2021-09-30T14:21:48-05:00 2020-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2020-01-01 710166791 SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE CORP % KECIA WOLF SOUT 8707722743 P O BOX 1807 TEXARKANA TX 755041807 DION COOPER PRESIDENT AND CEO 8707722743 2021-09-23 true DION COOPER 000000000 AMBER SHERRILL P00748683 5013721040 2 2020 2022-09-23 18:48:47Z DION COOPER 2904 E 9TH ST TEXARKANA AR 718545873 64761915 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 88 0 0 0 0 0 64949191 62666431 2193241 1883925 292830 211559 67435262 64761915 0 0 8148373 6573469 7455780 8399610 0 0 0 51831109 49788836 67435262 64761915 0 209752879 208997783 99324753 97699524 110428126 111298259 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 18,834 MEMBER ACCOUNTS, 28,878 METER METERS. false false false false false false false false false true true false 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 false false true 80 0 true 88 true false false false false false 62129759 2432950 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 KECIA WOLF 8707722743 2904 E 9TH ST TEXARKANA AR 71854 X CHARLES W WHITAKER PRESIDENT AND CEO 60.0 0.0 X 963345 0 92514 GEORGE WALL VICE PRESIDENT ENGINEERING AND 47.0 0.0 X 154204 0 59153 KECIA WOLF VP FINANCE AND ACCOUNTING, MEM 45.0 0.0 X 146606 0 53998 SCOTT KENNEDY DIRECTOR OF ENGINEERING 40.0 0.0 X 136225 0 51303 DION COOPER VICE PRESIDENT OF INFORMATION 40.0 0.0 X 128131 0 51812 TODD SPAKES LINEMAN 45.0 0.0 X 136477 0 38383 JIMMY MCCOY FOREMAN 50.0 0.0 X 136119 0 28102 KYLE THOMASON LINEMAN 40.0 0.0 X 122825 0 38383 GLENN HAYS FOREMAN 45.0 0.0 X 118216 0 39317 JIM ALFORD DIRECTOR 2.5 0.0 X 34756 0 0 RUSSELL PENDERGRAFT CHAIRMAN 4.0 0.0 X X 34256 0 0 ANDY YOUNGBLOOD DIRECTOR 3.0 0.0 X 33756 0 0 WARREN PLYLER VICE CHAIRMAN 4.0 0.0 X X 33253 0 0 RICKIE BARNARD DIRECTOR 4.0 0.0 X 31254 0 0 ALAN GREEN TREASURER 2.0 0.0 X X 31254 0 0 DON STEMPLE DIRECTOR 4.0 0.0 X 30752 0 0 JAMIE STEVENS DIRECTOR 3.0 0.0 X 19137 0 0 TOMMY ISBELL DIRECTOR 2.0 0.0 X 18934 0 0 2309500 0 452965 31 false true false TEXAR TREE AND TIMBER 8898 HWY 82 TEXARKANA AR 71854 RIGHT OF WAY 544899 AANDS TREE SERVICE P O BOX 1722 TEXARKANA TX 75504 RIGHT OF WAY 1083962 PIKE ELECTRIC INC P O BOX 1000 MEMPHIS TN 38148 LINE CONSTRUCTION 962443 TOTH ASSOCIATES 1550 EAST REPUBLIC ROAD SPRINGFIELD MO 65804 CONSULTING 948357 US APPLICATORS PO BOX 563 LOUISVILLE MS 39339 RIGHT OF WAY 266008 5 0 ELECTRICITY SALES 221000 61799789 61799789 REDEMPTION OF CAPITAL CREDITS 221000 866642 866642 62666431 1883925 1883925 0 0 199206 0 0 199206 199206 199206 0 0 0 0 0 0 0 0 0 0 OTHER INCOME 900099 12353 12353 12353 12353 12353 64761915 62666431 2095484 0 0 0 6573469 1917115 0 5416829 0 0 1065666 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3510600 0 6834214 0 COST OF POWER 33371221 DISTRIBUTION EXPENSE 3903754 CUSTOMER ACOUNTS 1064572 ADMIN & GENERAL 1047927 56548 64761915 379970 512702 18683815 9642420 0 0 6087005 7022300 0 0 0 0 359406 341652 4493769 4758214 418105 1916408 240483721 81899233 152471365 158584488 0 0 26857846 26218001 0 0 0 0 1598 1598 209752879 208997783 10767419 12507955 0 0 0 0 0 