Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 74-0811772

NUECES ELECTRIC COOPERATIVE INC

Tax-exempt · ROBSTOWN, TX 78380

Financials

$102.7M$101.4M2023$103.6M$101.8M2024
Revenue Expenses · by fiscal year end
Financials of NUECES ELECTRIC COOPERATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$103,561,110$101,811,558$1,749,552$229,523,667$87,870,810$141,652,857
December 31, 2023990$102,692,877$101,422,328$1,270,549$223,330,069$91,451,739$131,878,330
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$101,697,136
Investment income
$1,540,880
Net gain from sales of assets
$52,410
Net income from sales of inventory
$23,309
Other revenue
$323,094

Expenses

Grants and similar amounts paid
$74,934
Benefits paid to members
$9,985,507
Compensation of officers, directors and key employees
$1,422,447
Other salaries and wages
$4,366,477
Salaries, compensation and benefits (total)
$7,543,802
Professional fundraising fees
$0
Depreciation
$4,714,225

Balance sheet and other

Total assets, start of year
$223,330,069
Total assets, end of year
$229,523,667
Total liabilities, end of year
$87,870,810
Net assets, end of year
$141,652,857
Land, buildings and equipment
$124,774,594
Gross receipts
$103,757,101
Employees
90
Volunteers
0
Year formed
1939
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
VARZAVAND IRANICHIEF EXECUTIVE OFFICER
Officer
50$371,663$112,783
SARAH FISHERCOO/ASSISTANT GM (JAN-JUNE)
Officer
40$197,899$84,996
FRANK WILSONCHIEF RETAIL OFFICER
Officer
45$171,516$93,212
ADRIANA PENACHIEF FINANCIAL OFFICER
Officer
48$173,533$83,395
JUAN RIVERAJOURNEYMAN LEAD
Highest-paid employee
58$200,983$55,366
ROBERT HOLLOWAYJOURNEYMAN LEAD
Highest-paid employee
57$191,849$58,175
RAYMUNDO PINAJOURNEYMAN LEAD
Highest-paid employee
52$166,314$50,819
JONATHAN ESPINOZAJOURNEYMAN
Highest-paid employee
53$155,881$37,958
DERLY CARRIZALEZJOURNEYMAN
Highest-paid employee
57$161,853$19,763
BRIAN MENKINGPRESIDENT
Trustee or director, Officer
2.9$20,650$0
DAVID ROSSESECRETARY/TREASURER
Trustee or director, Officer
5$20,100$0
SUSAN STEWARTDIRECTOR
Trustee or director
5.8$20,100$0
RUMALDO JUAREZVICE PRESIDENT
Trustee or director, Officer
4.9$19,800$0
GLADYS LIPPINCOTTDIRECTOR
Trustee or director
4.1$19,800$0
GREGG TRUESDALEDIRECTOR
Trustee or director
2.9$17,100$0
1 more people on this return
NameTitleHours / weekCompensation
DONALD WAYNE HERRMANNDIRECTOR
Trustee or director
5.1$15,900
990 for the year ended December 31, 2023: 17 people
NameTitleHours / weekCompensationOther / benefits
VARZAVAND IRANICHIEF EXECUTIVE OFFICER
Officer
50$350,096$102,554
SARAH FISHERCOO/ASSISTANT GM
Officer
50$201,469$123,661
ROBERT HOLLOWAYJOURNEYMAN LEAD
Highest-paid employee
61$200,120$56,215
ADRIANA PENACHIEF FINANCIAL OFFICER
Officer
47$165,441$81,583
FRANK WILSONCHIEF RETAIL OFFICER
Officer
47$161,905$83,671
JUAN RIVERAJOURNEYMAN LEAD
Highest-paid employee
59$193,120$51,350
RAYMUNDO PINAJOURNEYMAN LEAD
Highest-paid employee
52$162,885$49,821
ROLAND TREVINOJOURNEYMAN
Highest-paid employee
54$150,489$50,685
MANUEL PINAJOURNEYMAN
Highest-paid employee
53$145,093$47,297
BRIAN MENKINGPRESIDENT
Trustee or director, Officer
4.2$21,300$0
DAVID ROSSESECRETARY/TREASURER
Trustee or director, Officer
5.3$20,100$0
SUSAN STEWARTDIRECTOR
Trustee or director
4.8$19,800$0
RUMALDO JUAREZVICE PRESIDENT
Trustee or director
4.9$18,200$0
GREGG TRUESDALEDIRECTOR
Trustee or director
3$17,700$0
GLADYS LIPPINCOTTDIRECTOR
Trustee or director
2.1$17,100$0
DONALD WAYNE HERRMANNDIRECTOR
Trustee or director
4.8$16,500$0
JUAN ALVARADODIRECTOR (JAN-OCT)
Trustee or director
3.3$9,400$0

Address and contacts

Address (IRS master file)
14353 COOPERATIVE AVE, ROBSTOWN, TX 78380-4600
Principal officer (990 for 2024)
VARZAVAND IRANI, 14353 COOPERATIVE AVE, ROBSTOWN, TX 78380
Signed the 990
VARZAVAND IRANI, CEO
Phone
(361) 387-2581
Return prepared by
BOLINGER SEGARS GILBERT AND MOSS LLP

Mission

THE MISSION OF NUECES ELECTRIC COOPERATIVE, INC, A MEMBER-OWNED COOPERATIVE, IS TO HELP OUR MEMBERS CONTINUALLY IMPROVE THEIR QUALITY OF LIFE BY PROVIDING RELIABLE AND COST EFFECTIVE ELECTRIC SERVICE IN A CULTURE WHERE SAFETY IS A PRIORITY.

990 for the year ended December 31, 2024

Program accomplishments

  • PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 60,770 ACTIVE SERVICES AT YEAR END.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-0811772
Tax-exempt status
501(c)(12): Benevolent life insurance association or mutual company
Donations deductible
No
Exempt since
1940
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$229,523,667
Income (IRS master file)
$103,757,101

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$103,561,110$101,811,558$229,523,667IRS
990December 2023$102,692,877$101,422,328$223,330,069XML
990December 2022$110,016,479$109,998,829$219,076,817IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-0811772).

Questions about NUECES ELECTRIC COOPERATIVE INC

What is the EIN of NUECES ELECTRIC COOPERATIVE INC?
The employer identification number (EIN) of NUECES ELECTRIC COOPERATIVE INC is 74-0811772.
Is NUECES ELECTRIC COOPERATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1940.
Are donations to NUECES ELECTRIC COOPERATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does NUECES ELECTRIC COOPERATIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of NUECES ELECTRIC COOPERATIVE INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did NUECES ELECTRIC COOPERATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of NUECES ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 names VARZAVAND IRANI.
Who are the officers and directors of NUECES ELECTRIC COOPERATIVE INC?
The 990 for the year ended December 31, 2024 lists 16 people; 16 received compensation from the organization, the highest $371,663 (VARZAVAND IRANI, CHIEF EXECUTIVE OFFICER).
How much revenue does NUECES ELECTRIC COOPERATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $103,561,110, expenses of $101,811,558 and total assets of $229,523,667 at year end.

Other nonprofits in ROBSTOWN

All nonprofits in ROBSTOWN · Texas