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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 2023. Filed on November 16, 2024.

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 2023 IRS Form 990 filing, South Plains Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 8 out of 203 total employees. Among the employees shown here, the average compensation is $328,452. The highest compensated employee at South Plains Electric Cooperative Inc. is John Randal Bailey with fiscal year 2023 compensation of $570,533.

Revenue, expenses, and employee compensation

Revenue

$191,206,295

Expenses

$192,742,795

Employee compensation

$16,449,373
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Randal Bailey
Assistant General Manager
$570,533
$315,781 No related comp$254,752
Larry Dale Ancell
Executive Vp/General Manager
$470,623
$381,186 No related comp$89,437
Shane Adams
Chief Financial Officer
$296,619
$224,212 No related comp$72,407
Tahnee Truitt
Human Resources Director
$266,512
$216,674 No related comp$49,838
Lynn Simmons
Communications Director
$266,408
$210,429 No related comp$55,979
Jon Henson
Lubbock Division Manager
$259,449
$195,983 No related comp$63,466
Steven Latham
Manager of Information Technology
$254,373
$194,480 No related comp$59,893
Joe Salinas
Operations Superintendent
$243,102
$197,439 No related comp$45,663

Benchmark Employee Compensation

Non-Employee Board Members

Brent Whitaker
Director
$34,100
$34,100 No related compNo other comp
Lloyd Arthur
Director
$33,500
$33,500 No related compNo other comp
Scott Martin
Secretary and Treasurer
$32,100
$32,100 No related compNo other comp
Danny Stanton
Vice President
$31,200
$31,200 No related compNo other comp
Larry Browning
Director
$30,800
$30,800 No related compNo other comp
Rynn Truett
Assistant Secretary and Treasurer
$30,400
$30,400 No related compNo other comp
Joe McFerrin
Director
$30,104
$30,104 No related compNo other comp
Bobby Richey
President
$29,400
$29,400 No related compNo other comp
Benny Nixon
Director
$28,600
$28,600 No related compNo other comp
David Gossett
Director
$27,600
$27,600 No related compNo other comp
Rd McCallister
Director
$27,000
$27,000 No related compNo other comp
Glen Jones
Director (Jan-Aug)
$18,350
$18,350 No related compNo other comp

Contractors

Primary Utility Services LLC
Construction Contractor
$5,730,690
Siegel Construction Inc.
Construction Contractor
$5,169,235
Teinert Construction
Construction Contractor
$3,749,584
Cooke Power Services
Electrical Contractor
$1,486,185
Meridian Cooperative Inc.
Software and Technology
$1,349,641

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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