2024-05-21T16:05:34-04:00 2023-12-31 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2023-01-01 850098999 NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE INC NORT PO BOX 217 CHAMA NM 87520 ANTHONY J MERCURE EXECUTIVE VP & 5757562181 2024-05-21 true ANTHONY MERCURE true SCOTT ELIASON P02372673 5053232035 2024-05-21 2 00 AAL2 IAL1 2023 2023-04-26 12:10:37Z ANTHONY J MERCURE 5669570 false X WWW.NORAELECTRIC.ORG X 1948 NM TO PROVIDE AFFORDABLE, QUALITY, AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 7 7 14 0 0 0 4968494 5359750 -41957 112796 55757 58056 4982294 5530602 0 0 1306858 1399604 0 0 3619703 3869977 4926561 5269581 55733 261021 20527146 20521397 8223991 7804883 12303155 12716514 TO PROVIDE AFFORDABLE, QUALITY, AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. false false 5269581 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 3,226 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY IN A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 5269581 false false false false false false false false true false true false true true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 19 0 14 true false false false false false false 5359750 0 false false false X 7 7 false false false false true true true true false false false true true true true true true true true false X THE ORGANIZATION 5757562181 PO BOX 217 Chama NM 87520 ANTHONY J MERCURE VICE PRESIDENT & GENERAL MANA 40.00 0.00 X 94721 0 13641 MARLA C ULIBARRI CONTROLLER 40.00 0.00 X 73670 0 28492 THOMAS RIVAS TRUSTEE 3.30 0.00 X 8400 0 0 DAVID MARTINEZ TRUSTEE 2.90 0.00 X 5700 0 0 STEVE RENDON PRESIDENT 12.40 0.00 X X 5550 0 0 LEROY MARTINEZ TREASURER 3.00 0.00 X X 5250 0 0 DEBBIE F MANZANARES VICE PRESIDENT 5.20 0.00 X X 4568 0 0 MICHAEL GOMEZ TRUSTEE 3.50 0.00 X 4200 0 0 PAUL CORDOVA SECRETARY 1.40 0.00 X X 3266 0 0 205325 0 42133 0 false false false SALE OF POWER 221000 5243490 5243490 OTHER OPERATING REVENUE 221000 68284 68284 CAPITAL CREDITS 221000 47976 47976 5359750 181383 181383 58056 58056 58056 58056 9000 61381 92042 46926 -83042 14455 -68587 -68587 5530602 5349219 0 181383 247458 712076 251112 119624 69334 20281 2298 16000 27290 7881 34480 56734 21161 57872 27705 559007 607169 82487 COST OF POWER 2156191 2156191 193421 5269581 0 0 0 737887 640002 454289 556524 207648 292003 355297 326906 22203581 9572346 12971245 12631235 2586246 2815020 250000 250000 2827496 2849421 137038 160286 20527146 20521397 523039 503618 7625073 7230436 75879 70829 8223991 7804883 X 12303155 12716514 12303155 12716514 20527146 20521397 X 261021 143674 8664 X false true X true false 191283 191283 509440 365720 143720 21413969 9206626 12207343 88889 88889 12631235 CFC-MEDIUM TERM NOTE INVEST 250000 C 250000 TRISTATE PATRONAGE 2398494 C FEDERATED PATRONAGE 127045 C OTHER PATRONAGE 138953 C SEDC PATRONAGE 71408 C CFC PATRONAGE 81423 C MEMBERSHIPS 15705 C CFC SCT CERTIFICATES 12676 C NMRECA SELF INSURANCE FUND 3717 C 2849421 AGENCY FUNDS 160286 160286 CUSTOMER DEPOSITS 60097 DEFERRED CREDITS 10732 70829 X 5530602 5530602 5530602 5269581 5269581 5269581 Footnote for uncertain tax position under FIN 48 (Part X) NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE INC IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)12 OF THE INTERNAL REVENUE CODE AND THE STATUTES OF NEW MEXICO. NORAS OPEN AUDIT PERIODS ARE FISCAL YEARS 2020 THROUGH 2023, GENERALLY THREE YEARS AFTER FILING. IN ADDITION, NORA HAS BEEN CLASSIFIED AS OTHER THAN A PRIVATE FOUNDATION. THE FINANCIAL ACCOUNTING STANDARDS BOARD HAS ISSUED ASC 740-10, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR HOW AN ORGANIZATION SHOULD MEASURE, RECOGNIZE, PRESENT AND DISCLOSE IN ITS FINANCIAL STATEMENTS UNCERTAIN TAX POSITIONS THAT AN ORGANIZATION HAS TAKEN OR EXPECTS TO TAKE ON A TAX RETURN. NORA HAS NO UNCERTAIN TAX POSITIONS. Members or stockholder classes and rights Part VI line 6 THERE IS ONE CLASS OF MEMBERS. A MEMBER MAY HAVE MULTIPLE ACCOUNTS BUT ONLY ONE MEMBERSHIP. Member election for additional members Part VI line 7a THE MEMBERS OF THE COOPERATIVE VOTE IN THE ELECTION OF THE BOARD OF DIRECTORS; EACH MEMBER HAS ONE VOTE. Governing body decisions Part VI line 7b GOVERNANCE DECISIONS SUBJECT TO APPROVAL BY MEMBERS OF THE COOPERATIVE ARE: DISSOLUTION OR LIQUIDATION OF THE COOPERATIVE; MERGER OR CONSOLIDATION OF THE COOPERATIVE WITH ANOTHER ORGANIZATION; DISPOSAL OF A SUBSTANTIAL PORTION OF COOPERATIVE ASSETS; BYLAW CHANGES; AND EXPULSION OF MEMBERS. Committee meeting documentation Part VI line 8b COMMITTEES DO NOT HAVE BROAD AUTHORITY TO ACT ON BEHALF OF BOARD. Form 990 governing body review Part VI line 11 THE BOARD WILL REVIEW AND APPROVE FORM 990 PRIOR TO FILING. Conflict of interest policy compliance Part VI line 12c OFFICERS, DIRECTORS, AND KEY EMPLOYEES ARE REQUIRED TO FILL OUT A DISCLOSURE FORM ANNUALLY. CEO executive director top management comp Part VI line 15a THE BOARD REVIEWS THE GENERAL MANAGERS SALARY AND BENEFITS ON AN ANNUAL BASIS. Other officer or key employee compensation Part VI line 15b COMPENSATION OF THE BOARD AND KEY EMPLOYEES ARE REVIEWED ON AN ANNUAL BASIS DURING BUDGET PLANNING SESSIONS. Governing documents etc available to public Part VI line 19 THE FINANCIAL STATEMENTS ARE PROVIDED AT THE ANNUAL MEETING TO ALL MEMBERS THAT ATTEND. THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE ALL AVAILABLE UPON REQUEST AT THE COOPERATIVES OFFICE. Explanation of other changes in net assets or fund balances Part XI line 9 OTHER CHANGES IN NET ASSETS OR FUND BALANCES:CHANGE IN MEMBERSHIPS $(50)PATRONAGE CAPITAL FORFEITED $8,714 TOTAL $8,664