NonprofitsSocorro Electric Cooperative Inc

Socorro Electric Cooperative Inc

SOCORRO, NM

Total revenue

$27.3M

Total expenses

$27.2M

Net assets

$34.0M

Grants received

$61K

1 grants

EIN

850084968

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$26.9M
Investment income$168K
Other revenue$158K
Total revenue$27.3M

Expenses

Grants paid
Salaries & benefits$3.1M
Fundraising
Other expenses$23.2M
Total expenses$27.2M
Total assets$100.3M
Net assets$34.0M

People

16 listed

NameRoleCompensation

JOSEPH HERRERA

CEO/GENERAL MANAGER

Board

$239K

60 hrs/wk

JIMMY W CAPPS JR

CFO

Board

$120K

45 hrs/wk

DONNA WILKINS

INTERIM CEO/GM

Board

$115K

40 hrs/wk

LEROY ANAYA

PRESIDENT

Board

$9K

21.7 hrs/wk

EILEEN LATASA

SECRETARY/TREASURER

Board

$8K

7.1 hrs/wk

STEPHEN ROSAS

TRUSTEE

Board

$5K

2.6 hrs/wk

RONALD BURNETT

VICE PRESIDENT

Board

$4K

5.8 hrs/wk

MICHAEL BOWDEN

TRUSTEE

Board

$3K

1.3 hrs/wk

DAVID LYN WADE

TRUSTEE (JULY-DEC)

Board

$2K

1.7 hrs/wk

DAVID WADE

TRUSTEE (JAN-JUNE)

Board

$1K

0.9 hrs/wk

WARD MCCARTNEY III

TRUSTEE

Board

1.5 hrs/wk

TONY LOPEZ

LEAD LINE FOREMAN

Staff

$123K

45 hrs/wk

JASON OTERO

LINE SUPERINTENDENT

Staff

$118K

41 hrs/wk

ERNEST TORRES

JOURNEYMAN FOREMAN

Staff

$113K

48 hrs/wk

DAVID MONTOYA

SAFETY COOR./LINE SUPER.

Staff

$107K

40 hrs/wk

GLENN CALVERT

JOURNEYMAN LINEMAN

Staff

$106K

51 hrs/wk

Independent contractors

ALTITUDE ENERGY LLC

TRANSMISSION LINE

$3.1M

T&D SERVICES LLC

ENGINEERING SERVICES

$1.2M

T&D CON LLC

CONSTRUCTION SERVICES

$488K

ALPHA POWER GROUP LLC

PROJECT MANAGEMENT

$168K

2540 GROUP LLC

PR CONTRACTOR

$108K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$61K
INTEGRITY FUND-TERRITORY THREAT
2023

Funded by

$61K from 1 funder · 1 grant · 2023

Details

EIN850084968
Subsection12
Ruling date1953-04
Formed1945
Employees48
Volunteers0
SOCORRO ELECTRIC COOPERATIVE INC — Mission, Financials & Grants Received | Grantivo