Nonprofit · EIN 75-0594971
SWISHER ELECTRIC COOPERATIVE INC
Tax-exempt · TULIA, TX 79088
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $23,332,178 | $23,332,178 | $0 | $76,013,975 | $30,142,547 | $45,871,428 |
| December 31, 2024 | 990 | $23,525,553 | $23,492,918 | $32,635 | $74,981,720 | $30,552,500 | $44,429,220 |
| December 31, 2023 | 990 | $29,681,886 | $29,147,678 | $534,208 | $74,088,466 | $29,752,037 | $44,336,429 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $22,577,715
- Investment income
- $716,515
- Net rental income
- $9,180
- Net gain from sales of assets
- $445,321
- Net income from sales of inventory
- $17,284
- Other revenue
- $37,948
Expenses
- Grants and similar amounts paid
- $8,850
- Benefits paid to members
- $1,157,784
- Compensation of officers, directors and key employees
- $725,260
- Other salaries and wages
- $1,990,720
- Salaries, compensation and benefits (total)
- $3,741,778
- Professional fundraising fees
- $0
- Depreciation
- $2,086,699
Balance sheet and other
- Total assets, start of year
- $74,981,720
- Total assets, end of year
- $76,013,975
- Total liabilities, end of year
- $30,142,547
- Net assets, end of year
- $45,871,428
- Land, buildings and equipment
- $43,045,604
- Gross unrelated business income
- -$14,647
- Gross receipts
- $23,589,746
- Employees
- 50
- Volunteers
- 0
- Year formed
- 1939
- State of legal domicile
- TX
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TIMOTHY VARGAS | LINE SUPERINTENDENT Highest-paid employee | 42 | $116,272 | $51,295 |
| HENRY CRUZ JR | DIRECTOR OF OPS & INTERIM GM Officer | 46 | $120,293 | $37,417 |
| HOMERO VEGA | SAFETY COORDINATOR Highest-paid employee | 42 | $104,518 | $49,561 |
| ROBERT STURGESS | FIELD ENGINEER Highest-paid employee | 44 | $105,373 | $47,865 |
| JORGE LARA | FOREMAN Highest-paid employee | 44 | $101,347 | $40,786 |
| ROBERT BOOTH JR | FOREMAN Highest-paid employee | 47 | $102,207 | $34,848 |
| TYGER SIMPSON | DIRECTOR OF FINANCE & ADMIN Officer | 42 | $93,102 | $37,309 |
| PAUL ERICKSON | GM (JAN-APR) Officer | 40 | $70,639 | $51,688 |
| CORY MORTON | CEO (JULY-DEC) Officer | 45 | $90,236 | $23,811 |
| JEFF HARRELL | DIRECTOR Trustee or director | 1.2 | $31,445 | $0 |
| RALPH FROST | DIRECTOR Trustee or director | 1 | $30,664 | $0 |
| DWAIN STRANGE | PRESIDENT Trustee or director, Officer | 1.07 | $30,473 | $0 |
| MACE MIDDLETON | VICE PRESIDENT Trustee or director, Officer | 1 | $30,470 | $0 |
| BILLY COGDELL | ASST. SECRETARY/TREASURE Trustee or director, Officer | 0.8 | $30,461 | $0 |
| JASMINE WATSON | DIRECTOR OF FINANCE & ADMIN (JAN) Officer | 40 | $11,586 | $4,309 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JIMMY BURSON | SECRETARY/TREASURER Trustee or director, Officer | 1.2 | $15,680 |
| BRAD SHARP | DIRECTOR Trustee or director | 1 | $15,677 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DWAIN TIPTON | GENERAL MANAGER Officer | 55 | $247,191 | $115,752 |
| HENRY CRUZ JR | DIRECTOR OF OPS & INTERIM GM Officer | 50 | $110,101 | $83,713 |
| JASMINE WATSON | DIRECTOR OF FINANCE Officer | 40 | $127,155 | $50,131 |
| MICHAEL MARTIN | MGR OF ENGINEERING SVCS Highest-paid employee | 40 | $102,693 | $52,407 |
| ROBERT STURGESS | FOREMAN Highest-paid employee | 60 | $102,800 | $43,072 |
| JEFF HARRELL | DIRECTOR Trustee or director | 2 | $30,099 | $0 |
| DWAIN STRANGE | PRESIDENT Trustee or director, Officer | 1.33 | $29,584 | $0 |
| RALPH FROST | DIRECTOR Trustee or director | 2 | $29,581 | $0 |
| BILLY COGDELL | ASST. SECRETARY/TREASURE Trustee or director, Officer | 1 | $29,575 | $0 |
