COLUMBUS ELECTRIC COOPERATIVE INC

EIN: 850094212

DEMING, NM

Total Revenue
$15,538,058
Total Expenses
$15,938,058
Total Assets
$52,317,721
Net Assets
$20,494,473
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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
1946
Legal Domicile
NM
Principal Officer
CHRISTOPHER MARTINEZ
Phone
5755468838
Tax Period
2023-01-01 to 2023-12-31

COLUMBUS ELECTRIC COOPERATIVE INC, founded in 1946, is a mid-sized nonprofit that reported $15.5M in total revenue in fiscal year 2023.

Mission

TO PROVIDE QUALITY AND RELIABLE ELECTRIC SERVICE TO MEMBERS 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 $15,325,137
Investment Income $188,992
Other Revenue $23,929
TOTAL REVENUE $15,538,058

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,618,522
Fundraising Expenses $0
Other Expenses $13,140,532
TOTAL EXPENSES $15,938,058

Year-over-Year Comparison

2023 2022 Change
Revenue $15,538,058 $14,462,340 +0.1%
Expenses $15,938,058 $14,462,340 +0.1%
Net Income $-400,000 $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
29
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
$313,036
Total Directors
9
$137,555
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY MASSEY PRESIDENT 3.70
Officer Director
$14,559 $0 $14,559
NANCY CLOPTON VICE PRESIDENT 2.60
Officer Director
$14,559 $0 $14,559
WILLIAM A SWIFT SECRETARY/TREASURER 3.40
Officer Director
$19,120 $0 $19,120
JOEL NANEZ ASST SECRETARY/TREASURER 2.40
Officer Director
$19,220 $0 $19,220
NANCY CLOUDT TRUSTEE 3.60
Director
$7,894 $0 $7,894
JOE JOHNSON TRUSTEE 3.60
Director
$19,120 $0 $19,120
HAL B KEELER TRUSTEE 2.70
Director
$8,094 $0 $8,094
SHANNON NUNN TRUSTEE 2.60
Director
$10,337 $0 $10,337
JAY PETERSON TRUSTEE 3.40
Director
$24,652 $0 $24,652
CHRISTOPHER MARTINEZ GENERAL MANAGER/EXECUTIVE VP 50.00
Officer
$154,215 $91,363 $245,578
BRYAN JACKSON OPERATIONS MANAGER 50.00
Highest
$129,437 $71,401 $200,838
DANIEL LOPEZ LINE SUPERINTENDENT 50.00
Highest
$115,220 $38,838 $154,058
RACHEL MARRUFO OFFICE MANAGER 50.00
Highest
$111,790 $57,822 $169,612
PEDRO SANCHEZ CREW FOREMAN 50.00
Highest
$108,530 $35,156 $143,686
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 $15,538,058 $15,938,058 $52,317,721 $-400,000
2022 $14,462,340 $14,462,340 $52,319,327 No data
2021 $15,018,624 $15,018,624 $51,291,020 No data
2020 $14,636,663 $14,636,663 $49,737,149 No data
2019 $14,837,764 $14,837,764 $44,609,722 No data
2018 $15,206,619 $15,046,858 $42,962,488 $159,761
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