Nonprofit · EIN 71-0166791
SOUTHWEST ARKANSAS ELECTRIC COOP CORP
Tax-exempt · TEXARKANA, AR 71854
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $91,044,355 | $89,862,526 | $1,181,829 | $379,833,618 | $240,611,901 | $139,221,717 |
| December 31, 2023 | 990 | $57,874,281 | $78,974,821 | -$21,100,540 | $332,150,322 | $209,865,893 | $122,284,429 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $82,319,340
- Investment income
- $2,678,573
- Net gain from sales of assets
- $190,725
- Other revenue
- $6,046,442
Expenses
- Grants and similar amounts paid
- $7,850
- Benefits paid to members
- $13,527,122
- Compensation of officers, directors and key employees
- $1,615,506
- Other salaries and wages
- $4,659,659
- Salaries, compensation and benefits (total)
- $8,324,057
- Professional fundraising fees
- $0
- Depreciation
- $10,027,829
Balance sheet and other
- Total assets, start of year
- $332,150,322
- Total assets, end of year
- $379,833,618
- Total liabilities, end of year
- $240,611,901
- Net assets, end of year
- $139,221,717
- Land, buildings and equipment
- $324,457,295
- Gross unrelated business income
- $6,854,676
- Gross receipts
- $91,044,355
- Employees
- 90
- Volunteers
- 0
- Year formed
- 1937
- State of legal domicile
- AR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KECIA WOLF | PRESIDENT/CEO Officer | 45 | $234,098 | $81,541 |
| BOBBY FENTON | VP - OPERATIONS Officer | 48 | $166,334 | $118,844 |
| GEORGE WALL | VP - ENGINEERING Officer | 40 | $174,266 | $75,577 |
| KEVIN KENNEDY | DIRECTOR - ENGINEERING Key employee | 40 | $152,833 | $84,548 |
| TODD SPAKES | SERVICEMAN Highest-paid employee | 55 | $155,049 | $57,142 |
| ZACHARY PURIFOY | LINEMAN Highest-paid employee | 53 | $146,392 | $32,045 |
| GLENN HAYS | FOREMAN Highest-paid employee | 51 | $138,745 | $38,805 |
| JOSEPH ROGERS | SERVICEMAN Highest-paid employee | 52 | $135,100 | $39,311 |
| DAKOTA VICKERS | LINEMAN Highest-paid employee | 51 | $144,990 | $22,248 |
| TIFFANY HALTER | VP/CFO Officer | 50 | $88,548 | $14,784 |
| JACQUELINE CARVER | VP/CFO Officer | 50 | $82,128 | $18,971 |
| RUSSELL PENDERGRAFT | CHAIRMAN Trustee or director, Officer | 4 | $42,533 | $0 |
| ALAN GREEN | VICE CHAIRMAN Trustee or director, Officer | 4 | $41,489 | $0 |
| ANDY YOUNGBLOOD | SECRETARY/TREASURER Trustee or director, Officer | 4 | $40,533 | $0 |
| JIM ALFORD | DIRECTOR Trustee or director | 4 | $39,533 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BRETT RENFRO | DIRECTOR Trustee or director | 4 | $36,033 |
| STACY WOMACK | DIRECTOR Trustee or director | 4 | $35,299 |
| PAULA MOUNTS | DIRECTOR Trustee or director | 4 | $31,800 |
| BRANNON COLLIER | DIRECTOR Trustee or director | 4 | $29,324 |
| TOMMY ISBELL | DIRECTOR Trustee or director | 4 | $26,490 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Kecia Wolf | President and CEO Officer | 60 | $213,578 | $64,731 |
| George Wall | Vice President of Engineering Officer | 40 | $168,428 | $64,087 |
| Kevin Kennedy | Director of Engineering Key employee | 40 | $156,034 | $63,289 |
| Bobby Fenton | Vice President of Operations Officer | 45 | $152,788 | $59,153 |
| Joseph Rogers | Lineman Highest-paid employee | 52 | $124,101 | $73,753 |
| Randall Rankin | Manager of Metering and SCADA Highest-paid employee | 40 | $126,822 | $57,249 |
| Todd Spakes | Lineman Highest-paid employee | 52 | $130,209 | $43,525 |
| Jeff Newton | Vice President of IT THRU 9/6/23 Officer | 40 | $125,793 | $47,635 |
| Troy Allen | Lineman Highest-paid employee | 52 | $124,709 | $48,085 |
| Zachary Stafford | Lineman Highest-paid employee | 51 | $133,109 | $31,742 |
| Russell Pendergraft | Chairman Trustee or director, Officer | 4 | $40,715 | $0 |
| Alan Green | Vice Chairman Trustee or director, Officer | 4 | $39,671 | $0 |
| Andy Youngblood | Secretary/Treasurer Trustee or director, Officer | 4 | $38,715 | $0 |
| Jim Alford | Director Trustee or director | 4 | $37,715 | $0 |
| Rickie Barnard | Director Trustee or director | 4 | $35,715 | $0 |
| Brett Renfro | Director Trustee or director | 4 | $32,737 | $0 |
| Tommy Isbell | Director Trustee or director | 4 | $25,704 | $0 |
| Warren Plyler | Director Trustee or director | 4 | $21,841 | $0 |
| Stacy Womack | Director Trustee or director | 4 | $21,822 | $0 |
| Jamie Stevens | Director Trustee or director | 4 | $10,520 | $0 |
| Paula Mounts | Director Trustee or director | 4 | $10,494 | $0 |
Address and contacts
- Address (IRS master file)
- 2904 E 9TH ST, TEXARKANA, AR 71854-5873
- In care of
- % TIFFANY HALTER
- Principal officer (990 for 2024)
- KECIA WOLF, PO BOX 1807, TEXARKANA, TX 755041807
- Signed the 990
- KECIA WOLF, PRESIDENT/CEO
- Phone
- (870) 772-2743
- Website
- WWW.SWREA.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 29,336 ACTIVE SERVICES AT YEAR END.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0166791
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $379,833,618
- Income (IRS master file)
- $91,044,355
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $91,044,355 | $89,862,526 | $379,833,618 | XML |
| 990 | December 2023 | $57,874,281 | $78,974,821 | $332,150,322 | XML |
| 990 | December 2022 | $67,125,073 | $86,469,995 | $272,487,208 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0166791).
Questions about SOUTHWEST ARKANSAS ELECTRIC COOP CORP
- What is the EIN of SOUTHWEST ARKANSAS ELECTRIC COOP CORP?
- The employer identification number (EIN) of SOUTHWEST ARKANSAS ELECTRIC COOP CORP is 71-0166791.
- Is SOUTHWEST ARKANSAS ELECTRIC COOP CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1944.
- Are donations to SOUTHWEST ARKANSAS ELECTRIC COOP CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHWEST ARKANSAS ELECTRIC COOP CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWEST ARKANSAS ELECTRIC COOP CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWEST ARKANSAS ELECTRIC COOP CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SOUTHWEST ARKANSAS ELECTRIC COOP CORP?
- The 990 for the year ended December 31, 2024 names KECIA WOLF.
- Who are the officers and directors of SOUTHWEST ARKANSAS ELECTRIC COOP CORP?
- The 990 for the year ended December 31, 2024 lists 20 people; 20 received compensation from the organization, the highest $234,098 (KECIA WOLF, PRESIDENT/CEO).
- How much revenue does SOUTHWEST ARKANSAS ELECTRIC COOP CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $91,044,355, expenses of $89,862,526 and total assets of $379,833,618 at year end.
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