LEA COUNTY ELECTRIC COOPERATIVE INC

EIN: 850096243

LOVINGTON, NM

Total Revenue
$110,564,018
Total Expenses
$111,537,451
Total Assets
$261,032,072
Net Assets
$106,786,849
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
NM
Principal Officer
BOBBY FERRIS
Phone
5753963631
Tax Period
2023-01-01 to 2023-12-31

LEA COUNTY ELECTRIC COOPERATIVE INC, founded in 1949, is a major nonprofit that reported $110.6M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

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

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $108,335,221
Investment Income $2,026,567
Other Revenue $202,230
TOTAL REVENUE $110,564,018

Expense Breakdown

Grants Paid $36,580
Salaries & Benefits $7,323,273
Fundraising Expenses $0
Other Expenses $94,675,393
TOTAL EXPENSES $111,537,451

Year-over-Year Comparison

2023 2022 Change
Revenue $110,564,018 $119,152,075 -0.1%
Expenses $111,537,451 $119,152,075 -0.1%
Net Income $-973,433 $0 N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
81
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
4
$615,662
Total Directors
9
$241,668
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN GRAHAM PRESIDENT 11.20
Officer Director
$29,445 $0 $29,445
CHARLES GARNER JR TRUSTEE 7.00
Director
$25,625 $0 $25,625
ROBERT CAUDLE VICE PRESIDENT 2.80
Officer Director
$25,423 $0 $25,423
CHARLES KINSOLVING TRUSTEE 4.70
Director
$30,646 $0 $30,646
KENNY WALLACE TRUSTEE 3.40
Director
$22,580 $0 $22,580
JASON SWANN TRUSTEE 2.90
Director
$24,075 $0 $24,075
DAN HARDIN SECRETARY/TREASURER 1.50
Officer Director
$22,724 $0 $22,724
TRAVIS GLENN TRUSTEE 2.80
Director
$22,988 $0 $22,988
RANDALL MCCORMICK TRUSTEE 7.10
Director
$38,162 $0 $38,162
BOBBY FERRIS GENERAL MANAGER/EXECUTIVE 60.00
Officer
$399,133 $138,937 $538,070
BOBBY KIMBRO SYSTEM OPERATING MANAGER 55.00
Highest
$222,230 $82,050 $304,280
DOUGLAS GRUENEWALD FOREMAN 55.00
Highest
$151,681 $73,695 $225,376
ALFREDO MELENDEZ LINE SUPERINTENDENT 55.00
Highest
$147,374 $84,067 $231,441
ARTHUR PANDO FOREMAN 55.00
Highest
$145,742 $56,674 $202,416
KYLE COLEMAN IT MANAGER 55.00
Highest
$139,652 $80,567 $220,219
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 $110,564,018 $111,537,451 $261,032,072 $-973,433
2022 $119,152,075 $119,152,075 $256,477,710 No data
2021 $95,597,033 $95,597,033 $232,536,118 No data
2020 $91,971,046 $91,971,046 $222,751,682 No data
2019 $99,141,098 $99,141,098 $217,662,086 No data
2018 $103,271,280 $103,271,280 $210,710,019 No data
Explore More Nonprofits
→Top 100 Nonprofits in New Mexico →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare LEA COUNTY ELECTRIC COOPERATIVE INC with other nonprofits in New Mexico and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.