2024-09-27T10:13:09-04:00 2023-12-31 731293012 BRISCOE BURKE & GRIGSBY LLP 4120 E 51ST STREET TULSA OK 741353639 990 2023-01-01 730459033 SOUTHWEST RURAL ELECTRIC ASSOC INC SOUT 5806675281 700 N BROADWAY TIPTON OK 735700310 JEFF SIMPSON CEO 5806674445 2024-09-26 true false MICHAEL K BURKE CPA P00054433 9187498337 2024-09-26 2023 2024-10-15 13:58:12Z JEFF SIMPSON 700 N BROADWAY TIPTON OK 73570 22584134 false X WWW.SWRE.COM X 1938 OK TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. 7 7 33 0 0 23560062 22022724 140478 109868 265347 174607 23965887 22307199 1450 19451 959643 2026372 1262764 1252035 0 0 21742030 19009341 23965887 22307199 0 77319715 79300723 43869927 44345123 33449788 34955600 TO PROVIDE ELECTRICITY TO MEMBERS ON A COOPERATIVE BASIS. false false TO PROVIDE ELECTRICITY TO OUR MEMBERS - 7,727 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 34 0 true 33 true false false false false false 20976298 685687 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 700 N BROADWAY 700 N BROADWAY TIPTON OK 73570 JEFF SIMPSON CEO 40.00 X 204765 0 107196 BARRY HOLT MGR OF MBR R 40.00 X 114878 0 109963 MIKE WOLFE MGR OF OPERA 40.00 X 130643 0 76477 KAREN RIVET MANAGER OF F 40.00 X 109298 0 56219 DAN LAMBERT TRUSTEE 16.00 X 49581 0 0 RONNIE SWAN PRESIDENT 7.00 X X 47479 0 0 DON PROCTOR SECRETARY 8.00 X X 36760 0 0 DON ELLIS TRUSTEE 13.00 X 29452 0 0 CARL BROCKRIEDE TRUSTEE 4.00 X 27240 0 0 DAN WHITE TRUSTEE 5.00 X 25404 0 0 DAN ELSENER VICE PRESIDE 3.00 X X 22042 0 0 797542 349855 4 false true false CUSTOM ENERGY SERVICES 27583 HIGHWAY 34 SHARON OK 73857 CONSTRUCTION 746501 1 SALES OF ELECTRICITY 221000 20901401 20901401 PATRONAGE DIVIDENDS 221000 1046426 1046426 SERVICE REVENUE 221000 74897 74897 22022724 108728 108728 9495 9495 9495 9495 1140 1140 1140 1140 442047 276935 165112 165112 22307199 22022724 284475 X 19451 2026372 549919 702116 1353926 1785333 COST OF POWER 11708024 DISTRIBUTION 2462061 CONSUMER EXPENSE 1143178 TAXES 364963 191856 22307199 0 0 0 1611283 416561 1936708 2848752 5135642 4144349 93189 84609 74738108 12298593 60030416 62439515 8478655 9366937 33822 77319715 79300723 1974832 2125216 38865316 39046840 3029779 3173067 43869927 44345123 X 39665 39215 3361893 3449901 30048230 31466484 33449788 34955600 77319715 79300723 X 0 1505812 X false true X true false 129210 129210 2370194 846217 1523977 72238704 11452376 60786328 62439515 9366937 C 9366937 POST RETIREMENT HEALTH CARE 3031662 CONSUMER DEPOSITS 141405 3173067 X 22307199 22307199 22307199 20280827 20280827 2026372 2026372 22307199 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 2,026,372 X X false false false JEFF SIMPSON CEO 198809 5956 104196 3000 311961 BARRY HOLT MGR OF MBR RELATIONS 108535 6343 80946 29017 224841 MIKE WOLFE MGR OF OPERATIONS 127904 2739 47460 29017 207120 KAREN RIVET MANAGER OF FINANCE 105543 3755 27587 28632 165517 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 100,230 EMPLOYER CONTRIBUTION TO 401(K) PLAN 3,966 TOTAL REPORTED IN COLUMN C 104,196 LESS: ACTUARIAL INCREASE 100,230 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 54,786 EXPENSE TO THE COOPERATIVE 58,752 MIKE WOLFE ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 45,026 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,434 TOTAL REPORTED IN COLUMN C 47,460 LESS: ACTUARIAL INCREASE 45,026 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 33,679 EXPENSE TO THE COOPERATIVE 36,113 KAREN RIVET ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 25,487 EMPLOYER CONTRIBUTION TO 401(K) PLAN 2,100 TOTAL REPORTED IN COLUMN C 27,587 LESS: ACTUARIAL INCREASE 25,487 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,842 EXPENSE TO THE COOPERATIVE 28,942 BARRY HOLT ACTUARIAL INCREASE IN DEFINED BENEFIT PLAN 78,973 EMPLOYER CONTRIBUTION TO 401(K) PLAN 1,973 TOTAL REPORTED IN COLUMN C 80,946 LESS: ACTUARIAL INCREASE 78,973 ADD: CASH CONTRIBUTION TO DEFINED BENEFIT PLAN 27,170 EXPENSE TO THE COOPERATIVE 29,143 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 2,026,372 OTHER CHANGES IN EQUITY 303,081 DECREASE IN MEMBERSHIPS -450 DECREASE IN AOCI -215,073 CAPITAL CREDIT RETIREMENTS -608,118 TOTAL 1,505,812 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