South Plains Electric Cooperative Inc
Lubbock, TX · EIN 75-0569260 · Rank 3,471 by total revenue
To provide electric energy to members at cost on a cooperative basis.
Money, Form 990 for tax year 2024
- Total revenue
- $167,567,520
- Total expenses
- $169,150,958
- Total assets
- $563,842,361
- Salary base (all salaries and wages)
- $13,987,904
- Salaries, other pay and benefits
- $20,421,063
- Employees
- 205
- Salary base per employee
- $68,234
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (16)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| John Randal Bailey | ASSISTANT GENERAL MANAGER | Officer | 42 | $645,771 |
| Larry Dale Ancell | EXECUTIVE VP/GENERAL MANAG | Officer | 42 | $557,291 |
| Shane Adams | CHIEF FINANCIAL OFFICER | Officer | 45 | $347,270 |
| Danny Stanton | VICE PRESIDENT | Board, Officer | 19.9 | $33,000 |
| Scott Martin | SECRETARY/TREASURER | Board, Officer | 14.7 | $29,692 |
| Rynn Truett | ASSISTANT SECRETARY/TREASU | Board, Officer | 15.5 | $29,540 |
| Bobby Richey | PRESIDENT | Board, Officer | 21.4 | $27,000 |
| Lloyd Arthur | DIRECTOR | Board | 14.8 | $33,692 |
| Brent Whitaker | DIRECTOR | Board | 13.7 | $32,892 |
| Larry Browning | DIRECTOR | Board | 13.7 | $30,600 |
| Joe McFerrin | DIRECTOR | Board | 15.8 | $29,800 |
| Jamie McNeill | DIRECTOR | Board | 13.5 | $29,000 |
| David Gossett | DIRECTOR | Board | 14.4 | $27,400 |
| Benny Nixon | DIRECTOR | Board | 12.7 | $26,800 |
| Rd McCallister | DIRECTOR (JAN-AUG) | Board | 12.9 | $17,000 |
| Dewayne McCallister | DIRECTOR (AUG-DEC) | Board | 19.8 | $14,800 |
Top 10 paid people listed
These 10 people received $3,054,363, which is 21.8% of the $13,987,904 salary base shared by 205 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| John Randal Bailey | ASSISTANT GENERAL MANAGER | Officer | 42 | $372,088 | $0 | $273,683 | $645,771 |
| Larry Dale Ancell | EXECUTIVE VP/GENERAL MANAG | Officer | 42 | $440,456 | $0 | $116,835 | $557,291 |
| Shane Adams | CHIEF FINANCIAL OFFICER | Officer | 45 | $264,336 | $0 | $82,934 | $347,270 |
| Randy McGee | MANAGER OF MEMBER SERVICES | Highly paid employee | 40 | $249,586 | $0 | $47,697 | $297,283 |
| Lynn Simmons | DIRECTOR OF COMMUNICATIONS | Highly paid employee | 40 | $228,228 | $0 | $63,783 | $292,011 |
| Tahnee Truitt | DIRECTOR OF HUMAN RESOURCE | Highly paid employee | 40 | $231,585 | $0 | $56,746 | $288,331 |
| Jon Henson | LUBBOCK DIVISION MANAGER | Highly paid employee | 40 | $212,641 | $0 | $72,084 | $284,725 |
| Jamey Phillips | GENERAL COUNSEL/DIRECTOR CORP AFFAIRS | Highly paid employee | 40 | $244,644 | $0 | $30,345 | $274,989 |
| Lloyd Arthur | DIRECTOR | Board | 14.8 | $33,692 | $0 | $0 | $33,692 |
| Danny Stanton | VICE PRESIDENT | Board, Officer | 19.9 | $33,000 | $0 | $0 | $33,000 |
Sources
- IRS e-file return 202523209349302377 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 75-0569260
- Organization website (as filed): www.spec.coop