Strategy Studio is now furp.org. Same site, same data, new address. Please update your bookmarks (and anything that links to strategystudio.org); old links keep working by sending you here.

SOUTHWEST IOWA REC: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: SOUTHWEST IOWA REC (EIN 20-0538386)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-09-04
IRS object ID: 202502479349301105
Schema version: 2024v5.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule D
Schedule J
Schedule O

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-09-04T09:41:36-05:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	410746749	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	CLIFTONLARSONALLEN LLP	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	2689 COMMERCE DRIVE NW SUITE 201	AddressLine1Txt
City	ROCHESTER	CityNm
State Abbreviation	MN	StateAbbreviationCd
ZIP	55901	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	200538386	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SOUTHWEST IOWA REC	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	SOUT	BusinessNameControlTxt
Phone	8882204869	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1801 GROVE AVENUE	AddressLine1Txt
City	CORNING	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	508411623	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	PHIL KINSER	PersonNm
Person Title	CEO	PersonTitleTxt
Phone	8882204869	PhoneNum
Signature	2025-09-03	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (1)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	KATHERINE LUTZKE CPA	PreparerPersonNm
PTIN	P01760889	PTIN
Phone	5072802300	PhoneNum
Preparation	2025-09-02	PreparationDt

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	PHIL KINSER	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1801 GROVE AVENUE	AddressLine1Txt
City	CORNING	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	508411623	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$14,305,952	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c	Yes (X)	Organization501cInd
Website Address	WWW.SWIAREC.COOP	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	2004	FormationYr
Legal Domicile State	IA	LegalDomicileStateCd
Activity Or Mission	TO DISTRIBUTE ELECTRIC ENERGY TO OUR MEMBERS IN A MANNER CONSISTENT WITH SOUND BUSINESS PRACTICES.	ActivityOrMissionDesc
Voting Members Governing Body	10	VotingMembersGoverningBodyCnt
Voting Members Independent	10	VotingMembersIndependentCnt
Total Employee	33	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$11,989	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$0	PYContributionsGrantsAmt
CY Contributions Grants	$0	CYContributionsGrantsAmt
PY Program Service Revenue	$12,441,515	PYProgramServiceRevenueAmt
CY Program Service Revenue	$13,338,349	CYProgramServiceRevenueAmt
PY Investment Income	$94,549	PYInvestmentIncomeAmt
CY Investment Income	$88,047	CYInvestmentIncomeAmt
PY Other Revenue	$653,890	PYOtherRevenueAmt
CY Other Revenue	$759,704	CYOtherRevenueAmt
PY Total Revenue	$13,189,954	PYTotalRevenueAmt
CY Total Revenue	$14,186,100	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$324,500	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$494,044	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$256,249	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$278,302	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$12,038,468	PYOtherExpensesAmt
CY Other Expenses	$12,331,704	CYOtherExpensesAmt
PY Total Expenses	$12,619,217	PYTotalExpensesAmt
CY Total Expenses	$13,104,050	CYTotalExpensesAmt
PY Revenues Less Expenses	$570,737	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	$1,082,050	CYRevenuesLessExpensesAmt
Total Assets BOY	$44,485,689	TotalAssetsBOYAmt
Total Assets EOY	$49,599,324	TotalAssetsEOYAmt
Total Liabilities BOY	$25,362,944	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$29,274,157	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	$19,122,745	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	$20,325,167	NetAssetsOrFundBalancesEOYAmt
Mission	TO DISTRIBUTE ELECTRIC ENERGY TO OUR MEMBER-CONSUMERS OF RURAL RESIDENTIAL, SMALL COMMERCIAL, LARGE POWER AND PUBLIC AUTHORITY USERS IN A MANNER CONSISTENT WITH SOUND BUSINESS PRACTICES.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Desc	WE DISTRIBUTED ELECTRIC ENERGY TO 6,063 MEMBER-CONSUMERS OF RURAL RESIDENTIAL, SMALL COMMERCIAL, LARGE POWER AND PUBLIC AUTHORITY USERS IN A MANNER CONSISTENT WITH SOUND BUSINESS PRACTICES. WE INSTALLED 64 NEW SERVICES AND RETIRED 57 SERVICES. WE ADDED 39.14 MILES OF OVERHEAD LINE AND RETIRED 38.36 MILES OF OVERHEAD LINE. WE INSTALLED 2.08 MILES OF UNDERGROUND LINE AND RETIRED 0.36 MILES OF UNDERGROUND LINE.	Desc
Described In Section501c3	0	DescribedInSection501c3Ind
Schedule B Required	0	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	Yes (1)	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	0	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	Yes (1)	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	0	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	0	DisregardedEntityInd
Related Entity	0	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	38	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Backup Wthld Compliance	Yes (1)	BackupWthldComplianceInd
Employee	33	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	Yes (1)	UnrelatedBusIncmOverLimitInd
Form990 T Filed	Yes (1)	Form990TFiledInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Members And Shr Gross Income	$14,806,069	MembersAndShrGrossIncomeAmt
Other Sources Gross Income	$137,533	OtherSourcesGrossIncomeAmt
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	10	GoverningBodyVotingMembersCnt
Independent Voting Member	10	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	Yes (1)	MembersOrStockholdersInd
Election Of Board Members	Yes (1)	ElectionOfBoardMembersInd
Decisions Subject To Approva	Yes (1)	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	0	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	Yes (1)	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	0	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	SARAH NEWTON	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	8882204869	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	1801 GROVE AVENUE	AddressLine1Txt
City	CORNING	CityNm
State Abbreviation	IA	StateAbbreviationCd
ZIP	508411623	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (13 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt	Highest Compensated EmployeeHighestCompensatedEmployeeInd
MARILYN WERNER
PRESIDENT	5.87	Yes (X)	Yes (X)	$10,500	$0	$0
MARK HERZBERG
VICE PRESIDENT	2.67	Yes (X)	Yes (X)	$5,000	$0	$0
KAY FAST-DEYOE
SECRETARY	3.21	Yes (X)	Yes (X)	$6,250	$0	$0
JASON SMITH
TREASURER	2.95	Yes (X)	Yes (X)	$4,000	$0	$0
ADAM BOSWELL
DIRECTOR	2.35	Yes (X)		$1,250	$0	$0
DEENA MOORE
DIRECTOR	4.69	Yes (X)		$4,000	$0	$0
DANA MORGAN
DIRECTOR	1.35	Yes (X)		$2,750	$0	$0
DALE WALKUP
DIRECTOR	2.27	Yes (X)		$4,000	$0	$0
TERRY BARNES
DIRECTOR	4.25	Yes (X)		$6,000	$0	$0
ALAN SPENCER
DIRECTOR	1.17	Yes (X)		$4,000	$0	$0
BONNIE LARSON
DIRECTOR	3.10	Yes (X)		$5,500	$0	$0
PHIL KINSER
CEO/GENERAL MANAGER	40.00		Yes (X)	$187,558	$0	$37,494
JUSTIN MURPHY
DIRECTOR OF OPERATIONS	40.00			$111,208	$0	$35,745	Yes (X)

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$352,016	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$73,239	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	2	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	Yes (1)	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (3 entries)

Address Line1ContractorAddress/USAddress/AddressLine1Txt	CityContractorAddress/USAddress/CityNm	State AbbreviationContractorAddress/USAddress/StateAbbreviationCd	ZIPContractorAddress/USAddress/ZIPCd	ServicesServicesDesc	CompensationCompensationAmt
IES COMMERCIAL INC
PO BOX 27	HOLDREGE	NE	68949	LINE CONSTRUCTION	$1,936,333
STANLEY CONSULTANTS
225 IOWA AVENUE	MUSCATINE	IA	52761	ENGINEERING	$148,787
SBS INSPECTIONS
404 NORTH 4TH STREET	OLATHE	CO	81425	POLE INSPECTIONS	$138,975

