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Filing year 2024

SOUTHWEST MISSISSIPPI ELECTRIC POWER ASSOCIATION

Lorman, Mississippi·EIN 64-0244325·12
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 · Schedule J · 17 reported individuals · Filing year 2024

Base
$305k
Bonus
$10k
Other
Benefits
$24k
Serviceman
highest compensated employee
$216k
$229k
Base
$177k
Bonus
$1k
Other
Benefits
$22k
Mgr of Engin
highest compensated employee
$188k
$199k
Base
$143k
Bonus
$3k
Other
Benefits
$18k
Serviceman
highest compensated employee
$179k
$190k
Base
$149k
Bonus
$1k
Other
Benefits
$15k
Mgr. of Oper
highest compensated employee
$174k
$184k
Base
$127k
Bonus
$3k
Other
Benefits
$22k
Crew Leader
highest compensated employee
$164k
$174k
Base
$125k
Bonus
$1k
Other
Benefits
$23k
Mgr of Accou
officer (unspecified)
$160k
$169k
Base
$128k
Bonus
$2k
Other
Benefits
$9k
$14k
$15k
Director
board member
$9k
$10k
Secretary
officer (unspecified)
$8k
$8k
Director
board member
$8k
$8k
Vice Preside
vice president
$7k
$8k
Director
board member
$7k
$8k
Assist Secre
officer (unspecified)
$7k
$7k
Director
board member
$7k
$7k
Director
board member
$6k
$7k
Director
board member
$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.

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.
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