MAGIC VALLEY ELECTRIC COOPERATIVE INC

EIN: 740758801

MERCEDES, TX

Total Revenue
$311,413,338
Total Expenses
$311,236,338
Total Assets
$636,948,801
Net Assets
$332,914,758
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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
TX
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 PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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%)

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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

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Governance

Voting Members
7
Independent Members
7
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
6
$723,760
Total Directors
7
$224,250
Key Employees
0
$0
Highest Compensated
5
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
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