NonprofitsLea County Electric Cooperative Inc

Lea County Electric Cooperative Inc

LOVINGTON, NM

Total revenue

$111.6M

Total expenses

$113.0M

Net assets

$113.6M

Grants received

EIN

850096243

Tax year

2024

Mission

To provide electric energy to rural areas at cost on a cooperative basis.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$110.4M
Investment income$959K
Other revenue$200K
Total revenue$111.6M

Expenses

Grants paid$40K
Salaries & benefits$7.4M
Fundraising
Other expenses$95.6M
Total expenses$113.0M
Total assets$270.4M
Net assets$113.6M

People

15 listed

NameRoleCompensation

ROBERT FERRIS

GENERAL MANAGER & EVP

Board

$428K

60 hrs/wk

RANDALL MCCORMICK

TRUSTEE

Board

$28K

3.8 hrs/wk

CHARLES KINSOLVING

TRUSTEE

Board

$28K

4.3 hrs/wk

JOHN GRAHAM

PRESIDENT

Board

$27K

4.2 hrs/wk

ROBERT CAUDLE

VICE PRESIDENT

Board

$27K

1.6 hrs/wk

CHARLES GARNER JR

TRUSTEE

Board

$27K

2.3 hrs/wk

DAN HARDIN

SECRETARY/TREASURER

Board

$27K

1.7 hrs/wk

JASON SWANN

TRUSTEE

Board

$26K

2.8 hrs/wk

KENNY WALLACE

TRUSTEE

Board

$25K

2.8 hrs/wk

TRAVIS GLENN

TRUSTEE

Board

$24K

2.7 hrs/wk

BOBBY KIMBRO

ENGINEERING MANAGER

Staff

$218K

55 hrs/wk

DENISE MCDANIEL

ACCOUNTING MANAGER

Staff

$154K

55 hrs/wk

KYLE COLEMAN

IT MANAGER

Staff

$151K

55 hrs/wk

ALFREDO MELENDEZ

FOREMAN

Staff

$146K

55 hrs/wk

DOUGLAS GRUENEWALD

FOREMAN

Staff

$143K

55 hrs/wk

Independent contractors

ARTISANS GUILD CONSTRUCTION

CONSTRUCTION COMPANY

$825K

ARC POWERLINE CONSTRUCTION

POWER LINE CONTRACTOR

$786K

COOKE POWER SERVICES

ENGINEERING FIRM

$757K

GWC CONSTRUCTION INC

DEMOLITION CONTRACTOR

$657K

JTS

TOWER COMMUNICATION CONTRACTOR

$332K

Details

EIN850096243
Subsection12
Ruling date1951-10
Formed1949
Employees82
Volunteers0
LEA COUNTY ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo