2026-04-27T11:38:24-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 2689 COMMERCE DRIVE NW SUITE 201 ROCHESTER MN 55901 990 2025-01-01 370525575 SOUTHWESTERN ELECTRIC COOPERATIVE INC SOUT 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 BOBBY WILLIAMS JR CEO 8006378667 2026-04-24 1 KATHERINE LUTZKE CPA P01760889 5072802300 2026-04-24 2025 2025-03-06 01:10:19Z BOBBY WILLIAMS JR 525 US ROUTE 40 GREENVILLE IL 62246 77603109 0 X WWW.SWECI.COM X 1939 IL AN ELECTRIC COOPERATIVE THAT PROVIDES ELECTRIC DISTRIBUTION SERVICE TO ITS MEMBERS. 9 9 95 0 0 0 0 0 68470871 74383782 268734 282188 1043753 2937139 69783358 77603109 41279 49620 5087789 2796135 966852 1193875 0 0 0 62746839 70736827 68842759 74776457 940599 2826652 194968118 198708339 124340656 122514193 70627462 76194146 X 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. 0 0 THE COOPERATIVE PROVIDES ELECTRIC SERVICE TO APPROXIMATELY 25,000 ACCOUNTS IN BOND, MADISON, FAYETTE AND EFFINGHAM COUNTIES IN ILLINOIS. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 41 0 1 95 1 0 0 0 0 0 77300615 2633660 0 0 0 X 9 9 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 0 1 1 0 X X X NATHAN TAYLOR 8006378667 525 US ROUTE 40 GREENVILLE IL 62246 JERRY GAFFNER PRESIDENT 10.94 0.00 X X 25951 0 0 JARED STINE VICE PRESIDENT 5.06 0.00 X X 25451 0 0 ANNETTE HARTLIEB SECRETARY 5.31 0.00 X X 24951 0 0 SANDRA GRAPPERHAUS TREASURER 4.04 0.00 X X 25051 0 0 MARVIN WARNER DIRECTOR 4.50 0.00 X 2551 0 0 BRADLEY LURKINS DIRECTOR 5.75 0.00 X 25051 0 0 THEODORE WILLMAN DIRECTOR 1.43 0.00 X 16368 0 0 WILLIAM JENNINGS DIRECTOR 9.04 0.00 X 25751 0 0 ANN SCHWARM DIRECTOR 4.60 0.00 X 25751 0 0 AMY MARCOOT DIRECTOR 2.53 0.00 X 8238 0 0 BOBBY WILLIAMS JR CEO 50.00 0.00 X 311208 0 116965 VICTOR BUEHLER II COO 50.00 0.00 X 215875 0 83807 NATHAN TAYLOR CFO 50.00 0.00 X 214443 0 46464 RICHARD MERSINGER MAINTENANCE FOREMAN 49.25 0.00 X 183767 0 41391 JOEL LAFRANCE TROUBLEMAN FOREMAN 49.23 0.00 X 180966 0 36546 SCOTT FITZGERALD FOREMAN POLYPHASE METERMAN & TESTER 48.54 0.00 X 178809 0 72762 ANDREW WESSEL CONSTRUCTION FOREMAN 48.76 0.00 X 176695 0 43024 KYLE HAILS MAINTENANCE FOREMAN 47.70 0.00 X 176361 0 77994 1843238 0 518953 42 0 1 0 JF ELECTRIC PO BOX 570 EDWARDSVILLE IL 62025 ELECTRICAL CONTRACTING 2039495 ASPLUNDH TREE EXPERT CO 1700 SOLUTIONS CENTER CHICAGO IL 60677 RIGHT OF WAY CLEARANCE 1964333 GDS ASSOCIATES INC 1850 PARKWAY PLACE SUITE 800 MARIETTA GA 30067 POWER SYSTEMS CONSULTING SERVICES 358864 USIC HOLDINGS INC PO BOX 715409 CINCINNATI OH 45271 UTILITY LOCATING SERVICES 290760 COOPERATIVE BUILDING SOLUTIONS 12755 OLIVE BLVD 200 ST LOUIS MO 63141 CONSTRUCTION WORK 214027 7 SALE OF POWER 221000 74383782 74383782 74383782 240587 240587 41601 0 41601 41601 41601 MISCELLANEOUS INCOME 221000 1340597 1340597 