Overview
What is Southwestern Electric Cooperative Inc?
Southwestern Electric Cooperative Inc, based in Clayton, New Mexico, is a nonprofit organization dedicated to providing electric power to rural areas at a cooperative cost. With approximately 2,900 active meters/services, they allocate patronage capital and sell electricity to their members. The cooperative's mission is to enhance the quality of life for its members by meeting their electrical needs at the highest standard, maintaining competitiveness with other fuel sources and electric suppliers. The organization, employing 21 individuals, ensures the provision of electrical service with a focus on affordability and community engagement.
Official website here: www.swec-coop.org
Is Southwestern Electric Cooperative Inc legitimate?
Southwestern Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Southwestern Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $273,778
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.swec-coop.org
What is the mission statement of Southwestern Electric Cooperative Inc?
Southwestern Electric Cooperative Inc is dedicated to enhancing the living standards of its members by providing them with reliable electric power at competitive costs on a cooperative basis. The cooperative's primary mission is to serve its community by delivering high-quality electrical services while staying competitive with other fuel sources and electric suppliers. Through the cooperative business model, Southwestern Electric Cooperative allocates patronage capital to sell electric power to its members at cost. At the end of the year, there were approximately 2,900 active meters and services connected to the cooperative.
Official website here: www.swec-coop.org
Who is the CEO of Southwestern Electric Cooperative Inc?
Travis Sullivan is the General Mana of Southwestern Electric Cooperative Inc.
Official website here: www.swec-coop.org
What is the revenue of Southwestern Electric Cooperative Inc?
Southwestern Electric Cooperative Inc's revenue in 2022 was $26,872,770.
Official website here: www.swec-coop.org
Who are the executives of Southwestern Electric Cooperative Inc and what are their salaries?
The average compensation at Southwestern Electric Cooperative Inc during 2022 was $13,037. There are 21 employees at Southwestern Electric Cooperative Inc.
Here are 8 key members and their salaries:
- Compensation: $141,048
- Related: $0
- Other: $100,500
- Compensation: $11,327
- Related: $0
- Other: $0
- Compensation: $4,250
- Related: $0
- Other: $0
- Compensation: $4,153
- Related: $0
- Other: $0
- Compensation: $3,750
- Related: $0
- Other: $0
- Compensation: $3,250
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
- Compensation: $2,750
- Related: $0
- Other: $0
Official website here: www.swec-coop.org
Where can I find the form 990 for Southwestern Electric Cooperative Inc?
Southwestern Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swec-coop.org
Learn more at the official website: www.swec-coop.org
Mission Statement of Southwestern Electric Cooperative Inc
Southwestern Electric Cooperative Inc, a cooperative entity, is committed to enhancing the standard of living for its members by providing them with electric power at a cost-effective price. The cooperative's ultimate objective is to ensure the delivery of electrical services at an exceptional standard, maintaining competitiveness with alternative fuel sources and electric suppliers.
By operating on a cooperative basis, Southwestern Electric Cooperative Inc offers its members the benefits of patronage capital. This economic model empowers the cooperative to sell electric power at cost, fostering a sense of community and shared prosperity among its members. With approximately 2,900 active meters/services at the end of the year, the cooperative effectively caters to a sizable community, guaranteeing consistent and reliable power delivery.
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Impact
October, 2024
Southwestern Electric Cooperative Inc plays a crucial role in enhancing the quality of life for its members in rural areas by delivering electric power at cost. This cooperative serves approximately 2,900 active meters in Clayton, NM, ensuring that residents have access to reliable and affordable electricity. By focusing on the allocation of patronage capital, the cooperative maintains its commitment to providing services that are not only competitive with other fuel sources and electric suppliers but also tailored to meet the unique needs of its community. This approach fosters a sense of belonging among members and promotes a higher standard of living through dependable electrical service.
This information is meant to be a general summary of Southwestern Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $43,348
- Program Service Revenue: $26,777,115
- Gross Receipts: $26,872,770
Assets and Liabilities:
- Total Assets: $54,622,985
- Total Liabilities: $24,182,068
- Net Assets: $30,440,917
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ELECTRIC SALES
Revenue
$26,719,158
MISCELLANEOUS ELECTRIC
Revenue
$54,199
CAPTIAL CREDITS
Revenue
$3,758
Organization Details
Founding Year
1947
Phone
(575) 374-2451Principal Officer
Travis Sullivan
Main Address
PO BOX 369, CLAYTON, NM, 884150369
Website
www.swec-coop.orgNTEE Category
Code: W80 - Public benefit
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