NonprofitsContinental Divide Electric Cooperative Inc

Continental Divide Electric Cooperative Inc

GRANTS, NM

Total revenue

$71.2M

Total expenses

$72.5M

Net assets

$80.8M

Grants received

EIN

850094829

Tax year

2024

Mission

To provide quality and reliable electric service to members of the cooperative.

Programs

1 program

A separate cost center of the cooperative was created to provide broadband internet to its members through the construction of a fiber optic network. Broadband internet services will be provided to members on a patronage basis through the allocation of patronage capital to the extent net margins exceed cumulative losses for such cost center. At the end of 2024 there were 5,751 subscribers to internet services.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$69.6M
Investment income$986K
Other revenue$589K
Total revenue$71.2M

Expenses

Grants paid$15K
Salaries & benefits$8.8M
Fundraising
Other expenses$59.6M
Total expenses$72.5M
Total assets$184.0M
Net assets$80.8M

People

19 listed

NameRoleCompensation

ROBERT CASTILLO

GENERAL MANAGER & CEO

Board

$469K

70 hrs/wk

VERONICA BARELA

CFO

Board

$173K

50 hrs/wk

KEITH GOTTLIEB

PRESIDENT

Board

$26K

9.2 hrs/wk

MICHAEL CHAMBERS

TRUSTEE

Board

$19K

6.8 hrs/wk

BLANCHE CLAWSON

TRUSTEE

Board

$17K

6.2 hrs/wk

JOE HOSKINS

SECRETARY/TREASURER

Board

$15K

5.4 hrs/wk

LLOYD ORTEGA

TRUSTEE

Board

$15K

5.2 hrs/wk

BENJAMIN CHAVEZ

TRUSTEE (MAY-DEC)

Board

$13K

6.9 hrs/wk

WES MALCOLM

TRUSTEE

Board

$9K

3.2 hrs/wk

CLAUDIO ROMERO

VICE PRESIDENT

Board

$8K

2.9 hrs/wk

ALFRED SAAVEDRA

TRUSTEE (JAN-JUNE)

Board

$6K

5.5 hrs/wk

ANGELA EVANS

MANAGER OF OPERATIONS & SAFETY

Staff

$184K

50 hrs/wk

LEE MAESTAS

MANAGER OF ENGINEERING SERVICES

Staff

$163K

45 hrs/wk

ELMER RODARTE

LINE FOREMAN

Staff

$159K

47 hrs/wk

DONNA VENABLE

REGULATORY AND RATE MANAGER

Staff

$151K

45 hrs/wk

THOMAS BURKE

JOURNEYMAN

Staff

$144K

57 hrs/wk

DAVID MILLER

LINE SUPERINTENDENT

Staff

$143K

40 hrs/wk

MARTY DURAN

LINE SUPERINTENDENT

Staff

$141K

40 hrs/wk

RAUL SANCHEZ

LINE FOREMAN

Staff

$140K

48 hrs/wk

Independent contractors

WARD SYSTEMS LLC

FIBER CONSTRUCTION

$2.8M

EXPANSE ELECTRICAL COMPANY LLC

ELECTRIC MAKE-READY CONSTRUCTION

$908K

T&D CON LLC

ELECTRIC CONSTRUCTION

$370K

TRANSMISSION & DISTRIBUTION SERVICES

ELECTRICAL ENGINEERING

$354K

ARON'S TREE CUTTING HAULING REMOVAL AN

TREE TRIMMING

$353K

Details

EIN850094829
Subsection12
Ruling date1957-05
Formed1945
Employees104
Volunteers0
CONTINENTAL DIVIDE ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo