Central Valley Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Central Valley Electric Cooperative Inc is a 501(c)(12) organization based in Artesia, New Mexico, registered in 1953, with $75,043,858 in FY2024 revenue. CharityIndex grades it B+.
Po Box 230, Artesia, NM, 88211 EIN 85-0027414 Since 1953
Revenue (FY2024)
$75.0M
▲ 4.2% vs prior year
Expenses (FY2024)
$74.9M
Net assets
$125.9M
Employees
91
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Central Valley Electric Cooperative Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating20 mo reserves · +0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Central Valley Electric Cooperative Inc: 20 mo reserves · +0% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Central Valley Electric Cooperative Inc: 4 of 6 checks met earns a B on this criterion. See the exact thresholds →
BTransparency10% of the rating3 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Central Valley Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
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Mission
To provide electric energy to rural areas at cost on a cooperative basis.
Contact & location
- Address
- Po Box 230, Artesia, NM, 88211
- City
- Artesia
- State
- New Mexico
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $67.1M (FY2013) to $75.0M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $102.0MNet assets $125.9M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$227.9M
Total liabilities
$102.0M
Net assets
$125.9M
Salaries & benefits
$8.5M
11% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $75,043,858▲4.2% | $74,907,128▲4.3% | $125,925,271▲1.2% | $227,897,273▲2.1% | 990 |
| 2023 | $72,029,196▼19.5% | $71,836,785▼19.7% | $124,482,203▲2.2% | $223,211,520▼1.2% | 990 |
| 2022 | $89,450,287▲30.7% | $89,438,287▲30.2% | $121,850,601▼1.9% | $225,823,114▼0.2% | 990 |
| 2021 | $68,455,177▲17.3% | $68,674,406▲17.4% | $124,256,596▲0.7% | $226,227,506▲5.7% | 990 |
| 2020 | $58,349,908▼3.6% | $58,504,908▼3.2% | $123,411,670▲1.2% | $213,963,898▲1.0% | 990 |
| 2019 | $60,542,915▼7.8% | $60,449,915▼7.9% | $121,974,678▲1.8% | $211,880,949▲0.3% | 990 |
| 2018 | $65,666,511▼6.4% | $65,666,511▼6.4% | $119,809,181▼1.5% | $211,236,654▼1.9% | 990 |
| 2017 | $70,186,295▲5.7% | $70,186,295▲5.7% | $121,615,779▲6.4% | $215,372,637▲12.7% | 990 |
| 2016 | $66,399,351▼6.0% | $66,399,351▼6.0% | $114,338,342▲7.6% | $191,112,195▲5.8% | 990 |
| 2015 | $70,665,179▼6.3% | $70,665,179▼6.3% | $106,306,166▲11.2% | $180,719,993▲8.6% | 990 |
| 2014 | $75,379,032▲12.3% | $75,379,032▲12.3% | $95,590,982▲13.6% | $166,457,362▲13.6% | 990 |
| 2013 | $67,107,637 | $67,107,637▲14.9% | $84,149,642▲17.5% | $146,552,725▲15.7% | 990 |
| 2012 | — | $58,417,446▲2.9% | $71,625,616▲18.0% | $126,694,240▲11.1% | 990 |
| 2011 | — | $56,763,214▲31.5% | $60,702,820▲19.3% | $114,000,459▲12.1% | 990 |
| 2010 | — | $43,157,840 | $50,894,197 | $101,679,379 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Charles Pinson Jr — $286,160 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Charles Pinson Jr | General Manager & Executive Vp | 41.6 | $286,160 |
| Michael Anderson | Mgr of Finance & Administration | 40.3 | $184,174 |
| Philip Mckee | Mgr of Operations Engineering | 41.7 | $164,527 |
| Wade Nelson | Mgr of Distribution Engine | 43.7 | $151,382 |
| Aaron Horner | Line Superintendent | 40.7 | $144,414 |
| Nicholas Daley | Serviceman | 45.6 | $129,526 |
| Jarad George | Serviceman | 43.6 | $120,157 |
| Charles Wagner | President | 8.7 | $37,743 |
| Rusty Gwynne | Trustee | 9.2 | $33,372 |
| Wesley Pilley | Secretary/treasurer | 7.6 | $32,803 |
| Michael Bennett | Vice President | 7.7 | $32,368 |
| Steve Spence | Trustee | 7.1 | $32,262 |
| Jason Ciempa | Trustee | 6 | $31,839 |
| Larry Benedict | Trustee | 7.6 | $26,595 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Arc Power-line Construction | Construction Contractor | $1,476,742 |
| Deans Inc | Construction Contractor | $1,280,786 |
| Rma Engineering LLC | Engineering Surveys | $574,219 |
| Reliable Power Consultants | Engineering Surveys | $185,705 |
| Sgs Engineering LLC | Engineering Surveys | $179,178 |
Frequently asked questions
- Is Central Valley Electric Cooperative Inc a legitimate nonprofit?
- Yes. Central Valley Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 85-0027414, based in Artesia, New Mexico.
- What is Central Valley Electric Cooperative Inc's EIN?
- Central Valley Electric Cooperative Inc's Employer Identification Number (EIN) is 85-0027414.
- How much revenue does Central Valley Electric Cooperative Inc report?
- Central Valley Electric Cooperative Inc reported $75,043,858 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Central Valley Electric Cooperative Inc have?
- CharityIndex grades Central Valley Electric Cooperative Inc B+, based on financial health (reserves and operating margin).
- How much does Central Valley Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Central Valley Electric Cooperative Inc's latest Form 990 is $286,160, paid to Charles Pinson Jr (General Manager & Executive Vp).
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Data for Central Valley Electric Cooperative Inc (EIN 85-0027414) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.