South Plains Electric Cooperative Inc

Lubbock, TX
Tax-exempt since Feb. 1943
EIN: 75-0569260

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Type of Nonprofit

Designated as a 501(c)(12) Benevolent life insurance associations, irrigation companies, telephone companies, etc., which have a mutually beneficial nature.

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$208M (2022)

Expenses

$209M (2022)

Total Assets

$486M (2022)

Total Liabilities

$278M (2022)

Source: Form 990 tax filings from 2011 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Revenue

$208,235,314

Expenses

$209,462,049

Net Income

-$1,226,735

Net Assets

$208,537,138

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$209,185,784	> 100%
Investment Income	$503,591	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$78,998	0.0%
Net Fundraising	$0
Sales of Assets	-$2,021,543
Net Inventory Sales	$358,164	0.2%
Other Revenue	$130,320	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,645,163	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,063,951	4.3%

Assets/Debt
Total Assets	$486,202,083
Total Liabilities	$277,664,945
Net Assets	$208,537,138

Club or Co-Op Income
Income From Members	$213,789,188
Income From Other Sources	$4,317,988

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry Dale Ancell (Executive Vp/General Manager)	$341,446	$0	$93,508
John Randal Bailey (Assistant General Manager)	$296,237	$0	$261,267
Tahnee Truitt (Director Of Human Resources)	$202,157	$0	$58,555
Shane Adams (Chief Financial Officer)	$201,111	$0	$83,268
Lynn Simmons (Director Of Communications)	$194,687	$0	$62,132
Randy Mcgee (Manager Of Member Services)	$183,581	$0	$51,873
Jon Henson (Lubbock Division Manager)	$182,142	$0	$65,321
Steven Latham (Manager Of Information Technology)	$180,769	$0	$68,374
Glen Jones (Director)	$37,168	$0	$0
Lloyd Arthur (Director)	$34,605	$0	$0
Brent Whitaker (Director)	$33,358	$0	$0
Danny Stanton (Vice President)	$32,666	$0	$0
Rd Mccallister (Director)	$30,260	$0	$0
Bobby Richey (President)	$30,194	$0	$0
David Gossett (Director)	$29,902	$0	$0
Larry Browning (Director)	$29,470	$0	$0
Scott Martin (Secretary/Treasurer)	$28,405	$0	$0
Rynn Truett (Assistant Secretary/Treasurer)	$28,122	$0	$0
Benny Nixon (Director)	$27,758	$0	$0
Joe Mcferrin (Director)	$26,418	$0	$0

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990

Filed on Nov. 15, 2023

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Fiscal Year Ending Dec.
2021

Revenue

$159,722,811

Expenses

$161,612,173

Net Income

-$1,889,362

Net Assets

$200,771,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$161,312,126	> 100%
Investment Income	$387,268	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$106,262	0.1%
Net Fundraising	$0
Sales of Assets	-$2,464,332
Net Inventory Sales	$252,713	0.2%
Other Revenue	$128,774	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,602,722	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$8,344,895	5.2%

Assets/Debt
Total Assets	$469,943,205
Total Liabilities	$269,171,807
Net Assets	$200,771,398

Club or Co-Op Income
Income From Members	$170,435,245
Income From Other Sources	$2,146,145

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry Dale Ancell (Executive Vp/General Manager)	$312,995	$0	$143,173
John Randal Bailey (Assistant General Manager)	$272,991	$0	$263,473
Shane Adams (Chief Financial Officer)	$189,309	$0	$100,952
Tahnee Truitt (Director Of Human Resources)	$188,615	$0	$94,313
Lynn Simmons (Director Of Communications)	$177,732	$0	$103,993
Steven Latham (Director Of Information Technology)	$167,544	$0	$85,876
Randy Mcgee (Manager Of Member Services)	$166,638	$0	$78,934
Jeremy Herring (Manager Of Operation Systems)	$164,332	$0	$87,961
Lloyd Arthur (Director)	$35,368	$0	$0
Scott Martin (Secretary/Treasurer)	$34,267	$0	$0
Glen Jones (Director)	$31,015	$0	$0
Brent Whitaker (Director)	$29,681	$0	$0
Bobby Richey (President)	$26,018	$0	$0
Rd Mccallister (Director)	$25,281	$0	$0
Larry Browning (Director)	$24,512	$0	$0
Joe Mcferrin (Director)	$23,295	$0	$0
Danny Stanton (Vice President)	$23,286	$0	$0
Rynn Truett (Assistant Secretary/Treasurer)	$22,826	$0	$0
Benny Nixon (Director)	$22,400	$0	$0
David Gossett (Director)	$21,880	$0	$0
Robert Forbis (Former Director)	$13,001	$0	$0