CAPITAL CREDITS 900099 1203869 1203869 FORFEITED DISCOUNTS & SERVICE REV 900099 392673 392673 2937139 77603109 77320921 0 282188 44737 4883 2796135 1193875 5239991 5616456 COST OF POWER 41273192 DISTRIBUTION EXPENSE - 8681256 ADMIN & GENERAL EXPENSE 4803507 DISTRIBUTION EXPENSE - 2159282 2963143 74776457 5243292 9723068 5638414 981691 6531456 7901400 524392 259988 5075759 3453306 413180 247039 219316088 61844184 151254246 157471904 98782 128253 6983055 7368973 13205542 11172717 194968118 198708339 6775469 7112191 113190766 113795924 4374421 1606078 124340656 122514193 X 0 0 0 0 70627462 76194146 70627462 76194146 194968118 198708339 X 2826652 2740032 X 0 1 X 1 0 832853 832853 4371142 1237302 3133840 198514288 56191745 142322543 15597805 4415137 11182668 157471904 DEFERRED CHARGES 11159421 ACCRUED INTEREST 13296 11172717 ACCUMULATED PROVISION FOR PENSION & BENEFITS 128253 CONSUMER DEPOSITS 1476691 DEFERRED CREDITS 1134 1606078 X 77603109 0 77603109 0 77603109 71980322 -2796135 -2796135 74776457 0 74776457 PART X, LINE 2: THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE (THE CODE). THE COOPERATIVE EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2025 AND 2024. PART XII, LINE 2D - OTHER ADJUSTMENTS: PATRONAGE DIVIDEND ALLOCATION -2,796,135. 1 ANDERSON HOSPITAL FOUNDATION 6800 STATE ROUTE 162 MARYVILLE IL 62062 274548522 501(C)(3) 10500 0 THE COOPERATIVE SPONSORS A TABLE AT THE ANNUAL CHARITY AUCTION AND A TEAM AT THE ANNUAL GOLF TOURNAMENT. ASSOCIATION OF ILLINOIS ELECTRIC COOPERATIVES 6460 S 6TH STREET FRONTAGE RD E SPRINGFIELD IL 62712 370259803 501(C)(3) 6100 0 YOUTH TOUR WASHINGTON AND YOUTH DAY 2 0 PART I, LINE 2: SCHOLARSHIP FUNDS ARE GIVEN TO QUALIFYING RECIPIENTS SELECTED THROUGH AN EXTENSIVE APPLICATION PROCESS CONDUCTED BY THE BOARD OF DIRECTORS SCHOLARSHIP COMMITTEE. ONCE SELECTED, THE FUNDS ARE DISTRIBUTED TO THOSE THAT HAVE EFFECTIVE OVERSIGHT IN THE USE OF THE ASSISTANCE GIVEN, USUALLY THE COLLEGE OR UNIVERSITY. ANY OTHER ASSISTANCE IS PROVIDED FOR A SPECIFIC PURPOSE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. X X X 0 0 0 BOBBY WILLIAMS JR CEO 311208 0 0 0 0 0 28089 0 88876 0 428173 0 0 0 VICTOR BUEHLER II COO 215875 0 0 0 0 0 27309 0 56498 0 299682 0 0 0 NATHAN TAYLOR CFO 214443 0 0 0 0 0 27318 0 19146 0 260907 0 0 0 KYLE HAILS MAINTENANCE FOREMAN 176361 0 0 0 0 0 34488 0 43506 0 254355 0 0 0 SCOTT FITZGERALD FOREMAN POLYPHASE METERMAN & TESTER 178809 0 0 0 0 0 34680 0 38082 0 251571 0 0 0 RICHARD MERSINGER MAINTENANCE FOREMAN 183767 0 0 0 0 0 35160 0 6231 0 225158 0 0 0 ANDREW WESSEL CONSTRUCTION FOREMAN 176695 0 0 0 0 0 13545 0 29479 0 219719 0 0 0 JOEL LAFRANCE TROUBLEMAN FOREMAN 180966 0 0 0 0 0 30221 0 6325 0 217512 0 0 0 PART I, LINE 3 THE COOPERATIVE PARTICIPATES ANNUALLY IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR AND COMPARE THE RATE OF COMPENSATION FOR ITS CEO. ANNUALLY, EACH DIRECTOR COMPLETES AN EXTENSIVE PERFORMANCE EVALUATION ON THE CEO FOR REVIEW AND DISCUSSION WITH THE COMPLETE BOARD. THE BOARD THEN DETERMINES THE RATE OF COMPENSATION FOR THE CEO. