2023-11-10T13:16:21-06:00 2022-12-31 FORVIS LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2022-01-01 710166791 SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE CORP % TIFFANY HALTER SOUT 8707722743 P O BOX 1807 TEXARKANA TX 755041807 KECIA WOLF PRESIDENT AND CEO 8707722743 2023-10-16 true KECIA WOLF 000000000 AMBER SHERRILL P00748683 5013721040 2 2022 2023-04-26 12:10:37Z KECIA WOLF 2904 E 9TH ST TEXARKANA AR 718545873 86469995 false X WWW.SWREA.COM X 1937 AR PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE, AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION. 9 9 89 0 -17550914 0 0 26292 73963571 83297047 755704 1142939 388625 -17341205 75107900 67125073 0 0 4539832 4428402 8221509 7959197 0 0 0 62346559 74082396 75107900 86469995 -19344922 239684249 272487208 128233829 159073551 111450420 113413657 PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE, AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION. false false DISTRIBUTION OF ELECTRICITY TO 18,929 MEMBER ACCOUNTS, 30,963 METER. false false false false false false false false false true false true false true false false 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 true true false true 90 0 true 89 true true true false false false false 83997562 3680773 false false false X 9 9 false false false false true true true true true false true true true true true true true true true true false AR X TIFFANY HALTER 8707722743 2904 E 9TH ST TEXARKANA AR 71854 X DION COOPER PRESIDENT & CEO 60.0 0.0 X 275578 0 62899 GEORGE WALL VICE PRESIDENT OF OPERATIONS 45.0 0.0 X 165769 0 62975 KECIA WOLF PRESIDENT AND CEO 45.0 0.0 X 154792 0 57968 KEVIN KENNEDY DIRECTOR OF ENGINEERING 40.0 0.0 X 137856 0 53524 BOBBY FENTON DIRECTOR OF OPERATIONS 40.0 0.0 X 131759 0 53083 GLENN HAYS LINEMAN 50.0 0.0 X 121107 0 41594 JIMMY MCCOY FOREMAN 53.0 0.0 X 132151 0 30399 JEFF NEWTON VICE PRESIDENT OF TECHNOLOGY, 45.0 0.0 X 124326 0 37863 COBIE BEARDEN FOREMAN 48.0 0.0 X 117322 0 35454 RUSSELL PENDERGRAFT CHAIRMAN 4.0 0.0 X X 35833 0 0 WARREN PLYLER DIRECTOR 4.0 0.0 X 35333 0 0 JIM ALFORD DIRECTOR 4.0 0.0 X 33333 0 0 ALAN GREEN VICE CHAIRMAN 4.0 0.0 X X 32833 0 0 ANDY YOUNGBLOOD TREASURER 4.0 0.0 X X 32833 0 0 RICKIE BARNARD DIRECTOR 4.0 0.0 X 31833 0 0 DON STEMPLE DIRECTOR 4.0 0.0 X 21000 0 0 TOMMY ISBELL DIRECTOR 4.0 0.0 X 17010 0 0 JAMIE STEVENS DIRECTOR 4.0 0.0 X 15717 0 0 BRETT RENFRO DIRECTOR 4.0 0.0 X 8885 0 0 1625270 0 435759 27 false true false TEXAR TREE AND TIMBER 8898 HWY 82 TEXARKANA AR 71854 RIGHT OF WAY 625784 AANDS TREE SERVICE P O BOX 1722 TEXARKANA TX 75504 RIGHT OF WAY 930738 DOUBLE J EXCAVATION 1021 WEST SYPERT NASHVILLE AR 71852 FIBER CONSTRUCTION 871113 MDR CONSTRUCTION 621 EAST BAYLIS CHAPEL RD COLUMBIA MS 39429 LINE CONSTRUCTION 3620228 CONEXON 2001 GRAND BLVD STE 700 KANSAS CITY MO 64108 FIBER CONSTRUCTION 2659974 8 X 26292 26292 Sales of Electric Energy 221000 82139805 82139805 G&T Capital Credits 221000 820959 820959 Other Capital Credits 221000 336283 336283 83297047 1027677 120915 906762 0 0 1521474 286842 19344922 -17823448 286842 -17536606 -17823448 286842 115262 115262 115262 115262 0 0 0 0 0 0 0 0 0 MANAGEMENT FEES FROM SWATT 237130 151619 151619 SALES TAX DISCOUNT 900099 37415 37415 REBATES 900099 5967 5967 400 400 195401 67125073 83297047 -17550914 1352648 0 0 0 4428402 1206780 0 5837172 0 0 915245 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4163924 0 6976185 0 Cost of Power 55261636 Distribution Expense 4738075 Admin & General 1611747 Consumer Accounts 1050588 280241 86469995 493198 2241235 18507168 13096646 0 0 9002164 10026078 0 0 0 0 348354 353155 6084607 9051835 2587639 584633 286941385 77282015 178382592 209659370 0 0 24276929 0 0 25072524 0 0 1598 2401732 239684249 272487208 13993109 18813869 0 0 0 0 0 0 0 0 0 0 112360963 138636872 0 0 1879757 1622810 128233829 159073551 X 106556811 108343738 -7410 276757 4901019 4793162 111450420 113413657 239684249 272487208 X -19344922 21308159 X false false false 1954495 1954495 8565600 3875524 