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Filing year 2024

Southern Pine Electric Cooperative

Taylorsville, Mississippi·EIN 64-0243969·12
Total revenue
$239.5M
Total assets
$544.8M
Total expenses
$239.5M
Reported officers
21
Mission

The mission of Southern Pine Electric's Board of Directors and employees is to enhance the quality of life of our members and community by safely providing reliable electric energy at an affordable price.

Executive compensation, broken down

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

$566k
$600k
Base
$381k
Bonus
Other
$8k
Benefits
$19k
VP of Engineering
vice president
$343k
$364k
Base
$226k
Bonus
Other
$7k
Benefits
$16k
VP of Operations
vice president
$297k
$315k
Base
$230k
Bonus
Other
$7k
Benefits
$13k
VP of Communications & Gov
vice president
$283k
$300k
Base
$203k
Bonus
Other
$6k
Benefits
$9k
Chief Financial Officer
$275k
$292k
Base
$233k
Bonus
Other
$13k
Benefits
$10k
VP of Administration
vice president
$262k
$278k
Base
$220k
Bonus
Other
$8k
Benefits
$15k
Director of Plant and Faci
highest compensated employee
$246k
$261k
Base
$171k
Bonus
Other
$1k
Benefits
$15k
Director of Supply Chain
highest compensated employee
$217k
$230k
Base
$154k
Bonus
Other
$929
Benefits
$11k
Director
board member
$47k
$50k
Director
board member
$44k
$47k
Chariman/director
officer (unspecified)
$40k
$43k
Secretary/director
officer (unspecified)
$36k
$38k
Director
board member
$36k
$38k
Vice-chairman/director
officer (unspecified)
$32k
$34k
Director
board member
$32k
$34k
Director
board member
$31k
$33k
Director
board member
$31k
$33k
Director
board member
$31k
$32k
Director
board member
$28k
$30k
Director
board member
$21k
$23k
Director
board member
$19k
$20k

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 10%
from 2023

From $516k in 2023 to $566k in 2024.

$516k
2023
$566k
2024
In today's dollarsEst.
Up 7% in real terms$563k to $600k

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

Southern Pine Electric Cooperative reported revenue and expenses across 2 filing years.

RevenueExpenses
$230.7M
$230.7M
2023
$239.5M
$239.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
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