2024-10-04T10:30:15-05:00 2023-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 225 S 6TH ST 2300 MINNEAPOLIS MN 55402 990 2023-01-01 370801403 SOUTHERN ILLINOIS POWER COOPERATIVE SOUT 6189461448 11543 LAKE OF EGYPT ROAD MARION IL 62959 PAUL FURTAK PRESIDENT/CEO 6189461448 2024-10-02 1 1 LAWRENCE H MOHR CPA P00447603 6128764500 2024-09-26 2023 2024-10-15 13:58:12Z PAUL FURTAK 11543 LAKE OF EGYPT ROAD MARION IL 62959 180979194 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 89 0 -13831 0 0 0 190989908 179536585 542132 1028263 292874 273234 191824914 180838082 0 0 0 0 19676538 20647938 0 0 0 165628205 153612365 185304743 174260303 6520171 6577779 670440755 667755111 532836345 523572922 137604410 144182189 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 58 0 89 1 1 1 0 0 0 0 161058152 12417363 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 KEVIN LIEFER DIRECTOR 2.00 X 0 0 0 VICTOR KNIGHT DIRECTOR 2.00 X 0 0 0 GEORGE OBERNAGEL DIRECTOR 1.00 X 0 0 0 WILLIAM LITTRELL DIRECTOR 5.00 X 0 0 0 JAMES SCHERRER DIRECTOR 3.00 X 0 0 0 FRANK HERMAN DIRECTOR 1.00 X 0 0 0 CARY DICKINSON DIRECTOR 2.00 X 0 0 0 TOM BEYERS DIRECTOR 1.00 X 0 0 0 PAUL PYATT DIRECTOR 2.00 X 0 0 0 SAM PHILLIPS DIRECTOR 1.00 X 0 0 0 RICHARD RUDOLPHI DIRECTOR 1.00 X 0 0 0 TIM HANKE DIRECTOR 2.00 X 0 0 0 STEPHEN KALMER DIRECTOR 2.00 X 0 0 0 RANDALL RUSHING DIRECTOR 3.00 X 0 0 0 KEN JARRETT DIRECTOR 2.00 X 0 0 0 RICHARD NEFF DIRECTOR 1.00 X 0 0 0 BOB PIERSON DIRECTOR 2.00 X 0 0 0 RICHARD RISTER DIRECTOR 2.00 X 0 0 0 KATHY WITHERS DIRECTOR 2.00 X 0 0 0 DAVID MARTIN DIRECTOR 2.00 X 0 0 0 AMY HOFFMAN-ROHLING DIRECTOR 1.00 X 0 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 DONALD GULLEY PRESIDENT & CEO 60.00 X 610605 0 163438 PAUL FURTAK VICE PRESIDENT OF ADMIN & FINANCE(CFO) 50.00 X 223790 0 197235 WENDELL WATSON DIRECTOR OF ENVIRONMENTAL SERVICES 50.00 X 209253 0 116369 LARRY BURNS VICE PRESIDENT OF MARKETS & POWER DELIVERY 50.00 X 194582 0 105487 ROBERT CONN MANAGER GENERATION & FUEL 50.00 X 190414 0 107795 ASHLEY MCCUAN VICE PRESIDENT OF POWER SUPPLY 50.00 X 184415 0 72165 JAMES COZART SHIFT FOREMAN 74.00 X 169499 0 75111 GARY CHAMNESS SHIFT FOREMAN 69.00 X 168190 0 85261 JAMES CRABB SYSTEMS OPERATOR 73.00 X 162037 0 86808 CHARLES LEEK SYSTEMS OPERATOR 71.00 X 158406 0 30770 JERRY BEERS SYSTEMS OPERATOR 68.00 X 157783 0 75538 2428974 0 1115977 61 0 1 0 GREG'S TRUCK SERVICE 140 WOLF CREEK ROAD GOREVILLE IL 55320 TRUCKING 2564521 BH ELECTRIC LLC 15460 MOELLERS ROAD SUITEB MARION IL 62959 MECHANICAL LABOR / REPAIRS 2519900 ST COTTER TURBINE SERVICES INC 2167 196TH STREET EAST CLEARWATER MN 55320 MECHANICAL LABOR / REPAIRS 1660768 SCHECK INDUSTRIAL CORP PO BOX 19747 PALATINE IL 600559747 MECHANICAL LABOR / REPAIRS 1114916 POWER SERVICES GROUP INC 125 SW 