2024-11-12T14:28:14-06:00 2023-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2023-01-01 741062291 RIO GRANDE ELECTRIC COOP INC RIOG 8305632444 778 EAST US HIGHWAY 90 BRACKETTVILLE TX 78832 THERESA QUIROZ CEO 8305632444 2024-11-08 1 0 LAURIE HANSON CPA P00851848 6053391999 2024-11-08 2023 2024-10-15 13:58:12Z X THERESA QUIROZ 778 EAST US HIGHWAY 90 BRACKETTVILLE TX 78832 88278689 0 X WWW.RIOGRANDE.COOP X 1945 TX TO PROVIDE RELIABLE ELECTRICAL SERVICE TO MEMBERS AT AFFORDABLE RATES. 13 13 196 0 0 0 0 0 67842116 85270627 786642 2730926 33946 155982 68662704 88157535 60742 60577 7889030 8718205 1054015 1039390 0 0 0 58688909 77445139 67692696 87263311 970008 894224 208802297 223780436 113193982 121039261 95608315 102741175 RGEC IS COMMITTED TO PROVIDING SAFE AND RELIABLE ENERGY SERVICES THROUGH THE EFFICIENT USE OF RESOURCES, HIGHLY SKILLED EMPLOYEES, AND TECHNOLOGY. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 7,218 MEMBERS OVER 10,044 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 114 0 1 196 1 0 0 0 0 0 0 0 90053002 3255331 0 0 0 X 13 13 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X ANGEL NARVAEZ 8305632444 778 EAST US HIGHWAY 90 BRACKETTVILLE TX 78832 TIM EDWARDS PRESIDENT 3.50 X X 10900 0 0 WILLIAM FOSTER VICE PRESIDENT 4.50 X X 12450 0 0 PRISCILLA PARSONS SECRETARY 5.10 X X 10400 0 0 JAMIE BALLEW TREASURER 4.30 X X 10800 0 0 JAN METCALF DIRECTOR 1.80 X 8400 0 0 HOWARD WAKEFIELD JR DIRECTOR 3.80 X 10150 0 0 MARGARITA E NELSON DIRECTOR 3.70 X 10300 0 0 ROWDY HOLMSLEY DIRECTOR (UNTIL 09/2023) 2.60 X 6400 0 0 MARK DAUGHERTY DIRECTOR 4.10 X 10400 0 0 BRYON GARRISON DIRECTOR 5.60 X 12850 0 0 GRANT SPENCE DIRECTOR 2.60 X 11200 0 0 HOWARD IVY DIRECTOR 2.20 X 8650 0 0 SUSANA PEREZ DIRECTOR (BEG 11/2023) 2.00 X 1450 0 0 DAMON HARRISON DIRECTOR (BEG 11/2023) 2.70 X 2250 0 0 THERESA QUIROZ CEO 44.10 X 247734 0 107233 LARRY POWELL CHIEF DEVELOPMENT OFFICER 46.70 X 140917 0 113544 MARTHA GERARDO CHIEF HR OFFICER 42.60 X 147582 0 68295 CONRAD DALTON CHIEF TECHNICAL OFFICER 43.00 X 141568 0 75725 JAIME RAMIREZ JOURNEYMAN LINE FOREMAN 51.50 X 129080 0 80040 JOSHUA HITE JOURNEYMAN LINEMAN 56.10 X 126742 0 21202 JESUS RODRIGUEZ JOURNEYMAN LINE FOREMAN 53.20 X 124583 0 55060 STEVE WRIGHT SENIOR OPERATIONS MANAGER 41.00 X 126921 0 115941 GILBERTO VILLARREAL JOURNEYMAN LINEMAN 53.90 X 135714 0 62308 1447441 0 699348 33 0 1 0 JAMES POWER LINE CONSTRUCTION LLC 43 SHOOTING CLUB ROAD BOERNE TX 78006 CONSTRUCTION 1122870 3S SERVICES LLC 2535 LOOP 517 CARRIZO SPRINGS TX 78834 CONSTRUCTION 1081564 ALTITUDE ENERGY LLC PO BOX 359 KEENESBURG TX 80643 CONSTRUCTION 1015820 MENDOZA CONCRETE CONSTRUCTION LLC 410 1/2 AVE U DEL RIO TX 78840 CONSTRUCTION 565475 CHEBO'S ELECTRIC PO BOX 4670 ANTHONY NM 88021 CONSTRUCTION 545883 9 SALE OF ELECTRICITY 221000 77678584 77678584 