OTERO COUNTY 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

1943

Legal Domicile

Principal Officer

MARIO ROMERO CEO

Phone

5756822521

Tax Period

2024-01-01 to 2024-12-31

OTERO COUNTY ELECTRIC COOPERATIVE INC, founded in 1943, is a mid-sized nonprofit that reported $37.5M in total revenue in fiscal year 2024.

Mission

PROVIDING MEMBERS WITH THE LOWEST COST, HIGHEST QUALITY, AND MOST RELIABLE ELECTRIC POWER, CONSISTENT WITH SOUND AND COST-EFFECTIVE BUSINESS PRACTICES, AND COLLABORATE WITH MEMBERS TO PROVIDE RESOURCES AND SERVICES THAT MAY BE BENEFICIAL TO OUR MEMBERS AND CITIZENS OF THE COMMUNITIES WE SERVE.

Program Service Accomplishments

Program 1

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,536 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,871,252

Investment Income $332,827

Other Revenue $322,346

TOTAL REVENUE $37,526,425

Expense Breakdown

Grants Paid $21,297

Salaries & Benefits $4,843,319

Fundraising Expenses $0

Other Expenses $28,855,469

TOTAL EXPENSES $37,579,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$37,526,425	$36,589,993	+0.0%
Expenses	$37,579,993	$36,589,993	+0.0%
Net Income	$-53,568	$0	N/A

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

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

$619,382

Total Directors

$179,072

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES MULCOCK	PRESIDENT	3.80	Officer Director	$19,183	$0	$19,183
CHERI HASS	TRUSTEE	4.00	Director	$26,319	$0	$26,319
DAVID POWERS	TRUSTEE	2.80	Director	$6,795	$0	$6,795
DENNY BURNETT	VICE PRESIDENT	4.20	Officer Director	$30,674	$0	$30,674
KENNETH BLAZER	TRUSTEE	4.00	Director	$1,382	$0	$1,382
MARTHA MILLS	SECRETARY	2.50	Officer Director	$17,523	$0	$17,523
PRESTON STONE	TRUSTEE	9.00	Director	$20,541	$0	$20,541
SCOTT SHAFER	TREASURER	3.60	Officer Director	$19,351	$0	$19,351
WILLIAM BIRD	TRUSTEE	3.50	Director	$17,187	$0	$17,187
TIMOTHY ALAN RABON	TRUSTEE	12.00	Director	$20,117	$0	$20,117
MARIO ROMERO	GENERAL MANAGER/CEO	45.00	Officer	$257,387	$84,279	$341,666
JULIA WALKER-GRINDER	CFO	46.00	Officer	$163,699	$27,286	$190,985
DELBERT LUCERO	ENGINEERING/OPERATIONS MANAGER	40.00	Highest	$146,078	$45,222	$191,300
SABEN LESSENTINE	AREA SUPERVISOR	40.00	Highest	$135,312	$67,490	$202,802
MARK MARTIN	AREA SUPERVISOR	40.00	Highest	$133,776	$35,758	$169,534
LANCE WRIGHT	STAKING SUPERVISOR	40.00	Highest	$131,864	$39,836	$171,700
MATTHEW CHAVEZ	CREW CHIEF	40.00	Highest	$125,945	$25,330	$151,275
DAMON MAREZ	FORMER IT MANAGER	0.00		$140,400	$0	$140,400

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	$37,526,425	$37,579,993	$131,784,028	$-53,568
2023	$36,589,993	$36,589,993	$126,273,690	No data
2022	$35,254,461	$35,255,004	$128,178,058	$-543
2021	$35,378,271	$35,371,491	$129,151,752	$6,780
2020	$35,310,941	$32,730,141	$118,933,838	$2,580,800
2019	$33,546,353	$36,127,153	$114,723,749	$-2,580,800
2018	$33,195,719	$33,195,719	$114,299,108	No data

OTERO COUNTY ELECTRIC COOPERATIVE INC