3RD PL SUITE 300 CAPE CORAL FL 33991 MECHANICAL LABOR / REPAIRS 1046924 31 SALE OF ELECTRICITY 221000 179227359 179227359 PROG. RELATED INV. - CFC INTEREST 523000 309226 309226 179536585 1095058 -13831 1108889 26765 74317 -47552 -47552 -47552 66795 -66795 -66795 -66795 OTHER CAPITAL CREDITS & ALLOCATIO 900099 218427 218427 ALLOWANCE FOR FUNDS USED IN CONST 900099 71162 71162 OTHER INCOME 900099 31197 31197 320786 180838082 179857371 -13831 994542 2375548 12267464 4081167 1144929 778830 189461 104942 2712696 2500 679749 4217083 45385 23205855 25241114 1367665 FUEL FOR GENERATION 42245703 POWER INTERCHANGED 22050434 POWER GENERATION EXPENS 17258746 MAINTENANCE 14291032 174260303 5419059 2546496 17728386 17749373 22405222 28818999 82095070 86029504 868182493 355854104 521801560 512328389 537540 539061 9925022 9720314 10528896 10022975 670440755 667755111 20195204 15432317 20048311 20891360 481142908 467711789 11449922 19537456 532836345 523572922 X 700 700 0 0 137603710 144181489 137604410 144182189 670440755 667755111 6577779 0 X X 0 1 X 1 0 18346058 18346058 830502353 355854104 474648249 19334082 19334082 512328389 POST-RETIREMENT BENEFIT RESERVE 10043642 RESERVE FOR ASSET RETIREMENT OBLIGATION 2275915 ADVANCES IN AID OF CONSTRUCTION 7217899 19537456 X 180727059 0 180727059 111023 111023 180838082 174149280 0 174149280 111023 111023 174260303 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, 2023 AND 2022, THE COOPERATIVE HAS DETERMINED THERE WERE NO UNCERTAIN TAX LIABILITIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCRETION EXPENSE 111,023. PART XII, LINE 4B - OTHER ADJUSTMENTS: ACCRETION EXPENSE 111,023. X X X X 0 0 0 DONALD GULLEY PRESIDENT & CEO 610605 0 0 0 0 0 131126 0 32312 0 774043 0 0 0 PAUL FURTAK VICE PRESIDENT OF ADMIN & FINANCE(CF 223790 0 0 0 0 0 165822 0 31413 0 421025 0 0 0 WENDELL WATSON DIRECTOR OF ENVIRONMENTAL SERVICES 209253 0 0 0 0 0 87130 0 29239 0 325622 0 0 0 LARRY BURNS VICE PRESIDENT OF MARKETS & POWER DE 194582 0 0 0 0 0 76728 0 28759 0 300069 0 0 0 ROBERT CONN MANAGER GENERATION & FUEL 190414 0 0 0 0 0 78764 0 29031 0 298209 0 0 0 ASHLEY MCCUAN VICE PRESIDENT OF POWER SUPPLY 184415 0 0 0 0 0 43605 0 28560 0 256580 0 0 0 GARY CHAMNESS SHIFT FOREMAN 168190 0 0 0 0 0 64623 0 20638 0 253451 0 0 0 JAMES CRABB SYSTEMS OPERATOR 162037 0 0 0 0 0 66170 0 20638 0 248845 0 0 0 JAMES COZART SHIFT FOREMAN 169499 0 0 0 0 0 54454 0 20657 0 244610 0 0 0 JERRY BEERS SYSTEMS OPERATOR 157783 0 0 0 0 0 54881 0 20657 0 233321 0 0 0 CHARLES LEEK SYSTEMS OPERATOR 158406 0 0 0 0 0 9953 0 20817 0 189176 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 VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC DONALD GULLEY - 710 W 2ND STREET, OWENSBORO, KY 42301. 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.