2024-09-26T19:38:21-04:00 2023-12-31 743040374 Kelso Lynch PC PA 6700 Squibb Rd Ste 215 Mission KS 662023252 990 2023-01-01 850092760 Southwestern Electric Cooperative Inc SOUT PO Box 369 Clayton NM 884150369 Travis Sullivan General Manager 5753742451 2024-09-26 true true George Lynch P00187596 9138311150 2024-09-26 2023 2024-08-08 14:25:15Z Travis Sullivan 25825552 false X www.swec-coop.org X 1947 NM TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. 7 7 23 0 0 0 26777115 25547022 43348 203135 52307 75395 26872770 25825552 0 546197 594204 273778 322056 0 0 26052795 24909292 26872770 25825552 0 54622985 55307818 24182068 24425449 30440917 30882369 X TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS. false false SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE APPROXIMATELY 2,900 ACTIVE METERS/SERVICES AT YEAR END. false false false false false false false false true false true false false true false true 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 11 0 true 23 true false false false false false 25642182 497572 false false false X 7 7 false false false false true true true true true false false true true false false false false true false false X Travis Sullivan 5753742451 PO Box 369 Clayton NM 884150369 X Travis Sullivan General Manager 50.00 0.00 X 175541 0 103010 Joe Reeser Director 2.00 0.00 X 14299 0 0 Ron Green Director 2.00 0.00 X 8704 0 0 Roy Perschbacher Director 2.00 0.00 X 5503 0 0 Joel Gilbert Director 2.00 0.00 X 5499 0 0 Jack Chetfield Director 2.00 0.00 X 3500 0 0 Mikael Nixon Director 2.00 0.00 X 2750 0 0 Chad Deason Director 2.00 0.00 X 2250 0 0 Renee Rinestine Director 0.00 0.00 X 1000 0 0 219046 0 103010 1 false true false Electric Sales 221000 25309381 25309381 Capital Credits 221000 187037 187037 Miscellaneous Electric 221000 50604 50604 25547022 203135 203135 77496 77496 77496 77496 Miscellaneous 900099 -2101 -2101 -2101 25825552 25544921 0 280631 X 594204 322056 769897 1087118 Cost of Power 20706945 20706945 Distribution Expense 1299606 1299606 Admin & General Expense 563572 563572 Consumer Expense 455675 455675 26479 25825552 0 0 0 2163762 1341232 2350000 2150000 1935375 2731344 13312 10025 20091 43496 213724 371243 43551723 20053953 22945169 23497770 24981552 25162708 54622985 55307818 1875954 2376302 22088477 21179147 870000 217637 24182068 24425449 X 30440917 30882369 30440917 30882369 54622985 55307818 X 0 441452 X false true X true 110314 110314 854639 721876 132763 42586770 19332077 23254693 23497770 Invest in Associated Organizations 25136758 C Subordinated Certificates 25950 C 25162708 X Footnote for uncertain tax position under FIN 48 (Part X) An evaluation of whether or not it has any uncertain tax positions isdetermined on an annual basis by the Cooperative. While the Cooperativebelieves it has adequately provided for all tax positions, amounts assertedby taxing authorities could be different than the positions taken by theCooperative. The Cooperative recognizes any interest and penalties inincome tax expense and, with few exceptions, is no longer subject tofederal, state or local income tax examinations by tax authorities foryears before 2020. X false false false Travis Sullivan General Manager 175541 65976 37034 278551 Members or stockholder classes and rights Part VI line 6 THE COOPERATIVE WAS FORMED BY THE MEMBERS TO PROVIDE ELECTRIC SERVICE AT COST ON A COOPERATIVE BASIS. Member election for additional