2024-11-07T17:21:22+00:00 2023-12-31 440160260 Forvis Mazars LLP PO Box 3667 Little Rock AR 722033667 990 2023-01-01 710166791 Southwest Arkansas Electric Cooperative Corp SOUT 8707722743 PO BOX 1807 TEXARKANA TX 755041807 KECIA WOLF PRESIDENT AND CEO 8707722743 2024-11-07 true true Amber Sherrill P00748683 5013721040 2024-11-15 2023 2024-10-15 13:58:12Z KECIA WOLF 2904 E 9TH ST TEXARKANA AR 718545873 79016588 false X WWW.SWREA.COM X 1937 AR PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE, AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION. 9 9 93 0 -17011485 0 26292 0 83297047 73254609 1142939 1903534 -17341205 -17283862 67125073 57874281 0 0 4428402 8849375 7959197 7604175 0 0 0 74082396 62521271 86469995 78974821 -19344922 -21100540 272487208 332150322 159073551 209865893 113413657 122284429 PROVIDE FIRST CLASS ELECTRIC SERVICE TO THE MEMBERSHIP AT A VALUED PRICE, AND TO PROVIDE OTHER SERVICES THAT ADD VALUE TO THE ORGANIZATION. false false DISTRIBUTION OF ELECTRICITY TO 19,007 MEMBER ACCOUNTS, 31,910 METERS 0 false false false false false false false false true false true false true false false false false false false false false false false false false false false true false false false false false false false false false false false true true true false true 81 0 true 93 true true true false false false false 72453229 6344669 false false false X 9 9 false false false false true true true true true false true true true true true true true true true true false AR X JACQUELINE CARVER 8707722743 2904 E 9TH ST TEXARKANA AR 71854 Alan Green Vice Chairman 4.0 0.0 X X 39671 0 0 Andy Youngblood Secretary/Treasurer 4.0 0.0 X X 38715 0 0 Russell Pendergraft Chairman 4.0 0.0 X X 40715 0 0 Brett Renfro Director 4.0 0.0 X 32737 0 0 Jamie Stevens Director 4.0 0.0 X 10520 0 0 Jim Alford Director 4.0 0.0 X 37715 0 0 Paula Mounts Director 4.0 0.0 X 10494 0 0 Rickie Barnard Director 4.0 0.0 X 35715 0 0 Stacy Womack Director 4.0 0.0 X 21822 0 0 Tommy Isbell Director 4.0 0.0 X 25704 0 0 Warren Plyler Director 4.0 0.0 X 21841 0 0 Bobby Fenton Vice President of Operations 45.0 0.0 X 152788 0 59153 George Wall Vice President of Engineering 40.0 0.0 X 168428 0 64087 Jeff Newton Vice President of IT THRU 9/6/23 40.0 0.0 X 125793 0 47635 Kecia Wolf President and CEO 60.0 0.0 X 213578 0 64731 Kevin Kennedy Director of Engineering 40.0 0.0 X 156034 0 63289 Joseph Rogers Lineman 52.0 0.0 X 124101 0 73753 Randall Rankin Manager of Metering and SCADA 40.0 0.0 X 126822 0 57249 Todd Spakes Lineman 52.0 0.0 X 130209 0 43525 Troy Allen Lineman 52.0 0.0 X 124709 0 48085 Zachary Stafford Lineman 51.0 0.0 X 133109 0 31742 1771220 0 553249 46 false true false MDR Construction 621 EAST BAYLIS CHAPEL RD Columbia MS 39429 Line Construction 8219058 Conexon LLC 2001 Grand Blvd Ste 700 Kansas City MO 64108 Consulting and System Design 3671067 Double J Excavation PO Box 564 Nashville AR 71852 Fiber Construction 1363623 A & S Tree Service 1077 Miller County 62 Texarkana AR 71854 Right of Way 1108734 Texar Tree and Timber 617 East Street Texarkana AR 71854 Right of Way 