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Filing year 2024

SOUTH PLAINS ELECTRIC COOPERATIVE INC

Lubbock, Texas·EIN 75-0569260·501(c)(12)
Total revenue
$167.6M
Total assets
$563.8M
Total expenses
$169.2M
Reported officers
21

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 21 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Assistant General Manager
General Manager
Above 90th percentile
$646k
$685k
Base
$329k
Bonus
$5k
Other
$38k
Benefits
$27k
Executive Vp/general Manag
Vice President
Above 90th percentile
$557k
$591k
Base
$360k
Bonus
$7k
Other
$74k
Benefits
$28k
Chief Financial Officer
Above 90th percentile
$347k
$368k
Base
$218k
Bonus
$6k
Other
$40k
Benefits
$37k
Manager of Member Services
Highest Compensated Employee
75th to 90th percentile
$297k
$315k
Base
$168k
Bonus
$3k
Other
$79k
Benefits
$11k
Director of Communications
Director (Operational)
Above 90th percentile
$292k
$310k
Base
$199k
Bonus
$6k
Other
$22k
Benefits
$14k
Director of Human Resource
Highest Compensated Employee
75th to 90th percentile
$288k
$306k
Base
$205k
Bonus
$6k
Other
$21k
Benefits
$16k
Lubbock Division Manager
Highest Compensated Employee
75th to 90th percentile
$285k
$302k
Base
$185k
Bonus
$5k
Other
$23k
Benefits
$27k
General Counsel/director Corp Affairs
Highest Compensated Employee
75th to 90th percentile
$275k
$292k
Base
$209k
Bonus
$5k
Other
$31k
Benefits
$3k
Director
Board Member
Median to 75th percentile
$34k
$36k
Vice President
25th percentile to median
$33k
$35k
Director
Board Member
Median to 75th percentile
$33k
$35k
Director
Board Member
Median to 75th percentile
$31k
$32k
Director
Board Member
Median to 75th percentile
$30k
$32k
Secretary/treasurer
Officer (Unspecified)
$30k
$31k
Assistant Secretary/treasu
Officer (Unspecified)
$30k
$31k
Director
Board Member
Median to 75th percentile
$29k
$31k
Director
Board Member
Median to 75th percentile
$27k
$29k
President
10th to 25th percentile
$27k
$29k
Director
Board Member
Median to 75th percentile
$27k
$28k
Director (jan-aug)
Board Member
Median to 75th percentile
$17k
$18k
Director (aug-dec)
Board Member
25th percentile to median
$15k
$16k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 13%
from 2023

From $571k in 2023 to $646k in 2024.

$571k
2023
$646k
2024
In today's dollarsEst.
Up 10% in real terms$623k to $685k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

General Manager pay rose 13% from 2023 to 2024, while revenue fell 12%.

$571k in 2023 to $646k in 2024.
  • Vice President pay rose 18% from 2023 to 2024.
  • Chief Financial Officer pay rose 17% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOUTH PLAINS ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$191.2M
$192.7M
2023
$167.6M
$169.2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTH PLAINS ELECTRIC COOPERATIVE INC

What does the General Manager of SOUTH PLAINS ELECTRIC COOPERATIVE INC earn?

In 2024, the General Manager of SOUTH PLAINS ELECTRIC COOPERATIVE INC received $645,771 in total compensation. This pay is in the top 10% for General Manager roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does General Manager pay at SOUTH PLAINS ELECTRIC COOPERATIVE INC compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the General Manager at SOUTH PLAINS ELECTRIC COOPERATIVE INC falls in the top 10%.

What are SOUTH PLAINS ELECTRIC COOPERATIVE INC's revenue and expenses?

In 2024, SOUTH PLAINS ELECTRIC COOPERATIVE INC reported $167.6M in total revenue and $169.2M in total expenses on its IRS Form 990.

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