Continental Divide Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Continental Divide Electric Cooperative Inc is a 501(c)(12) organization based in Grants, New Mexico, registered in 1957, with $71,202,638 in FY2024 revenue. CharityIndex grades it A.
Po Box 1087, Grants, NM, 87020 EIN 85-0094829 Since 1957
Revenue (FY2024)
$71.2M
▲ 2.3% vs prior year
Expenses (FY2024)
$72.5M
Net assets
$80.8M
Employees
104
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—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 Continental Divide 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 rating13 mo reserves · -2% 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 Continental Divide Electric Cooperative Inc: 13 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Continental Divide Electric Cooperative Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Continental Divide Electric Cooperative Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To provide quality and reliable electric service to members of the cooperative.
What they do
A separate cost center of the cooperative was created to provide broadband internet to its members through the construction of a fiber optic network. broadband internet services will be provided to members on a patronage basis through the allocation of patronage capital to the extent net margins exceed cumulative losses for such cost center. at the end of 2024 there were 5,751 subscribers to internet services.
Contact & location
- Address
- Po Box 1087, Grants, NM, 87020
- City
- Grants
- State
- New Mexico
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $51.4M (FY2013) to $71.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $103.2MNet assets $80.8M
Operating margin
-1.8%
Spent more than it raised in the latest fiscal year.
Total assets
$184.0M
Total liabilities
$103.2M
Net assets
$80.8M
Salaries & benefits
$8.8M
12% of expenses
Board members
8
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $71,202,638▲2.3% | $72,452,144▲6.1% | $80,761,525▲3.8% | $183,956,015▲3.2% | 990 |
| 2023 | $69,570,042▲6.8% | $68,268,909▲6.5% | $77,776,032▲10.4% | $178,320,530▲9.7% | 990 |
| 2022 | $65,112,432▲4.3% | $64,114,888▲2.5% | $70,424,807▲13.3% | $162,478,947▲11.4% | 990 |
| 2021 | $62,421,523▲1.3% | $62,543,816▲0.9% | $62,155,050▲6.7% | $145,895,673▲18.3% | 990 |
| 2020 | $61,597,021▼6.8% | $61,988,655▼6.8% | $58,235,462▲2.9% | $123,305,364▲7.0% | 990 |
| 2019 | $66,118,965▲1.2% | $66,546,843▲1.8% | $56,583,871▲0.8% | $115,276,697▲13.6% | 990 |
| 2018 | $65,307,250▲1.6% | $65,340,353▲1.7% | $56,150,553▲8.2% | $101,510,985▲16.4% | 990 |
| 2017 | $64,256,901▲5.2% | $64,256,901▲5.2% | $51,902,331▲0.4% | $87,171,407▲4.5% | 990 |
| 2016 | $61,060,976▲5.3% | $61,060,976▲5.3% | $51,684,286▲2.8% | $83,379,310▲3.0% | 990 |
| 2015 | $57,962,789▲6.3% | $57,962,789▲6.3% | $50,277,696▲5.7% | $80,934,924▲3.7% | 990 |
| 2014 | $54,536,576▲6.1% | $54,536,576▲6.1% | $47,578,568▲0.8% | $78,015,840▲17.9% | 990 |
| 2013 | $51,377,094 | $51,377,094▲4.1% | $47,197,561▲14.7% | $66,158,932▲6.6% | 990 |
| 2012 | — | $49,329,966▲2.8% | $41,151,654▲7.6% | $62,059,705▲3.5% | 990 |
| 2011 | — | $47,989,776▲13.1% | $38,247,296▼3.2% | $59,948,544▲2.1% | 990 |
| 2010 | — | $42,425,332 | $39,498,973 | $58,710,970 | 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: Robert Castillo — $469,193 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Castillo | General Manager & Ceo | 70 | $469,193 |
| Angela Evans | Manager of Operations & Safety | 50 | $183,650 |
| Veronica Barela | Cfo | 50 | $173,300 |
| Lee Maestas | Manager of Engineering Services | 45 | $163,182 |
| Elmer Rodarte | Line Foreman | 47 | $159,153 |
| Donna Venable | Regulatory and Rate Manager | 45 | $150,703 |
| Thomas Burke | Journeyman | 57 | $143,947 |
| David Miller | Line Superintendent | 40 | $142,870 |
| Marty Duran | Line Superintendent | 40 | $140,871 |
| Raul Sanchez | Line Foreman | 48 | $139,631 |
| Keith Gottlieb | President | 9.2 | $25,890 |
| Michael Chambers | Trustee | 6.8 | $18,986 |
| Blanche Clawson | Trustee | 6.2 | $17,260 |
| Joe Hoskins | Secretary/treasurer | 5.4 | $15,103 |
| Lloyd Ortega | Trustee | 5.2 | $14,671 |
| Benjamin Chavez | Trustee (may-dec) | 6.9 | $12,945 |
| Wes Malcolm | Trustee | 3.2 | $9,062 |
| Claudio Romero | Vice President | 2.9 | $8,199 |
| Alfred Saavedra | Trustee (jan-june) | 5.5 | $6,473 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Ward Systems LLC | Fiber Construction | $2,801,216 |
| Expanse Electrical Company LLC | Electric Make-ready Construction | $907,680 |
| T&d Con LLC | Electric Construction | $370,200 |
| Transmission & Distribution Services | Electrical Engineering | $353,706 |
| Aron's Tree Cutting Hauling Removal An | Tree Trimming | $353,200 |
Frequently asked questions
- Is Continental Divide Electric Cooperative Inc a legitimate nonprofit?
- Yes. Continental Divide Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 85-0094829, based in Grants, New Mexico.
- What is Continental Divide Electric Cooperative Inc's EIN?
- Continental Divide Electric Cooperative Inc's Employer Identification Number (EIN) is 85-0094829.
- How much revenue does Continental Divide Electric Cooperative Inc report?
- Continental Divide Electric Cooperative Inc reported $71,202,638 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Continental Divide Electric Cooperative Inc have?
- CharityIndex grades Continental Divide Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Continental Divide Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Continental Divide Electric Cooperative Inc's latest Form 990 is $469,193, paid to Robert Castillo (General Manager & Ceo).
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Explore more
Data for Continental Divide Electric Cooperative Inc (EIN 85-0094829) 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.