Southwestern Power Resources Association Inc

EIN: 730999766

Tulsa, OK

Total Revenue
$626,983
Total Expenses
$860,128
Total Assets
$146,439,296
Net Assets
$261,616
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
OK
Phone
9186227800
Tax Period
2023-01-01 to 2023-12-31

Southwestern Power Resources Association Inc, founded in 1976, is a small nonprofit that reported $627K in total revenue in fiscal year 2023. Expenses of $860K exceeded revenue, resulting in a 37% operating deficit.

Mission

AN ASSOCIATION OF CONSUMER AND MEMBER-OWNERS RECEIVE A PREFERENCE IN THE PURCHASE OF FEDERAL POWER FROM THE SOUTHWESTERN POWER ADMINISTRATION.

Program Service Accomplishments

Program 1

FACILITATED CONTINUED REVISIONS AND WORK PERFORMED IN AN EXISTING MEMORANDUM OF AGREEMENT THAT ALLOWS THE CONTINUATION OF CUSTOMER FUNDING OF US ARMY CORP PROJECTS, OPERATIONS, AND MAINTENANCE (O&M)...

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FACILITATED CONTINUED REVISIONS AND WORK PERFORMED IN AN EXISTING MEMORANDUM OF AGREEMENT THAT ALLOWS THE CONTINUATION OF CUSTOMER FUNDING OF US ARMY CORP PROJECTS, OPERATIONS, AND MAINTENANCE (O&M) REPAIRS AT SOUTHWESTERN'S HYDROPOWER PROJECTS. ADVOCATED FOR THE PROTECTION OF FEDERAL HYDROPOWER CUSTOMERS AGAINST ANY LIABILITIES FROM UNUSED FEDERAL AUTHORIZATIONS FOR THE CONSTRUCTION OF NEW OR UPGRADED TRANSMISSION LINES. PROTECT FEDERAL HYDROPOWER CUSTOMERS FROM ANY NEW LEGISLATION WHICH MIGHT BE ENACTED.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $616,725
Investment Income $10,258
Other Revenue $0
TOTAL REVENUE $626,983

Expense Breakdown

Grants Paid $0
Salaries & Benefits $422,121
Fundraising Expenses $0
Program Expenses $0
Other Expenses $438,007
TOTAL EXPENSES $860,128

Year-over-Year Comparison

2023 2022 Change
Revenue $626,983 $633,880 0.0%
Expenses $860,128 $740,931 +0.2%
Net Income $-233,145 $-107,051 +1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
12

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
4
$401,094
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 1.0
Officer Director
$0 $0 $0
N/A Secretary/Treasurer 0.3
Officer Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR 0.3
Director
$0 $0 $0
N/A DIRECTOR OF OPERATIONS 40.0
Officer
$65,508 $28,510 $94,018
N/A EXECUTIVE DIRECTOR 60.0
Officer
$221,243 $85,833 $307,076
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 No data No data No data No data
2023 $626,983 $860,128 $146,439,296 $-233,145
2022 $633,880 $740,931 $159,254,833 $-107,051
2021 $635,375 $639,786 $162,770,018 $-4,411
2020 $626,944 $618,825 $155,009,324 $8,119
2019 $629,364 $561,469 $610,443 $67,895
2018 $629,010 $521,775 $529,414 $107,235
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