| MACE MIDDLETON | VICE PRESIDENT Trustee or director, Officer | 1.25 | $29,575 | $0 |
| BRAD SHARP | DIRECTOR Trustee or director | 1.34 | $15,569 | $0 |
| JIMMY BURSON | SECRETARY/TREASURER Trustee or director, Officer | 1 | $15,388 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DWAIN TIPTON | GENERAL MANAGER Officer | 55 | $171,319 | $139,206 |
| MARY ELLEN MCMANUS | DIRECTOR OF ENGINEERING & Highest-paid employee | 40 | $167,111 | $60,256 |
| JASMINE DICKSON | DIRECTOR OF FINANCE Officer | 40 | $109,386 | $60,348 |
| JEFF HARRELL | DIRECTOR Trustee or director | 2.5 | $27,874 | $0 |
| DWAIN STRANGE | PRESIDENT Trustee or director, Officer | 1.33 | $27,392 | $0 |
| BILLY COGDELL | ASSISTANT SECRETARY/TREASU Trustee or director, Officer | 1 | $27,389 | $0 |
| RALPH FROST | DIRECTOR Trustee or director | 2.5 | $27,389 | $0 |
| MACE MIDDLETON | VICE PRESIDENT Trustee or director, Officer | 1 | $27,389 | $0 |
| BRAD SHARP | DIRECTOR Trustee or director | 1.12 | $14,536 | $0 |
| JIMMY BURSON | SECRETARY/TREASURER Trustee or director, Officer | 0.62 | $14,254 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 67, TULIA, TX 79088-0067
- Principal officer (990 for 2025)
- CORY MORTON, PO BOX 67, TULIA, TX 79088
- Signed the 990
- CORY MORTON, GENERAL MANAGER
- Phone
- (806) 995-3567
- Website
- WWW.SWISHERELECTRIC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
TO SUPPLY THE PRESENT AND FUTURE ELECTRICAL SERVICE NEEDS TO ITS MEMBERS IN AN EFFICIENT AND ECONOMICAL MANNER AND TO HAVE A SOUND FINANCIAL BASE IN ORDER TO PROVIDE THE HIGHEST RELIABILITY OF SERVICE WITH INTEGRITY, INNOVATION, ACCOUNTABILITY AND COMMITMENT TO COMMUNITY THEREBY ENHANCING THE QUALITY OF LIFE FOR ALL OUR MEMBERS.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 7,918 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 | 990 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
- 75-0594971
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1942
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $76,013,975
- Income (IRS master file)
- $23,589,746
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $23,332,178 | $23,332,178 | $76,013,975 | XML |
| 990 | December 2024 | $23,525,553 | $23,492,918 | $74,981,720 | XML |
| 990 | December 2023 | $29,681,886 | $29,147,678 | $74,088,466 | XML |
| 990 | December 2022 | $25,409,868 | $25,195,462 | $71,325,380 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 75-0594971).
Questions about SWISHER ELECTRIC COOPERATIVE INC
- What is the EIN of SWISHER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SWISHER ELECTRIC COOPERATIVE INC is 75-0594971.
- Is SWISHER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1942.
- Are donations to SWISHER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SWISHER ELECTRIC COOPERATIVE INC 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 SWISHER ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SWISHER ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SWISHER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names CORY MORTON.
- Who are the officers and directors of SWISHER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 17 received compensation from the organization, the highest $116,272 (TIMOTHY VARGAS, LINE SUPERINTENDENT).
- How much revenue does SWISHER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $23,332,178, expenses of $23,332,178 and total assets of $76,013,975 at year end.
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- N D & MARY REDMON FOUNDATION INC EIN 75-1333002 · last filed 990-PF for 2024
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