Sangre de Cristo Electric Association Inc

EIN: 840313075

Buena Vista, CO

Total Revenue
$23,854,613
Total Expenses
$23,854,613
Total Assets
$73,032,975
Net Assets
$25,414,895
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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
1940
Legal Domicile
CO
Principal Officer
Gary Kelly
Tax Period
2023-01-01 to 2023-12-31

Sangre de Cristo Electric Association Inc, founded in 1940, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2023.

Mission

To provide reliable electric power and related services to our members at the most affordable cost.

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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 $23,393,549
Investment Income $391,655
Other Revenue $69,409
TOTAL REVENUE $23,854,613

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,248,410
Fundraising Expenses $0
Other Expenses $20,463,436
TOTAL EXPENSES $23,854,613

Year-over-Year Comparison

2023 2022 Change
Revenue $23,854,613 $22,796,284 +0.0%
Expenses $23,854,613 $22,790,506 +0.0%
Net Income $0 $5,778 -1.0%
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
52
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
3
$892,560
Total Directors
9
$98,400
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Kelly COOCEO 44.00
Officer
$263,701 $90,638 $354,339
Paul A Erickson CEO Jan-April 40.00
$226,107 $121,500 $347,607
Sarah McMahon CAO 40.00
Officer
$225,580 $71,882 $297,462
Sarah Crites Manager of Finance 43.00
Officer
$172,105 $68,654 $240,759
Cory Wagner Working Foreman 46.00
Highest
$145,154 $50,133 $195,287
Preston Ellis Working Foreman 45.00
Highest
$137,852 $50,194 $188,046
Matthew Shepherd Lead Lineman 46.00
Highest
$134,940 $42,993 $177,933
Lucas Montgomery Lead Lineman 47.00
Highest
$143,742 $32,539 $176,281
Joshua Saar Lead Lineman 45.00
Highest
$135,818 $36,478 $172,296
Sandra Attebery Chair 10.00
Director
$15,200 $0 $15,200
Dan Daly Treasurer 5.00
Director
$14,200 $0 $14,200
Joseph Redetzke Chair 13.00
Director
$12,800 $0 $12,800
Charles A Abel Vice Chair 5.00
Director
$12,350 $0 $12,350
Blake Bennetts Secretary 4.00
Director
$10,525 $0 $10,525
Nicholas Hellbusch Director 4.00
Director
$10,450 $0 $10,450
Michael Robinson Director 9.00
Director
$8,500 $0 $8,500
Mark W Boyle Treasurer 8.00
Director
$7,250 $0 $7,250
Jeffrey Fiedler Director 10.00
Director
$7,125 $0 $7,125
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 $23,854,613 $23,854,613 $73,032,975 No data
2022 $22,796,284 $22,790,506 $71,370,750 $5,778
2021 $21,947,475 $21,953,253 $69,491,983 $-5,778
2020 $21,878,353 $21,878,353 $64,290,455 No data
2019 $21,925,776 $21,925,776 $61,620,890 No data
2018 $20,544,832 $20,287,308 $61,662,593 $257,524
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