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990

Filed on Nov. 15, 2022

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Fiscal Year Ending Dec.
2020

Revenue

$149,006,332

Expenses

$149,125,880

Net Income

-$119,548

Net Assets

$200,708,985

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$149,122,263	> 100%
Investment Income	$367,238	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$84,138	0.1%
Net Fundraising	$0
Sales of Assets	-$988,878
Net Inventory Sales	$295,016	0.2%
Other Revenue	$126,555	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,278,772	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,938,039	5.3%

Assets/Debt
Total Assets	$427,369,484
Total Liabilities	$226,660,499
Net Assets	$200,708,985

Club or Co-Op Income
Income From Members	$145,328,776
Income From Other Sources	$6,989,408

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Larry Dale Ancell (Executive Vp/General Manager)	$291,583	$0	$69,476
John Randal Bailey (Assistant General Manager)	$257,137	$0	$219,122
Tahnee Truitt (Director Of Human Resources)	$177,895	$0	$48,963
Allan Brown (Director Of Risk Management)	$177,494	$0	$24,704
Shane Adams (Chief Financial Officer)	$171,825	$0	$56,748
Lynn Simmons (Director Of Communications)	$168,141	$0	$53,882
Steven Latham (Director Of Information Technology)	$160,554	$0	$51,174
Randy Mcgee (Manager Of Member Services)	$159,691	$0	$39,140
Scott Martin (Secretary/Treasurer)	$26,486	$0	$0
Benny Nixon (Director)	$19,464	$0	$0
Rynn Truett (Assistant Secretary/Treasurer)	$18,514	$0	$0
David Gossett (Director)	$18,206	$0	$0
Bobby Richey (President)	$17,710	$0	$0
Rd Mccallister (Director)	$17,490	$0	$0
Danny Stanton (Vice President)	$16,770	$0	$0
Glenn Jones (Director)	$15,678	$0	$0
Larry Browning (Director)	$15,531	$0	$0
Robert Forbis (Former Director)	$12,481	$0	$0
Marvin Schoepf (Director)	$12,006	$0	$0
Ken Harris Jan Sep (Director)	$11,763	$0	$0
Lloyd Arthur Sept Dec (Director)	$9,722	$0	$0
Joe Mcferrin (Director)	$8,592	$0	$0
Brent Whitaker Oct Dec (Director)	$4,949	$0	$0

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990

Filed on Nov. 16, 2021

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Fiscal Year Ending Dec.
2019

Revenue

$150,898,523

Expenses

$151,423,757

Net Income

-$525,234

Net Assets

$186,434,845

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$151,145,327	> 100%
Investment Income	$250,273	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$146,730	0.1%
Net Fundraising	$0
Sales of Assets	-$956,280
Net Inventory Sales	$184,322	0.1%
Other Revenue	$128,151	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,173,380	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$7,894,669	5.2%

Assets/Debt
Total Assets	$405,294,131
Total Liabilities	$218,859,286
Net Assets	$186,434,845

Club or Co-Op Income
Income From Members	$139,577,520
Income From Other Sources	$5,488,437

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (Executive Vp/General Manager)	$273,562	$0	$58,638
Randal Bailey (Assistant General Manager)	$231,937	$0	$164,505
Ronnie Rucker (Director Of Finance)	$207,849	$0	$9,282
Allan Brown (Director Of Risk Management)	$198,337	$0	$67,065
Kelly Vinson (District Superintendent)	$162,309	$0	$28,210
Lynn Simmons (Director Of Communication)	$161,016	$0	$47,336
Tahnee Truitt (Director Of Human Resource)	$159,178	$0	$42,851
Shane Adams (Chief Financial Officer)	$148,695	$0	$48,761
Scott Martin (Secretary/Treasurer)	$30,074	$0	$0
Benny Nixon (Director)	$24,253	$0	$0
Rd Mccallister (Director)	$21,146	$0	$0
Danny Stanton (Vice President)	$21,095	$0	$0
Rynn Truett (Assistant Secretary/Treasurer)	$20,924	$0	$0
David Gossett (Director)	$20,526	$0	$0
Bobby Richie (President)	$20,041	$0	$0
Marvin Schoepf (Director)	$19,256	$0	$0
Glenn Jones (Director)	$19,107	$0	$0
Ken Harris (Director)	$16,941	$0	$0
Larry Browning (Director)	$16,004	$0	$0
Tommy Joines Jan Sep (Director)	$14,486	$0	$0
Robert Forbis (Former Director)	$11,505	$0	$0
Joe Mcferrin (Director)	$3,458	$0	$0

