2025-11-14T09:55:57-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2024-01-01 370801403 SOUTHERN ILLINOIS POWER COOPERATIVE SOUT 6189461448 11543 LAKE OF EGYPT ROAD MARION IL 62959 PAUL FURTAK PRESIDENT 6189641448 2025-11-03 1 1 LAWRENCE H MOHR P00447603 6128764500 2025-11-03 2024 2025-03-06 01:10:19Z PAUL FURTAK 11543 LAKE OF EGYPT ROAD MARION IL 62959 195139631 0 X WWW.SIPOWER.ORG X 1948 IL TO DELIVER TO OUR MEMBER SYSTEMS, HIGHLY RELIABLE, REASONABLY-PRICED AND ENVIRONMENTALLY RESPONSIBLE WHOLESALE POWER, FOR THE BENEFIT OF THEIR MEMBERS AND THEIR COMMUNITIES. 28 28 80 0 -24032 2570 0 0 179536585 194124005 1028263 569425 273234 272396 180838082 194965826 0 0 0 0 20647938 20710092 0 0 0 153612365 167777907 174260303 188487999 6577779 6477827 667755111 659211937 523572922 508551921 144182189 150660016 TO DELIVER TO OUR MEMBER SYSTEMS, HIGHLY RELIABLE, REASONABLY-PRICED AND ENVIRONMENTALLY RESPONSIBLE WHOLESALE POWER, FOR THE BENEFIT OF THEIR MEMBERS AND THEIR COMMUNITIES. 0 0 GENERATE AND TRANSMIT ELECTRICITY TO MEMBER DISTRIBUTION COOPERATIVES. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 57 0 80 1 1 1 0 0 0 0 169102104 5846808 0 0 0 X 28 28 1 0 0 0 1 1 0 1 1 1 0 1 1 1 1 1 1 1 1 0 IN X CORINA HORN 6189641448 11543 LAKE OF EGYPT ROAD MARION IL 62959 TOM BEYERS DIRECTOR 2.00 X 9800 0 0 KEVIN LIEFER DIRECTOR 1.00 X 11200 0 0 DONNIE LAIRD DIRECTOR 1.00 X 7700 0 0 RICHARD RUDOLPHI DIRECTOR 2.00 X 12600 0 0 TIM HANKE DIRECTOR 2.00 X 8400 0 0 STEPHEN KALMER DIRECTOR 3.00 X 13300 0 0 RANDALL RUSHING DIRECTOR 3.00 X 14700 0 0 KEN JARRETT DIRECTOR 2.00 X 12600 0 0 RICHARD NEFF DIRECTOR 1.00 X 10500 0 0 BOB PIERSON DIRECTOR 4.00 X 16100 0 0 RICHARD RISTER DIRECTOR 3.00 X 13300 0 0 KATHY WITHERS DIRECTOR 2.00 X 11900 0 0 DALE SCHIERBAUM DIRECTOR 1.00 X 14000 0 0 AMY HOFFMAN-ROHLING DIRECTOR 2.00 X 11200 0 0 BOB KROEGER CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 DUSTIN TRIPP CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 DAVID JOHNSTON CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 ALAN WATTLES CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 LUKE JOHNSON CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 MATT CONKLIN CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 SHANE HERMETZ CO-OP MANAGER/DIRECTOR 0.10 X 0 0 0 GEORGE OBERNAGEL DIRECTOR 1.00 X 11200 0 0 WILLIAM LITTRELL DIRECTOR 6.00 X 16800 0 0 JAMES SCHERRER DIRECTOR 2.00 X 11900 0 0 FRANK HERMAN DIRECTOR 2.00 X 11900 0 0 CARY DICKINSON DIRECTOR 3.00 X 14700 0 0 STEVE PREST DIRECTOR 2.00 X 13300 0 0 SCOTT MILLER DIRECTOR 1.00 X 10500 0 0 SAMUEL PHILLIPS DIRECTOR-OUTGOING 2.00 X 2800 0 0 PAUL FURTAK PRESIDENT & CEO 60.00 X 514005 0 166711 CORINA HORN VP FINANCE & ADMINISTRATION/CFO 50.00 X 172394 0 77009 WENDELL WATSON DIRECTOR OF ENVIRONMENTAL 50.00 X 212324 0 146448 LARRY BURNS VP MARKETS & POWER DELIVERY 50.00 X 202797 0 141256 ROBERT CONN MANAGER GENERATION & FUEL 50.00 X 197800 0 138447 ASHLEY MCCUAN VICE PRESIDENT OF POWER SU 50.00 X 200209 0 136181 BILLIE HOLSHOUSER MANAGER OF HUMAN RESOURCES 50.00 X 153327 0 79363 JAMES COZART SHIFT FOREMAN 52.00 X 172972 0 86845 GARY CHAMNESS