Southern Pine Electric Cooperative Inc

EIN: 630196775

Brewton, AL

Total Revenue
$62,478,248
Total Expenses
$62,478,248
Total Assets
$118,078,649
Net Assets
$97,144,615
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Financial Trends

Organization Details

Formation Year
1938
Legal Domicile
AL
Principal Officer
Vince Johnson
Phone
2518675415
Tax Period
2024-01-01 to 2024-12-31

Southern Pine Electric Cooperative Inc, founded in 1938, is a mid-sized nonprofit that reported $52.2M in total revenue in fiscal year 2018.

Mission

To provide electric utility service to cooperative members.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $61,916,472
Investment Income $221,670
Other Revenue $340,106
TOTAL REVENUE $62,478,248

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $1,059,017
Fundraising Expenses $0
Other Expenses $56,195,033
TOTAL EXPENSES $62,478,248

Year-over-Year Comparison

2024 2023 Change
Revenue $62,478,248 $60,293,022 +0.0%
Expenses $62,478,248 $60,293,022 +0.0%
Net Income $0 $0 N/A
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
81
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$559,909
Total Directors
9
$256,131
Key Employees
1
$242,977
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Allen Lang Trustee 2.00
Director
$35,065 $0 $35,065
Dwight Maloy Trustee 4.00
Director
$35,722 $0 $35,722
Lynn Powell Trustee 5.40
Director
$37,365 $0 $37,365
David Cook Jr Trustee 9.00
Director
$37,374 $0 $37,374
Bobby Ballard Trustee 5.00
Director
$19,155 $0 $19,155
Scotty White Trustee 4.00
Director
$11,445 $0 $11,445
Rod Higdon Trustee 4.00
Director
$35,412 $0 $35,412
Kenny Bledsoe Trustee 4.00
Director
$36,060 $0 $36,060
Jason Dean Trustee 3.00
Director
$8,533 $0 $8,533
Vince Johnson Chief Executive Officer 47.00
Officer
$250,346 $83,456 $333,802
Jason Jackson Chief Financial Officer 43.00
Officer
$165,225 $60,882 $226,107
Robert Cotten Superintendent of Operations 50.00
Key Emp
$176,609 $66,368 $242,977
Johnny Jordan District Foreman 48.00
Highest
$153,887 $52,804 $206,691
Rodney Hildreth District Foreman 52.00
Highest
$153,629 $49,212 $202,841
Brian Richburg Construction Foreman 47.00
Highest
$139,781 $52,453 $192,234
Phillip Norsworthy Lineman I 62.00
Highest
$149,511 $45,651 $195,162
Phillip Carter Lineman I 56.00
Highest
$140,538 $46,473 $187,011
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $62,478,248 $62,478,248 $118,078,649 No data
2023 $60,293,022 $60,293,022 $110,891,507 No data
2022 $57,265,989 $57,265,989 $105,894,035 No data
2021 $52,173,513 $52,173,513 $101,910,053 No data
2020 $51,306,236 $51,306,236 $99,737,058 No data
2019 $52,415,523 $52,415,523 $93,810,178 No data
2018 $52,177,888 $52,177,888 $91,498,325 No data
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