South Plains Electric Cooperative Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 140,048,899 | 140,119,276 | −70,377 | 8.7 | 4% |
| 2012 | 123,088,747 | 123,159,020 | −70,273 | 10.7 | 5% |
| 2013 | 138,197,017 | 138,060,444 | 136,573 | 10.8 | 4% |
| 2014 | 150,837,656 | 150,798,312 | 39,344 | 10.2 | 4% |
| 2015 | 136,936,908 | 132,307,638 | 4,629,270 | 12.6 | 5% |
| 2016 | 130,873,692 | 130,831,933 | 41,759 | 13.5 | 5% |
| 2017 | 134,070,625 | 138,655,346 | −4,584,721 | 13.2 | 5% |
| 2018 | 156,780,979 | 156,350,710 | 430,269 | 13.0 | 5% |
| 2019 | 150,898,523 | 151,423,757 | −525,234 | 14.8 | 6% |
| 2020 | 149,006,332 | 149,125,880 | −119,548 | 16.2 | 6% |
| 2021 | 159,722,811 | 161,612,173 | −1,889,362 | 14.9 | 6% |
| 2022 | 208,235,314 | 209,462,049 | −1,226,735 | 11.9 | 5% |
| 2023 | 191,206,295 | 192,742,795 | −1,536,500 | 14.2 | 6% |
In its most recent public year (2023), this organization spent $1,536,500 more than it brought in. Its reserves stood at about 14.2 months of spending, up from 8.7 in 2011. Staff pay was 6% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
South Plains Electric Cooperative Inc's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works