1023800 10 0 0 0 0 0 0 0 0 SALES OF ELECTRIC ENERGY 221000 72131985 72131985 0 0 G&T CAPITAL CREDITS 221000 801380 801380 0 0 OTHER CAPITAL CREDITS 221000 321244 321244 0 0 0 0 0 0 73254609 1750476 0 540191 1210285 0 0 0 0 0 0 0 0 3423909 218690 21142307 0 -17718398 218690 -17499708 0 -17718398 218690 0 153058 0 0 0 153058 153058 0 0 153058 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MANAGEMENT FEES FROM SWATT 237130 166722 0 166722 0 SALES TAX DISCOUNTS 900099 33687 0 0 33687 REBATES 900099 7199 0 0 7199 8238 0 0 8238 215846 57874281 73254609 -17011485 1631157 0 0 0 8849375 1431163 0 4935320 0 0 1237692 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6065285 0 7587397 0 COST OF POWER 39584296 DISTRIBUTION EXPENSE 5742376 ADMIN & GENERAL 1699057 CONSUMER ACCOUNTS 1264804 578056 78974821 2241235 1787710 13096646 19715705 0 0 10026078 15775606 0 0 0 0 353155 457377 9051835 8843686 584633 1434343 333547454 79964428 209659370 253583026 0 0 0 25072524 27816805 0 0 2401732 2736064 272487208 332150322 18813869 19051767 0 0 0 0 0 0 0 0 0 0 138636872 189128520 0 0 1622810 1685606 159073551 209865893 0 0 0 0 108343738 112745052 276757 323303 4793162 9216074 113413657 122284429 272487208 332150322 X -21100540 0 0 0 0 29971312 X false false false 0 1954495 1954495 0 8633427 4055116 4578311 0 0 0 0 0 264158304 75909312 188248992 0 58801228 0 58801228 253583026 INVESTMENT IN ASSOCIATED ORGS 27816805 F 27816805 DEFERRED CREDITS 518061 CUSTOMER DEPOSITS 1167545 1685606 X X false false false Kecia Wolf President and CEO 196450 0 0 0 17128 0 40820 0 23911 0 278309 0 0 0 George Wall Vice President of Engineering 164387 0 0 0 4041 0 40409 0 23678 0 232515 0 0 0 Bobby Fenton Vice President of Operations 136408 0 0 0 16380 0 33271 0 25882 0 211941 0 0 0 Jeff Newton Vice President of IT THRU 9/6/23 105071 0 0 0 20722 0 25257 0 22378 0 173428 0 0 0 Kevin Kennedy Director of Engineering 129706 0 0 0 26328 0 33510 0 29779 0 219323 0 0 0 Joseph Rogers Lineman 120203 0 0 0 3898 0 44661 0 29092 0 197854 0 0 0 Randall Rankin Manager of Metering and SCADA 115618 0 0 0 11204 0 29978 0 27271 0 184071 0 0 0 Todd Spakes Lineman 122563 0 0 0 7646 0 20070 0 23455 0 173734 0 0 0 Troy Allen Lineman 123345 0 0 0 1364 0 20070 0 28015 0 172794 0 0 0 Zachary Stafford Lineman 132603 0 0 0 506 0 20070 0 11672 0 164851 0 0 0 Schedule J, Part I, Line 3 SEE SCHEDULE O FOR EXPLANATION OF PRESIDENT/CEO'S COMPENSATION EVALUATION AND APPROVAL. Form 990, Part IV, Line 12a AND PART XII, LINE 2B SOUTHWEST AR ELECTRIC COOPERATIVE CORPORATION'S FINANCIAL STATEMENTS ARE AUDITED BY AN INDEPENDENT ACCOUNTANT ON A FISCAL YEAR BASIS AND THE TAX RETURN IS COMPLETED ON A CALENDAR YEAR BASIS. Form 990, Part VI, Line 6 Classes of members or stockholders THERE IS ONLY ONE CLASS OF MEMBERS. ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS ELECT THE GOVERNING BODY AND APPROVE CERTAIN DECISIONS OF THE GOVERNING BODY. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS VOTE IN ORDER TO ELECT THE MEMBERS OF THE GOVERNING BODY. