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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 2020. Filed on November 16, 2021.

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 2020 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 188 total employees. Among the employees shown here, the average compensation is $237,779. The highest compensated employee at South Plains Electric Cooperative Inc. is John Randal Bailey with fiscal year 2020 compensation of $476,259.

Revenue, expenses, and employee compensation

Revenue

$149,006,332

Expenses

$149,125,880

Employee compensation

$12,461,354
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Randal Bailey
Assistant General Manager
$476,259
$257,137 No related comp$219,122
Larry Dale Ancell
Executive Vp/General Manager
$361,059
$291,583 No related comp$69,476
Shane Adams
Chief Financial Officer
$228,573
$171,825 No related comp$56,748
Tahnee Truitt
Human Resources Director
$226,858
$177,895 No related comp$48,963
Lynn Simmons
Communications Director
$222,023
$168,141 No related comp$53,882
Steven Latham
Information Technology Director
$211,728
$160,554 No related comp$51,174
Allan Brown
Risk Management Director
$202,198
$177,494 No related comp$24,704
Randy McGee
Member Services Manager
$198,831
$159,691 No related comp$39,140
Robert Forbis
Former Director
$12,481
$12,481 No related compNo other comp

Benchmark Employee Compensation

Non-Employee Board Members

Scott Martin
Secretary and Treasurer
$26,486
$26,486 No related compNo other comp
Benny Nixon
Director
$19,464
$19,464 No related compNo other comp
Rynn Truett
Assistant Secretary and Treasurer
$18,514
$18,514 No related compNo other comp
David Gossett
Director
$18,206
$18,206 No related compNo other comp
Bobby Richey
President
$17,710
$17,710 No related compNo other comp
Rd McCallister
Director
$17,490
$17,490 No related compNo other comp
Danny Stanton
Vice President
$16,770
$16,770 No related compNo other comp
Glenn Jones
Director
$15,678
$15,678 No related compNo other comp
Larry Browning
Director
$15,531
$15,531 No related compNo other comp
Marvin Schoepf
Director
$12,006
$12,006 No related compNo other comp
Ken Harris Jan-Sep
Director
$11,763
$11,763 No related compNo other comp
Lloyd Arthur Sept-Dec
Director
$9,722
$9,722 No related compNo other comp

Contractors

Primary Utility Services LLC
Construction Contractor
$4,267,660
Siegel Construction Inc.
Construction Contractor
$3,642,803
Echo Powerline LLC
Construction Contractor
$1,492,852
Sgs Engineering LLC
Engineering
$1,167,719
Bird Electric
Electric Distribution and Transmission Off
$1,166,501

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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