Southern Pine Electric Cooperative is a 501(c)(12) organization based in Taylorsville, Mississippi, registered in 1943, with $239,478,420 in FY2024 revenue. CharityIndex grades it A.
Revenue (FY2024)
$239.5M
▲ 3.8% vs prior year
Expenses (FY2024)
$239.5M
Net assets
$320.9M
Employees
269
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Southern Pine Electric Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Southern Pine Electric Cooperative: 16 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Southern Pine Electric Cooperative: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Southern Pine Electric Cooperative: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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The mission of southern pine electric's board of directors and employees is to enhance the quality of life of our members and community by safely providing reliable electric energy at an affordable price.
Revenue grew from $223.7M (FY2013) to $239.5M (FY2024) across 11 reported years.
Financial snapshot
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$544.8M
Total liabilities
$224.0M
Net assets
$320.9M
Salaries & benefits
$1.5M
1% of expenses
Board members
13
13 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $239,478,420▲3.8% | $239,478,420▲3.8% | $320,869,313▲0.7% | $544,840,910▲2.2% | 990 |
| 2023 | $230,719,379▲4.8% | $230,719,379▲4.8% | $318,546,201▲2.7% | $533,169,918▲7.2% | 990 |
| 2022 | $220,241,849▲5.0% | $220,241,849▲5.0% | $310,237,181▼2.7% | $497,414,310▼1.3% | 990 |
| 2021 | $209,731,652▲6.2% | $209,731,652▲6.2% | $318,744,666▲4.6% | $504,001,420▲3.2% | 990 |
| 2020 | $197,434,735▼4.7% | $197,434,735▼4.7% | $304,851,029▲6.3% | $488,553,193▲1.6% | 990 |
| 2019 | $207,111,552▼1.0% | $207,111,552▼1.0% | $286,904,479▲3.0% | $480,772,681▲1.0% | 990 |
| 2018 | $209,245,075▲4.8% | $209,245,075▲4.8% | $278,521,380▲2.8% | $475,847,972▲0.5% | 990 |
| 2017 | $199,574,965▼10.6% | $199,574,965▼10.6% | $270,830,276▲5.0% | $473,500,504▲7.6% | 990 |
| 2015 | $223,217,011▼1.3% | $223,217,011▼1.3% | $257,867,595▲1.0% | $439,954,984▲5.0% | 990 |
| 2014 | $226,238,120▲1.1% | $226,238,120▲11.9% | $255,240,730▲6.4% | $419,053,564▲3.2% | 990 |
| 2013 | $223,725,660 | $202,091,796▲2.2% | $239,843,357▲8.0% | $406,163,879▲8.6% | 990 |
| 2012 | — | $197,816,492▲0.5% | $222,007,698▲9.5% | $374,069,782▲11.2% | 990 |
| 2011 | — | $196,918,437▼0.8% | $202,655,746▲11.9% | $336,369,240▲6.3% | 990 |
| 2010 | — | $198,586,199 | $181,051,839 | $316,385,945 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Chris K Rhodes — $389,163 (0.16% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Chris K Rhodes | President / Ceo | 50 | $389,163 |
| Ryan R Robertson | Chief Financial Officer | 45 | $245,554 |
| Robert Chad Lewis | Vp of Operations | 50 | $237,254 |
| Jim Jordan | Vp of Engineering | 50 | $232,794 |
| Ollen D Mcalpin | Vp of Administration | 45 | $228,474 |
| Jennifer W Collins | Vp of Communications & Gov | 50 | $208,691 |
| John Joseph Hardin | Director of Plant and Faci | 45 | $171,700 |
| James Keith King | Director of Supply Chain | 40 | $154,869 |
| Charles Lowe | Director | 16.4 | $46,855 |
| Greg Sullivan | Director | 16.7 | $44,470 |
| Billy M Berry | Chariman/director | 19.5 | $40,160 |
| Haskins Montgomery | Secretary/director | 17.2 | $36,138 |
| Blaine H Eaton | Director | 18.5 | $35,535 |
| Richard Thoms | Vice-chairman/director | 16.9 | $32,393 |
| Staci L Rhodes | Director | 16.8 | $32,278 |
| Billy Parish | Director | 14.5 | $31,445 |
| Mims W Berry | Director | 14.1 | $31,050 |
| Fountaine Mcnair | Director | 15.9 | $30,556 |
| Jeffery Sims | Director | 14.6 | $27,965 |
| David Tadlock | Director | 9.9 | $21,342 |
| Contractor | Services | Paid |
|---|---|---|
| Asplundh Tree Expert Co | Right of Way Maintenance | $3,569,637 |
| Integrity Energy Maintenance LLC | Right of Way Maintenance | $3,353,424 |
| Wa Kendall and Company Inc | Right of Way Maintenance | $2,350,443 |
| Magnolia Utility Services LLC | Right of Way Maintenance | $2,112,003 |
| Harris Construction Inc | Office Renovations/general Plant Additio | $1,215,028 |
4 grants to Southern Pine Electric Cooperative totaling $60K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cooperative Energy A Mississippi Electric Cooperative | Economic development | 2015 | $15,000 |
| Cooperative Energy A Mississippi Electric Cooperative | Imp area healthcare | 2014 | $15,000 |
| Cooperative Energy A Mississippi Electric Cooperative | Economic development | 2014 | $15,000 |
| Cooperative Energy A Mississippi Electric Cooperative | Economic development | 2014 | $15,000 |
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Data for Southern Pine Electric Cooperative (EIN 64-0243969) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.