SHIFT FOREMAN 51.00 X 173902 0 86699 RYAN BERRY OPERATIONS SUPERINTENDENT 50.00 X 159143 0 85720 MICHAEL STEWART MAINTENANCE SUPERINTENDENT 50.00 X 159129 0 85725 JUSTIN BONNER CONTROL OPERATOR 50.00 X 157420 0 81073 2735822 0 1311477 65 0 1 0 GREG'S TRUCK SERVICE 140 WOLF CREEK ROAD GOREVILLE IL 62939 TRUCKING 2484342 BH ELECTRIC LLC PO BOX 428 CARTERVILLE IL 62918 MECHANICAL LABOR / REPAIRS 1583238 SCHECK INDUSTRIAL CORP PO BOX 19747 PALATINE IL 600559747 MECHANICAL LABOR / REPAIRS 1345686 INTREN 18202 W UNION RD UNION IL 60180 MECHANICAL LABOR / REPAIRS 1191892 TRIANGLE ENTERPRISES 3630 CAIRO ROAD PADUCAH KY 42001 MECHANICAL LABOR / REPAIRS 867330 33 SALE OF ELECTRICITY 221000 193762936 193762936 PROG. RELATED INV. - CFC INTEREST 523000 361069 361069 194124005 643760 -24032 667792 28481 99470 -70989 -70989 -70989 74335 -74335 -74335 -74335 ALLOWANCE FOR FUNDS USED IN CONST 900099 159650 159650 OTHER CAPITAL CREDITS & ALLOCATIO 900099 119265 119265 OTHER INCOME 900099 64470 64470 343385 194965826 194467390 -24032 522468 2538270 10660982 4012186 2808376 690278 161782 107405 2808709 5195 562769 3129752 43353 21753179 25013957 1599269 FUEL FOR GENERATION 51120144 POWER INTERCHANGED 25299202 POWER GENERATION EXPENS 19042604 MAINTENANCE 17130587 188487999 2546496 2648769 17749373 16779014 28818999 37626047 86029504 83371203 877837827 378558552 512328389 499279275 539061 539061 9720314 9459506 10022975 9509062 667755111 659211937 15432317 20126237 20891360 8547512 467711789 456657911 19537456 23220261 523572922 508551921 X 700 700 0 0 144181489 150659316 144182189 150660016 667755111 659211937 6477827 0 X X 0 1 X 1 0 18415973 18415973 843653455 378558552 465094903 15768399 15768399 499279275 POST-RETIREMENT BENEFIT RESERVE 11226694 RESERVE FOR ASSET RETIREMENT OBLIGATION 2350875 ADVANCES IN AID OF CONSTRUCTION 9642692 23220261 X 194891107 0 194891107 74719 74719 194965826 188413280 0 188413280 74719 74719 188487999 PART X, LINE 2: THE COOPERATIVE ADOPTED THE PROVISIONS OF ASC TOPIC 740-10-25, "INCOME TAXES RECOGNITION". WHEN TAX RETURNS ARE FILED, IT IS HIGHLY CERTAIN THAT SOME POSITIONS TAKEN WOULD BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, WHILE OTHER POSITIONS TAKEN OR THE AMOUNT OF THE POSITION TAKEN WOULD NOT BE SUSTAINED. EXAMPLES OF TAX POSITIONS COMMON TO ELECTRIC COOPERATIVES INCLUDE THE ENTITY TAKING A POSITION OF TAX EXEMPT STATUS. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON ALL AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED UPON EXAMINATION. THE PORTION THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNCERTAIN TAX BENEFITS ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AS OF DECEMBER 31, 2024 AND 2023, THE COOPERATIVE HAS DETERMINED THERE WERE NO UNCERTAIN TAX LIABILITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCRETION EXPENSE 74,719. