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Filing year 2024

SOUTH PLAINS ELECTRIC COOPERATIVE INC

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

Executive compensation, broken down

Form 990 · Schedule J · 21 reported individuals · Filing year 2024

Assistant General Manager
officer (unspecified)
$646k
$685k
Base
$329k
Bonus
$5k
Other
$38k
Benefits
$27k
Executive Vp/general Manag
officer (unspecified)
$557k
$591k
Base
$360k
Bonus
$7k
Other
$74k
Benefits
$28k
Chief Financial Officer
$347k
$368k
Base
$218k
Bonus
$6k
Other
$40k
Benefits
$37k
Manager of Member Services
highest compensated employee
$297k
$315k
Base
$168k
Bonus
$3k
Other
$79k
Benefits
$11k
Director of Communications
director (operational)
$292k
$310k
Base
$199k
Bonus
$6k
Other
$22k
Benefits
$14k
Director of Human Resource
highest compensated employee
$288k
$306k
Base
$205k
Bonus
$6k
Other
$21k
Benefits
$16k
Lubbock Division Manager
highest compensated employee
$285k
$302k
Base
$185k
Bonus
$5k
Other
$23k
Benefits
$27k
General Counsel/director Corp Affairs
highest compensated employee
$275k
$292k
Base
$209k
Bonus
$5k
Other
$31k
Benefits
$3k
Director
board member
$34k
$36k
Vice President
vice president
$33k
$35k
Director
board member
$33k
$35k
Director
board member
$31k
$32k
Director
board member
$30k
$32k
Secretary/treasurer
officer (unspecified)
$30k
$31k
Assistant Secretary/treasu
officer (unspecified)
$30k
$31k
Director
board member
$29k
$31k
Director
board member
$27k
$29k
$27k
$29k
Director
board member
$27k
$28k
Director (jan-aug)
board member
$17k
$18k
Director (aug-dec)
board member
$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.

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.
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