SEMO ELECTRIC COOPERATIVE
PO BOX 520, SIKESTON, MO 63801 gosemo.com

Total Revenue
$41,147,484
Total Expenses
$41,662,231
Net Assets
$63,112,090

Organizations Filed Purposes: TO MAKE PEOPLE'S LIVES BETTER BY PROVIDING SAFE, RELIABLE, LOW-COST ELECTRICITY, AND FIBER-FAST INTERNET, TV AND PHONE.

WE PROVIDE ELECTRICITY TO NEARLY 16,000 HOMES, FARMS, AND BUSINESSES. THE CO-OP OPERATES ON A SLIM MARGIN AS POWER COSTS ARE BETWEEN 50% TO 60% OF OVERALL BUDGET.

IN 2017, THE CO-OP STARTED ITS FIBER-TO-THE-HOME PROJECT. THE FIRST INSTALL OCCURRED IN MARCH 2018. MEMBERS ARE EXCITED ABOUT THE SERVICES. AS OF JULY 15, 2019, THERE WERE 2,000 SUBSCRIBERS. IT WILL TAKE 18 MONTHS TO COMPLETE BUILDOUT. AS OF MARCH 11, 2020, THERE WERE 3,488 CONNECTED SUBSCRIBERS, THE BUILDOUT IS SCHEDULED TO BE COMPLETED IN OUR TERRITORY BY THE END OF 2020.

THE COOPERATIVE INVESTS NEARLY TWO MILLION DOLLARS A YEAR TO TRIM TREES TO ENHANCE RELIABILITY. THE CO-OP HAS MORE THAN 2,600 MILES TO PROTECT. THE LINES NEED TRIMMED EVERY FOUR TO SIX YEARS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Sean VanslykeCEO40$216,345
Terry BuntingSERVICEMAN LINEMAN51$138,607
Larry KellySENIOR MANAGER OF ENGINEERING40$134,420
Martin VineyardSENIOR MANAGER OF OPERATIONS40$130,295
Chris FreedMANAGER OF FIBER CONSTRUCT40$124,098
Robert GilmerCONSTRUCTION CREW LINEMAN50$119,639
Keith HaynesBOARD MEMBER10.4$25,500
Myron HawesBOARD MEMBER7.69$19,975
Dennis FowlerBOARD MEMBER8.19$19,550
Dicky HanorBOARD MEMBER5.87$18,675
Glennon DirnbergerBOARD MEMBER7.94$16,575
Carla MooreBOARD MEMBER6.75$16,150
Carl EftinkBOARD MEMBER8.87$16,150
James DenekeASSISTANT TREASURER/SECRET8.25$15,725
John BledsoeVICE PRESIDENT7.09$15,300
Tim CoppageSECRETARY/TREASURER6.15$9,775
Hamil CorseBOARD MEMBER4.03$7,225
Richard FaulknerPRESIDENT7.69$5,950
Wayne CorseBOARD MEMBER3$1,700

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202022379349301162_public.xml