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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations South Plains Electric Cooperative Inc.

South Plains Electric Cooperative Inc.

Fiscal year ending 2019. Filed on October 19, 2020.

PO Box 1830
Lubbock, Texas 79408

South Plains Electric Cooperative Inc. (EIN: 75-0569260) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, South Plains Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 9 out of 200 total employees. Among the employees shown here, the average compensation is $224,560. The highest compensated employee at South Plains Electric Cooperative Inc. is Randal Bailey with fiscal year 2019 compensation of $396,442.

Revenue, expenses, and employee compensation

Revenue

$150,898,523

Expenses

$151,423,757

Employee compensation

$12,402,722
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Randal Bailey
Assistant General Manager
$396,442
$231,937 No related comp$164,505
Dale Ancell
Executive Vp/General Manager
$332,200
$273,562 No related comp$58,638
Allan Brown
Risk Management Director
$265,402
$198,337 No related comp$67,065
Ronnie Rucker
Finance Director
$217,131
$207,849 No related comp$9,282
Lynn Simmons
Communications Director
$208,352
$161,016 No related comp$47,336
Tahnee Truitt
Human Resources Director
$202,029
$159,178 No related comp$42,851
Shane Adams
Chief Financial Officer
$197,456
$148,695 No related comp$48,761
Kelly Vinson
District Superintendent
$190,519
$162,309 No related comp$28,210
Robert Forbis
Former Director
$11,505
$11,505 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Scott Martin
Secretary and Treasurer
$30,074
$30,074 No related compNo other comp
Benny Nixon
Director
$24,253
$24,253 No related compNo other comp
Rd McCallister
Director
$21,146
$21,146 No related compNo other comp
Danny Stanton
Vice President
$21,095
$21,095 No related compNo other comp
Rynn Truett
Assistant Secretary and Treasurer
$20,924
$20,924 No related compNo other comp
David Gossett
Director
$20,526
$20,526 No related compNo other comp
Bobby Richie
President
$20,041
$20,041 No related compNo other comp
Marvin Schoepf
Director
$19,256
$19,256 No related compNo other comp
Glenn Jones
Director
$19,107
$19,107 No related compNo other comp
Ken Harris
Director
$16,941
$16,941 No related compNo other comp
Larry Browning
Director
$16,004
$16,004 No related compNo other comp
Tommy Joines Jan-Sep
Director
$14,486
$14,486 No related compNo other comp

Contractors

Siegel Construction Inc.
Construction Contractor
$3,038,887
Primary Utility Services LLC
Construction Contractor
$2,017,887
Echo Powerline Inc.
Construction Contractor
$1,763,650
Southeastern Data
Mainframe Software Printing
$1,161,910
Zachry Industrial Inc.
Substation Maintenance
$1,141,575

Mission Statement

TO PROVIDE ELECTRIC ENERGY TO MEMBERS AT COST ON A COOPERATIVE BASIS.

Revisions to this organization profile

November 17, 2025:
2024 South Plains Electric Cooperative Inc. 990 filed
November 16, 2024:
2023 South Plains Electric Cooperative Inc. 990 filed
November 15, 2023:
2022 South Plains Electric Cooperative Inc. 990 filed

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