JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC

EIN: 850098061

ESPANOLA, NM

Total Revenue
$56,355,734
Total Expenses
$55,334,844
Total Assets
$146,446,207
Net Assets
$61,242,193
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1943
Legal Domicile
NM
Principal Officer
JOSEPH HERRERA
Phone
5057532105
Tax Period
2023-01-01 to 2023-12-31

JEMEZ MOUNTAINS ELECTRIC COOPERATIVE INC, founded in 1943, is a mid-sized nonprofit that reported $56.4M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RELIABLE AND AFFORDABLE POWER THROUGHOUT SERVICE AREAS 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 $56,083,904
Investment Income $75,881
Other Revenue $195,949
TOTAL REVENUE $56,355,734

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,001,084
Fundraising Expenses $0
Other Expenses $45,333,760
TOTAL EXPENSES $55,334,844

Year-over-Year Comparison

2023 2022 Change
Revenue $56,355,734 $50,528,193 +0.1%
Expenses $55,334,844 $53,920,769 +0.0%
Net Income $1,020,890 $-3,392,576 -1.3%
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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Governance

Voting Members
11
Independent Members
11
Employees
138
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
8
$569,306
Total Directors
11
$84,859
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS TRUJILLO PRESIDENT 11.90
Officer Director
$13,322 $0 $13,322
MANUEL BUSTOS VICE PRESIDENT 9.90
Officer Director
$10,989 $0 $10,989
MARCELINA MARTINEZ SECRETARY 5.30
Officer Director
$8,626 $0 $8,626
DOLORES MCCOY TREASURER 8.90
Officer Director
$9,588 $0 $9,588
JOHN RAMON VIGIL TRUSTEE 5.80
Director
$7,943 $0 $7,943
ELIAS CORIZ TRUSTEE 7.20
Director
$11,507 $0 $11,507
HENRY ROYBAL ASST SECRETARY/TREASURER (AUG-DEC) 5.40
Officer Director
$3,046 $0 $3,046
DENNIS GALLEGOS TRUSTEE 5.20
Director
$5,570 $0 $5,570
LUCAS CORDOVA JR TRUSTEE 4.00
Director
$6,252 $0 $6,252
DANNY VELARDE TRUSTEE (AUG-DEC) 3.20
Director
$1,443 $0 $1,443
MARISSA MAESTAS-MULLER TRUSTEE 4.40
Director
$6,573 $0 $6,573
MICHAEL HASTINGS GENERAL MANAGER/CEO 55.00
Officer
$186,684 $18,927 $205,611
DENNIS G ASTLEY ASSISTANT GENERAL MANAGER 55.00
Officer
$174,025 $18,981 $193,006
GERALDINE ROMERO CFO 55.00
Officer
$115,158 $9,960 $125,118
RANDY VIGIL OPERATIONS MANAGER 55.00
Highest
$136,794 $12,224 $149,018
LEE QUINTANA JOURNEYMAN LINEMAN 55.00
Highest
$134,274 $7,640 $141,914
JONATHAN ROMERO JOURNEYMAN LINEMAN 55.00
Highest
$138,677 $20,246 $158,923
ISAAC TRUJILLO JOURNEYMAN LINEMAN 55.00
Highest
$144,092 $11,963 $156,055
CARLOS SALAZER JOURNEYMAN LINEMAN 55.00
Highest
$133,646 $11,100 $144,746
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 $56,355,734 $55,334,844 $146,446,207 $1,020,890
2022 $50,528,193 $53,920,769 $130,408,510 $-3,392,576
2022 $50,528,193 $53,920,769 $130,408,510 $-3,392,576
2021 $49,848,005 $48,992,489 $130,164,432 $855,516
2021 $49,848,005 $48,992,489 $130,164,432 $855,516
2020 $48,862,610 $50,203,287 $131,345,600 $-1,340,677
2020 $48,862,610 $50,203,287 $131,345,600 $-1,340,677
2019 $54,760,962 $54,760,962 $124,544,113 No data
2019 $54,760,962 $54,760,962 $124,544,113 No data
2018 $54,247,500 $54,247,500 $122,035,740 No data
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