Nonprofit · EIN 74-1062291
RIO GRANDE ELECTRIC COOPERATIVE INC
Tax-exempt · BRACKETTVILLE, TX 78832
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $85,561,525 | $85,593,025 | -$31,500 | $242,205,133 | $134,455,305 | $107,749,828 |
| December 31, 2023 | 990 | $88,157,535 | $87,263,311 | $894,224 | $223,780,436 | $121,039,261 | $102,741,175 |
| December 31, 2021 | 990 | $60,336,045 | $60,336,045 | $0 | $196,163,042 | $107,657,000 | $88,506,042 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $81,870,330
- Investment income
- $3,542,341
- Net rental income
- $153,089
- Net gain from sales of assets
- -$1,254
- Net income from sales of inventory
- -$4,235
- Other revenue
- $148,854
Expenses
- Grants and similar amounts paid
- $71,201
- Benefits paid to members
- $8,911,391
- Compensation of officers, directors and key employees
- $1,311,507
- Salaries, compensation and benefits (total)
- $1,311,507
- Professional fundraising fees
- $0
- Depreciation
- $6,423,734
Balance sheet and other
- Total assets, start of year
- $223,780,436
- Total assets, end of year
- $242,205,133
- Total liabilities, end of year
- $134,455,305
- Net assets, end of year
- $107,749,828
- Land, buildings and equipment
- $150,494,909
- Gross receipts
- $85,705,002
- Employees
- 200
- Volunteers
- 0
- Year formed
- 1945
- 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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA QUIROZ | CEO Officer | 44.58 | $267,785 | $110,868 |
| LARRY POWELL | CHIEF SPECIALIZED PROJECT DEVELOPMENT OFFICER Officer | 42.4 | $150,738 | $115,141 |
| CONRAD DALTON | CHIEF TECHNICAL OFFICER Officer | 45.28 | $151,806 | $74,854 |
| MARTHA GERARDO | CHIEF HR & DIVERSIFIED SERVICES OFFICER Officer | 42.82 | $156,922 | $57,050 |
| GILBERTO VILLARREAL | JOURNEYMAN LINE FOREMAN Highest-paid employee | 50.87 | $130,104 | $67,802 |
| JOSE RODRIGUEZ JR | JOURNEYMAN LINE FOREMAN Highest-paid employee | 59.04 | $137,212 | $38,046 |
| RAFAEL VELEZ | JOURNEYMAN LINEMAN Highest-paid employee | 58.8 | $130,930 | $42,906 |
| ANGEL NARVAEZ | CHIEF FINANCIAL OFFICER Officer | 49.91 | $135,708 | $29,231 |
| ELIEL BEJARANO | JOURNEYMAN LINE FOREMAN Highest-paid employee | 51.95 | $126,154 | $36,920 |
| JOSHUA M HITE | JOURNEYMAN LINEMAN Highest-paid employee | 52.1 | $124,171 | $21,735 |
| BRYON GARRISON | DIRECTOR Trustee or director | 5.19 | $13,100 | $0 |
| WILIAM FOSTER | DIRECTOR Trustee or director | 5.12 | $12,100 | $0 |
| JAMIE BALLEW | PRESIDENT Trustee or director, Officer | 4.14 | $10,850 | $0 |
| AIDA MARGARITA E NELSON | DIRECTOR Trustee or director | 4.99 | $10,550 | $0 |
| HOWARD WAKEFIELD JR | TREASURER Trustee or director, Officer | 6.06 | $10,350 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARK DAUGHERTY | VICE-PRESIDENT Trustee or director, Officer | 3.48 | $10,100 |
| SUSANA PEREZ | DIRECTOR Trustee or director | 4.6 | $10,100 |
| TIMOTHY EDWARDS | SECRETARY Trustee or director, Officer | 3.94 | $9,850 |
| DAMON HARRISON | DIRECTOR Trustee or director | 3.22 | $9,850 |
| DON JANICE STORY METCALF | DIRECTOR Trustee or director | 2.8 | $8,800 |
| HOWARD IVY | DIRECTOR Trustee or director | 3.85 | $8,250 |
| GRANT JAMES SPENCE | DIRECTOR Trustee or director | 4.43 | $7,450 |
| PRISCILLA PARSONS | DIRECTOR (UNTIL 10/24) Trustee or director | 3.39 | $6,800 |
| JOHN MARION PARSONS | DIRECTOR (BEG 10/24) Trustee or director | 0.62 | $2,250 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| THERESA QUIROZ | CEO Officer | 44.1 | $247,734 | $107,233 |
| LARRY POWELL | CHIEF DEVELOPMENT OFFICER Officer | 46.7 | $140,917 | $113,544 |
| STEVE WRIGHT | SENIOR OPERATIONS MANAGER Highest-paid employee | 41 | $126,921 | $115,941 |
| CONRAD DALTON | CHIEF TECHNICAL OFFICER Officer | 43 | $141,568 | $75,725 |
| MARTHA GERARDO | CHIEF HR OFFICER Officer | 42.6 | $147,582 | $68,295 |
| JAIME RAMIREZ | JOURNEYMAN LINE FOREMAN Highest-paid employee | 51.5 | $129,080 | $80,040 |
| GILBERTO VILLARREAL | JOURNEYMAN LINEMAN Highest-paid employee | 53.9 | $135,714 | $62,308 |
