Roosevelt County Electric Cooperative Incorporated

Organization Overview

Roosevelt County Electric Cooperative Incorporated is located in Portales, NM. The organization was established in 1940. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Roosevelt County Electric Cooperative Incorporated employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roosevelt County Electric Cooperative Incorporated is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2019, Roosevelt County Electric Cooperative Incorporated generated $16.8m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $16.8m during the year ending 12/2019. While expenses have increased by 1.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SALES OF ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 6,060 ACTIVE SERVICES AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Antonio Sanchez Jr
General Manager/executive VP
$133,298
Deborah Goff
Accounting & Finance Manager
$83,076
Gordon C Duncan
Secretary/treasurer
$10,438
Wesley Brown
President
$10,193
Janet Collins
Trustee
$9,975
Gene Creighton
Trustee
$9,957

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Stoven Construction Inc
Contractor
$658,358
Torres And Sons
Contractor
$113,656
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$16,524,978
Investment income $353,465
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$127,040
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $800
Miscellaneous Revenue$0
Total Revenue $16,752,203

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