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Nonprofit · EIN 44-0441450

SOUTHWEST ELECTRIC COOPERATIVE INC

Tax-exempt · BOLIVAR, MO 65613

Financials

$73M$69.3M2023$81.7M$75.3M2024
Revenue Expenses · by fiscal year end
Financials of SOUTHWEST ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$81,663,498$75,261,420$6,402,078$206,213,219$65,887,743$140,325,476
December 31, 2023990$73,027,362$69,290,408$3,736,954$199,603,401$64,858,185$134,745,216
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$73,750,510
Investment income
$733,365
Net rental income
$594,691
Net gain from sales of assets
$164,267
Net income from sales of inventory
$95,859
Other revenue
$7,179,623

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$651,480
Other salaries and wages
$5,817,919
Salaries, compensation and benefits (total)
$9,045,439
Professional fundraising fees
$0
Legal fees
$9,634
Accounting fees
$18,270
Occupancy
$184,713
Travel
$171,443
Depreciation
$7,666,580

Balance sheet and other

Total assets, start of year
$199,603,401
Total assets, end of year
$206,213,219
Total liabilities, end of year
$65,887,743
Net assets, end of year
$140,325,476
Land, buildings and equipment
$145,029,855
Gross unrelated business income
$811,147
Gross receipts
$81,986,068
Employees
97
Volunteers
0
Year formed
1939
State of legal domicile
MO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
JAMES ASHWORTHCEO/GENERAL MANAGER
Officer
50$338,873$107,199
JASON CARVERCHIEF ENGINEER
Highest-paid employee
50$179,858$65,394
LESLIE CANTRELLMANAGER, FINANCE AND ACC
Highest-paid employee
50$162,870$66,858
JOSHUA WOLFEOPERATIONS MANAGER
Highest-paid employee
50$156,342$64,071
BENJAMIN GERKEJOURNEYMAN
Highest-paid employee
50$145,679$50,010
ALVA RAINSJOURNEYMAN
Highest-paid employee
50$146,322$44,365
NANCY ERICKSONPRESIDENT
Trustee or director, Officer
9.88$2,950$26,772
CHRIS JEWELLDIRECTOR
Trustee or director
3.92$2,775$26,772
BARRY EDWARDSASST. SECRETARY/TREASURER
Trustee or director, Officer
5.58$4,600$21,128
LOWELL HILLDIRECTOR
Trustee or director
14.19$2,575$22,578
JACK BYBEESECRETARY/TREASURER
Trustee or director, Officer
9.33$2,275$22,580
MIKE FRIEZEDIRECTOR
Trustee or director
1.73$3,700$21,128
CARL BUTTONDIRECTOR
Trustee or director
4.35$3,575$21,128
ED DORITYDIRECTOR
Trustee or director
12.29$3,425$12,042
DANIEL MAUSSVICE PRESIDENT
Trustee or director, Officer
5.38$5,400$6
990 for the year ended December 31, 2023: 15 people
NameTitleHours / weekCompensationOther / benefits
JAMES ASHWORTHCEO/GENERAL MANAGER
Officer
50$309,772$98,960
JASON CARVERCHIEF ENGINEER
Highest-paid employee
50$171,280$64,847
LESLIE CANTRELLMANAGER, FINANCE AND ACC
Highest-paid employee
50$150,707$63,560
JOSHUA WOLFEOPERATIONS MANAGER
Highest-paid employee
50$144,029$59,343
MATTHEW WILLARDMANAGER OF IT
Highest-paid employee
50$134,096$59,343
JARRETT JENKINSJOURNEYMAN
Highest-paid employee
50$142,499$34,965
NANCY ERICKSONVICE PRESIDENT
Trustee or director, Officer
9.81$2,775$27,306
CHRIS JEWELLDIRECTOR
Trustee or director
5.42$2,600$27,306
LOWELL HILLDIRECTOR
Trustee or director
15.38$2,550$23,042
JACK BYBEESECRETARY/TREASURER
Trustee or director, Officer
9.35$2,425$23,044
BARRY EDWARDSASST. SECRETARY/TREASURER
Trustee or director, Officer
8.63$3,700$21,526
CARL BUTTONDIRECTOR
Trustee or director
5.73$3,375$21,526
MIKE FRIEZEDIRECTOR
Trustee or director
3.31$3,100$21,526
ED DORITYDIRECTOR
Trustee or director
13.35$4,575$12,289
DANIEL MAUSSVICE PRESIDENT
Trustee or director, Officer
4.58$4,250$6

Address and contacts

Address (IRS master file)
1023 S SPRINGFIELD AVE, BOLIVAR, MO 65613-2534
Principal officer (990 for 2024)
JAMES ASHWORTH, 1023 S SPRINGFIELD AVE, BOLIVAR, MO 65613
Signed the 990
JAMES ASHWORTH, GENERAL MANAGER
Phone
(417) 326-5244
Return prepared by
THE WHITLOCK COMPANY LLP

Mission

SOUTHWEST ELECTRIC COOPERATIVE CAME INTO EXISTENCE IN OCTOBER OF 1939 AND HAS BEEN PROVIDING ELECTRICAL SERVICE TO RURAL MEMBERS EVER SINCE. SWEC OWNS 5,565 MILES OF LINE AND SERVES JUST OVER 44,698 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.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDE ELECTRIC SERVICE TO OVER 40,000 METERS

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
44-0441450
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1941
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$206,213,219
Income (IRS master file)
$81,986,068

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$81,663,498$75,261,420$206,213,219XML
990December 2023$73,027,362$69,290,408$199,603,401XML
990December 2022$70,745,586$67,667,704$196,615,354IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 44-0441450).

Questions about SOUTHWEST ELECTRIC COOPERATIVE INC

What is the EIN of SOUTHWEST ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of SOUTHWEST ELECTRIC COOPERATIVE INC is 44-0441450.
Is SOUTHWEST ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1941.
Are donations to SOUTHWEST ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does SOUTHWEST ELECTRIC COOPERATIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SOUTHWEST ELECTRIC COOPERATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SOUTHWEST ELECTRIC COOPERATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SOUTHWEST ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names JAMES ASHWORTH.
Who are the officers and directors of SOUTHWEST ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 15 people; 15 received compensation from the organization, the highest $338,873 (JAMES ASHWORTH, CEO/GENERAL MANAGER).
How much revenue does SOUTHWEST ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $81,663,498, expenses of $75,261,420 and total assets of $206,213,219 at year end.

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