Rio Grande Electric Cooperative Inc
501(c)(12)
Only null% goes to programs Strong reserves Growing revenue
Rio Grande Electric Cooperative Inc is a 501(c)(12) organization based in Brackettville, Texas, registered in 1950, with $85,561,525 in FY2024 revenue. CharityIndex grades it A.
Po Box 1509, Brackettville, TX, 78832 EIN 74-1062291 Since 1950
Revenue (FY2024)
$85.6M
▼ 2.9% vs prior year
Expenses (FY2024)
$85.6M
Net assets
$107.7M
Employees
200
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 Rio Grande 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 rating15 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 Rio Grande Electric Cooperative Inc: 15 mo reserves · -0% 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 Rio Grande Electric Cooperative Inc: 5 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 Rio Grande 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 reliable electrical service to members at affordable rates.
Contact & location
- Address
- Po Box 1509, Brackettville, TX, 78832
- City
- Brackettville
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $43.5M (FY2013) to $85.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $134.5MNet assets $107.7M
Operating margin
-0.0%
Spent more than it raised in the latest fiscal year.
Total assets
$242.2M
Total liabilities
$134.5M
Net assets
$107.7M
Salaries & benefits
$1.3M
2% of expenses
Board members
13
13 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $85,561,525▼2.9% | $85,593,025▼1.9% | $107,749,828▲4.9% | $242,205,133▲8.2% | 990 |
| 2023 | $88,157,535▲28.4% | $87,263,311▲28.9% | $102,741,175▲7.5% | $223,780,436▲7.2% | 990 |
| 2022 | $68,662,704▲13.8% | $67,692,696▲12.2% | $95,608,315▲8.0% | $208,802,297▲6.4% | 990 |
| 2021 | $60,336,045▲0.9% | $60,336,045▲0.9% | $88,506,042▲5.9% | $196,163,042▲11.7% | 990 |
| 2020 | $59,786,421▼1.3% | $59,786,421▼1.3% | $83,543,028▲7.4% | $175,640,103▲4.5% | 990 |
| 2019 | $60,562,956▲11.5% | $60,562,956▲11.5% | $77,806,166▲8.4% | $168,087,938▲12.7% | 990 |
| 2018 | $54,327,898▲17.5% | $54,327,898▲17.5% | $71,773,475▲7.0% | $149,146,982▲9.5% | 990 |
| 2017 | $46,255,532▲14.8% | $46,255,532▲14.8% | $67,095,167▲0.2% | $136,209,028▲2.6% | 990 |
| 2016 | $40,305,805▼5.7% | $40,305,805▼5.7% | $66,970,393▲3.1% | $132,744,260▲9.0% | 990 |
| 2015 | $42,753,847▼5.3% | $42,753,847▼5.3% | $64,971,501▲3.4% | $121,830,714▲3.7% | 990 |
| 2014 | $45,147,717▲3.8% | $45,147,717▲3.8% | $62,847,457▲6.8% | $117,455,306▲7.1% | 990 |
| 2013 | $43,507,566 | $43,507,566▼3.9% | $58,836,693▲13.8% | $109,686,656▲8.5% | 990 |
| 2012 | — | $45,273,198 | $51,705,635▲29.5% | $101,127,071▲7.2% | 990 |
| 2011 | — | $45,258,996▲44.1% | $39,921,064▲21.5% | $94,353,607▲8.7% | 990 |
| 2010 | — | $31,417,318 | $32,844,408 | $86,776,109 | 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: Theresa Quiroz — $267,785 (0.31% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Theresa Quiroz | Ceo | 44.58 | $267,785 |
| Martha Gerardo | Chief Hr & Diversified Services Officer | 42.82 | $156,922 |
| Conrad Dalton | Chief Technical Officer | 45.28 | $151,806 |
| Larry Powell | Chief Specialized Project Development Officer | 42.4 | $150,738 |
| Jose Rodriguez Jr | Journeyman Line Foreman | 59.04 | $137,212 |
| Angel Narvaez | Chief Financial Officer | 49.91 | $135,708 |
| Rafael Velez | Journeyman Lineman | 58.8 | $130,930 |
| Gilberto Villarreal | Journeyman Line Foreman | 50.87 | $130,104 |
| Eliel Bejarano | Journeyman Line Foreman | 51.95 | $126,154 |
| Joshua M Hite | Journeyman Lineman | 52.1 | $124,171 |
| Bryon Garrison | Director | 5.19 | $13,100 |
| Wiliam Foster | Director | 5.12 | $12,100 |
| Jamie Ballew | President | 4.14 | $10,850 |
| Aida Margarita E Nelson | Director | 4.99 | $10,550 |
| Howard Wakefield Jr | Treasurer | 6.06 | $10,350 |
| Mark Daugherty | Vice-president | 3.48 | $10,100 |
| Susana Perez | Director | 4.6 | $10,100 |
| Damon Harrison | Director | 3.22 | $9,850 |
| Timothy Edwards | Secretary | 3.94 | $9,850 |
| Don Janice Story Metcalf | Director | 2.8 | $8,800 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| James Power Line Construction LLC | Construction | $5,644,538 |
| Altitude Energy LLC | Construction | $1,210,999 |
| Epc Service Company | Construction | $884,866 |
| Chebo's Electric | Construction | $629,499 |
| Mendoza Concrete Construction | Construction | $622,690 |
Grants received · $229K total
1 grant to Rio Grande Electric Cooperative Inc totaling $229K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| National Rural Utilities Cooperative Finance Corp | Integrity fund - territory threat | 2019 | $228,709 |
Grants made · $10K in FY2022
1 grant totaling $10K in FY2022. All grants made by Rio Grande Electric Cooperative Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Family Crisis Center of the Big Bend Inc | General support | $10,000 |
Frequently asked questions
- Is Rio Grande Electric Cooperative Inc a legitimate nonprofit?
- Yes. Rio Grande Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-1062291, based in Brackettville, Texas.
- What is Rio Grande Electric Cooperative Inc's EIN?
- Rio Grande Electric Cooperative Inc's Employer Identification Number (EIN) is 74-1062291.
- How much revenue does Rio Grande Electric Cooperative Inc report?
- Rio Grande Electric Cooperative Inc reported $85,561,525 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rio Grande Electric Cooperative Inc have?
- CharityIndex grades Rio Grande Electric Cooperative Inc A, based on financial health (reserves and operating margin).
- How much does Rio Grande Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on Rio Grande Electric Cooperative Inc's latest Form 990 is $267,785, paid to Theresa Quiroz (Ceo).
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Data for Rio Grande Electric Cooperative Inc (EIN 74-1062291) 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.