SANTA FE, NM
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW MEXICO RURAL ELECTRIC COOPERATIVE ASSOCIATION INC, founded in 1954, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.
THE MISSION OF THE NEW MEXICO RURAL ELECTRIC COOPERATIVES (NMREC) IS TO ADVANCE PROTECT AND ADVOCATE MEMBER INTERESTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,318,252 | $2,014,147 | +0.2% |
| Expenses | $2,340,724 | $2,207,785 | +0.1% |
| Net Income | $-22,472 | $-193,638 | -0.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TIMOTHY MORROW | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARLES WAGNER | VICE PRESIDENT | 7.00 |
Officer
Director
|
$0 | $0 | $0 |
| DUANE FROST | SECRETARY/TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRIS MARTINEZ | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KEITH GOTTLIEB | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CHARLES T PINSON JR | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| THOMAS RIVAS | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| PRESTON STONE | TRUSTEE | 4.60 |
Director
|
$0 | $0 | $0 |
| ANTONIO SANCHEZ | TRUSTEE | 3.00 |
Director
|
$0 | $0 | $0 |
| GENE CREIGHTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE BIEL | TRUSTEE | 5.00 |
Director
|
$0 | $0 | $0 |
| WAYNE CONNELL | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| BOBBY FERRIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDITH HOLCOMB | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JAMES ORTIZ | TRUSTEE | 2.00 |
Director
|
$0 | $0 | $0 |
| MANUEL BUSTOS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOE REESER | TRUSTEE | 8.00 |
Director
|
$0 | $0 | $0 |
| CHARISE SWANSON | CEO & GENERAL MANAGER | 60.00 |
Officer
|
$219,876 | $36,760 | $256,636 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,318,252 | $2,340,724 | $572,887 | $-22,472 |
| 2022 | $2,014,147 | $2,207,785 | $552,094 | $-193,638 |
| 2021 | $1,814,637 | $1,778,721 | $642,696 | $35,916 |
| 2020 | $1,904,194 | $1,861,848 | $659,270 | $42,346 |
| 2019 | $1,900,051 | $1,929,329 | $630,916 | $-29,278 |
| 2018 | $1,950,988 | $1,930,290 | $764,448 | $20,698 |
Compare NEW MEXICO RURAL ELECTRIC COOPERATIVE ASSOCIATION INC with other nonprofits in New Mexico and across the country.