Field	Value	IRS element (for citing)
Cntrct Rcvd Greater Than100 K	3	CntrctRcvdGreaterThan100KCnt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
ELECTRIC REVENUE	221000	$13,264,421	$13,264,421
MISC PROGRAM REVENUE	900099	$73,928	$73,928

Field	Value	IRS element (for citing)
Total Program Service Revenue	$13,338,349	TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$43,595	TotalRevenueColumnAmt
Exclusion	$43,595	ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

Field	Value	IRS element (for citing)
Other	$67,800	OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

Field	Value	IRS element (for citing)
Other	$23,348	OtherAmt

Gain Or Loss GainOrLossGrp

Field	Value	IRS element (for citing)
Other	$44,452	OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$44,452	TotalRevenueColumnAmt
Exclusion	$44,452	ExclusionAmt

Field	Value	IRS element (for citing)
Gross Sales Of Inventory	$130,851	GrossSalesOfInventoryAmt
Cost Of Goods Sold	$96,504	CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$34,347	TotalRevenueColumnAmt
Related Or Exempt Func Income	$22,358	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$11,989	UnrelatedBusinessRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
CAPITAL CREDITS	523000	$722,275	$722,275
MISCELLANEOUS REVENUE	900099	$3,082	$3,082

Field	Value	IRS element (for citing)
Other Revenue Total	$725,357	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$14,186,100	TotalRevenueColumnAmt
Related Or Exempt Func Income	$14,086,064	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$11,989	UnrelatedBusinessRevenueAmt
Exclusion	$88,047	ExclusionAmt

Benefits To Members BenefitsToMembersGrp

Field	Value	IRS element (for citing)
Total	$494,044	TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$278,302	TotalAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$883,347	TotalAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,428,592	TotalAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt
COST OF POWER	$6,513,842
DISTRIBUTION EXPENSE -	$1,217,388
DISTRIBUTION EXPENSE -	$900,841
ADMINISTRATIVE AND GENE	$766,465

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	$621,229	TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$13,104,050	TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$83,362	BOYAmt
EOY	$82,846	EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

Field	Value	IRS element (for citing)
BOY	$148,472	BOYAmt
EOY	$182,511	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$1,247,268	BOYAmt
EOY	$1,969,947	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$662,182	BOYAmt
EOY	$1,277,352	EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

Field	Value	IRS element (for citing)
BOY	$1,292,183	BOYAmt
EOY	$1,094,362	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$1,015,965	BOYAmt
EOY	$1,026,799	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$59,177,098	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$19,235,426	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$35,753,316	BOYAmt
EOY	$39,941,672	EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

Field	Value	IRS element (for citing)
BOY	$3,614,377	BOYAmt
EOY	$3,959,872	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$668,564	BOYAmt
EOY	$63,963	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$44,485,689	BOYAmt
EOY	$49,599,324	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$1,448,505	BOYAmt
EOY	$2,036,062	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$23,589,266	BOYAmt
EOY	$27,008,274	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$325,173	BOYAmt
EOY	$229,821	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$25,362,944	BOYAmt
EOY	$29,274,157	EOYAmt

Field	Value	IRS element (for citing)
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind

Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp

Field	Value	IRS element (for citing)
BOY	$0	BOYAmt
EOY	$0	EOYAmt

Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp

Field	Value	IRS element (for citing)
BOY	$19,122,745	BOYAmt
EOY	$20,325,167	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$19,122,745	BOYAmt
EOY	$20,325,167	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$44,485,689	BOYAmt
EOY	$49,599,324	EOYAmt

Field	Value	IRS element (for citing)
Info In Schedule O Part XI	Yes (X)	InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss	$1,082,050	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$120,372	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Separate Basis Fincl Stmt	Yes (X)	SeparateBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	Yes (1)	FederalGrantAuditRequiredInd
Federal Grant Audit Performed	Yes (1)	FederalGrantAuditPerformedInd

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$262,582	OtherCostOrOtherBasisAmt
Book Value	$262,582	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,122,841	OtherCostOrOtherBasisAmt
Depreciation	$900,341	DepreciationAmt
Book Value	$1,222,500	BookValueAmt

