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Filing year 2024

SOUTHWEST ELECTRIC COOPERATIVE

Bolivar, Missouri·EIN 44-0441450·12
Total revenue
$81.7M
Total assets
$206.2M
Total expenses
$75.3M
Reported officers
15
Mission

SOUTHWEST ELECTRIC COOPERATIVE CAME INTO EXISTENCE IN OCTOBER OF 1939 AND HAS BEEN PROVIDING ELECTRICAL SERVICE TO RURAL MEMBERS EVER SINCE. SWEC OWNS 5,565 MILES OF LINE AND SERVES JUST OVER 44,698 METERS IN ELEVEN COUNTIES. SWEC HAS THREE DISTRICT OFFICES. ONE OFFICE IS LOCATED PRESTON, MISSOURI AND A SECOND IS LOCATED JUST NORTH OF SPRINGFIELD, MISSOURI. THE THIRD OFFICE IS SITUATED AT THE JUNCTION OF J AND 7 HIGHWAYS IN CAMDEN COUNTY. SOUTHWEST ELECTRIC IS DEDICATED TO PROVIDING ITS MEMBERS WITH THE BEST SERVICE POSSIBLE.

Executive compensation, broken down

Form 990 · Schedule J · 15 reported individuals · Filing year 2024

Base salaryBonusOther compensationBenefits
Base salaryBonusOther compensationBenefitsExecutive compensation
Ceo/general Manager
officer (unspecified)
$446k
$480k
Chief Engineer
highest compensated employee
$245k
$264k
Manager, Finance and Acc
highest compensated employee
$230k
$247k
Operations Manager
highest compensated employee
$220k
$237k
Journeyman
highest compensated employee
$196k
$211k
Journeyman
highest compensated employee
$191k
$205k
$30k
$32k
Director
board member
$30k
$32k
Asst. Secretary/treasurer
officer (unspecified)
$26k
$28k
Director
board member
$25k
$27k
Secretary/treasurer
officer (unspecified)
$25k
$27k
Director
board member
$25k
$27k
Director
board member
$25k
$27k
Director
board member
$15k
$17k
Vice President
vice president
$5k
$6k

Teal figures restate each filed amount in 2026 dollars.

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

Up 9%
from 2023

From $409k in 2023 to $446k in 2024.

$409k
2023
$446k
2024
In today's dollarsEst.
Up 6% in real terms$452k to $480k

Estimated with BLS CPI-U for the Midwest 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

SOUTHWEST ELECTRIC COOPERATIVE reported revenue and expenses across 2 filing years.

RevenueExpenses
$73M
$69.3M
2023
$81.7M
$75.3M
2024
Total revenue and total expenses from IRS Form 990 filings.
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