2026-03-24T18:25:13-06:00 2025-12-31 463916466 Jaramillo Accounting Group LLC 4700 Lincoln Road NE Albuquerque NM 87109 990 2025-01-01 850098999 NORTHERN RIO ARRIBA ELECTRIC COOPERATIVE INC % ANTHONY J MERCURE NORT 5757562181 PO BOX 217 CHAMA NM 87520 ANTHONY J MERCURE EXECUTIVE VP & GEN MGR 5757562181 2026-03-24 true SCOTT ELIASON P02372673 5053232035 2026-03-24 2025 2025-03-06 01:10:19Z ANTHONY J MERCURE PO BOX 217 CHAMA NM 87520 6036448 false X WWW.NORAELECTRIC.ORG X 1948 NM TO PROVIDE AFFORDABLE, QUALITY, AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. 7 7 16 0 0 0 5225611 5439941 134882 152987 57244 46191 5417737 5639119 0 0 1539698 1585452 0 0 3835809 3992871 5375507 5578323 42230 60796 20334213 20965067 7651519 8043931 12682694 12921136 TO PROVIDE AFFORDABLE, QUALITY, AND RELIABLE ELECTRIC SERVICE TO MEMBERS OF THE COOPERATIVE. false false 5578323 PROVIDING ELECTRIC ENERGY TO OUR MEMBERS - 3,268 ACTIVE SERVICES AT YEAR END WERE PROVIDED ELECTRICITY IN A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. 5578323 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 16 true false false false false false false 5439941 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 MANAGER 40.00 0.00 X 106544 0 23589 MARLA C ULIBARRI CONTROLLER 40.00 0.00 X 85113 0 20390 THOMAS RIVAS TRUSTEE 3.80 0.00 X 7950 0 0 DEBBIE F MANZANARES VICE PRESIDENT 8.20 0.00 X X 5850 0 0 PAUL CORDOVA SECRETARY 1.60 0.00 X X 5100 0 0 STEVE RENDON PRESIDENT 14.10 0.00 X X 4800 0 0 DAVID MARTINEZ TRUSTEE 2.10 0.00 X 4800 0 0 LEROY MARTINEZ TREASURER 3.20 0.00 X X 4650 0 0 MICHAEL GOMEZ TRUSTEE 4.30 0.00 X 4350 0 0 229157 0 43979 1 false false false SALE OF POWER 221000 5238342 5238342 OTHER OPERATING REVENUE 221000 77284 77284 CAPITAL CREDITS 221000 124315 124315 5439941 252765 252765 46191 46191 46191 46191 245153 52398 374854 22475 -129701 29923 -99778 -99778 0 5639119 5386354 0 252765 273137 771699 315789 142878 81949 18175 2065 21500 31526 8869 21102 60184 17482 58490 46282 532763 632481 108794 COST OF POWER 2225665 2225665 207493 5578323 0 0 0 496225 1024810 477682 524967 256884 271599 296023 272156 23285428 10630468 12660528 12654960 2846305 2822306 250000 250000 2875578 2941009 174988 203260 20334213 20965067 599702 549847 6990597 7398683 61220 95401 7651519 8043931 X 12682694 12921136 12682694 12921136 20334213 20965067 X 60796 115188 62458 X false true X true false 191283 191283 672805 384450 288355 22347754 10246018 12101736 73586 73586 12654960 TRISTATE PATRONAGE 2507453 C FEDERATED PATRONAGE 133010 C OTHER PATRONAGE 108324 C SEDC PATRONAGE 70286 C CFC PATRONAGE 89838 C MEMBERSHIPS 15705 C CFC SCT CERTIFICATES 12676 C NMRECA SELF INSURANCE FUND 3717 C 2941009 CUSTOMER DEPOSITS 54366 DEFERRED CREDITS 41035 95401 X 5639119 5639119 5639119 5578323 5578323 5578323 Part X, Line 2-Text in footnote regarding FIN 48 (ASC 740) 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 2023 THROUGH 2025, 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 $105 PATRONAGE CAPITAL FORFEITED $62,353 TOTAL $62,458