Equipment EquipmentGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$4,565,700	OtherCostOrOtherBasisAmt
Depreciation	$2,834,845	DepreciationAmt
Book Value	$1,730,855	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$52,225,975	OtherCostOrOtherBasisAmt
Depreciation	$15,500,240	DepreciationAmt
Book Value	$36,725,735	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$39,941,672	TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (3 entries)

DescDesc	Book ValueBookValueAmt	Method ValuationMethodValuationCd
PATRONAGE CAPITAL IN ASSOCIATED ORGANIZATION	$3,403,801	C
MEMBERSHIPS IN ASSOCIATED ORGANIZATIONS	$6,270	C
CAPITAL TERM CERTIFICATES	$549,801	C

Field	Value	IRS element (for citing)
Total Book Value Program Rltd	$3,959,872	TotalBookValueProgramRltdAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
CONSUMER DEPOSITS	$73,900
DEFERRED CREDITS	$155,921

Field	Value	IRS element (for citing)
Total Liability	$229,821	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$14,186,100	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$14,186,100	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$14,186,100	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$12,610,006	TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported	$0	ExpensesNotReportedAmt
Expenses Subtotal	$12,610,006	ExpensesSubtotalAmt
Other Expenses Not Included	$494,044	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$494,044	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$13,104,050	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
PART X, LINE 2:	THE COOPERATIVE IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(12) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED AT DECEMBER 31, 2024 AND 2023. THE COOPERATIVE HAS EVALUATED ITS TAX POSITIONS AND DETERMINED THAT IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024 AND 2023.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	PATRONAGE DIVIDENDS ALLOCATED 494,044.

