NonprofitsMagic Valley Electric Cooperative Inc

Magic Valley Electric Cooperative Inc

MERCEDES, TX

Total revenue

$310.9M

Total expenses

$310.7M

Net assets

$348.7M

Grants received

EIN

740758801

Tax year

2024

Mission

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

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$308.7M
Investment income$775K
Other revenue$1.4M
Total revenue$310.9M

Expenses

Grants paid$107K
Salaries & benefits$21.7M
Fundraising
Other expenses$268.3M
Total expenses$310.7M
Total assets$685.9M
Net assets$348.7M

People

14 listed

NameRoleCompensation

BRIAN ACOSTA

GENERAL MANAGER

Board

$298K

50 hrs/wk

SONIA SALAZAR-RANGEL

FINANCIAL SERVICES OFFICER

Board

$157K

45 hrs/wk

DAVID MORALES

DIRECTOR

Board

$43K

6.6 hrs/wk

BARBARA S MILLER

PRESIDENT

Board

$37K

8.6 hrs/wk

ADRIENNE PENA-GARZA

DIRECTOR

Board

$33K

6.8 hrs/wk

ROLANDO ALANIZ

VICE PRESIDENT

Board

$32K

5.5 hrs/wk

FRANK FERRIS

ASST SECRETARY/TREASURER

Board

$27K

3.8 hrs/wk

DOUGLAS MARTIN

SECRETARY/TREASURER

Board

$26K

3.2 hrs/wk

JOSHUA KLOSTERMANN

DIRECTOR

Board

$24K

3.7 hrs/wk

ABRAHAM QUIROGA

CENTRAL OPERATIONS OFFICER

Staff

$174K

40 hrs/wk

DOMITILO CANTU

TECHNICAL SERVICES OFFICER

Staff

$169K

40 hrs/wk

ELENO TORRES JR

LINEMAN A

Staff

$167K

59 hrs/wk

HORACIO PEQUENO

EASTERN OPERATIONS OFFICER

Staff

$151K

40 hrs/wk

ROLANDO RAMON

WESTERN OPERATIONS OFFICER

Staff

$149K

40 hrs/wk

Independent contractors

AXIS POWER LLC

CONSTRUCTION

$10.0M

MERIDIAN COOPERATIVE INC

ENTERPRISE SOFTWARE, FINANCIAL SERVICES,

$3.5M

ABC PROFESSIONAL TREE SERVICES INC

TREE TRIMMING

$1.8M

TADCO ROOFING

ROOF RENOVATION

$1.2M

ARAIZA GENERAL CONSTRUCTION

BUILDING RENOVATION

$488K

Details

EIN740758801
Subsection12
Ruling date1939-07
Formed1937
Employees316
Volunteers0
MAGIC VALLEY ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo