2024-06-05T15:19:46-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2023-01-01 370525575 SOUTHWESTERN ELECTRIC COOPERATIVE INC SOUT 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 BOBBY WILLIAMS JR CEO 8006378667 2024-06-03 1 BOBBY WILLIAMS JR 999009999 1 KATHERINE LUTZKE CPA P01760889 5072802300 2024-06-03 3 AAL1 IAL1 2023 2023-04-26 12:10:37Z BOBBY WILLIAMS JR 525 US ROUTE 40 GREENVILLE IL 62246 63052962 0 X WWW.SWECI.COM X 1939 IL AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS. 9 9 89 0 0 0 0 0 63364855 61292097 61414 110175 895485 1650690 64321754 63052962 30612 33276 3510653 0 1135923 1126457 0 0 0 59037518 60544140 63714706 61703873 607048 1349089 186571705 194459808 120462733 128537691 66108972 65922117 X THE CORPORATE PURPOSE AND GOAL IS, IN ACCORDANCE WITH AND THROUGH THE AUTHORITY GRANTED BY THE LAWS OF THE STATE OF ILLINOIS AND THE COOPERATIVE'S ARTICLES OF INCORPORATION AND BYLAWS, TO PROVIDE ENERGY AND OTHER SERVICES TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH PRUDENT UTILITY PRACTICES. 0 0 THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO 25,085 MEMBERS IN BOND, MADISON, AND FAYETTE COUNTIES IN ILLINOIS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 37 0 1 89 1 0 0 0 0 0 62468005 1554758 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 1 0 X X X ANNETTE HARTLIEB 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 JERRY GAFFNER PRESIDENT 7.90 X X 25837 0 0 JARED STINE VICE PRESIDENT 5.30 X X 25437 0 0 ANNETTE HARTLIEB SECRETARY 8.60 X X 25737 0 0 SANDRA GRAPPERHAUS TREASURER 5.50 X X 26137 0 0 MARVIN WARNER DIRECTOR 3.60 X 2737 0 22500 SANDRA NEVINGER DIRECTOR 4.50 X 16703 0 0 BRADLEY LURKINS DIRECTOR 5.50 X 8334 0 0 THEODORE WILLMAN DIRECTOR 2.00 X 24537 0 0 WILLIAM JENNINGS DIRECTOR 8.80 X 25937 0 0 ANN SCHWARM DIRECTOR 8.20 X 26637 0 0 BOBBY WILLIAMS JR CEO 50.00 X 280190 0 96324 MARVIN AYALA COO 50.00 X 231146 0 62715 REBECCA JACOBSON CFO 50.00 X 170079 0 55470 RUSSELL GILBERT POWER PLANT GENERAL MANAGER 50.00 X 188109 0 77785 RICHARD MERSINGER MAINTENANCE FOREMAN 49.70 X 170193 0 94316 BRADEN CLARK JOURNEYMAN LINEMAN 49.80 X 170308 0 42280 JOEL LAFRANCE SYSTEM-WIDE TROUBLMAN FOREMAN 50.70 X 171893 0 40202 SCOTT FITZGERALD FOREMAN POLYPHASE METERMAN & TESTER 49.60 X 171246 0 60785 1761197 0 552377 38 0 1 0 ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CLEARANCE 2260760 JF ELECTRIC PO BOX 570 EDWARDSVILLE IL 62025 ELECTRICAL CONTRACTING 1233918 DUNCAN WEINBERG GENZER & PEMBROKE PC 1667 K STREET NW SUITE 700 WASHINGTON DC 20006 UTILITY LEGAL SERVICES 341235 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 POWER SYSTEMS CONSULTING SERVICES 320924 USIC HOLDINGS INC PO BOX 715409 CINCINNATI OH 45271 UTILITY LOCATING SERVICES 136374 5 SALE OF POWER 221000 61292097 61292097 61292097 110175 110175 CAPITAL CREDITS 900099 993118 993118 FORFEITED DISCOUNTS & SERVICE REV 900099 360243 360243 MISCELLANEOUS INCOME 221000 297329 297329 1650690 63052962 62942787 0 110175 23276 10000 1126457 5128712 5713752 COST OF POWER 32425739 DISTRIBUTION EXPENSE - 6256434 ADMIN & GENERAL EXPENSE 6187744 CONSUMER ACCOUNT EXPENS 1691845 3139914 61703873 5300978 9805264 1121329 1129558 6070644 5523964 504664 419531 2292354 3772571 376520 420211 215047383 61924858 148989461 153122525 46544 71852 4604350 4961483 17264861 15232849 186571705 194459808 6199577 5157238 107738556 116393965 6524600 6986488 120462733 128537691 X 0 0 0 0 66108972 65922117 66108972 65922117 186571705 194459808 X 1349089 -1535944 X 0 1 X 1 0 715302 715302 3886799 1122975 2763824 200461851 57917469 142544382 9983431 2884414 7099017 153122525 DEFERRED CHARGES 15218868 ACCRUED INTEREST 13981 15232849 ACCUMULATED PROVISION FOR PENSION & BENEFITS 71852 CONSUMER DEPOSITS 1189625 DEFERRED CREDITS 5725011 6986488 X 63052962 0 63052962 0 63052962 61703873 0 61703873 0 61703873 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (THE CODE). THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2023 AND 2022. 1 ANDERSON HOSPITAL FOUNDATION 6800 STATE ROUTE 162 MARYVILLE IL 62062 274548522 501(C)(3) 5500 0 THE COOPERATIVE SPONSORS A TABLE AT THE ANNUAL CHARITY AUCTION AND A TEAM AT THE ANNUAL GOLF TOURNAMENT. 1 0 ACADEMIC SCHOLARSHIPS 10 10000 PART I, LINE 2: SCHOLARSHIP FUNDS ARE GIVEN TO QUALIFYING RECIPIENTS SELECTED THROUGH AN EXTENSIVE APPLICATION PROCESS CONDUCTED BY THE BOARD OF DIRECTORS SCHOLARSHIP COMMITTEE. ONCE SELECTED, THE FUNDS ARE DISTRIBUTED TO THOSE THAT HAVE EFFECTIVE OVERSIGHT IN THE USE OF THE ASSISTANCE GIVEN, USUALLY THE COLLEGE OR UNIVERSITY. ANY OTHER ASSISTANCE IS PROVIDED FOR A SPECIFIC PURPOSE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. PART III, COLUMN (B): EACH SCHOLARSHIP IS $1,000 X X X X 0 0 0 BOBBY WILLIAMS JR CEO 278100 0 0 0 2090 0 72928 0 23396 0 376514 0 0 0 MARVIN AYALA COO 228973 0 0 0 2173 0 36503 0 26212 0 293861 0 0 0 RUSSELL GILBERT POWER PLANT GENERAL MANAGER 182424 0 0 0 5685 0 51143 0 26642 0 265894 0 0 0 RICHARD MERSINGER MAINTENANCE FOREMAN 169696 0 0 0 497 0 61778 0 32538 0 264509 0 0 0 SCOTT FITZGERALD FOREMAN POLYPHASE METERMAN & TESTER 170749 0 0 0 497 0 28247 0 32538 0 232031 0 0 0 REBECCA JACOBSON CFO 168229 0 0 0 1850 0 27917 0 27553 0 225549 0 0 0 BRADEN CLARK JOURNEYMAN LINEMAN 170188 0 0 0 120 0 9771 0 32509 0 212588 0 0 0 JOEL LAFRANCE SYSTEM-WIDE TROUBLMAN FOREMAN 170964 0 0 0 929 0 5844 0 34358 0 212095 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS REQUIRED. ANY PERSON WHO MEETS THE QUALIFICATIONS FOR MEMBERSHIP, AS OUTLINED IN SECTION 2 OF THE BYLAWS, HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE OR TO RECEIVE DISTRIBUTION OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A PER SECTION 2(A)(2) OF THE BYLAWS "MEMBERS SHALL BE ENTITLED TO VOTE AT ANY MEETING OF THE COOPERATIVE AND SHALL BE ENTITLED TO BE ELECTED A DIRECTOR OF THE COOPERATIVE SUBJECT TO COMPLIANCE WITH THE QUALIFICATIONS STATED IN SECTION 5". FORM 990, PART VI, SECTION A, LINE 7B SECTION 4(C) OF THE BYLAWS COVERS VOTING ON ISSUES DULY PRESENTED TO THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE BY THE CFO, REVIEWED AND APPROVED BY THE CEO AND CFO, AND THEN PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BY THE INHERENT INTIMATE NATURE AMONG ITS MEMBERS, THE BOARD REGULARLY MONITORS THIS POLICY THROUGH DISCUSSION AND INTERACTION WITH THE PUBLIC AND THE MEMBERS OF THE COOPERATIVE. EACH BOARD MEMBER ALSO COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COOPERATIVE PARTICIPATES ANNUALLY IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR AND COMPARE THE RATE OF COMPENSATION FOR ITS CEO. ANNUALLY, EACH DIRECTOR COMPLETES AN EXTENSIVE PERFORMANCE EVALUATION ON THE CEO FOR REVIEW AND DISCUSSION WITH THE COMPLETE BOARD. THE BOARD THEN DETERMINES THE RATE OF COMPENSATION FOR THE CEO. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. THE CEO SETS THE STAFF SALARIES USING DATA FROM THE NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA AND EVALUATION OF JOB PERFORMANCE. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES OBTAINABLE FROM HUMAN RESOURCES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES GOVERNING DOCUMENTS AND POLICIES AVAILABLE TO ITS MEMBERS UPON REQUEST AT THE CORPORATE HEADQUARTERS. THE COOPERATIVE ALSO PLACES BYLAWS/MEMBER GUIDES AND FINANCIALS ON ITS WEBSITE FOR INSPECTION. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -1,548,813. OTHER ADJUSTMENTS 12,869. PATRONAGE DIVIDENDS ALLOCATED 0.