Kit Carson Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves
Kit Carson Electric Cooperative Inc is a 501(c)(12) organization based in Taos, New Mexico, registered in 1946, with $61,665,017 in FY2024 revenue. CharityIndex grades it A.
Po Box 578, Taos, NM, 87571 EIN 85-0081882 Since 1946
Revenue (FY2024)
$61.7M
▲ 4.1% vs prior year
Expenses (FY2024)
$62.5M
Net assets
$54.5M
Employees
114
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 Kit Carson 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 rating10 mo reserves · -1% 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 Kit Carson Electric Cooperative Inc: 10 mo reserves · -1% 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 Kit Carson 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 Kit Carson 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
Providing internet services to our members - 14,348 active services at year end were provided internet service on a cooperative basis through the allocation of patronage capital.
Contact & location
- Address
- Po Box 578, Taos, NM, 87571
- City
- Taos
- State
- New Mexico
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $42.3M (FY2013) to $61.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $111.8MNet assets $54.5M
Operating margin
-1.4%
Spent more than it raised in the latest fiscal year.
Total assets
$166.3M
Total liabilities
$111.8M
Net assets
$54.5M
Salaries & benefits
$8.6M
14% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $61,665,017▲4.1% | $62,505,878▲5.8% | $54,470,330▲12.3% | $166,275,215▲2.6% | 990 |
| 2023 | $59,264,641▲3.3% | $59,082,328▲3.7% | $48,498,431▲14.4% | $162,006,076▲4.6% | 990 |
| 2022 | $57,387,729▼5.4% | $56,958,123▼2.9% | $42,403,244▲15.8% | $154,898,345▲1.5% | 990 |
| 2021 | $60,631,894▲10.2% | $58,682,130▲7.8% | $36,606,853▲16.7% | $152,640,645▼3.6% | 990 |
| 2020 | $55,036,472▲1.2% | $54,437,785▲0.9% | $31,360,551▲7.1% | $158,315,864▼5.1% | 990 |
| 2019 | $54,382,608▲6.4% | $53,955,227▲6.2% | $29,269,914▲6.7% | $166,848,299▼3.7% | 990 |
| 2018 | $51,104,032▲6.0% | $50,825,773▲2.3% | $27,442,328▲0.5% | $173,334,770▼4.2% | 990 |
| 2017 | $48,189,077▲44.2% | $49,662,379▲10.2% | $27,292,549▼8.0% | $180,890,496▼3.7% | 990 |
| 2016 | $33,412,445▼17.4% | $45,052,006▲8.1% | $29,680,480▼28.0% | $187,797,856▲19.2% | 990 |
| 2015 | $40,449,110▼1.9% | $41,693,391▼10.3% | $41,248,164▼3.3% | $157,571,319▲4.6% | 990 |
| 2014 | $41,248,909▼2.4% | $46,480,609▲9.9% | $42,645,829▲1.1% | $150,707,422▲10.2% | 990 |
| 2013 | $42,281,729 | $42,281,719▲3.5% | $42,179,061▲3.4% | $136,729,247▼0.9% | 990 |
| 2012 | — | $40,863,763▲7.7% | $40,785,267▲3.4% | $137,943,750▲22.3% | 990 |
| 2011 | — | $37,944,072▲6.7% | $39,435,884▲2.6% | $112,782,081▲3.6% | 990 |
| 2010 | — | $35,568,388 | $38,422,520 | $108,824,563 | 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: Luis A Reyes Jr — $448,019 (0.72% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Luis A Reyes Jr | Ceo | 66 | $448,019 |
| Richard Martinez | Coo | 57 | $210,129 |
| John Shafto | Cfo | 47 | $196,861 |
| Carmella Suazo | Assistant Manager | 48 | $160,079 |
| Austin Martinez | Lead Lineman | 49 | $144,918 |
| Jose Lovato | Internet Manager | 50 | $131,005 |
| Carlos Rivera | Lead Lineman | 47 | $125,661 |
| Matthew Suazo | Lead Lineman | 47 | $120,303 |
| Robert Ortega Sr | President | 7 | $29,450 |
| Arthur Rodarte | Trustee | 3 | $26,600 |
| David Torres | Trustee | 3 | $25,250 |
| Russ A Coyle | Trustee | 3 | $22,700 |
| Luisa Valerio Mylet | Trustee | 3 | $22,623 |
| Bruce Jassman | Treasurer | 7 | $20,500 |
| Manuel Medina | Secretary | 5 | $19,700 |
| Bernie Torres | Trustee | 3 | $18,050 |
| Sylvia Vigil | Trustee | 3 | $13,339 |
| Martin Dimas | Trustee | 3 | $11,800 |
| Christobal Duran | Vice President | 7 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Triple R Excavation | Fiber Labor | $1,165,422 |
| T & D Services | Engineering | $946,095 |
| J & D Electrical Contractors | Fiber Labor | $583,939 |
| Crossroad Connections | Fiber Labor | $397,827 |
| The Spyglass Group LLC | Consulting | $307,222 |
Frequently asked questions
- Is Kit Carson Electric Cooperative Inc a legitimate nonprofit?
- Yes. Kit Carson Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 85-0081882, based in Taos, New Mexico.
- What is Kit Carson Electric Cooperative Inc's EIN?
- Kit Carson Electric Cooperative Inc's Employer Identification Number (EIN) is 85-0081882.
- How much revenue does Kit Carson Electric Cooperative Inc report?
- Kit Carson Electric Cooperative Inc reported $61,665,017 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Kit Carson Electric Cooperative Inc have?
- CharityIndex grades Kit Carson Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Kit Carson Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Kit Carson Electric Cooperative Inc's latest Form 990 is $448,019, paid to Luis A Reyes Jr (Ceo).
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Data for Kit Carson Electric Cooperative Inc (EIN 85-0081882) 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.