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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 Swisher Electric Cooperative Inc.

Swisher Electric Cooperative Inc.

Fiscal year ending 2024. Filed on November 17, 2025.

PO Box 67
Tulia, Texas 79088

Swisher Electric Cooperative Inc. (EIN: 75-0594971) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Swisher Electric Cooperative Inc., a 501(c)(12) mutual or cooperative insurance or utility provider, reported compensation for 5 out of 41 total employees. Among the employees shown here, the average compensation is $207,003. The highest compensated employee at Swisher Electric Cooperative Inc. is Dwain Tipton with fiscal year 2024 compensation of $362,943.

Revenue, expenses, and employee compensation

Revenue

$23,525,553

Expenses

$23,492,918

Employee compensation

$3,663,006
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Dwain Tipton
General Manager
$362,943
$247,191 No related comp$115,752
Henry Cruz Jr
Director of OPS and Interim GM
$193,814
$110,101 No related comp$83,713
Jasmine Watson
Finance Director
$177,286
$127,155 No related comp$50,131
Michael Martin
MGR of Engineering SVCS
$155,100
$102,693 No related comp$52,407
Robert Sturgess
Foreman
$145,872
$102,800 No related comp$43,072

Benchmark Employee Compensation

Non-Employee Board Members

Jeff Harrell
Director
$30,099
$30,099 No related compNo other comp
Dwain Strange
President
$29,584
$29,584 No related compNo other comp
Ralph Frost
Director
$29,581
$29,581 No related compNo other comp
Billy Cogdell
ASST Secretary/Treasure
$29,575
$29,575 No related compNo other comp
Mace Middleton
Vice President
$29,575
$29,575 No related compNo other comp
Brad Sharp
Director
$15,569
$15,569 No related compNo other comp
Jimmy Burson
Secretary and Treasurer
$15,388
$15,388 No related compNo other comp

Contractors

Davis Welding and Construction LLC
General Contractor for New Building
$906,443
Red Dirt Construction LLC
Contract Work Substation Maintenance
$397,714
HI Range Electric Inc.
Contract Work for Storm Damage and Pole Re
$165,202
Brandon & Clark
Transformer Repair/Disposal
$109,812

Mission Statement

TO SUPPLY THE PRESENT AND FUTURE ELECTRICAL SERVICE NEEDS TO ITS MEMBERS IN AN EFFICIENT AND ECONOMICAL MANNER AND TO HAVE A SOUND FINANCIAL BASE IN ORDER TO PROVIDE THE HIGHEST RELIABILITY OF SERVICE WITH INTEGRITY, INNOVATION, ACCOUNTABILITY AND COMMITMENT TO COMMUNITY THEREBY ENHANCING THE QUALITY OF LIFE FOR ALL OUR MEMBERS.

Revisions to this organization profile

November 17, 2025:
2024 Swisher Electric Cooperative Inc. 990 filed
November 16, 2024:
2023 Swisher Electric Cooperative Inc. 990 filed
November 16, 2023:
2022 Swisher Electric Cooperative Inc. 990 filed

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