CENTRAL VALLEY ELECTRIC COOPERATIVE INC

EIN: 850027414

ARTESIA, NM

Total Revenue
$72,029,196
Total Expenses
$71,836,785
Total Assets
$223,211,520
Net Assets
$124,482,203
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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
NM
Principal Officer
CHARLES PINSON
Phone
5757463571
Tax Period
2023-01-01 to 2023-12-31

CENTRAL VALLEY ELECTRIC COOPERATIVE INC, founded in 1937, is a mid-sized nonprofit that reported $72.0M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year.

Mission

TO PROVIDE ELECTRIC ENERGY TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

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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 $71,336,039
Investment Income $662,539
Other Revenue $30,618
TOTAL REVENUE $72,029,196

Expense Breakdown

Grants Paid $10,718
Salaries & Benefits $8,017,783
Fundraising Expenses $0
Other Expenses $59,506,742
TOTAL EXPENSES $71,836,785

Year-over-Year Comparison

2023 2022 Change
Revenue $72,029,196 $89,450,287 -0.2%
Expenses $71,836,785 $89,438,287 -0.2%
Net Income $192,411 $12,000 +15.0%
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
92
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
5
$891,569
Total Directors
7
$216,059
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES WAGNER PRESIDENT 7.90
Officer Director
$32,828 $0 $32,828
MICHAEL BENNETT VICE PRESIDENT 7.90
Officer Director
$33,268 $0 $33,268
WESLEY PILLEY SECRETARY/TREASURER 6.10
Officer Director
$30,547 $0 $30,547
JASON CIEMPA TRUSTEE 4.90
Director
$30,118 $0 $30,118
STEVE SPENCE TRUSTEE 6.00
Director
$31,142 $0 $31,142
LARRY BENEDICT TRUSTEE 7.70
Director
$25,876 $0 $25,876
RUSTY GWYNNE TRUSTEE 9.20
Director
$32,280 $0 $32,280
CHARLES PINSON JR GENERAL MANAGER & EXECUTIVE VP 41.60
Officer
$263,021 $207,377 $470,398
MICHAEL ANDERSON MGR OF FINANCE & ADMINISTRATION 40.30
Officer
$179,806 $144,722 $324,528
PHILIP MCKEE MGR OF OPERATIONS ENGINEERING 40.00
Highest
$158,139 $56,541 $214,680
WADE NELSON MGR OF DISTRIBUTION ENGINEERING 43.30
Highest
$147,320 $74,494 $221,814
AARON HORNER LINE SUPERINTENDENT 40.70
Highest
$129,852 $103,504 $233,356
NICHOLAS DALEY SERVICEMAN 44.80
Highest
$122,914 $39,737 $162,651
LUKE DAVIS SERVICEMAN 44.00
Highest
$122,764 $37,686 $160,450
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 $72,029,196 $71,836,785 $223,211,520 $192,411
2022 $89,450,287 $89,438,287 $225,823,114 $12,000
2021 $68,455,177 $68,674,406 $226,227,506 $-219,229
2020 $58,349,908 $58,504,908 $213,963,898 $-155,000
2019 $60,542,915 $60,449,915 $211,880,949 $93,000
2018 $65,666,511 $65,666,511 $211,236,654 No data
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