Nueces Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Nueces Electric Cooperative Inc is a 501(c)(12) organization based in Robstown, Texas, registered in 1940, with $103,561,110 in FY2024 revenue. CharityIndex grades it A.
14353 Cooperative Ave, Robstown, TX, 78380 EIN 74-0811772 Since 1940
Revenue (FY2024)
$103.6M
▲ 0.8% vs prior year
Expenses (FY2024)
$101.8M
Net assets
$141.7M
Employees
90
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 Nueces 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 rating17 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 Nueces Electric Cooperative Inc: 17 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 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 Nueces Electric Cooperative Inc: 6 of 6 checks met earns a A+ 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 Nueces 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 quality and reliable electric service to members at cost on a cooperative basis.
Contact & location
Financial trends
Revenue grew from $76.5M (FY2013) to $103.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $87.9MNet assets $141.7M
Operating margin
1.7%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$229.5M
Total liabilities
$87.9M
Net assets
$141.7M
Salaries & benefits
$7.5M
7% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $103,561,110▲0.8% | $101,811,558▲0.4% | $141,652,857▲7.4% | $229,523,667▲2.8% | 990 |
| 2023 | $102,692,877▼6.7% | $101,422,328▼7.8% | $131,878,330▲7.0% | $223,330,069▲1.9% | 990 |
| 2022 | $110,016,479▲24.0% | $109,998,829▲24.2% | $123,285,936▲5.2% | $219,076,817▲3.3% | 990 |
| 2021 | $88,707,765▼8.9% | $88,584,814▼11.1% | $117,188,668▲2.0% | $212,095,793▲0.8% | 990 |
| 2020 | $97,372,195▼15.5% | $99,637,541▼13.8% | $114,936,023▲3.1% | $210,472,027▲1.8% | 990 |
| 2019 | $115,181,797▼0.1% | $115,625,120▼0.1% | $111,458,953▲10.4% | $206,673,260▲7.4% | 990 |
| 2018 | $115,333,723▲2.8% | $115,725,281▲4.0% | $101,004,789▲9.2% | $192,520,741▲3.0% | 990 |
| 2017 | $112,161,802▲12.0% | $111,227,062▲11.6% | $92,462,022▲13.9% | $186,837,286▲6.1% | 990 |
| 2016 | $100,167,287▲13.5% | $99,680,668▲13.0% | $81,193,736▲9.6% | $176,131,370▲7.1% | 990 |
| 2015 | $88,247,378▲5.9% | $88,247,378▲5.9% | $74,068,620▲13.2% | $164,384,186▲4.3% | 990 |
| 2014 | $83,324,437▲8.9% | $83,324,437▲8.9% | $65,459,127▲7.1% | $157,590,286▲1.9% | 990 |
| 2013 | $76,531,621 | $76,531,621▲6.2% | $61,143,285▲9.7% | $154,617,513▲14.4% | 990 |
| 2012 | — | $72,036,057▲2.0% | $55,747,321▲9.5% | $135,162,072▲9.5% | 990 |
| 2011 | — | $70,634,986▼6.4% | $50,889,978▼1.4% | $123,458,325▲4.3% | 990 |
| 2010 | — | $75,441,315 | $51,606,996 | $118,324,671 | 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: Varzavand Irani — $371,663 (0.37% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Varzavand Irani | Chief Executive Officer | 50 | $371,663 |
| Juan Rivera | Journeyman Lead | 58 | $200,983 |
| Sarah Fisher | Coo/assistant Gm (jan-june) | 40 | $197,899 |
| Robert Holloway | Journeyman Lead | 57 | $191,849 |
| Adriana Pena | Chief Financial Officer | 48 | $173,533 |
| Frank Wilson | Chief Retail Officer | 45 | $171,516 |
| Raymundo Pina | Journeyman Lead | 52 | $166,314 |
| Derly Carrizalez | Journeyman | 57 | $161,853 |
| Jonathan Espinoza | Journeyman | 53 | $155,881 |
| Brian Menking | President | 2.9 | $20,650 |
| David Rosse | Secretary/treasurer | 5 | $20,100 |
| Susan Stewart | Director | 5.8 | $20,100 |
| Gladys Lippincott | Director | 4.1 | $19,800 |
| Rumaldo Juarez | Vice President | 4.9 | $19,800 |
| Gregg Truesdale | Director | 2.9 | $17,100 |
| Donald Wayne Herrmann | Director | 5.1 | $15,900 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Urban Electrical Services Inc | Line Construction | $1,929,616 |
| South Texas Electric Co-op Inc | Retail Billing | $1,141,543 |
| Schaefer Advertising Co Ltd | Advertising | $774,574 |
| Morehead Dotts & Associates | Advertising | $744,318 |
| Abc Professional Tree Services Inc | Tree Trimming | $580,825 |
Grants made · $20K in FY2024
2 grants totaling $20K in FY2024. All grants made by Nueces Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Nueces Electric Charities Inc | Charities donations 2024 | $10,000 |
| Buccaneer Commission Inc Memorial Coliseum | 2024 rodeo military night sponsorship | $10,000 |
Frequently asked questions
- Is Nueces Electric Cooperative Inc a legitimate nonprofit?
- Yes. Nueces Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-0811772, based in Robstown, Texas.
- What is Nueces Electric Cooperative Inc's EIN?
- Nueces Electric Cooperative Inc's Employer Identification Number (EIN) is 74-0811772.
- How much revenue does Nueces Electric Cooperative Inc report?
- Nueces Electric Cooperative Inc reported $103,561,110 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Nueces Electric Cooperative Inc have?
- CharityIndex grades Nueces Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Nueces Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Nueces Electric Cooperative Inc's latest Form 990 is $371,663, paid to Varzavand Irani (Chief Executive Officer).
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Data for Nueces Electric Cooperative Inc (EIN 74-0811772) 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.