Southwest Rural Electric Association, Inc.
- Jeff SimpsonCeo · Form 990
- Ronnie SwanPresident · Form 990
- Karen RivetManager Of F · Form 990
- Mike WolfeMgr Of Opera · Form 990
- Barry HoltMgr Of Mbr R · Form 990
How we got $22.7M
Based on IRS Form 990 (2024).
What we know
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SOUTHWEST RURAL ELECTRIC ASSOCIATION, INC. this business | $22.7M | — |
| COTTON ELECTRIC COOPERATIVE, INC. Walters · 80 employees | $86.0M | 48.4 mi |
| THUNDERSTRUCK ENERGY, LLC Elk City · 1 employees | $1.0M | 60.0 mi |
| NORTHFORK ELECTRIC COOPERATIVE, INC. Sayre · 33 employees | $24.5M | 63.3 mi |
| CKENERGY ELECTRIC COOPERATIVE INC. Binger · 92 employees | $165.0M | 68.9 mi |
The full calculation
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.
| Revenue range | $21.6M – $23.9M |
| EBITDA range | $2.1M – $2.3M |
| Industry (NAICS) | Electric Power Distribution (221122) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
Advisors
- AccountingBriscoe Burke & Grigsby LLPPrepared its Form 990
- BankingFrazer BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Frazer Bank PPP 2020 | All 177 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/15/2020 | first | $551K | 31 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Southwest Rural Electric Association, Inc.
Southwest Rural Electric Association, Inc. is an electric power distribution company in Tipton, Oklahoma, in business since 1995. It is owned by Dan Lambert (CEO). Its reported annual revenue is about $22.7M, with roughly $2.2M of EBITDA. It has about 31 employees.
Common questions
- Who owns Southwest Rural Electric Association, Inc.?
- Southwest Rural Electric Association, Inc. is owned by Dan Lambert (CEO), according to public sources such as the company's website or filings.
- How much revenue does Southwest Rural Electric Association, Inc. make?
- Southwest Rural Electric Association, Inc. reported revenue of about $22.7M.
- How many employees does Southwest Rural Electric Association, Inc. have?
- About 31, as reported on its PPP loan.
- When was Southwest Rural Electric Association, Inc. founded?
- Southwest Rural Electric Association, Inc. has been in business since 1995.