OTHER OPERATING REVENUE 221000 6921656 6921656 G&T AND OTHER PATRONAGE CREDITS 221000 670387 670387 85270627 2730926 2730926 185235 32055 153180 153180 153180 91901 89099 2802 2802 88157535 85273429 0 2884106 X 30585 29992 8718205 1039390 1028797 6116295 COST OF POWER 49959455 DISTRIBUTIONS - OPERATI 11228569 ADMINISTRATIVE & GENERA 4298766 DISTRIBUTION - MAINTENA 3533883 1279374 87263311 26569974 36698726 12683774 14167303 2131815 2081946 3958940 1561392 4902070 1463200 223716734 88236910 126953282 135479824 92652 100843 31245083 31657293 264707 569909 208802297 223780436 5183995 8498975 36935172 30159962 71074815 82380324 113193982 121039261 X 35465 36090 0 0 95572850 102705085 95608315 102741175 208802297 223780436 X 894224 6238636 X 0 1 X 1 0 791127 791127 10879087 3066849 7812238 200265624 84746918 115518706 11780896 423143 11357753 135479824 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION CERTIFICATES 28875686 C TEXAS ELECTRIC COOPERATIVE 654421 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 142609 C DELL TELEPHONE COOPERATIVE 70490 C MEDINA ELECTRIC COOPERATIVE 59656 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 688032 C COBANK 634679 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION PATRONAGE 416508 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 108448 C OTHER PATRONAGE CAPITAL AND MEMBERSHIPS 6764 C 31657293 CONSUMER DEPOSITS 1085152 DEFERRED CREDITS 81295172 82380324 X 87233319 -924216 -924216 88157535 0 88157535 78515114 0 78515114 8748197 8748197 87263311 PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT -924,216. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 8,718,205. INDIVIDUAL SCHOLARSHIPS 29,992. 1 SCHOLARSHIPS 37 29992 PART I, LINE 2: TO RECEIVE ASSISTANCE, APPLICANTS NEED TO BE DEPENDENTS OF CURRENT MEMBERS OF THE COOPERATIVE. THE APPLICANT WILL BE EVALUATED BASED ON GPA, EXTRACURRICULAR ACTIVITIES, SERVICE ORGANIZATIONS, EMPLOYMENT (IF ANY), AND ESSAY. ASSISTANCE IS FOR UNDERGRADUATE STUDENTS. APPLICANTS CHOSEN FOR THIS SCHOLARSHIP MUST ANNUALLY PROVIDE A COPY OF THEIR TRANSCRIPT TO THE COOPERATIVE TO SHOW A GPA OF 3.0 OR HIGHER. THE CHECKS ARE SENT DIRECTLY TO THE PUBLIC OR PRIVATE UNIVERSITY, COLLEGE, OR VOCATIONAL/TECHNICAL SCHOOL IN THE US, AND RETURNED TO THE COOPERATIVE IF THE STUDENT DOESN'T ENROLL. X 0 0 X X 0 0 0 THERESA QUIROZ CEO 237431 0 0 0 10303 0 80026 0 27207 0 354967 0 0 0 LARRY POWELL CHIEF DEVELOPMENT OFFICER 137333 0 0 0 3584 0 87057 0 26487 0 254461 0 0 0 STEVE WRIGHT SENIOR OPERATIONS MANAGER 125239 0 0 0 1682 0 89086 0 26855 0 242862 0 0 0 CONRAD DALTON CHIEF TECHNICAL OFFICER 140907 0 0 0 661 0 48870 0 26855 0 217293 0 0 0 MARTHA GERARDO CHIEF HR OFFICER 146916 0 0 0 666 0 66393 0 1903 0 215878 0 0 0 JAIME RAMIREZ JOURNEYMAN LINE FOREMAN 128328 0 0 0 752 0 53184 0 26855 0 