2023-10-04T11:34:52-04:00 2022-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2022-01-01 730459033 SOUTHWEST RURAL ELECTRIC ASSOC INC SOUT 5806675281 P O BOX 310 TIPTON OK 73570 JEFF SIMPSON CEO 5806674445 2023-10-02 true JEFF SIMPSON 999009999 false MICHAEL K BURKE CPA P00054433 9187498337 2023-10-02 2022 2023-04-26 12:10:37Z JEFF SIMPSON PO BOX 310 TIPTON OK 73570 24552433 false X WWW.SWRE.COM X 1938 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 37 0 551000 0 19592117 23560062 22719 140478 -30404 265347 20135432 23965887 1450 937256 959643 1051480 1262764 0 0 18146696 21742030 20135432 23965887 0 74001838 77319715 42241800 43869927 31760038 33449788 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 7,689 ACTIVE SERVICES AT YEAR-END WERE PROVIDED ELECTRICITY ON A COOPERATIVE BASIS AND WERE ALLOCATED PATRONAGE CAPITAL. false false false false false false false false false true true false false true true true false false false false false false false false false false false false true false false false false false false false false false false false true false false false 23 0 true 37 true false false false false false 22976919 1261497 false false false X 7 7 false false false false true true true true true false false false true true true true true true true false OK X SOUTHWEST RURAL ELECTRIC ASSOC 5806675281 P O BOX 310 700 N BROADWAY TIPTON OK 73570 JEFF SIMPSON CEO 40.00 X 194143 0 134740 BARRY HOLT MGR OF MBR R 40.00 X 107520 0 117518 MIKE WOLFE MGR OF OPERA 40.00 X 125652 0 99107 ROBERT REID MGR OF IT & 40.00 X 113352 0 77964 DAN LAMBERT TRUSTEE 12.00 X 39596 0 0 DON PROCTOR SECRETARY 8.00 X X 33719 0 0 DON ELLIS TRUSTEE 8.00 X 28129 0 0 DAN WHITE TRUSTEE 8.00 X 26901 0 0 CARL BROCKRIEDE TRUSTEE 8.00 X 24164 0 0 DAN ELSENER VICE PRESIDE 8.00 X X 23187 0 0 RONNIE SWAN PRESIDENT 12.00 X X 16008 0 0 732371 429329 4 false true false 5E POWERLINE LLC 294525 WESTLAKE ROAD DUNCAN OK 73533 STORM REPAIRS 1145704 1 SALES OF ELECTRICITY 221000 22976919 22976919 PATRONAGE DIVIDENDS 221000 509457 509457 SERVICE REVENUE 221000 73686 73686 23560062 44588 44588 3510 3510 3510 3510 118470 22580 95890 95890 95890 758272 563966 194306 194306 MISC REVENUE 67531 67531 67531 23965887 23627593 338294 X 1450 959643 520588 742176 1243038 1680192 COST OF POWER 14101873 DISTRIBUTION 3078892 CONSUMER EXPENSE 1047560 GENERAL & ADMINISTRATIVE 352359 238116 23965887 0 0 0 2164522 1611283 1936708 5004230 5135642 509784 103642 93189 71916248 11885832 57808101 60030416 8243116 8478655 168443 33822 74001838 77319715 3050272 1974832 35477087 38865316 3714441 3029779 42241800 43869927 X 40735 39665 2630716 3361893 29088587 30048230 31760038 33449788 74001838 77319715 X 0 1689750 X false true X true false 129210 129210 2341025 822355 1518670 69446013 11063477 58382536 60030416 8478655 C 8478655 POST RETIREMENT HEALTH CARE 2895134 CONSUMER DEPOSITS 134645 3029779 X 23965887 23965887 23965887 23006244 23006244 959643 959643 23965887 SCHEDULE D, PAGE 3, PART X THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. SIGNIFICANT REQUIREMENTS OF THESE STATUTES PROVIDE THAT AT LEAST 85 PERCENT OF INCOME CONSISTS OF AMOUNTS COLLECTED FROM MEMBERS FOR THE SOLE PURPOSE OF MEETING LOSSES AND EXPENSES. MANAGEMENT HAS CONSIDERED WHETHER THE COOPERATIVE HAS ANY UNCERTAIN TAX POSITIONS, EMBEDDED OR OTHERWISE, THAT WOULD MATERIALLY IMPACT THE FINANCIAL STATEMENTS. MANAGEMENT BELIEVES NO SUCH MATERIAL UNCERTAINTIES EXIST, THEREFORE NO PROVISION IS PROVIDED. SCHEDULE D, PAGE 4, PART