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990

Filed on Oct. 19, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$156,780,979

Expenses

$156,350,710

Net Income

$430,269

Net Assets

$168,759,504

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$156,067,578	99.5%
Investment Income	$217,267	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$189,723	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$179,521	0.1%
Other Revenue	$126,890	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,213,499	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,942,984	4.4%

Assets/Debt
Total Assets	$373,423,724
Total Liabilities	$204,664,220
Net Assets	$168,759,504

Club or Co-Op Income
Income From Members	$151,267,679
Income From Other Sources	$4,884,953

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (General Manager)	$259,462	$0	$50,228
Randal Bailey (Assistant Manager)	$218,870	$0	$188,982
Ronnie Rucker (Director Of Finance)	$190,473	$0	$34,400
Al Arreola (Project Engineer)	$184,923	$0	$6,717
Kelly Vinson (District Superintendent)	$171,435	$0	$42,296
James Lueb (Underground Foreman)	$156,428	$0	$6,864
Lynn Simmons (Director Of Communication)	$153,476	$0	$41,925
Tahnee Truitt (Director Of Human Resource)	$150,715	$0	$38,218
Scott Martin (Director)	$31,221	$0	$0
Danny Stanton (Director)	$25,714	$0	$0
David Gossett (Director)	$24,567	$0	$0
Rynn Truett (Director)	$23,892	$0	$0
Benny Nixon (Director)	$23,579	$0	$0
Tommy Joines (President)	$22,041	$0	$0
Rd Mccallister (Vice President)	$21,936	$0	$0
Glenn Jones (Director)	$21,531	$0	$0
Bobby Richey (Secretary/Treasurer)	$20,414	$0	$0
Larry Browning (Director)	$20,295	$0	$0
Marvin Schoepf (Director)	$17,957	$0	$0
Ken Harris (Director)	$17,938	$0	$0
Robert Forbis (Former Director)	$11,337	$0	$0

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990

Filed on Nov. 7, 2019

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Fiscal Year Ending Dec.
2017

Revenue

$134,070,625

Expenses

$138,655,346

Net Income

-$4,584,721

Net Assets

$152,851,969

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$138,266,725	> 100%
Investment Income	$211,489	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$204,384	0.2%
Net Fundraising	$0
Sales of Assets	-$4,979,350
Net Inventory Sales	$221,405	0.2%
Other Revenue	$145,972	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,180,136	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$6,203,953	4.5%

Assets/Debt
Total Assets	$360,226,115
Total Liabilities	$207,374,146
Net Assets	$152,851,969

Club or Co-Op Income
Income From Members	$136,311,629
Income From Other Sources	$3,416,308

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (General Manager)	$242,463	$0	$46,646
Randal Bailey (Assistant Manager)	$203,837	$0	$190,920
Ronnie Rucker (Director Of Finance)	$182,232	$0	$31,933
Allan Brown (Director Of Risk Managemen)	$144,303	$0	$55,195
Tahnee Truitt (Director Of Human Resource)	$142,691	$0	$36,931
Lynn Simmons (Director Of Communication)	$134,336	$0	$39,701
Shane Adams (Manager Of Accounting)	$131,769	$0	$43,318
Steven Latham (Manager Of Information Tec)	$129,617	$0	$43,769
Scott Martin (Director)	$32,629	$0	$0
Rynn Truett (Director)	$27,767	$0	$0
Danny Stanton (Director)	$26,852	$0	$0
Rd Mccallister (Vice President)	$26,246	$0	$0
Larry Browning (Director)	$24,963	$0	$0
Benny Nixon (Director)	$24,943	$0	$0
Tommy Joines (President)	$24,005	$0	$0
David Gossett (Director)	$22,631	$0	$0
Glenn Jones (Director)	$21,252	$0	$0
Marvin Schoepf (Director)	$17,511	$0	$0
Bobby Richey (Secretary/Treasurer)	$17,257	$0	$0
Ken Harris (Director)	$16,049	$0	$0
Robert Forbis (Former Director)	$10,776	$0	$0

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990

Filed on Nov. 15, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$130,873,692

Expenses

$130,831,933

Net Income

$41,759

Net Assets

$147,465,364

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$130,108,315	99.4%
Investment Income	$210,553	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$235,626	0.2%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$187,640	0.1%
Other Revenue	$131,558	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,132,737	0.9%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,959,468	4.6%