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Compensation Survey	Yes (X)	CompensationSurveyInd
Board Or Committee Approval	Yes (X)	BoardOrCommitteeApprovalInd
Severance Payment	0	SeverancePaymentInd
Supplemental Nonqual Rtr Plan	0	SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm	0	EquityBasedCompArrngmInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	PHIL KINSER	PersonNm
Title	CEO/GENERAL MANAGER	TitleTxt
Base Compensation Filing Org	$187,558	BaseCompensationFilingOrgAmt
Compensation Based On Rltd Orgs	$0	CompensationBasedOnRltdOrgsAmt
Bonus Filing Organization	$0	BonusFilingOrganizationAmount
Bonus Related Organizations	$0	BonusRelatedOrganizationsAmt
Other Compensation Filing Org	$0	OtherCompensationFilingOrgAmt
Other Compensation Rltd Orgs	$0	OtherCompensationRltdOrgsAmt
Deferred Compensation Flng Org	$12,258	DeferredCompensationFlngOrgAmt
Deferred Comp Rltd Orgs	$0	DeferredCompRltdOrgsAmt
Nontaxable Benefits Filing Org	$25,236	NontaxableBenefitsFilingOrgAmt
Nontaxable Benefits Rltd Orgs	$0	NontaxableBenefitsRltdOrgsAmt
Total Compensation Filing Org	$225,052	TotalCompensationFilingOrgAmt
Total Compensation Rltd Orgs	$0	TotalCompensationRltdOrgsAmt
Comp Report Prior990 Filing Org	$0	CompReportPrior990FilingOrgAmt
Comp Report Prior990 Rltd Orgs	$0	CompReportPrior990RltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 6	ANY INDIVIDUAL ACTING FOR HIMSELF OR AS AN ACCREDITED REPRESENTATIVE OF AN ASSOCIATION, CORPORATION, PARTNERSHIP, OR ORGANIZATION, AND WHO CUSTOMARILY USES THE SERVICES RENDERED BY SOUTHWEST IOWA REC, MAY BECOME A MEMBER OF SOUTHWEST IOWA REC. ALL MEMBERS ARE CONSIDERED AS ONE CLASS; HOWEVER, FOR REVENUE CLASSIFICATION PURPOSES, CLASSES ARE DEFINED AS RESIDENTIAL, SMALL COMMERCIAL, LARGE COMMERCIAL, PUBLIC AUTHORITY AND RESALE.
FORM 990, PART VI, SECTION A, LINE 7A	ALL COOPERATIVE MEMBERS (ALL CONSIDERED ONE CLASS) ARE ENTITLED TO CAST ONE VOTE FOR EACH DIRECTOR THAT HAS BEEN NOMINATED TO SERVE ON THE GOVERNING BOARD OF SOUTHWEST IOWA REC. CANDIDATES FOR ELECTION ON THE BOARD OF DIRECTORS ARE NOMINATED BY A NOMINATING COMMITTEE, WHICH COMMITTEE IS ELECTED BY THE BOARD. THERE IS A PROCESS INCLUDED IN THE ARTICLES OF INCORPORATION AND BY-LAWS THAT PROVIDE FOR NOMINATION BY PETITION, WHEREBY 20 PEOPLE CAN PLACE ANY QUALIFIED PERSON ON THE BALLOT FOR ELECTION. THE ELECTION IS HELD AT THE ANNUAL MEETING OF MEMBERS. THE COOPERATIVE IS MADE UP OF TWO REGIONS AND EACH VOTING MEMBER IS ENTITLED TO CAST ONE VOTE FOR EACH DIRECTOR TO BE ELECTED FROM THE MEMBER'S REGION.
FORM 990, PART VI, SECTION A, LINE 7B	SOME DECISIONS OF THE GOVERNING BOARD ARE SUBJECT TO THE MEMBERS' APPROVAL AS FOLLOWS: SALE OF CERTAIN ASSETS; CONSOLIDATION OF ASSETS. MEMBERS MAY ALSO: CONTROL THE DISPOSITION OF REVENUE AND RECEIPTS; ALTER, AMEND OR REPEAL BY-LAWS BY A VOTE OF 75% OF THE MEMBERS PRESENT OR REPRESENTED. EACH MEMBER IS ENTITLED TO ONE VOTE. THE ARTICLES OF INCORPORATION MAY ONLY BE CHANGED BY THE MEMBERS.
FORM 990, PART VI, SECTION A, LINE 8B	THE COOPERATIVE DOES NOT HAVE COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
FORM 990, PART VI, SECTION B, LINE 11B	A COPY OF THE PREPARED FORM 990, INCLUDING ANY APPLICABLE SCHEDULES AND ATTACHMENTS, IS PROVIDED TO ALL OF THE MEMBERS OF THE BOARD OF DIRECTORS FOR THEIR REVIEW AT A BOARD MEETING PRIOR TO SUBMITTING THE FORM 990 TO THE IRS.
FORM 990, PART VI, SECTION B, LINE 12C	ANNUALLY, AND OTHERWISE UPON THE SEATING OF ANY NEW BOARD MEMBER, A DISCLOSURE OF CONFLICT OF INTEREST STATEMENT WILL BE SIGNED BY EACH DIRECTOR AND THE CEO/GENERAL MANAGER. IT IS THE RESPONSIBILITY OF THE BOARD PRESIDENT TO ADDRESS ANY CONFLICTS OF INTEREST AND TO TAKE APPROPRIATE ACTION IF ANYONE HAS BEEN DEEMED NOT ADHERING TO THIS POLICY. SUCH ACTION MAY INCLUDE BEING RECUSED FROM DISCUSSION AND VOTE.
FORM 990, PART VI, SECTION B, LINE 15A	THE CEO'S COMPENSATION IS REVIEWED ANNUALLY BY THE GOVERNING BOARD OF DIRECTORS. THIS PROCESS INCLUDES USING COMPARABILITY DATA OF SIMILAR POSITIONS IN THE ELECTRIC INDUSTRY, AS WELL AS OTHER INDUSTRIES. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024.
FORM 990, PART VI, SECTION C, LINE 19	SOUTHWEST IOWA REC MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES UPON REQUEST.
FORM 990, PART XI, LINE 9:	PATRONAGE DIVIDENDS ALLOCATED 494,044. RETIREMENT OF CAPITAL CREDITS -370,837. CHANGES IN OTHER EQUITIES -2,835.