2018-08-08T15:35:00-05:00 2017-12-31 BKD LLP PO BOX 3667 LITTLE ROCK AR 722033667 990 2017-01-01 710166791 SOUTHWEST ARKANSAS ELECTRIC COOPERATIVE CORP % KECIA WOLF SOUT 8707722743 P O BOX 1807 TEXARKANA TX 755041807 CHARLES WAYNE WHITAKER PRESIDENT AND CEO 8707722743 2018-07-16 true AMBER SHERRILL P00748683 5013721040 2017 2022-09-23 18:48:47Z CHARLES WAYNE WHITAKER 2904 E 9TH ST TEXARKANA AR 718545873 66724861 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 0 86 0 0 0 0 62655731 63797525 1553418 1998232 364099 929104 64573248 66724861 0 0 4604736 6701482 6924379 7014066 0 0 0 53044133 53009313 64573248 66724861 0 206948828 200463971 106849192 94772819 100099636 105691152 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 18,462 MEMBER ACCOUNTS, 28,143 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 78 0 true 86 true false false false false false 64670593 2054268 false X 9 0 false false false false true true true true true false true true true true true true true true true true false X KECIA WOLF 8707722743 2904 E 9TH ST TEXARKANA AR 71854 X ALAN GREEN DIRECTOR 3.0 0.0 X 25653 0 0 RICKIE BARNARD DIRECTOR 4.0 0.0 X 26251 0 0 JAMIE STEVENS DIRECTOR 3.0 0.0 X 14755 0 0 RUSSELL PENDERGRAFT CHAIRMAN 4.0 0.0 X X 27453 0 0 WARREN PLYLER VICE CHAIRMAN 3.0 0.0 X X 28351 0 0 DON STEMPLE TREASURER 4.0 0.0 X X 26849 0 0 TOMMY ISBELL DIRECTOR 2.0 0.0 X 15991 0 0 ANDY YOUNGBLOOD DIRECTOR 3.0 0.0 X 25953 0 0 JIM ALFORD DIRECTOR 3.0 0.0 X 26253 0 0 WAYNE WHITAKER PRESIDENT AND CEO 45.0 0.0 X 359812 0 103641 KECIA WOLF CPA MBA VP FINANCE, ACCT & MEMBER SERV 45.0 0.0 X 119920 0 31019 GEORGE WALL VP ENGINEERING AND OPERATIONS 48.0 0.0 X 147826 0 53001 BILLY K DUNCAN DIRECTOR OF OPERATIONS 47.0 0.0 X 125451 0 47632 KEVIN KENNEDY DIRECTOR OF ENGINEERING 45.0 0.0 X 125726 0 46342 JOHN WALDON DISTRICT MANAGER 45.0 0.0 X 118617 0 51174 RANDY RANKIN MANAGER OF METERING 45.0 0.0 X 109135 0 35859 SCOTTIE MORRIS DISTRICT MANAGER 50.0 0.0 X 106445 0 37898 1430441 0 406566 13 false true false TEXAR TREE SERVICE 8898 HWY 82 TEXARKANA AR 71854 RIGHT OF WAY 1077636 AS TREE SERVICE P O BOX 1722 TEXARKANA AR 75504 RIGHT OF WAY 863091 RE-CON COMPANY 12 N E 52ND ST OKLAHOMA CITY OK 73105 CONSTRUCTION 559084 STOVER INC P O BOX 3228 TEXARKANA AR 75504 GENERAL CONTRACTOR 515993 TOTH ASSOCIATES 805 EAST PRIMROSE SUITE 200 SPRINGFIELD MO 65807 ENGINEERING 494144 11 0 ELECTRICITY SALES 221000 63797525 63797525 0 0 63797525 1998232 1998232 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 REDEMPTION OF CAPITAL CREDITS 212000 873068 0 873068 OTHER INCOME 900099 56036 0 56036 56036 0 56036 929104 66724861 63797525 0 2927336 0 0 0 6701482 1032728 0 5981338 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4046016 0 6126942 0 COST OF POWER 36697173 DISTRIBUTION EXPENSE 4046429 CUSTOMER ACCOUNTS 1067028 ADMINISTRATIVE & GENERAL 964608 61117 66724861 747162 323032 29676878 18671192 0 0 5962418 5971896 0 0 0 0 375221 360710 4247125 4302860 259678 303610 213047451 69579007 138008252 143468444 0 0 27670496 27060629 0 0 0 0 1598 1598 206948828 200463971 16628975 10931699 0 0 0 0 0 0 0 0 0 0 88754026 82337632 0 0 1466191 1503488 106849192 94772819 X 95725973 98985859 -581123 -347264 4954786 7052557 100099636 105691152 206948828 200463971 X 0 5591516 X X false false false 1774924 1774924 7099203 3008437 4090767 197960700 66570570 131390130 6212623 6212623 143468444 COOP FINANCE CORP CAPITAL CERT 1221963 C COOP FINANCE CORP PATR CAPITAL 965280 C AR ELEC COOP PATR CAPITAL 852713 C OTHER PATR CAPITAL 871231 C MISC MEMBERSHIPS 3315 C INVESTMENT AT AECC 23146127 C 27060629 0 CONSUMER DEPOSITS 1253947 DEFERRED CREDITS 249541 1503488 X X false false false WAYNE WHITAKER PRESIDENT AND CEO 340992 0 0 0 18820 0 81205 0 22436 0 463453 0 0 0 KECIA WOLF CPA MBA VP FINANCE, ACCT & MEMBER SERV 118717 0 0 0 1203 0 13156 0 17863 0 150939 0 0 0 GEORGE WALL VP ENGINEERING AND OPERATIONS 144737 0 0 0 3089 0 32065 0 20936 0 200827 0 0 0 BILLY K DUNCAN DIRECTOR OF OPERATIONS 118679 0 0 0 6772 0 31885 0 15747 0 173083 0 0 0 KEVIN KENNEDY DIRECTOR OF ENGINEERING 113037 0 0 0 12689 0 28922 0 17420 0 172068 0 0 0 JOHN WALDON DISTRICT MANAGER 106988 0 0 0 11629 0 34784 0 16390 0 169791 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 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 2017, EFFECTIVE JANUARY 2018. 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 2017. 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, 2014 AND EXPIRES AUGUST 1, 2018. 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 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 CALENDER YEAR BASIS. FORM 990, PART XI, LINE 9 NET ASSETS 12/31/2016: $100,099,636 NET INCOME 12/31/2017 BEFORE PATRONAGE ASSIGNED: $6,701,482 CHANGE IN PATRONAGE CAPITAL: 3,259,886 CHANGE IN MEMBERSHIPS: 1,025 OTHER MARGINS & EQUITIES: 233,859 OPERATING MARGINS- PRIOR YEAR: (4,604,736) ----------- $5,591,516 NET ASSETS 12/31/2017: $105,691,152 =========== SOUTHWEST ARKANSAS TELECOM & TECH 2904 EAST NINTH ST TEXARKANA AR 71854 710661638 TELECOMMUNICATION AR SWAECC C CORP 683 87376 1.00000 true false false false false false false false false false false false false false false false false true false false