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IS REQUIRED. ANY PERSON WHO MEETS THE QUALIFICATIONS FOR MEMBERSHIP, AS OUTLINED IN SECTION 2 OF THE BYLAWS, HAS THE RIGHT TO PARTICIPATE IN THE ORGANIZATION'S GOVERNANCE OR TO RECEIVE DISTRIBUTION OF INCOME OR ASSETS FROM THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A PER SECTION 2(A)(2) OF THE BYLAWS "MEMBERS SHALL BE ENTITLED TO VOTE AT ANY MEETING OF THE COOPERATIVE AND SHALL BE ENTITLED TO BE ELECTED A DIRECTOR OF THE COOPERATIVE SUBJECT TO COMPLIANCE WITH THE QUALIFICATIONS STATED IN SECTION 5". FORM 990, PART VI, SECTION A, LINE 7B SECTION 4(C) OF THE BYLAWS COVERS VOTING ON ISSUES DULY PRESENTED TO THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY THE INDEPENDENT ACCOUNTING FIRM WITH ASSISTANCE FROM SOUTHWESTERN ELECTRIC, REVIEWED AND APPROVED BY THE CEO AND CFO, AND THEN PRESENTED TO THE BOARD FOR APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BY THE INHERENT INTIMATE NATURE AMONG ITS MEMBERS, THE BOARD REGULARLY MONITORS THIS POLICY THROUGH DISCUSSION AND INTERACTION WITH THE PUBLIC AND THE MEMBERS OF THE COOPERATIVE. EACH BOARD MEMBER ALSO COMPLETES A CONFLICT OF INTEREST FORM ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE COOPERATIVE PARTICIPATES ANNUALLY IN A NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA IN ORDER TO MONITOR AND COMPARE THE RATE OF COMPENSATION FOR ITS CEO. ANNUALLY, EACH DIRECTOR COMPLETES AN EXTENSIVE PERFORMANCE EVALUATION ON THE CEO FOR REVIEW AND DISCUSSION WITH THE COMPLETE BOARD. THE BOARD THEN DETERMINES THE RATE OF COMPENSATION FOR THE CEO. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. THE CEO SETS THE STAFF SALARIES USING DATA FROM THE NATIONAL COMPENSATION STUDY CONDUCTED BY NRECA AND EVALUATION OF JOB PERFORMANCE. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES OBTAINABLE FROM HUMAN RESOURCES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE COOPERATIVE MAKES GOVERNING DOCUMENTS AND POLICIES AVAILABLE TO ITS MEMBERS UPON REQUEST AT THE CORPORATE HEADQUARTERS. THE COOPERATIVE ALSO PLACES BYLAWS/MEMBER GUIDES AND FINANCIALS ON ITS WEBSITE FOR INSPECTION. FORM 990, PART XI, LINE 9: CAPITAL CREDITS RETIRED -4,100,177. OTHER ADJUSTMENTS 4,044,074. PATRONAGE DIVIDENDS ALLOCATED 2,796,135. SOUTHWESTERN ELECTRIC COOPERATIVE COMMUNITY FOUNDATION 525 US ROUTE 40 GREENVILLE IL 62246 995081937 CHARITABLE FOUNDATION IL 501(C)(3) LINE 7 SOUTHWESTERN ELECTRIC COOPERATIVE 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0