NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE INC

EIN: 850098999

CHAMA, NM

Total Revenue
$5,639,119
Total Expenses
$5,578,323
Total Assets
$20,965,067
Net Assets
$12,921,136
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
NM
Principal Officer
ANTHONY J MERCURE
Phone
5757562181
Tax Period
2025-01-01 to 2025-12-31

NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE INC, founded in 1948, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2025. Net assets of $12.9M represent 27 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE, QUALITY, AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,439,941
Investment Income $152,987
Other Revenue $46,191
TOTAL REVENUE $5,639,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,585,452
Fundraising Expenses $0
Program Expenses $5,578,323
Other Expenses $3,992,871
TOTAL EXPENSES $5,578,323

Year-over-Year Comparison

2025 2024 Change
Revenue $5,639,119 $5,417,737 +0.0%
Expenses $5,578,323 $5,375,507 +0.0%
Net Income $60,796 $42,230 +0.4%
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
7
Independent Members
7
Employees
16
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
$256,036
Total Directors
7
$37,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY J MERCURE VICE PRESIDENT & GENERAL MANAGER 40.00
Officer
$106,544 $23,589 $130,133
MARLA C ULIBARRI CONTROLLER 40.00
Officer
$85,113 $20,390 $105,503
THOMAS RIVAS TRUSTEE 3.80
Director
$7,950 $0 $7,950
DEBBIE F MANZANARES VICE PRESIDENT 8.20
Officer Director
$5,850 $0 $5,850
PAUL CORDOVA SECRETARY 1.60
Officer Director
$5,100 $0 $5,100
STEVE RENDON PRESIDENT 14.10
Officer Director
$4,800 $0 $4,800
DAVID MARTINEZ TRUSTEE 2.10
Director
$4,800 $0 $4,800
LEROY MARTINEZ TREASURER 3.20
Officer Director
$4,650 $0 $4,650
MICHAEL GOMEZ TRUSTEE 4.30
Director
$4,350 $0 $4,350
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
2025 $5,639,119 $5,578,323 $20,965,067 $60,796
2024 $5,417,737 $5,375,507 $20,334,213 $42,230
2023 $5,530,602 $5,269,581 $20,521,397 $261,021
2022 $4,982,294 $4,926,561 $20,527,146 $55,733
2021 $4,952,359 $4,875,859 $21,086,922 $76,500
2020 $4,833,948 $4,492,859 $21,259,698 $341,089
2019 $4,851,820 $4,595,743 $17,589,971 $256,077
2018 $4,561,445 $4,417,054 $16,850,862 $144,391
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