Assets/Debt
Total Assets	$357,300,764
Total Liabilities	$209,835,400
Net Assets	$147,465,364

Club or Co-Op Income
Income From Members	$129,134,301
Income From Other Sources	$2,831,101

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (General Manager)	$229,875	$0	$44,808
Randal Bailey (Assistant Manager)	$187,550	$0	$167,872
Ronnie Rucker (Director Of Finance)	$177,568	$0	$30,718
Tahnee Truitt (Director Of Human Resources)	$142,309	$0	$38,597
Allan Brown (Director Of Risk Management)	$138,614	$0	$53,752
Lynn Simmons (Director Of Communication)	$128,260	$0	$39,062
Shane Adams (Manager Of Accounting)	$127,942	$0	$99,189
Steven Latham (Manager Of Information Technology)	$121,330	$0	$99,730
Rd Mccallister (Vice President)	$30,437	$0	$0
Rynn Truett (Director)	$28,659	$0	$0
Danny Stanton (Director)	$27,288	$0	$0
Bobby Richey (Secretary/Treasurer)	$26,874	$0	$0
David Gossett (Director)	$26,664	$0	$0
Tommy Joines (President)	$24,296	$0	$0
Benny Nixon (Director)	$24,034	$0	$0
Marvin Schoepf (Director)	$24,012	$0	$0
Larry Browning (Director)	$23,954	$0	$0
Glenn Jones (Director)	$22,772	$0	$0
Ken Harris (Director)	$16,741	$0	$0
Robert Forbis (Director (Jan Sep))	$15,904	$0	$0
Scott Martin (Director)	$2,711	$0	$0

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990

Filed on Nov. 13, 2017

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Fiscal Year Ending Dec.
2015

Revenue

$136,936,908

Expenses

$132,307,638

Net Income

$4,629,270

Net Assets

$138,590,603

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$129,148,776	94.3%
Investment Income	$210,361	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$175,305	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$167,618	0.1%
Other Revenue	$7,234,848	5.3%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,082,819	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,806,124	4.4%

Assets/Debt
Total Assets	$335,539,013
Total Liabilities	$196,948,410
Net Assets	$138,590,603

Club or Co-Op Income
Income From Members	$126,477,544
Income From Other Sources	$10,074,976

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (General Manager)	$222,859	$0	$41,848
Randal Bailey (Assistant Manager)	$177,707	$0	$152,174
Ronnie Rucker (Director Of Finance)	$171,948	$0	$27,535
Tahnee Truitt (Director Of Human Resource)	$139,042	$0	$38,014
Allan Brown (Director Of Risk Management)	$135,799	$0	$48,611
Shane Adams (Manager Of Accounting)	$125,574	$0	$44,143
Zach Taylor (Manager Of Engineering)	$123,207	$0	$40,176
Lynn Simmons (Director Of Communication)	$121,715	$0	$37,438
Danny Stanton (Asst Secretary/Treasurer)	$29,547	$0	$0
Rd Mccallister (Vice President)	$28,257	$0	$0
Glenn Jones (Director)	$27,664	$0	$0
Robert Forbis (Director)	$25,864	$0	$0
Benny Nixon (Director)	$25,753	$0	$0
Marvin Schoepf (Director)	$24,532	$0	$0
Tommy Joines (President)	$24,515	$0	$0
Bobby Richey (Secretary And Treasurer)	$23,793	$0	$0
Larry Browning (Director)	$22,673	$0	$0
Paul Zuber (Director (1/2015 9/2015))	$17,441	$0	$0
Ken Harris (Director)	$16,660	$0	$0
Bill Bednarz Jr (Director (1/2015 6/2015))	$10,047	$0	$0
David Gossett (Director (9/2015 12/2015))	$7,725	$0	$0
Rynn Truett (Director (9/2015 12/2015))	$4,277	$0	$0

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990

Filed on Nov. 14, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$150,837,656

Expenses

$150,798,312

Net Income

$39,344

Net Assets

$128,064,034

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$149,504,215	99.1%
Investment Income	$223,521	0.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$930,164	0.6%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$179,756	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,012,628	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,488,890	3.6%

Assets/Debt
Total Assets	$319,503,923
Total Liabilities	$191,439,889
Net Assets	$128,064,034

Club or Co-Op Income
Income From Members	$146,536,571
Income From Other Sources	$2,633,319