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRETION EXPENSE 74,719. X X X X 0 0 0 PAUL FURTAK PRESIDENT & CEO 514005 0 0 0 0 0 134206 0 32505 0 680716 0 0 0 WENDELL WATSON DIRECTOR OF ENVIRONMENTAL 212324 0 0 0 0 0 116671 0 29777 0 358772 0 0 0 LARRY BURNS VP MARKETS & POWER DELIVERY 202797 0 0 0 0 0 111610 0 29646 0 344053 0 0 0 ASHLEY MCCUAN VICE PRESIDENT OF POWER SU 200209 0 0 0 0 0 106678 0 29503 0 336390 0 0 0 ROBERT CONN MANAGER GENERATION & FUEL 197800 0 0 0 0 0 108874 0 29573 0 336247 0 0 0 GARY CHAMNESS SHIFT FOREMAN 173902 0 0 0 0 0 65394 0 21305 0 260601 0 0 0 JAMES COZART SHIFT FOREMAN 172972 0 0 0 0 0 65520 0 21325 0 259817 0 0 0 CORINA HORN VP FINANCE & ADMINISTRATION/CFO 172394 0 0 0 0 0 75100 0 1909 0 249403 0 0 0 RYAN BERRY OPERATIONS SUPERINTENDENT 159143 0 0 0 0 0 83518 0 2202 0 244863 0 0 0 MICHAEL STEWART MAINTENANCE SUPERINTENDENT 159129 0 0 0 0 0 83518 0 2207 0 244854 0 0 0 JUSTIN BONNER CONTROL OPERATOR 157420 0 0 0 0 0 59889 0 21184 0 238493 0 0 0 BILLIE HOLSHOUSER MANAGER OF HUMAN RESOURCES 153327 0 0 0 0 0 77351 0 2012 0 232690 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 DUSTIN TRIPP (CO-OP MANAGER), WILLIAM LITTRELL (DIRECTOR), DAVID JOHNSTON (CO-OP MANAGER), LUKE JOHNSON (CO-OP MANAGER), KEVIN LIEFER (DIRECTOR), SHANE HERMETZ (CO-OP MANAGER), ALAN WATTLES (CO-OP MANAGER), MATT CONKLIN (CO-OP MANAGER) AND BOB KROEGER (CO-OP MANAGER) HAVE A BUSINESS RELATIONSHIP WITH EACH OTHER THROUGH A COMMON COMPANY. FORM 990, PART VI, SECTION A, LINE 6 SOUTHERN ILLINOIS POWER COOPERATIVE HAS A TOTAL OF SEVEN MEMBERS WHICH ARE ALL ELECTRIC DISTRIBUTION COOPERATIVES. FORM 990, PART VI, SECTION A, LINE 7A EACH OF THE SEVEN MEMBER DISTRIBUTION COOPERATIVES APPOINTS FOUR INDIVIDUALS TO SERVE AS DIRECTORS ON THE SOUTHERN ILLINOIS POWER COOPERATIVE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM FOR MANAGEMENT REVIEW. ONCE COMPLETED, IT IS CIRCULATED TO ALL BOARD MEMBERS FOR FINAL APPROVAL BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C SIPC REQUIRES THAT DIRECTORS AND EMPLOYEES CONDUCT THEMSELVES IN AN ETHICAL MANNER AND AVOID IMPROPER CONDUCT AT ALL TIMES EVEN THOUGH SUCH CONDUCT MAY NOT BE EXPLICITLY PROHIBITED BY THE CONFLICT OF INTEREST POLICY. EMPLOYEES AND DIRECTORS SHALL IMMEDIATELY DISCLOSE ANY SITUATION THEY ARE INVOLVED IN WHICH MAY BE IN VIOLATION OF THIS POLICY, OR WHICH MIGHT POTENTIALLY VIOLATE THE INTENT OF THIS POLICY AT SOME FUTURE DATE. IN THE EVENT THAT ANY DIRECTOR OR EMPLOYEE BELIEVES THAT A VIOLATION OF THIS POLICY OR OTHER ILLEGAL OR UNETHICAL CONDUCT BY ANY EMPLOYEE, OFFICER OR DIRECTOR HAS OCCURRED OR MAY OCCUR, THEY SHALL PROMPTLY CONTACT THE COOPERATIVE'S COMPLIANCE OFFICER, WHO IS THE GENERAL COUNSEL FOR THE COOPERATIVE. INDIVIDUALS WHO FAIL TO COMPLY WITH THE INTENT OF THIS POLICY MAY BE SUBJECT TO DISCIPLINARY ACTION, UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPARABLE COMPENSATION DATA FROM THE MARKET AND THE INDUSTRY IS USED IN SETTING THE COMPENSATION. INDUSTRY TRADE ORGANIZATIONS ASSIST IN THE PROCESS. OTHER OFFICERS AND KEY EMPLOYEE COMPENSATION ARE SET THROUGH ANNUAL PERFORMANCE EVALUATION AND COMPARISON TO INDUSTRY WAGE AND BENEFIT STANDARDS. THE CEO SETS THE COMPENSATION AMOUNT. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND THE FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT AND SELECTION PROCESS FOR THE AUDIT OF THE FINANCIAL STATEMENTS DID NOT CHANGE FROM THE PRIOR YEAR.