Nonprofit · EIN 75-0696759
SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC
Tax-exempt · ELDORADO, TX 76936
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $31,020,616 | $30,789,616 | $231,000 | $94,688,503 | $33,020,245 | $61,668,258 |
| December 31, 2023 | 990 | $28,005,270 | $27,913,270 | $92,000 | $86,379,486 | $28,879,937 | $57,499,549 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $31,725,743
- Investment income
- -$792,942
- Net rental income
- $12,000
- Net gain from sales of assets
- -$1,214,474
- Net income from sales of inventory
- $56,405
- Other revenue
- $87,815
Expenses
- Grants and similar amounts paid
- $14,871
- Benefits paid to members
- $5,476,991
- Compensation of officers, directors and key employees
- $550,682
- Other salaries and wages
- $1,975,239
- Salaries, compensation and benefits (total)
- $3,547,699
- Professional fundraising fees
- $0
- Depreciation
- $2,597,118
Balance sheet and other
- Total assets, start of year
- $86,379,486
- Total assets, end of year
- $94,688,503
- Total liabilities, end of year
- $33,020,245
- Net assets, end of year
- $61,668,258
- Land, buildings and equipment
- $59,141,462
- Gross unrelated business income
- $5,531
- Gross receipts
- $32,508,906
- Employees
- 57
- Volunteers
- 0
- Year formed
- 1941
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM WHITTEN | GENERAL MANAGER Officer | 50 | $230,086 | $35,835 |
| THOMAS MINOR | ACCOUNTING MANAGER Officer | 40 | $116,785 | $25,359 |
| CHARLES JONES | OPERATIONS MANAGER Highest-paid employee | 40 | $115,412 | $25,328 |
| GLORIA SAFONT | IT MANAGER Highest-paid employee | 40 | $106,213 | $32,430 |
| EDMUNDO MARTINEZ | LINE SUPERINTENDENT Highest-paid employee | 41 | $110,047 | $25,035 |
| MARCO GOMEZ | LINE FOREMAN Highest-paid employee | 48 | $111,101 | $22,060 |
| EDDIE ALBIN | MEMBER SERVICES MANAGER Highest-paid employee | 40 | $105,683 | $24,876 |
| KEITH WALLACE | DIRECTOR Trustee or director | 1.5 | $34,197 | $0 |
| DAWSON OWENS | DIRECTOR Trustee or director | 1 | $32,716 | $0 |
| MARY BUCHHOLZ | SECRETARY Trustee or director, Officer | 1.5 | $28,722 | $0 |
| JAMES UHL | DIRECTOR Trustee or director | 1.2 | $13,278 | $0 |
| STEVE WILLIAMS | VICE PRESIDENT Trustee or director, Officer | 3.3 | $11,833 | $0 |
| PAT JACKSON | PRESIDENT Trustee or director, Officer | 3.3 | $11,626 | $0 |
| EUGENE VINSON | TREASURER Trustee or director, Officer | 2 | $10,245 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WILLIAM WHITTEN | GENERAL MANAGER Officer | 50 | $217,527 | $32,718 |
| MARY BUCHHOLZ | SECRETARY Trustee or director, Officer | 1.3 | $32,536 | $0 |
| KEITH WALLACE | DIRECTOR Trustee or director | 1.2 | $32,536 | $0 |
| PAT JACKSON | PRESIDENT Trustee or director, Officer | 3 | $22,987 | $0 |
| JAMES UHL | DIRECTOR Trustee or director | 1 | $13,059 | $0 |
| DAWSON OWENS | DIRECTOR Trustee or director | 1 | $12,587 | $0 |
| STEVE WILLIAMS | VICE PRESIDENT Trustee or director, Officer | 2.8 | $11,758 | $0 |
| EUGENE VINSON | TREASURER Trustee or director, Officer | 1.5 | $9,775 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 677, ELDORADO, TX 76936-0677
- In care of
- % SOUTHWEST TEXAS ELECTRIC COOPERAT
- Principal officer (990 for 2024)
- WILLIAM WHITTEN, PO BOX 677, ELDORADO, TX 769360677
- Signed the 990
- WILLIAM WHITTEN, GENERAL MANAGER
- Phone
- (325) 853-2544
- Website
- WWW.SWTEC.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
IT SHALL BE THE AIM OF SOUTHWEST TEXAS ELECTRIC COOPERATIVE, INC., TO MAKE ELECTRIC ENERGY AVAILABLE TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH SOUND ECONOMY AND GOOD MANAGEMENT.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 9,914 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
- 75-0696759
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $94,688,503
- Income (IRS master file)
- $32,508,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $31,020,616 | $30,789,616 | $94,688,503 | XML |
| 990 | December 2023 | $28,005,270 | $27,913,270 | $86,379,486 | XML |
| 990 | December 2022 | $31,976,695 | $31,909,695 | $83,415,879 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 75-0696759).
Questions about SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC
- What is the EIN of SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC is 75-0696759.
- Is SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1948.
- Are donations to SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHWEST TEXAS 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 SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC 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 TEXAS ELECTRIC COOPERATIVE INC 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 TEXAS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names WILLIAM WHITTEN.
- Who are the officers and directors of SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $230,086 (WILLIAM WHITTEN, GENERAL MANAGER).
- How much revenue does SOUTHWEST TEXAS ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $31,020,616, expenses of $30,789,616 and total assets of $94,688,503 at year end.
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