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (General Manager)	$204,925	$0	$35,306
Randal Bailey (Assistant Manager)	$169,631	$0	$124,106
Ronnie Rucker (Director Of Finance)	$164,953	$0	$24,163
Shane Adams (Manager Of Accounting)	$137,012	$0	$37,245
Allan Brown (Director Of Risk Management)	$126,489	$0	$40,097
Tahnee Truitt (Director Of Human Resource)	$126,022	$0	$29,699
Henry Hernandez (Journeyman Lineman)	$115,293	$0	$25,956
Lynn Simmons (Dir Of Communication)	$114,523	$0	$30,790
Rd Mccallister (Vice President)	$32,121	$0	$0
Danny Stanton (Asst Secretary/Treasurer)	$28,275	$0	$0
Bill Bednarz Jr (Director)	$27,324	$0	$0
Glenn Jones (Director)	$24,630	$0	$0
Bobby Richey (Secretary And Treasurer)	$23,762	$0	$0
Tommy Joines (President)	$23,581	$0	$0
Benny Nixon (Director)	$23,323	$0	$0
Robert Forbis (Director)	$23,130	$0	$0
Marvin Schoepf (Director)	$23,001	$0	$0
Larry Browning (Director)	$22,643	$0	$0
Paul Zuber (Director)	$22,625	$0	$0
Ken Harris (Director)	$15,129	$0	$0

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990

Filed on Nov. 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$138,197,017

Expenses

$138,060,444

Net Income

$136,573

Net Assets

$124,098,872

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$137,653,737	99.6%
Investment Income	$261,186	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$124,501	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$157,593	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$725,920	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$5,200,835	3.8%

Assets/Debt
Total Assets	$300,054,861
Total Liabilities	$175,955,989
Net Assets	$124,098,872

Club or Co-Op Income
Income From Members	$130,282,128
Income From Other Sources	$2,561,947

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dale Ancell (General Manager)	$198,446	$0	$39,541
Randal Bailey (Assistant Manager)	$160,199	$0	$120,597
Ronnie Rucker (Director Of Finance)	$156,359	$0	$25,867
Shane Adams (Manager Of Accounting)	$130,179	$0	$43,204
Sheryl Williams (District Manager)	$126,320	$0	$22,146
Tahnee Truitt (Director Of Human Resources)	$123,311	$0	$36,338
Allan Brown (Director Of Risk Managemen)	$121,732	$0	$45,676
Rd Mccallister (Vice President)	$29,981	$0	$0
Glenn Jones (Director)	$29,688	$0	$0
Marvin Schoepf (Director)	$28,056	$0	$0
Tommy Joines (President)	$27,110	$0	$0
Danny Stanton (Asst Secretary/Treasurer)	$26,498	$0	$0
Bill Bednarz Jr (Director)	$26,345	$0	$0
Bobby Richey (Secretary And Treasurer)	$25,271	$0	$0
Robert Forbis (Director)	$24,588	$0	$0
Paul Zuber (Director)	$23,912	$0	$0
Benny Nixon (Director)	$23,877	$0	$0
Larry Browning (Director)	$23,197	$0	$0
Ken Harris (Director)	$17,184	$0	$0

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990

Filed on Nov. 17, 2014

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2012

Revenue

$123,088,747

Expenses

$123,159,020

Net Income

-$70,273

Net Assets

$109,474,518

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$122,524,413	99.5%
Investment Income	$263,054	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$134,460	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$166,820	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$906,438	0.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,858,827	3.9%

Assets/Debt
Total Assets	$277,449,273
Total Liabilities	$167,974,755
Net Assets	$109,474,518

Club or Co-Op Income
Income From Members	$116,568,565
Income From Other Sources	$2,172,137

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$140,048,899

Expenses

$140,119,276

Net Income

-$70,377

Net Assets

$101,302,416

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$139,509,982	99.6%
Investment Income	$265,487	0.2%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$119,119	0.1%
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$154,311	0.1%
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$684,541	0.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$4,847,240	3.5%

Assets/Debt
Total Assets	$260,330,519
Total Liabilities	$159,028,103
Net Assets	$101,302,416

Club or Co-Op Income
Income From Members	$133,887,945
Income From Other Sources	$1,831,684

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

Raw filing data. Includes EINs and summary financials as structured data.
Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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By Andrea Suozzo, Alec Glassford and Ash Ngu, ProPublica, and Brandon Roberts, Special to ProPublica.
Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

Updated September 24, 2024

South Plains Electric Cooperative Inc

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $208M (2022)

Expenses $209M (2022)

Total Assets $486M (2022)

Total Liabilities $278M (2022)

Tax Filings by Year

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Compensation

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2011

Revenue

$208M (2022)

Expenses

$209M (2022)

Total Assets

$486M (2022)

Total Liabilities

$278M (2022)

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004