SIERRA ELECTRIC COOPERATIVE INC

EIN: 850093694

ELEPHANT BUTTE, NM

Total Revenue
$12,316,155
Total Expenses
$12,316,155
Total Assets
$28,908,480
Net Assets
$13,348,401
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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
1952
Legal Domicile
NM
Principal Officer
GUY PAYNE
Phone
5757445231
Tax Period
2024-01-01 to 2024-12-31

SIERRA ELECTRIC COOPERATIVE INC, founded in 1952, is a mid-sized nonprofit that reported $12.3M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ELECTRIC POWER 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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $12,091,876
Investment Income $144,316
Other Revenue $79,963
TOTAL REVENUE $12,316,155

Expense Breakdown

Grants Paid $20,380
Salaries & Benefits $1,453,972
Fundraising Expenses $0
Other Expenses $9,533,348
TOTAL EXPENSES $12,316,155

Year-over-Year Comparison

2024 2023 Change
Revenue $12,316,155 $11,186,332 +0.1%
Expenses $12,316,155 $11,186,332 +0.1%
Net Income $0 $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

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Governance

Voting Members
9
Independent Members
9
Employees
23
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
7
$295,884
Total Directors
10
$88,145
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE BIEL TREASURER (JAN-MARCH) 6.40
Officer Director
$6,993 $0 $6,993
DENNIS FRANKLIN TRUSTEE 1.80
Director
$9,722 $0 $9,722
TAMI GARRETT PRESIDENT 1.70
Officer Director
$9,379 $0 $9,379
JUDY SMITH TRUSTEE 1.80
Director
$8,307 $0 $8,307
DARRYL SULLIVAN TREASURER 5.00
Officer Director
$9,509 $0 $9,509
WARREN STRONG SECRETARY 2.60
Officer Director
$9,254 $0 $9,254
RAYMOND RUFFINI VICE PRESIDENT 4.00
Officer Director
$10,304 $0 $10,304
PAUL SCOTT TRUSTEE 1.50
Director
$9,254 $0 $9,254
RAY HODGES TRUSTEE 3.00
Director
$9,179 $0 $9,179
APRIL ROMERO TRUSTEE (APRIL-DEC) 2.00
Director
$6,244 $0 $6,244
DENISE BARRERA ASSISTANT GENERAL MANAGER 50.00
Officer
$178,919 $18,611 $197,530
GUY PAYNE EVP/GENERAL MANAGER (OCT-DEC) 50.00
Officer
$47,500 $5,415 $52,915
OFELIA MELENDEZ MANAGER OF FINANCE & ADMIN 40.30
Highest
$119,410 $42,020 $161,430
JOSE VILLA LINE SUPERINTENDENT 45.10
Highest
$118,376 $40,095 $158,471
JESSE ALEXANDER LINE FOREMAN 44.60
Highest
$103,148 $36,903 $140,051
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 $12,316,155 $12,316,155 $28,908,480 No data
2023 $11,186,332 $11,186,332 $27,818,405 No data
2022 $10,580,863 $10,580,863 $27,932,125 No data
2021 $9,920,270 $9,923,346 $28,287,663 $-3,076
2020 $10,082,559 $10,286,135 $25,979,520 $-203,576
2019 $9,716,690 $9,709,935 $24,982,442 $6,755
2018 $9,664,472 $9,664,472 $23,776,494 No data
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