0 0 0 0 0 87015689 83693860 0 0 1541645 1497709 99324753 97699524 X 102160313 104599233 -234891 -235305 8502704 6934331 110428126 111298259 209752879 208997783 X 0 870133 X false false false 0 1954495 1954495 0 8503988 3518713 4985275 0 225047932 78380519 146667412 0 4977306 4977306 158584488 COOP FINANCE CORP CAPITAL CERT 1177344 C COOP FINANCE CORP PATR CAPITAL 1187659 C AR ELEC COOP PATR CAPITAL 1038097 C OTHER PATR CAPITAL 1041608 C MISC MEMBERSHIPS 3315 C INVESTMENT AT AECC 21769978 C 26218001 0 CONSUMER DEPOSITS 1238415 DEFERRED CREDITS 259294 1497709 X X false true false DION COOPER VICE PRESIDENT OF INFORMATION 127378 0 0 0 753 0 30743 0 21069 0 179943 0 0 0 KECIA WOLF VP FINANCE AND ACCOUNTING, MEM 137073 0 0 0 9533 0 34290 0 19708 0 200604 0 0 0 GEORGE WALL VICE PRESIDENT ENGINEERING AND 150950 0 0 0 3254 0 36225 0 22928 0 213357 0 0 0 CHARLES W WHITAKER PRESIDENT AND CEO 383127 0 0 0 580218 0 68229 0 24285 0 1055859 0 0 0 JIMMY MCCOY FOREMAN 132240 0 0 0 3879 0 18639 0 9463 0 164221 0 0 0 KYLE THOMASON LINEMAN 122580 0 0 0 245 0 17744 0 20639 0 161208 0 0 0 SCOTT KENNEDY DIRECTOR OF ENGINEERING 119421 0 0 0 16804 0 30250 0 21053 0 187528 0 0 0 GLENN HAYS FOREMAN 117893 0 0 0 323 0 18639 0 20678 0 157533 0 0 0 TODD SPAKES LINEMAN 136199 0 0 0 278 0 17744 0 20639 0 174860 0 0 0 SCHEDULE J, PART I, LINE 3 SEE SCHEDULE O FOR EXPLANATION OF PRESIDENT/CEO'S COMPENSATION EVALUATION AND APPROVAL. SCHEDULE J, PART I, LINE 4B CHARLES W. WHITAKER RECEIVED $556,007 FROM A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN. FORM 990, PART IV, LINES 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, SECTION A, LINE 6 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, SECTION A, LINE 7A ALL MEMBERS HAVE ONE VOTE EACH. THE MEMBERS VOTE IN ORDER TO ELECT THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B 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, SECTION B, LINE 11B 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, SECTION B, LINE 12C 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, SECTION B, LINE 15A 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 DECEMBER 2019, EFFECTIVE JANUARY 2020. 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 DURING 2020. FORM 990, PART VI, SECTION B, LINE 15B 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, 2018 AND EXPIRES AUGUST 1, 2022. ANY CHANGES TO THE AGREEMENT ARE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART VII, LINE 6A PERSONAL PROPERTY RENTAL REVENUES EXCLUDED FROM UNRELATED BUSINESS INCOME ARE RELATED TO POLE RENTAL INCOME. FORM 990, PART XI, LINE 9 NET ASSETS 12/31/2019: $110,428,126 NET INCOME 12/31/2020 BEFORE PATRONAGE ASSIGNED: $6,573,469 CHANGE IN PATRONAGE CAPITAL: 2,438,920 CHANGE IN MEMBERSHIPS: 6,530 OTHER MARGINS & EQUITIES: (414) OPERATING MARGINS- PRIOR YEAR: (8,148,373) ----------- $870,133 NET ASSETS 12/31/2020: $111,298,259 =========== SOUTHWEST ARKANSAS TELECOM & TECH 2904 EAST NINTH ST TEXARKANA AR 71854 710661638 TELECOMMUNICATION AR SWAECC C CORP 361 89913 1.00000 true false false false false false false false false false false false false false false false false true false false