Nonprofit · EIN 85-0092760
SOUTHWESTERN ELECTRIC COOPERATIVE INC
Tax-exempt · CLAYTON, NM 88415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $26,682,791 | $26,682,791 | $0 | $57,656,627 | $25,441,815 | $32,214,812 |
| December 31, 2023 | 990 | $25,825,552 | $25,825,552 | $0 | $55,307,818 | $24,425,449 | $30,882,369 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $26,395,440
- Investment income
- $186,334
- Other revenue
- $101,017
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,729,345
- Compensation of officers, directors and key employees
- $325,307
- Salaries, compensation and benefits (total)
- $325,307
- Professional fundraising fees
- $0
- Depreciation
- $1,203,327
Balance sheet and other
- Total assets, start of year
- $55,307,818
- Total assets, end of year
- $57,656,627
- Total liabilities, end of year
- $25,441,815
- Net assets, end of year
- $32,214,812
- Land, buildings and equipment
- $26,716,093
- Gross receipts
- $26,682,791
- Employees
- 24
- Year formed
- 1947
- State of legal domicile
- NM
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 |
|---|---|---|---|---|
| Travis Sullivan | General Manager Officer | 50 | $191,568 | $104,366 |
| Joe Reeser | Director Trustee or director | 2 | $11,632 | $0 |
| Joel Gilbert | Director Trustee or director | 2 | $4,000 | $0 |
| Ron Green | Director Trustee or director | 2 | $3,991 | $0 |
| Chad Deason | Director Trustee or director | 2 | $2,750 | $0 |
| Roy Perschbacher | Director Trustee or director | 2 | $2,500 | $0 |
| Mikael Nixon | Director Trustee or director | 2 | $2,250 | $0 |
| Jack Chetfield | Director Trustee or director | 2 | $2,250 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Travis Sullivan | General Manager Officer | 50 | $175,541 | $103,010 |
| Joe Reeser | Director Trustee or director | 2 | $14,299 | $0 |
| Ron Green | Director Trustee or director | 2 | $8,704 | $0 |
| Roy Perschbacher | Director Trustee or director | 2 | $5,503 | $0 |
| Joel Gilbert | Director Trustee or director | 2 | $5,499 | $0 |
| Jack Chetfield | Director Trustee or director | 2 | $3,500 | $0 |
| Mikael Nixon | Director Trustee or director | 2 | $2,750 | $0 |
| Chad Deason | Director Trustee or director | 2 | $2,250 | $0 |
| Renee Rinestine | Director Trustee or director | 0 | $1,000 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 369, CLAYTON, NM 88415-0369
- In care of
- % TRAVIS SULLIVAN
- Principal officer (990 for 2024)
- Travis Sullivan, PO Box 369, Clayton, NM 884150369
- Signed the 990
- TRAVIS SULLIVAN, General Manager
- Phone
- (575) 374-2451
- Website
- www.swec-coop.org
- Return prepared by
- Kelso Lynch PC PA
Mission
TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.
Program accomplishments
- 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.
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
- 85-0092760
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1962
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $57,656,627
- Income (IRS master file)
- $26,682,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $26,682,791 | $26,682,791 | $57,656,627 | XML |
| 990 | December 2023 | $25,825,552 | $25,825,552 | $55,307,818 | XML |
| 990 | December 2022 | $26,872,770 | $26,872,770 | $54,622,985 | 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 85-0092760).
Questions about SOUTHWESTERN ELECTRIC COOPERATIVE INC
- What is the EIN of SOUTHWESTERN ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SOUTHWESTERN ELECTRIC COOPERATIVE INC is 85-0092760.
- Is SOUTHWESTERN ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1962.
- Are donations to SOUTHWESTERN ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SOUTHWESTERN 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 SOUTHWESTERN 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 SOUTHWESTERN 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 SOUTHWESTERN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names Travis Sullivan.
- Who are the officers and directors of SOUTHWESTERN ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 8 received compensation from the organization, the highest $191,568 (Travis Sullivan, General Manager).
- How much revenue does SOUTHWESTERN ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $26,682,791, expenses of $26,682,791 and total assets of $57,656,627 at year end.
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