members Part VI line 7a THE MEMBERS OF THE COOPERATIVE VOTE ON THE BOARD OF TRUSTEES. ELECTIONS ARE DONE ON A ONE MEMBER ONE VOTE BASIS. Governing body decisions Part VI line 7b THE FOLLOWING ACTS REQUIRE APPROVAL OF THE MEMBERS OF THE COOPERATIVE:1. DISSOLUTION/LIQUIDATION OF THE COOPERATIVE2. MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION3. DISPOSAL OF A SUBSTANTIAL PORTION OF THE COOPERATIVES ASSETS4. AMENDMENT TO THE ARTICLES OF INCORPORATION5. AMENDMENT TO THE BYLAWS Form 990 governing body review Part VI line 11 MANAGMENT PROVIDED A COPY OF THE FORM 990 TO THE BOARD FOR REVIEW PRIOR TO FILING. CEO executive director top management comp Part VI line 15a THE BOARD OF TRUSTEES PERFORM AN ANNUAL REVIEW WHEN DETERMINING THE COMPENSATION OF THE COOPERATIVES GENERAL MANAGER.OTHER THAN THE GENERAL MANAGER, THE COOPERATIVE DID NOT HAVE ANY EMPLOYEES MEETING THE DEFINITION OF OFFICER OR KEY EMPLOYEE. THEREFORE, AND PURSUANT TO FORM 990 INSTRUCTIONS, LINE 15B HAS BEEN ANSWERED NO. Governing documents etc available to public Part VI line 19 THE COOPERATIVE WILL PROVIDE A COMPLETE COPY OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS TO ANY MEMBER WHO REQUESTS A COPY OF ANY SUCH DOCUMENT IN WRITING. ANNUALLY THE COOPERATIVE MAILS A COPY OF THE AUDITED BALANCE SHEET AND INCOME STATEMENT TO THE MEMBERS OF THE COOPERATIVE WITH THE ANNUAL REPORT. Explanation of other changes in net assets or fund balances Part XI line 9 Current Year Margins Assigned to Members $ 594,204Other Changes $ 48,466Retirement of Capital Credits $ -201,218 Total $ 441,452 Part III response or note to any other line in Part III Part III, Line 1, Organizations MissionSOUTHWESTERN ELECTRIC COOPERATIVE IS IN EXISTENCE TO PROVIDE A HIGHER STANDARD AND QUALITY OF LIFE TO ITS MEMEBERS BY MEETING THEIR NEEDS. PROVIDING ELECTRICAL SERVICE AT THE HIGHEST STANDARD WHILE REMAINING CONPETITIVE WITH OTHER FUEL SOURCES AND ELECTRIC SUPPLIERS. Part VII response or note to any other line in Part VII SECTION A -THE BOARD OF TRUSTEES CONSIDER THE GENERAL MANAGER TO BE BOTH THE TOP MANAGEMENT OFFICIAL AND THE TOP FINANCIAL OFFICIAL. THEREFORE, ONLY THE GENERAL MANAGER IS LISTED AS AN EMPLOYEE OFFICER. Part IX response or note to any line in Part IX FORM 990, PART IX, LINE 4THE INSTRUCTIONS TO THE 2023 FORM 990 INDICATE THAT ORGANIZATIONS EXEMPT UNDER SECTION 501(C)(12) SHOULD REPORT PATRONAGE DIVIDENDS PAID TO THEIR MEMBERS IN PART IX, LINE 4 OF THE FORM 990. THE COOPERATIVE HAS INTERPRETED THE WORDS PATRONAGE DIVIDENDS PAID IN THE INSTRUCTIONS TO MEAN MARGINS THAT ARE ASSIGNED OR ASSIGNABLE TO THE MEMBERS. THE COOPERATIVE ASSIGNS THE NET MARGINS TO ITS MEMBERS EACH YEAR. THEREFORE, THE AMOUNT LISTED IN PART IX, LINE 4 REPRESENTS THE NET MARGINS ASSIGNABLE TO THE MEMBERS FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2023. SW Elec Coop Education Foundation PO Box 369 Clayton NM 88415 850376832 Scholarships NM 501c3 PF Southwestern Electric Cooperative true Southwestern Propane LLC 21 N 2nd St Clayton NM 88415 920525699 Propane NM N/A C Corp -348492 435392 1.00000 true false false false false false false true false false false false false false true true false true false false SW Elec Coop Education Foundation n NA - Less Than 50000 SW Elec Coop Education Foundation o NA - Less Than 50000 SW Propane LLC g NA - Less Than 50000 SW Propane LLC o NA - Less Than 50000 SW Propane LLC q NA - Less Than 50000