Otero County Electric Cooperative Inc

Organization Overview

Otero County Electric Cooperative Inc is located in Cloudcroft, NM. The organization was established in 1943. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Otero County Electric Cooperative Inc employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Otero County Electric Cooperative Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.

For the year ending 12/2021, Otero County Electric Cooperative Inc generated $35.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $35.4m during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE ELECTRIC POWER TO RURAL AREAS AT COST ON A COOPERATIVE BASIS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,138 ACTIVE SERVICES AT YEAR END.


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Board, Officers & Key Employees

Name (title)Compensation
Mario Romero
General Manager/ceo
$217,030
Damon Marez
It Manager
$142,849
Wilburn Rush
Operations Manager
$131,242
Julia Walker-Grinder
CFO
$124,855
Matthew Chavez
Crew Chief
$109,155
Mark Martin
Area Supervisor
$108,378

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Arc Power Line Construction Llc
Construction Services
$1,127,933
Rogers Tree Service
Power Line Clearing
$909,299
Osmose Utilities Services Inc
Infrastructure Safety
$259,140
Grae Inc
Information Technology Services
$242,485
Solar Electric Co Inc
Construction Services
$236,798
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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$33,851,517
Investment income $6,102
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $66,094
Net Gain/Loss on Asset Sales $53,721
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $4,858
Miscellaneous Revenue$0
Total Revenue $35,378,271

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