4690076 238203602 73406491 164797111 38217688 38217688 209659370 Investment in Associated Orgs 25072524 F 25072524 0 Deferred Credits 468045 CUSTOMER DEPOSITS 1154765 1622810 X X false false false BOBBY FENTON DIRECTOR OF OPERATIONS 124562 0 0 0 7197 0 31288 0 21795 0 184842 0 0 0 GLENN HAYS LINEMAN 117170 0 0 0 3937 0 20122 0 21472 0 162701 0 0 0 JIMMY MCCOY FOREMAN 126340 0 0 0 5811 0 20122 0 10277 0 162550 0 0 0 KEVIN KENNEDY DIRECTOR OF ENGINEERING 129911 0 0 0 7945 0 31685 0 21839 0 191380 0 0 0 COBIE BEARDEN FOREMAN 117041 0 0 0 281 0 14138 0 21316 0 152776 0 0 0 DION COOPER PRESIDENT & CEO 201797 0 0 0 73781 0 42973 0 19926 0 338477 0 0 0 GEORGE WALL VICE PRESIDENT OF OPERATIONS 160642 0 0 0 5127 0 39217 0 23758 0 228744 0 0 0 KECIA WOLF PRESIDENT AND CEO 148490 0 0 0 6302 0 36667 0 21301 0 212760 0 0 0 JEFF NEWTON VICE PRESIDENT OF TECHNOLOGY, 123982 0 0 0 344 0 16891 0 20972 0 162189 0 0 0 SCHEDULE J, PART I, LINE 3 SEE SCHEDULE O FOR EXPLANATION OF PRESIDENT/CEO'S COMPENSATION EVALUATION AND APPROVAL. FORM 990, PART IV, LINES 12A AND PART XII, LINE 2B SOUTHWEST AR ELECTRIC COOPERATIVE CORPORATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. FORM 990, PART VI, SECTION A, LINE 6 THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE CERTAIN DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS VOTE IN ORDER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B AS SET OUT IN THE BYLAWS OF THE ORGANIZATION, THE MEMBERS VOTE, BY BALLOT, ON WHETHER THE COMPANY CAN BE SOLD. FORM 990, PART VI, SECTION B, LINE 11B VP OF FINANCE AND ACCOUNTING REVIEWS THE RETURN INITIALLY. THE GENERAL MANAGER REVIEWS THE RETURN AFTER THE INITIAL REVIEW, FOLLOWED BY THE BOARD'S REVIEW AND APPROVAL FOR MAILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, THE BOARD POLICIES: A) CONFLICT OF INTEREST POLICY B) WHISTLEBLOWER POLICY AND C) DIRECTOR'S DUTIES AND STANDARDS OF CONDUCT; ARE REVIEWED AT A BOARD OF DIRECTORS MEETING. THE REVIEW IS CONDUCTED BY THE COOPERATIVE'S ATTORNEY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS HAS A POLICY ON THE PROCESSES OF PERFORMANCE APPRAISALS, AND DEVELOPMENT PLAN FOR THE PRESIDENT AND CEO. ACCORDING TO POLICY, A FORMAL APPRAISAL TAKES PLACE ANNUALLY. A REVIEW OF COMPENSATION OCCURS DURING THIS FORMAL PROCESS. THE LAST FORMAL APPRAISAL OCCURRED IN OCTOBER 2022, EFFECTIVE JANUARY 2023. AN APPRAISAL OF THE PRESIDENT'S PERFORMANCE OCCURS INFORMALLY ON A MONTHLY BASIS AT BOARD MEETINGS. THE LAST COMPENSATION REVIEW, PERFORMED BY INTANDEM, LLC, OCCURRED OCTOBER 31,2022. FORM 990, PART VI, SECTION B, LINE 15B ALL NON-UNION EMPLOYEES UNDER THE DIRECTION OF THE PRESIDENT ARE GIVEN ANNUAL APPRAISALS. THE PRESIDENT DIRECTLY APPRAISES THE VICE PRESIDENTS. DEPENDING ON THE APPRAISAL AND THE BOARD APPROVED WAGE AND SALARY PLAN, THE APPRAISED EMPLOYEE RECEIVES A SALARY INCREASE. UPON APPROVAL OF THE BOARD OF DIRECTORS, THE WAGE AND SALARY PLAN FOR NON-UNION EMPLOYEES IS UPDATED ANNUALLY BY A WAGE AND SALARY CONSULTANT. THE WAGES AND BENEFITS OF ALL UNION EMPLOYEES UNDER THE DIRECTION OF THE PRESIDENT ARE COVERED BY A COLLECTIVE BARGAINING AGREEMENT. THE CURRENT CONTRACT WENT INTO EFFECT ON AUGUST 1, 2022 AND EXPIRES AUGUST 1, 2026. ANY CHANGES TO THE AGREEMENT ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 CHANGE IN PATRONAGE CAPITAL: 1,786,927 CHANGE IN MEMBERSHIPS: 3,575 PATRONAGE CAPITAL ASSIGNED 4,428,402 OTHER MARGINS & EQUITIES: 284,167 OPERATING MARGINS- PRIOR YEAR: (4,539,834) BOOK TO TAX DEPRECIATION DIFFERENCE 19,344,922 --------------------------------------------------- TOTAL 21,308,159 SOUTHWEST ARKANSAS TELECOM AND TECH 2904 EAST NINTH ST TEXARKANA AR 71854 710661638 TELECOMMUNICATION AR SWAECC C CORP 6059576 7304531 1.00000 true true false false true false false false false false true false false false false true false false false false SOUTHWEST ARKANSAS TELECOMM & TECHNOLOGY A 1642389 FMV SOUTHWEST ARKANSAS TELECOMM & TECHNOLOGY D 2493480 FMV SOUTHWEST ARKANSAS TELECOMM & TECHNOLOGY O 151619 FMV