RIO GRANDE ELECTRIC COOP INC

EIN: 741062291

BRACKETTVILLE, TX

Total Revenue
$88,157,535
Total Expenses
$87,263,311
Total Assets
$223,780,436
Net Assets
$102,741,175
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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
1945
Legal Domicile
TX
Principal Officer
THERESA QUIROZ
Phone
8305632444
Tax Period
2023-01-01 to 2023-12-31

RIO GRANDE ELECTRIC COOP INC, founded in 1945, is a mid-sized nonprofit that reported $88.2M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE RELIABLE ELECTRICAL SERVICE TO MEMBERS AT AFFORDABLE RATES.

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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 $85,270,627
Investment Income $2,730,926
Other Revenue $155,982
TOTAL REVENUE $88,157,535

Expense Breakdown

Grants Paid $60,577
Salaries & Benefits $1,039,390
Fundraising Expenses $0
Other Expenses $77,445,139
TOTAL EXPENSES $87,263,311

Year-over-Year Comparison

2023 2022 Change
Revenue $88,157,535 $68,662,704 +0.3%
Expenses $87,263,311 $67,692,696 +0.3%
Net Income $894,224 $970,008 -0.1%
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
13
Independent Members
13
Employees
196
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
8
$1,087,148
Total Directors
14
$126,600
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIM EDWARDS PRESIDENT 3.50
Officer Director
$10,900 $0 $10,900
WILLIAM FOSTER VICE PRESIDENT 4.50
Officer Director
$12,450 $0 $12,450
PRISCILLA PARSONS SECRETARY 5.10
Officer Director
$10,400 $0 $10,400
JAMIE BALLEW TREASURER 4.30
Officer Director
$10,800 $0 $10,800
JAN METCALF DIRECTOR 1.80
Director
$8,400 $0 $8,400
HOWARD WAKEFIELD JR DIRECTOR 3.80
Director
$10,150 $0 $10,150
MARGARITA E NELSON DIRECTOR 3.70
Director
$10,300 $0 $10,300
ROWDY HOLMSLEY DIRECTOR (UNTIL 09/2023) 2.60
Director
$6,400 $0 $6,400
MARK DAUGHERTY DIRECTOR 4.10
Director
$10,400 $0 $10,400
BRYON GARRISON DIRECTOR 5.60
Director
$12,850 $0 $12,850
GRANT SPENCE DIRECTOR 2.60
Director
$11,200 $0 $11,200
HOWARD IVY DIRECTOR 2.20
Director
$8,650 $0 $8,650
SUSANA PEREZ DIRECTOR (BEG 11/2023) 2.00
Director
$1,450 $0 $1,450
DAMON HARRISON DIRECTOR (BEG 11/2023) 2.70
Director
$2,250 $0 $2,250
THERESA QUIROZ CEO 44.10
Officer
$247,734 $107,233 $354,967
LARRY POWELL CHIEF DEVELOPMENT OFFICER 46.70
Officer
$140,917 $113,544 $254,461
MARTHA GERARDO CHIEF HR OFFICER 42.60
Officer
$147,582 $68,295 $215,877
CONRAD DALTON CHIEF TECHNICAL OFFICER 43.00
Officer
$141,568 $75,725 $217,293
JAIME RAMIREZ JOURNEYMAN LINE FOREMAN 51.50
Highest
$129,080 $80,040 $209,120
JOSHUA HITE JOURNEYMAN LINEMAN 56.10
Highest
$126,742 $21,202 $147,944
JESUS RODRIGUEZ JOURNEYMAN LINE FOREMAN 53.20
Highest
$124,583 $55,060 $179,643
STEVE WRIGHT SENIOR OPERATIONS MANAGER 41.00
Highest
$126,921 $115,941 $242,862
GILBERTO VILLARREAL JOURNEYMAN LINEMAN 53.90
Highest
$135,714 $62,308 $198,022
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 $88,157,535 $87,263,311 $223,780,436 $894,224
2022 $68,662,704 $67,692,696 $208,802,297 $970,008
2021 $60,336,045 $60,336,045 $196,163,042 No data
2020 $59,786,421 $59,786,421 $175,640,103 No data
2019 $60,562,956 $60,562,956 $168,087,938 No data
2018 $54,327,898 $54,327,898 $149,146,982 No data
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