San Miguel Electric Cooperative Inc
501(c)(12)
Strong reserves
San Miguel Electric Cooperative Inc is a 501(c)(12) organization based in Jourdanton, Texas, registered in 1988, with $175,587,078 in FY2024 revenue.
Po Box 280, Jourdanton, TX, 78026 EIN 74-1937134 Since 1988
Revenue (FY2024)
$175.6M
▼ 5.1% vs prior year
Expenses (FY2024)
$175.6M
Net assets
$121.5M
Employees
175
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 San Miguel 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 rating8 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 San Miguel Electric Cooperative Inc: 8 mo reserves · +0% 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 San Miguel Electric Cooperative Inc: 6 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 San Miguel Electric Cooperative Inc: 4 of 5 disclosure signals earns a A 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
San miguel was created for the sole purpose of owning and operating a 400 mw mine-mouth lignite-fired generating plant and associated mining facilities to furnish power and energy to its member cooperatives.
Contact & location
- Address
- Po Box 280, Jourdanton, TX, 78026
- City
- Jourdanton
- State
- Texas
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $143.8M (FY2013) to $175.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $405.2MNet assets $121.5M
Operating margin
0.0%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$526.8M
Total liabilities
$405.2M
Net assets
$121.5M
Salaries & benefits
$18.8M
11% of expenses
Board members
19
19 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $175,587,078▼5.1% | $175,587,078▼5.1% | $121,547,965▲2.8% | $526,765,010▼2.3% | 990 |
| 2023 | $184,952,276▼1.8% | $184,952,276▼1.8% | $118,278,208▲2.9% | $539,268,827▼3.5% | 990 |
| 2022 | $188,325,013▲16.2% | $188,325,013▲16.2% | $114,978,607▲1.1% | $558,755,810▲5.6% | 990 |
| 2021 | $162,000,533▼3.6% | $162,000,533▼3.6% | $113,734,203▼0.5% | $529,155,212▲8.7% | 990 |
| 2020 | $167,993,495▲10.3% | $167,993,495▲10.3% | $114,323,113▲0.4% | $486,647,369▲2.3% | 990 |
| 2019 | $152,293,869▼2.1% | $152,293,869▼2.1% | $113,863,830▼0.1% | $475,484,526▲15.1% | 990 |
| 2018 | $155,534,738▲3.0% | $155,534,738▲3.0% | $113,989,451▼1.4% | $413,198,805▲8.8% | 990 |
| 2017 | $150,983,044▲1.5% | $150,983,044▲1.5% | $115,578,274▼2.1% | $379,687,395▲9.5% | 990 |
| 2016 | $148,814,687▲5.4% | $148,814,687▲5.4% | $118,043,615▼2.2% | $346,711,564▲1.6% | 990 |
| 2015 | $141,197,366▲9.1% | $141,197,366▲9.1% | $120,653,328▲139% | $341,241,569▲25.1% | 990 |
| 2014 | $129,438,064▼10.0% | $129,438,064▼10.0% | $50,487,857▲6.0% | $272,824,684▼6.5% | 990 |
| 2013 | $143,843,360 | $143,843,360▼3.9% | $47,646,791▲7.9% | $291,720,900▲1.5% | 990 |
| 2012 | — | $149,739,816▲5.0% | $44,163,013▲8.2% | $287,538,751▲7.2% | 990 |
| 2011 | — | $142,658,378▲4.8% | $40,818,991▲9.8% | $268,171,952▼3.5% | 990 |
| 2010 | — | $136,083,868 | $37,179,957 | $277,915,538 | 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: Craig Courter — $495,017 (0.28% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Craig Courter | General Manager | 50 | $495,017 |
| Casey Bird | Ehs & Engineering Manager | 94 | $249,683 |
| David Burris | Fuels Manager | 45 | $222,609 |
| Derek Burns | Operations, Maintenance, & Engineering Manager | 55 | $197,743 |
| Vanessa Pawelek | Chief Financial Officer | 60 | $172,596 |
| Benny Garza | Safety Training Supervisor | 40 | $167,570 |
| Patrick Rakowitz | Mechanic Leadman | 40 | $154,307 |
| Benino Ramirez | Mechanic Crew A | 40 | $153,757 |
| Apolinar Garcia | Control Room Operator Class A | 40 | $149,380 |
| David Loeffler | Class A Mechanic | 40 | $140,949 |
| Brian Acosta | Director | 6 | $15,096 |
| Rolando Alaniz | Director | 5 | $15,056 |
| John Roach | Director | 12 | $14,048 |
| Mike Ables | Director | 4 | $13,866 |
| Clyde Stewart | Secretary/treasurer | 7 | $13,786 |
| David Rosse | Director | 3.5 | $13,676 |
| Clif Lange | Director | 10 | $13,650 |
| Michael Jacobs | Assistant Secretary/treasurer | 4 | $13,650 |
| Colt Haack | Director | 7 | $13,622 |
| Blaine Warzecha | Vice President (acting President Nov-dec) | 4 | $13,527 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| North American Construction Group | Mining Contractor | $54,906,642 |
| The Atlantic Group | Contract Labor | $5,587,201 |
| Siemens Energy | Turbine Rebuild Contractor | $1,752,961 |
| Taurus Industrial Group LLC | Contract Labor | $1,341,066 |
| Howden | Equipment Contractor Labor & Materials | $1,088,738 |
Frequently asked questions
- Is San Miguel Electric Cooperative Inc a legitimate nonprofit?
- Yes. San Miguel Electric Cooperative Inc is a 501(c)(12) organization registered with the U.S. Internal Revenue Service under EIN 74-1937134, based in Jourdanton, Texas.
- What is San Miguel Electric Cooperative Inc's EIN?
- San Miguel Electric Cooperative Inc's Employer Identification Number (EIN) is 74-1937134.
- How much revenue does San Miguel Electric Cooperative Inc report?
- San Miguel Electric Cooperative Inc reported $175,587,078 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does San Miguel Electric Cooperative Inc's highest-paid employee make?
- The highest reported compensation on San Miguel Electric Cooperative Inc's latest Form 990 is $495,017, paid to Craig Courter (General Manager).
More nonprofits in Jourdanton
Explore more
Data for San Miguel Electric Cooperative Inc (EIN 74-1937134) 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.