIGHLY COMPENSATED, ARE REQUIRED TO COMPLETE AN CONFLICT OF INTEREST FORM EVERY FIVE YEARS. IF A CONFLICT OF INTEREST ARISES DURING THE FIVE YEAR PERIOD THE EMPLOYEE IN QUESTION IS REQUIRED TO IMMEDIATELY COMPLETE AN UPDATED FORM. COMPLETED EMPLOYEE CONFLICT OF INTEREST FORMS ARE HELD AS A PERMANENT RECORD BY THE ADMINISTRATION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES SALARY LEVELS BASED OFF OF LABOR MARKET SURVEYS, ECONOMIC CONDITIONS, CHANGES IN COST-OF-LIVING, AND THE FINANCIAL CONDITION OF THE COMPANY. CEO AND GENERAL MANAGER PROVIDES AN ANNUAL MERIT BUDGET FOR THEIR CONSIDERATION AND ACTION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: RETIRED CAPITAL 540,027. RETIRED MEMBERSHIP -4,525. CHANGES IN OTHER EQUITY ACCOUNTS -1,563,342. DONATED CAPITAL 6,296. FORM 990, PART XII, LINE 2C FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR FINANCIAL REPORTING. THERE HAVE BEEN NO CHANGES FROM PRIOR YEAR. SOUTHWEST FIBER COMMUNICATIONS LLC PO BOX 150 BOLIVAR MO 65613 431772215 FIBER OPTICS MO 40076 747346 SHO-ME POWER ELECTRIC COOPERATIVE 301 WEST JACKSON MARSHFIELD MO 65706 440502163 UTILITIES MO C 0 KAMO ELECTRIC COOPERATIVE INC PO BOX 577 VINITA OK 74301 730308057 UTILITIES OK C 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 1 0 0 0 SHO ME POWER ELECTRIC COOPERATIVE H 3864067 ACTUAL KAMO ELECTRIC COOPERATIVE INC H 37281779 ACTUAL SHO ME POWER ELECTRIC COOPERATIVE P 2000 ACTUAL KAMO ELECTRIC COOPERATIVE INC A 430999 ACTUAL SHO ME POWER ELECTRIC COOPERATIVE A 32000 ACTUAL KAMO ELECTRIC COOPERATIVE INC M 125 ACTUAL SHO ME POWER ELECTRIC COOPERATIVE M 1432 ACTUAL