ROOSEVELT COUNTY ELECTRIC COOPERATIVE INC

EIN: 850065332

PORTALES, NM

Total Revenue
$19,623,353
Total Expenses
$19,583,647
Total Assets
$69,501,029
Net Assets
$22,338,576
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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
NM
Principal Officer
ERIC SEGOVIA
Phone
5753564491
Tax Period
2023-01-01 to 2023-12-31

ROOSEVELT COUNTY ELECTRIC COOPERATIVE INC, founded in 1940, is a mid-sized nonprofit that reported $19.6M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

TO PROVIDE SAFE, RELIABLE AND AFFORDABLE ELECTRICAL SERVICE TO THE MEMBERS WE SERVE.

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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 $19,377,639
Investment Income $234,431
Other Revenue $11,283
TOTAL REVENUE $19,623,353

Expense Breakdown

Grants Paid $3,699
Salaries & Benefits $3,095,743
Fundraising Expenses $0
Other Expenses $15,283,156
TOTAL EXPENSES $19,583,647

Year-over-Year Comparison

2023 2022 Change
Revenue $19,623,353 $20,923,843 -0.1%
Expenses $19,583,647 $20,906,042 -0.1%
Net Income $39,706 $17,801 +1.2%
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
50
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
$486,901
Total Directors
7
$74,546
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GENE CREIGHTON TRUSTEE 4.00
Director
$13,456 $0 $13,456
JANET COLLINS PRESIDENT 2.00
Officer Director
$10,379 $0 $10,379
GORDON C DUNCAN SECRETARY/TREASURER 2.00
Officer Director
$10,111 $0 $10,111
LEON NALL TRUSTEE 2.00
Director
$10,413 $0 $10,413
CHARLES BENNETT JR VICE-PRESIDENT 2.00
Officer Director
$11,016 $0 $11,016
BRANDON DEWBRE TRUSTEE 2.00
Director
$9,044 $0 $9,044
BILLY CATHEY TRUSTEE 1.00
Director
$10,127 $0 $10,127
ERIC SEGOVIA EXECUTIVE VP/GENERAL MANAGER 45.00
Officer
$142,500 $39,810 $182,310
PRESTON ELKINS ACCTING & FINANCE MANAGER 50.00
Officer
$99,841 $32,662 $132,503
JEREMY NEAL ENGINEERING MANAGER 45.00
Officer
$103,368 $37,214 $140,582
COLT BANISTER JOURNEYMAN 40.00
Highest
$103,030 $17,306 $120,336
MATT NEECE LINE FOREMAN 40.00
Highest
$104,582 $13,866 $118,448
SAMUEL VILLANUEVA LINE SUPERINTENDANT 45.00
Highest
$107,881 $40,901 $148,782
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 $19,623,353 $19,583,647 $69,501,029 $39,706
2022 $20,923,843 $20,906,042 $63,862,947 $17,801
2021 $18,141,245 $18,146,105 $65,511,753 $-4,860
2020 $17,600,289 $17,599,913 $61,263,403 $376
2019 $16,752,203 $16,751,757 $57,328,466 $446
2018 $16,338,259 $16,338,187 $53,386,764 $72
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