MAGIC VALLEY ELECTRIC COOPERATIVE … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

BRIAN R ACOSTA

Phone

9565141200

Tax Period

2023-01-01 to 2023-12-31

MAGIC VALLEY ELECTRIC COOPERATIVE INC, founded in 1937, is a major nonprofit that reported $311.4M in total revenue in fiscal year 2023.

Mission

TO ENHANCE PEOPLE'S LIVES BY SAFELY PROVIDING THE MOST RELIABLE AND AFFORDABLE ELECTRIC SERVICE BY KEEPING OUR MEMBERS' BEST INTEREST IN MIND.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 150,164 ACTIVE SERVICES AT YEAR END.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $308,647,742

Investment Income $1,464,880

Other Revenue $1,300,716

TOTAL REVENUE $311,413,338

Expense Breakdown

Grants Paid $89,950

Salaries & Benefits $19,391,262

Fundraising Expenses $0

Other Expenses $264,502,678

TOTAL EXPENSES $311,236,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$311,413,338	$320,139,415	0.0%
Expenses	$311,236,338	$320,112,415	0.0%
Net Income	$177,000	$27,000	+5.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

323

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$723,760

Total Directors

$224,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA S MILLER	PRESIDENT	7.40	Officer Director	$38,500	$0	$38,500
ROLANDO ALANIZ	VICE PRESIDENT	5.60	Officer Director	$34,000	$0	$34,000
DOUGLAS MARTIN	SECRETARY/TREASURER	3.50	Officer Director	$26,750	$0	$26,750
FRANK FERRIS	ASST SECRETARY/TREASURER	5.30	Officer Director	$29,500	$0	$29,500
ADRIENNE PENA-GARZA	DIRECTOR	2.60	Director	$33,500	$0	$33,500
DAVID MORALES	DIRECTOR	5.60	Director	$34,000	$0	$34,000
JOSHUA KLOSTERMANN	DIRECTOR	4.00	Director	$28,000	$0	$28,000
BRIAN ACOSTA	GENERAL MANAGER	50.00	Officer	$275,075	$138,725	$413,800
SONIA SALAZAR-RANGEL	SERVICES DIVISION MANAGER	45.00	Officer	$147,687	$33,523	$181,210
ABRAHAM QUIROGA	CENTRAL DIVISION MANAGER	40.00	Highest	$164,463	$39,344	$203,807
DOMITILO CANTU	TECHNICAL SERVICES DIVISON MANAGER	40.00	Highest	$157,276	$29,311	$186,587
ELENO TORRES JR	LINEMAN A	57.00	Highest	$151,081	$28,997	$180,078
DEBORAH ZARATE BOCANEGRA	HUMAN RESOURCES MANAGER	40.00	Highest	$144,478	$37,521	$181,999
RENE SAENZ	INFORMATION TECHNOLOGY MANAGER	40.00	Highest	$139,634	$42,570	$182,204

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$311,413,338	$311,236,338	$636,948,801	$177,000
2022	$320,139,415	$320,112,415	$584,754,679	$27,000
2021	$266,758,522	$266,721,522	$542,158,549	$37,000
2020	$240,913,863	$240,686,863	$521,016,671	$227,000
2019	$237,932,929	$237,982,929	$492,236,085	$-50,000
2018	$235,832,800	$235,643,800	$458,621,928	$189,000

MAGIC VALLEY ELECTRIC COOPERATIVE INC