NonprofitsSouth Plains Electric Cooperative Inc

South Plains Electric Cooperative Inc

LUBBOCK, TX

Total revenue

$167.6M

Total expenses

$169.2M

Net assets

$230.5M

Grants received

EIN

750569260

Tax year

2024

Mission

To provide electric energy to members at cost on a cooperative basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$168.9M
Investment income
Other revenue$445K
Total revenue$167.6M

Expenses

Grants paid$297K
Salaries & benefits$20.4M
Fundraising
Other expenses$145.0M
Total expenses$169.2M
Total assets$563.8M
Net assets$230.5M

People

21 listed

NameRoleCompensation

LARRY DALE ANCELL

EXECUTIVE VP/GENERAL MANAG

Board

$440K

42 hrs/wk

JOHN RANDAL BAILEY

ASSISTANT GENERAL MANAGER

Board

$372K

42 hrs/wk

SHANE ADAMS

CHIEF FINANCIAL OFFICER

Board

$264K

45 hrs/wk

LLOYD ARTHUR

DIRECTOR

Board

$34K

14.8 hrs/wk

DANNY STANTON

VICE PRESIDENT

Board

$33K

19.9 hrs/wk

BRENT WHITAKER

DIRECTOR

Board

$33K

13.7 hrs/wk

LARRY BROWNING

DIRECTOR

Board

$31K

13.7 hrs/wk

JOE MCFERRIN

DIRECTOR

Board

$30K

15.8 hrs/wk

SCOTT MARTIN

SECRETARY/TREASURER

Board

$30K

14.7 hrs/wk

RYNN TRUETT

ASSISTANT SECRETARY/TREASU

Board

$30K

15.5 hrs/wk

JAMIE MCNEILL

DIRECTOR

Board

$29K

13.5 hrs/wk

DAVID GOSSETT

DIRECTOR

Board

$27K

14.4 hrs/wk

BOBBY RICHEY

PRESIDENT

Board

$27K

21.4 hrs/wk

BENNY NIXON

DIRECTOR

Board

$27K

12.7 hrs/wk

RD MCCALLISTER

DIRECTOR (JAN-AUG)

Board

$17K

12.9 hrs/wk

DEWAYNE MCCALLISTER

DIRECTOR (AUG-DEC)

Board

$15K

19.8 hrs/wk

RANDY MCGEE

MANAGER OF MEMBER SERVICES

Staff

$250K

40 hrs/wk

JAMEY PHILLIPS

GENERAL COUNSEL/DIRECTOR CORP AFFAIRS

Staff

$245K

40 hrs/wk

TAHNEE TRUITT

DIRECTOR OF HUMAN RESOURCE

Staff

$232K

40 hrs/wk

LYNN SIMMONS

DIRECTOR OF COMMUNICATIONS

Staff

$228K

40 hrs/wk

JON HENSON

LUBBOCK DIVISION MANAGER

Staff

$213K

40 hrs/wk

Independent contractors

PRIMARY UTILITY SERVICES LLC

CONSTRUCTION CONTRACTOR

$7.7M

SIEGEL CONSTRUCTION INC

CONSTRUCTION CONTRACTOR

$3.9M

TEINERT CONSTRUCTION

CONSTRUCTION CONTRACTOR

$3.1M

MERIDIAN COOPERATIVE INC

SOFTWARE & TECHNOLOGY

$1.8M

ECHO POWERLINE LLC

CONSTRUCTION CONTRACTOR

$887K

Details

EIN750569260
Subsection12
Ruling date1943-02
Formed1943
Employees205
Volunteers0
SOUTH PLAINS ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo