Lea County Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Lea County Electric Cooperative Inc is a 501(c)(12) organization based in Lovington, New Mexico, registered in 1951, with $111,576,586 in FY2024 revenue. CharityIndex grades it B.
1300 W Avenue D, Lovington, NM, 88260 EIN 85-0096243 Since 1951
Revenue (FY2024)
$111.6M
▲ 0.9% vs prior year
Expenses (FY2024)
$113.0M
Net assets
$113.6M
Employees
82
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 Lea County 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 rating12 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 Lea County Electric Cooperative Inc: 12 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
C+Governance25% of the rating3 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 Lea County Electric Cooperative Inc: 3 of 6 checks met earns a C+ 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 Lea County Electric Cooperative Inc: 3 of 5 disclosure signals earns a B on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
To provide electric energy to rural areas at cost on a cooperative basis.
Contact & location
- Address
- 1300 W Avenue D, Lovington, NM, 88260
- City
- Lovington
- State
- New Mexico
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $86.9M (FY2013) to $111.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $156.8MNet assets $113.6M
Operating margin
-1.3%
Spent more than it raised in the latest fiscal year.
Total assets
$270.4M
Total liabilities
$156.8M
Net assets
$113.6M
Salaries & benefits
$7.4M
7% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $111,576,586▲0.9% | $113,017,831▲1.3% | $113,550,479▲6.3% | $270,363,692▲3.6% | 990 |
| 2023 | $110,564,018▼7.2% | $111,537,451▼6.4% | $106,786,849▲4.9% | $261,032,072▲1.8% | 990 |
| 2022 | $119,152,075▲24.6% | $119,152,075▲24.6% | $101,757,121▲2.6% | $256,477,710▲10.3% | 990 |
| 2021 | $95,597,033▲3.9% | $95,597,033▲3.9% | $99,191,686▼1.2% | $232,536,118▲4.4% | 990 |
| 2020 | $91,971,046▼7.2% | $91,971,046▼7.2% | $100,415,274▲1.3% | $222,751,682▲2.3% | 990 |
| 2019 | $99,141,098▼4.0% | $99,141,098▼4.0% | $99,127,147▲1.6% | $217,662,086▲3.3% | 990 |
| 2018 | $103,271,280▲8.8% | $103,271,280▲8.8% | $97,579,644▲1.9% | $210,710,019▲3.4% | 990 |
| 2017 | $94,899,179▲12.0% | $94,899,179▲12.0% | $95,776,399▲6.2% | $203,854,853▲3.0% | 990 |
| 2016 | $84,731,045▼1.8% | $84,731,045▼1.8% | $90,225,007▲2.0% | $197,895,517▲0.9% | 990 |
| 2015 | $86,251,944▼7.5% | $86,251,944▼7.5% | $88,476,948▲2.4% | $196,124,466▲6.7% | 990 |
| 2014 | $93,209,199▲7.2% | $93,209,199▲7.2% | $86,440,974▲6.2% | $183,782,111▼14.7% | 990 |
| 2013 | $86,941,539 | $86,941,539▲12.6% | $81,419,609▲8.6% | $215,413,647▲4.0% | 990 |
| 2012 | — | $77,210,063▼3.7% | $74,987,876▲7.6% | $207,034,019▲3.7% | 990 |
| 2011 | — | $80,209,277▲15.4% | $69,693,852▲8.5% | $199,671,880▲45.4% | 990 |
| 2010 | — | $69,490,815 | $64,257,914 | $137,363,836 | 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 Ferris — $428,163 (0.38% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Robert Ferris | General Manager & Evp | 60 | $428,163 |
| Bobby Kimbro | Engineering Manager | 55 | $218,162 |
| Denise Mcdaniel | Accounting Manager | 55 | $153,683 |
| Kyle Coleman | It Manager | 55 | $151,213 |
| Alfredo Melendez | Foreman | 55 | $146,265 |
| Douglas Gruenewald | Foreman | 55 | $142,522 |
| Randall Mccormick | Trustee | 3.8 | $28,383 |
| Charles Kinsolving | Trustee | 4.3 | $27,602 |
| John Graham | President | 4.2 | $27,002 |
| Robert Caudle | Vice President | 1.6 | $26,947 |
| Charles Garner Jr | Trustee | 2.3 | $26,702 |
| Dan Hardin | Secretary/treasurer | 1.7 | $26,500 |
| Jason Swann | Trustee | 2.8 | $25,779 |
| Kenny Wallace | Trustee | 2.8 | $25,202 |
| Travis Glenn | Trustee | 2.7 | $23,883 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Artisans Guild Construction | Construction Company | $825,008 |
| Arc Powerline Construction | Power Line Contractor | $786,012 |
| Cooke Power Services | Engineering Firm | $757,393 |
| Gwc Construction Inc | Demolition Contractor | $657,331 |
| Jts | Tower Communication Contractor | $331,519 |
Grants made · $6,000 in FY2024
1 grant totaling $6,000 in FY2024. All grants made by Lea County Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| University of the Southwest | Annual donation commitment - 2024 and 2025 combined | $6,000 |
Frequently asked questions
- Is Lea County Electric Cooperative Inc a legitimate nonprofit?
- Yes. Lea County Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 85-0096243, based in Lovington, New Mexico.
- What is Lea County Electric Cooperative Inc's EIN?
- Lea County Electric Cooperative Inc's Employer Identification Number (EIN) is 85-0096243.
- How much revenue does Lea County Electric Cooperative Inc report?
- Lea County Electric Cooperative Inc reported $111,576,586 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Lea County Electric Cooperative Inc have?
- CharityIndex grades Lea County Electric Cooperative Inc B, based on financial health (reserves and operating margin).
- How much does Lea County Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Lea County Electric Cooperative Inc's latest Form 990 is $428,163, paid to Robert Ferris (General Manager & Evp).
More nonprofits in Lovington
Explore more
Data for Lea County Electric Cooperative Inc (EIN 85-0096243) 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.