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders AS SET OUT IN THE BYLAWS OF THE ORGANIZATION, THE MEMBERS VOTE, BY BALLOT, ON WHETHER THE COMPANY CAN BE SOLD. Form 990, Part VI, Line 11b Review of form 990 by governing body VP OF FINANCE AND ACCOUNTING REVIEWS THE RETURN INITIALLY. THE GENERAL MANAGER REVIEWS THE RETURN AFTER THE INITIAL REVIEW, FOLLOWED BY THE BOARD'S REVIEW AND APPROVAL FOR MAILING. Form 990, Part VI, Line 12c Conflict of interest policy ANNUALLY, THE BOARD POLICIES: A) CONFLICT OF INTEREST POLICY B) WHISTLEBLOWER POLICY AND C) DIRECTOR'S DUTIES AND STANDARDS OF CONDUCT; ARE REVIEWED AT A BOARD OF DIRECTORS MEETING. THE REVIEW IS CONDUCTED BY THE COOPERATIVE'S ATTORNEY. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE BOARD OF DIRECTORS HAS A POLICY ON THE PROCESSES OF PERFORMANCE APPRAISALS, AND DEVELOPMENT PLAN FOR THE PRESIDENT AND CEO. ACCORDING TO POLICY, A FORMAL APPRAISAL TAKES PLACE ANNUALLY. A REVIEW OF COMPENSATION OCCURS DURING THIS FORMAL PROCESS. THE LAST FORMAL APPRAISAL OCCURRED IN OCTOBER 2022, EFFECTIVE JANUARY 2023. AN APPRAISAL OF THE PRESIDENT'S PERFORMANCE OCCURS INFORMALLY ON A MONTHLY BASIS AT BOARD MEETINGS. THE LAST COMPENSATION REVIEW, PERFORMED BY INTANDEM, LLC, OCCURRED OCTOBER 31, 2023. Form 990, Part VI, Line 15b Process to establish compensation of other employees ALL NON-UNION EMPLOYEES UNDER THE DIRECTION OF THE PRESIDENT ARE GIVEN ANNUAL APPRAISALS. THE PRESIDENT DIRECTLY APPRAISES THE VICE PRESIDENTS. DEPENDING ON THE APPRAISAL AND THE BOARD APPROVED WAGE AND SALARY PLAN, THE APPRAISED EMPLOYEE RECEIVES A SALARY INCREASE. UPON APPROVAL OF THE BOARD OF DIRECTORS, THE WAGE AND SALARY PLAN FOR NON-UNION EMPLOYEES IS UPDATED ANNUALLY BY A WAGE AND SALARY CONSULTANT. THE WAGES AND BENEFITS OF ALL UNION EMPLOYEES UNDER THE DIRECTION OF THE PRESIDENT ARE COVERED BY A COLLECTIVE BARGAINING AGREEMENT. THE CURRENT CONTRACT WENT INTO EFFECT ON AUGUST 1, 2022, AND EXPIRES AUGUST 1, 2026. ANY CHANGES TO THE AGREEMENT ARE APPROVED BY THE BOARD OF DIRECTORS. Form 990, Part VI, Line 19 Required documents available to the public GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part VIII, Line 6a PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue ALL OTHER REVENUE - Total Revenue: 8238, Related or Exempt Function Revenue: 0, Unrelated Business Revenue: 0, Revenue Excluded from Tax Under Sections 512, 513, or 514: 8238; Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN PATRONAGE CAPITAL - 4401314; CHANGE IN MEMBERSHIP - 1940; PATRONAGE CAPITAL ASSIGNABLE - 8849375; CHANGE IN OTHER MARGINS & EQUITIES - 46545; OPERATING MARGIN PRIOR YEAR - -4428402; BOOK TO TAX DEPRECIATION - 21100540; Southwest Arkansas Telecommunications and Technology 2904 E 9th St Texarkana AR 71854 710661638 Fiber Optic Internet AR Southwest Arkansas Electric Cooperative C Corporation 7913104 18384116 1 true true false false true false false false false false true false false false false true false false false false Southwest Arkansas Telecomm & Technology A 3964100 FMV Southwest Arkansas Telecomm & Technology D 8532494 FMV Southwest Arkansas Telecomm & Technology O 166722 FMV