Swisher Electric Cooperative Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 750594971 ✦ Tulia, TX ✦ Designated as a 501(c)(12)

Overview

What is Swisher Electric Cooperative Inc?

Swisher Electric Cooperative Inc, located in Tulia, Texas (PO Box 67), is a nonprofit organization with a mission to provide quality and reliable electric service to its cooperative members. The cooperative, which had 7,973 active services at year end, aims to efficiently and economically meet the present and future electrical needs of its members. With a team of 47 employees, Swisher Electric Cooperative Inc prioritizes integrity, innovation, accountability, and commitment to community in its operations. Its primary activity is the allocation of patronage capital to provide electric energy to members on a cooperative basis.


Official website here: www.swisherelectric.org

Is Swisher Electric Cooperative Inc legitimate?

Swisher Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(12) entity. Swisher Electric Cooperative Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $606,350
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,796,789

For more financial information, click here


Official website here: www.swisherelectric.org

What is the mission statement of Swisher Electric Cooperative Inc?

Swisher Electric Cooperative Inc is dedicated to delivering quality and reliable electric service to its cooperative members. Its mission goes beyond just supplying electricity; it aims to do so in an efficient and economical manner. The cooperative strives for a sound financial base, ensuring the highest level of service reliability, while maintaining integrity, innovation, accountability, and commitment to the community. By providing electric energy cooperatively and allocating patronage capital, Swisher Electric Cooperative enhances the quality of life for all its members. At the end of the year, there were 7,973 active services.


Official website here: www.swisherelectric.org

Who is the CEO of Swisher Electric Cooperative Inc?

Dwain Tipton is the Director of Swisher Electric Cooperative Inc.


Official website here: www.swisherelectric.org

What is the revenue of Swisher Electric Cooperative Inc?

Swisher Electric Cooperative Inc's revenue in 2022 was $25,409,868.


Official website here: www.swisherelectric.org

Who are the executives of Swisher Electric Cooperative Inc and what are their salaries?

The average compensation at Swisher Electric Cooperative Inc during 2022 was $51,131. There are 47 employees at Swisher Electric Cooperative Inc.

Here are 10 key members and their salaries:

    Dwain Tipton (General Manager)
  • Compensation: $162,353
  • Related: $0
  • Other: $151,570

    • Mary Ellen Mcmanus (Director Of Engineering & Operations)
  • Compensation: $112,007
  • Related: $0
  • Other: $45,209

    • Jasmine Dickson (Director Of Finance)
  • Compensation: $102,166
  • Related: $0
  • Other: $43,735

    • Jeff Harrell (Director)
  • Compensation: $26,325
  • Related: $0
  • Other: $0

    • Dwain Strange (President) [Trustee/Director]
  • Compensation: $26,317
  • Related: $0
  • Other: $0

    • Ralph Frost (Director)
  • Compensation: $26,308
  • Related: $0
  • Other: $0

    • Mace Middleton (Vice President) [Trustee/Director]
  • Compensation: $26,296
  • Related: $0
  • Other: $0

    • Billy Cogdell (Assistant Secretary/Treasurer) [Trustee/Director]
  • Compensation: $13,765
  • Related: $0
  • Other: $0

    • Brad Sharp (Director)
  • Compensation: $13,762
  • Related: $0
  • Other: $0

    • Jimmy Burson (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $13,753
  • Related: $0
  • Other: $0


  • Official website here: www.swisherelectric.org

    Where can I find the form 990 for Swisher Electric Cooperative Inc?

    The Swisher Electric Cooperative Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.swisherelectric.org

    Learn more at the official website: www.swisherelectric.org

    Mission Statement of Swisher Electric Cooperative Inc

    Swisher Electric Cooperative Inc, a leading electric service provider, is committed to delivering quality and reliable electricity to its cooperative members. The organization's mission extends beyond just providing power; it aspires to meet the present and future electrical needs of its members in an efficient and economical manner. Swisher Electric Cooperative aims to uphold the highest standards of reliability with integrity, innovation, accountability, and commitment to community.

    The cooperative's primary goal is to allocate patronage capital for providing electric energy on a cooperative basis. Swisher Electric Cooperative's operations are built on a solid financial foundation, enabling it to offer the highest level of electrical service possible. With 7,973 active services at year end, the cooperative boasts a significant presence among its members. Through its mission, Swisher Electric Cooperative not only ensures the consistent supply of electricity but also enhances the overall quality of life for its members.

    Impact

    This information is meant to be a general summary of Swisher Electric Cooperative Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Swisher Electric Cooperative Inc, based in Tulia, TX, has a significant impact on the community by providing quality and reliable electric service to its members. With a mission to supply present and future electrical service needs in an efficient and economical manner, this cooperative plays a crucial role in enhancing the quality of life for its members. By ensuring a sound financial base and promoting integrity, innovation, accountability, and commitment to the community, Swisher Electric Cooperative Inc contributes to the well-being and sustainability of the region it serves.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $191,391
  • Program Service Revenue: $25,204,535
  • Gross Receipts: $25,677,057

    • Assets and Liabilities:
  • Total Assets: $71,325,380
  • Total Liabilities: $31,227,096
  • Net Assets: $40,098,284
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    SALES OF ELECTRICITY

    Revenue

    $24,520,827

    PATRONAGE DIVIDENDS

    Revenue

    $558,229

    SERVICE FEES

    Revenue

    $108,079

    ELECTRIC WHEELING

    Revenue

    $17,400

    Organization Details

    Founding Year

    1939

    Principal Officer

    Dwain Tipton

    Main Address

    PO BOX 67, TULIA, TX, 79088

    NTEE Category

    Code: W50 - Public benefit

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