XII, LINE 4B PATRONAGE DIVIDENDS - ALLOCATED 959,643 X X false false false JEFF SIMPSON CEO 189719 4424 119716 15024 328883 BARRY HOLT MGR OF MBR RELATIONS 105150 2370 88561 28957 225038 MIKE WOLFE MGR OF OPERATIONS 124382 1270 70150 28957 224759 ROBERT REID MGR OF IT & FACILITY 110653 2699 49007 28957 191316 SCHEDULE J, PART III PART III, COLUMN C. - INCLUDED IN THIS AMOUNT ARE THE EMPLOYER CONTRIBUTIONS TO THE DEFINED CONTRIBUTION PLAN (401K), CASH CONTRIBUTIONS TO THE MULTI-EMPLOYER NRECA R&S DEFINED BENEFIT PLAN, AND THE INCREASE IN ACTUARIAL VALUE OF BENEFITS PAYABLE UNDER THE NRECA R&S DEFINED BENEFIT PLAN. THE CHANGE FOR ACTUARIAL VALUE FOR EACH INDIVIDUAL PARTICIPANT IS BASED ON ACTUARIAL DATA AND ASSUMPTIONS. THE ACTUARIAL AMOUNTS INCLUDED IN THIS COLUMN ARE AS FOLLOWS: JEFF SIMPSON ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 115,932 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,784 TOTAL REPORTED IN COLUMN C 119,716 LESS: ACTUARIAL INCREASE 115,932 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 49,344 EXPENSE TO THE COOPERATIVE 53,128 MIKE WOLFE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 67,831 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,319 TOTAL REPORTED IN COLUMN C 70,150 LESS: ACTUARIAL INCREASE 67,831 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 30,121 EXPENSE TO THE COOPERATIVE 32,440 ROBERT REID ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 46,899 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,108 TOTAL REPORTED IN COLUMN C 49,007 LESS: ACTUARIAL INCREASE 46,899 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,384 EXPENSE TO THE COOPERATIVE 29,492 BARRY HOLT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 86,719 EMPLOYER CONTRIBUTION TO 401(K) PLAN 1,842 TOTAL REPORTED IN COLUMN C 88,561 LESS: ACTUARIAL INCREASE 86,719 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 23,824 EXPENSE TO THE COOPERATIVE 25,666 FORM 990, PAGE 6, PART VI, LINE 6 MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A YES FORM 990, PAGE 6, PART VI, LINE 7B YES FORM 990, PAGE 6, PART VI, LINE 11B NO REVIEW WAS OR WILL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 12C PERIODICALLY DISCUSS WITH BOARD MEMBERS AND EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 15A SALARY INFORMATION FROM NRECA UTILIZED AS WELL AS CONSULTANTS AS NECESSARY. FORM 990, PAGE 6, PART VI, LINE 15B SALARY INFORMATION FROM NRECA UTILIZED AS WELL AS CONSULTANTS AS NECESSARY. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST. FORM 990, PART VIII FORM 990, PART IX THE COOPERATIVE'S ACCOUNTING RECORDS ARE MAINTAINED IN ACCORDANCE WITH THE UNIFORM SYSTEM OF ACCOUNTS REQUIRED BY ITS REGULATORY AGENCY. THE UNIFORM SYSTEM OF ACCOUNTS DOES NOT RECORD EXPENSES IN THE EXPENSE CATEGORIES PROVIDED ON PART IX LINES 1-23. THEREFORE, OTHER EXPENSES LINE 24 INCLUDES EXPENSES THAT ARE DESCRIBED IN LINES 1-23, BUT REPORTED USING THE UNIFORM SYSTEM OF ACCOUNTS. FORM 990, PART XI, LINE 9 PATRONAGE CAPITAL ALLOCATED 959,643 OTHER CHANGES IN EQUITY 25,614 INCREASE IN AOCI 705,563 DECREASE IN MEMBERSHIPS -1,070 TOTAL 1,689,750 SOUTHWEST RURAL CHARITABLE FOUNDATI SOUTHWEST RURAL CHARITABLE FOUNDATI 700 N BROADWAY PO BOX 310 TIPTON OK 73570 826949803 DONATIONS OK 501C3 10 SWRE SOUTHWEST RURAL ELECTRIC ASSOCIATIO false false false false false false false false false false false false false false false true true false true false SOUTHWEST RURAL CHARITABLE FOUNDATI SOUTHWEST RURAL CHARITABLE FOUNDATION R 64174