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Filing year 2024

SOUTHWESTERN ELECTRIC COOPERATIVE INC

Greenville, Illinois·EIN 37-0525575·12
Total revenue
$69.8M
Total assets
$195M
Total expenses
$68.8M
Reported officers
17
Mission

THE CORPORATE PURPOSE AND GOAL IS, IN ACCORDANCE WITH AND THROUGH THE AUTHORITY GRANTED BY THE LAWS OF THE STATE OF ILLINOIS AND THE COOPERATIVE'S ARTICLES OF INCORPORATION AND BYLAWS, TO PROVIDE ENERGY AND OTHER SERVICES TO ITS MEMBERS AT THE LOWEST COST CONSISTENT WITH PRUDENT UTILITY PRACTICES.

Executive compensation, broken down

Form 990 · Schedule J · 17 reported individuals · Filing year 2024

Base
$291k
Bonus
Other
$2k
Benefits
$25k
Base
$189k
Bonus
Other
$2k
Benefits
$25k
Maintenance Foreman
highest compensated employee
$219k
$231k
Base
$183k
Bonus
Other
$228
Benefits
$23k
VP of Engineering
vice president
$218k
$231k
Base
$180k
Bonus
Other
$3k
Benefits
$25k
Construction Foreman
highest compensated employee
$208k
$220k
Base
$178k
Bonus
Other
$205
Benefits
$13k
Journeyman Lineman
highest compensated employee
$200k
$211k
Base
$183k
Bonus
Other
$126
Benefits
$13k
Journeyman Lineman
highest compensated employee
$195k
$206k
Base
$176k
Bonus
Other
$170
Benefits
$13k
Director
board member
$26k
$27k
Director
board member
$26k
$27k
$25k
$27k
Director
board member
$25k
$27k
Director
board member
$25k
$27k
Secretary
officer (unspecified)
$25k
$26k
Vice President
vice president
$25k
$26k
Treasurer
officer (unspecified)
$25k
$26k
Director
board member
$25k
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with St. Louis, MO-IL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Held steady
from 2023

From $377k in 2023 to $379k in 2024.

$377k
2023
$379k
2024
In today's dollarsEst.
Down 3% in real terms$411k to $400k

Estimated with St. Louis, MO-IL metro-area CPI-U, restating filed pay into April 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

SOUTHWESTERN ELECTRIC COOPERATIVE INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$63.1M
$61.7M
2023
$69.8M
$68.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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