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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 2024. Filed on November 17, 2025.

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 2024 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 205 total employees. Among the employees shown here, the average compensation is $373,459. The highest compensated employee at South Plains Electric Cooperative Inc. is John Randal Bailey with fiscal year 2024 compensation of $645,771.

Revenue, expenses, and employee compensation

Revenue

$167,567,520

Expenses

$169,150,958

Employee compensation

$20,421,063
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

John Randal Bailey
Assistant General Manager
$645,771
$372,088 No related comp$273,683
Larry Dale Ancell
Executive Vp/General Manag
$557,291
$440,456 No related comp$116,835
Shane Adams
Chief Financial Officer
$347,270
$264,336 No related comp$82,934
Randy McGee
Member Services Manager
$297,283
$249,586 No related comp$47,697
Lynn Simmons
Communications Director
$292,011
$228,228 No related comp$63,783
Tahnee Truitt
Human Resources Director
$288,331
$231,585 No related comp$56,746
Jon Henson
Lubbock Division Manager
$284,725
$212,641 No related comp$72,084
Jamey Phillips
General Counsel/Director CORP Affairs
$274,989
$244,644 No related comp$30,345

Benchmark Employee Compensation

Non-Employee Board Members

Lloyd Arthur
Director
$33,692
$33,692 No related compNo other comp
Danny Stanton
Vice President
$33,000
$33,000 No related compNo other comp
Brent Whitaker
Director
$32,892
$32,892 No related compNo other comp
Larry Browning
Director
$30,600
$30,600 No related compNo other comp
Joe McFerrin
Director
$29,800
$29,800 No related compNo other comp
Scott Martin
Secretary and Treasurer
$29,692
$29,692 No related compNo other comp
Rynn Truett
Assistant Secretary and Treasurer
$29,540
$29,540 No related compNo other comp
Jamie McNeill
Director
$29,000
$29,000 No related compNo other comp
David Gossett
Director
$27,400
$27,400 No related compNo other comp
Bobby Richey
President
$27,000
$27,000 No related compNo other comp
Benny Nixon
Director
$26,800
$26,800 No related compNo other comp
Rd McCallister
Director (Jan-Aug)
$17,000
$17,000 No related compNo other comp

Contractors

Primary Utility Services LLC
Construction Contractor
$7,650,111
Siegel Construction Inc.
Construction Contractor
$3,866,883
Teinert Construction
Construction Contractor
$3,115,125
Meridian Cooperative Inc.
Software and Technology
$1,776,506
Echo Powerline LLC
Construction Contractor
$887,093

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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