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Filing year 2024

SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION

Lorman, Mississippi·EIN 64-0244325·501(c)(12)
Total revenue
$65.7M
Total assets
$139.8M
Total expenses
$65.7M
Reported officers
17
Mission

MEMBER OWNED ELECTRIC COOPERATIVE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 17 reported individuals · Filing year 2024

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

CEO
Above 90th percentile
$388k
$412k
Base
$305k
Bonus
$10k
Other
Benefits
$24k
Serviceman
Highest Compensated Employee
Median to 75th percentile
$216k
$229k
Base
$177k
Bonus
$1k
Other
Benefits
$22k
Mgr of Engin
Highest Compensated Employee
Median to 75th percentile
$188k
$199k
Base
$143k
Bonus
$3k
Other
Benefits
$18k
Serviceman
Highest Compensated Employee
Median to 75th percentile
$179k
$190k
Base
$149k
Bonus
$1k
Other
Benefits
$15k
Mgr. of Oper
Highest Compensated Employee
Median to 75th percentile
$174k
$184k
Base
$127k
Bonus
$3k
Other
Benefits
$22k
Crew Leader
Highest Compensated Employee
25th percentile to median
$164k
$174k
Base
$125k
Bonus
$1k
Other
Benefits
$23k
Mgr of Accou
Officer (Unspecified)
$160k
$169k
Base
$128k
Bonus
$2k
Other
Benefits
$9k
President
Below 10th percentile
$14k
$15k
Director
Board Member
25th percentile to median
$9k
$10k
Secretary
Officer (Unspecified)
$8k
$8k
Director
Board Member
25th percentile to median
$8k
$8k
Vice Preside
Vice President
25th percentile to median
$7k
$8k
Director
Board Member
25th percentile to median
$7k
$8k
Assist Secre
Officer (Unspecified)
$7k
$7k
Director
Board Member
25th percentile to median
$7k
$7k
Director
Board Member
25th percentile to median
$6k
$7k
Director
Board Member
25th percentile to median
$6k
$6k

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 6%
from 2023

From $368k in 2023 to $388k in 2024.

$368k
2023
$388k
2024
In today's dollarsEst.
Up 3% in real terms$402k to $412k

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

Chief Executive Officer pay rose 3139% from 2023 to 2024, while revenue rose 4%.

$12k in 2023 to $388k in 2024.
  • Highest Compensated Employee pay rose 6% from 2023 to 2024.
  • Board Member pay fell 9% 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

SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$63.1M
$63.1M
2023
$65.7M
$65.7M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION

What does the Chief Executive Officer of SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION earn?

In 2024, the Chief Executive Officer of SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION received $388,175 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION falls in the top 10%.

What are SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION's revenue and expenses?

In 2024, SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION reported $65.7M in total revenue and $65.7M in total expenses on its IRS Form 990.

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