209119 0 0 0 GILBERTO VILLARREAL JOURNEYMAN LINEMAN 135337 0 0 0 377 0 35453 0 26855 0 198022 0 0 0 JESUS RODRIGUEZ JOURNEYMAN LINE FOREMAN 124364 0 0 0 219 0 28205 0 26855 0 179643 0 0 0 PART I, LINE 1A THE CHIEF EXECUTIVE OFFICER, THERESA QUIROZ, IS OFFERED, AS PART OF HER COMPENSATION PACKAGE, THE ABILITY TO LIVE IN A HOUSE OWNED BY THE COOPERATIVE AS STATED IN A BOARD RESOLUTION. THIS AMOUNT IS INCLUDED IN HER TAXABLE COMPENSATION ON HER W-2 FOR INCOME TAX PURPOSES. SHE RECEIVED $22,200 AS A HOUSING ALLOWANCE IN 2023. SCHEDULE J, PART II, COLUMN C INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EMPLOYEES LISTED ON SCH J. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO TYPES OF MEMBERS, EACH HAVE THE SAME VOTING RIGHTS. 1. BUNDLED ELECTRIC ENERGY SERVICE 2. UNBUNDLED DISTRIBUTION SERVICE UNDER CONTRACT (MILITARY BASE) FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR EACH OPEN DISTRICT BOARD POSITION. FORM 990, PART VI, SECTION A, LINE 7B DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE COOPERATIVE'S PROPERTY IS SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CEO. AFTER THE REVIEW, A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS. THE 990 IS PRESENTED TO THE BOARD MEMBERS AT THE BOARD MEETING PRIOR TO ITS FILING, IF SO REQUESTED BY ANY BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY STATES THE PERSON MUST COME FORTH IN ACCORDANCE WITH POLICY. THE DIRECTORS ARE REQUIRED TO COMPLETE AN AFFIDAVIT OF ELIGIBILITY DURING TIME OF ELECTION OR RE-ELECTION STATING SUCH CONFLICT. DIRECTORS COMPLETE A RELATIONSHIP AND BUSINESS INTERESTS QUESTIONNAIRE ANNUALLY. EACH EMPLOYEE IS ALSO ASKED TO DISCLOSE INFORMATION IN THEIR APPLICATION. FORM 990, PART VI, SECTION B, LINE 15 EACH DIRECTOR COMPLETES AN APPROVED EVALUATION AND SUBMITS IT TO THE CEO REVIEW COMMITTEE ON AN ANNUAL BASIS. THE COMMITTEE THEN DEVELOPS A COMPOSITE OF ALL EVALUATION FORMS TO PRESENT TO THE CEO. REGIONAL, STATE, AND NATIONAL DATA IS USED TO ASSIST THE BOARD IN DETERMINING THE CEO SALARY. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. KEY EMPLOYEES ARE ANNUALLY EVALUATED BY THE CEO. A SALARY ADMINISTRATION PLAN IS REVIEWED AND UPDATED ANNUALLY AND PRESENTED TO THE BOARD FOR APPROVAL. THE SALARY ADMINISTRATION PLAN SETS TARGET COMPENSATION RANGES FOR ALL POSITIONS USING REGIONAL, STATE, AND NATIONAL DATA. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ALSO VIA THE COOPERATIVE'S WEBSITE. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI ON PAGE 12 OF THE FORM 990 AND IN PART XII ON SCHEDULE D. FORM 990, PART XI, LINE 9: ALLOCATION OF 2023 MARGINS TO MEMBERS IN 2024 8,718,205. UNCLAIMED CAPITAL CREDITS -23,360. CHANGE IN MEMBERSHIPS 625. LOSS ON EXTINGUISHMENT OF DEBT -924,216. RETIREMENT OF CAPITAL CREDITS -1,562,610. INDIVIDUAL SCHOLARSHIPS 29,992.