| JESUS RODRIGUEZ | JOURNEYMAN LINE FOREMAN Highest-paid employee | 53.2 | $124,583 | $55,060 |
| JOSHUA HITE | JOURNEYMAN LINEMAN Highest-paid employee | 56.1 | $126,742 | $21,202 |
| BRYON GARRISON | DIRECTOR Trustee or director | 5.6 | $12,850 | $0 |
| WILLIAM FOSTER | VICE PRESIDENT Trustee or director, Officer | 4.5 | $12,450 | $0 |
| GRANT SPENCE | DIRECTOR Trustee or director | 2.6 | $11,200 | $0 |
| TIM EDWARDS | PRESIDENT Trustee or director, Officer | 3.5 | $10,900 | $0 |
| JAMIE BALLEW | TREASURER Trustee or director, Officer | 4.3 | $10,800 | $0 |
| PRISCILLA PARSONS | SECRETARY Trustee or director, Officer | 5.1 | $10,400 | $0 |
| MARK DAUGHERTY | DIRECTOR Trustee or director | 4.1 | $10,400 | $0 |
| MARGARITA E NELSON | DIRECTOR Trustee or director | 3.7 | $10,300 | $0 |
| HOWARD WAKEFIELD JR | DIRECTOR Trustee or director | 3.8 | $10,150 | $0 |
| HOWARD IVY | DIRECTOR Trustee or director | 2.2 | $8,650 | $0 |
| JAN METCALF | DIRECTOR Trustee or director | 1.8 | $8,400 | $0 |
| ROWDY HOLMSLEY | DIRECTOR (UNTIL 09/2023) Trustee or director | 2.6 | $6,400 | $0 |
| DAMON HARRISON | DIRECTOR (BEG 11/2023) Trustee or director | 2.7 | $2,250 | $0 |
| SUSANA PEREZ | DIRECTOR (BEG 11/2023) Trustee or director | 2 | $1,450 | $0 |
990 for the year ended December 31, 2021: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROGELIO ANDRADE | CHIEF EXECUTIVE OFFICER Officer | 45.4 | $229,116 | $109,288 |
| THERESA QUIROZ | CHIEF OPERATING OFFICER Highest-paid employee | 43 | $156,970 | $120,154 |
| LARRY POWELL | CHIEF SPECIAL PROJECT OFFI Highest-paid employee | 45.2 | $129,726 | $118,278 |
| SHAWN STANLEY | CHIEF FINANCIAL OFFICER Highest-paid employee | 44 | $146,258 | $100,946 |
| MARTHA GERARDO | CHIEF HUMAN RESOURCE OFFIC Highest-paid employee | 42.9 | $133,674 | $90,610 |
| CONRAD DALTON | CHIEF TECHNICAL OFFICER Highest-paid employee | 46.2 | $128,409 | $91,855 |
| JOHNY SHEETS | DIRECTOR Trustee or director | 4 | $10,700 | $0 |
| PRISCILLA PARSONS | SECRETARY Trustee or director, Officer | 4 | $10,450 | $0 |
| WILLIAM FOSTER | VICE PRESIDENT Trustee or director, Officer | 4 | $10,450 | $0 |
| BRYON GARRISON | DIRECTOR Trustee or director | 4 | $9,300 | $0 |
| JAMIE BALLEW | TREASURER Trustee or director, Officer | 4 | $9,200 | $0 |
| MARGARITA NELSON | DIRECTOR Trustee or director | 4 | $9,200 | $0 |
| TIMOTHY EDWARDS | PRESIDENT Trustee or director, Officer | 4 | $9,150 | $0 |
| ROWDY HOMSLEY | DIRECTOR Trustee or director | 4 | $8,800 | $0 |
| DON JAN METCALF | DIRECTOR Trustee or director | 4 | $8,400 | $0 |
| MARLIN KEITH RICHARDSON | DIRECTOR Trustee or director | 4 | $7,200 | $0 |
| CODY WHITEHEAD BURNS | DIRECTOR Trustee or director | 4 | $6,400 | $0 |
| EDWARD WALKER | DIRECTOR Trustee or director | 4 | $5,600 | $0 |
| MARK DAUGHERTY | DIRECTOR Trustee or director | 4 | $2,400 | $0 |
| HOWARD WAKEFIELD JR | DIRECTOR Trustee or director | 4 | $2,400 | $0 |
| GRANT SPENCE | DIRECTOR Trustee or director | 4 | $2,000 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1509, BRACKETTVILLE, TX 78832-1509
- Principal officer (990 for 2024)
- THERESA QUIROZ, 778 EAST US HIGHWAY 90, BRACKETTVILLE, TX 78832
- Signed the 990
- THERESA QUIROZ, CEO
- Phone
- (830) 563-2444
- Website
- WWW.RIOGRANDE.COOP
- Return prepared by
- EIDE BAILLY LLP
Mission
RGEC IS COMMITTED TO PROVIDING SAFE AND RELIABLE ENERGY SERVICES THROUGH THE EFFICIENT USE OF RESOURCES, HIGHLY SKILLED EMPLOYEES, AND TECHNOLOGY.
Program accomplishments
- PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 7,246 MEMBERS OVER 10,057 MILES OF LINE.
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-1062291
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1950
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $242,205,133
- Income (IRS master file)
- $85,705,002
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $85,561,525 | $85,593,025 | $242,205,133 | IRS |
| 990 | December 2023 | $88,157,535 | $87,263,311 | $223,780,436 | XML |
| 990 | December 2022 | $68,662,704 | $67,692,696 | $208,802,297 | IRS |
| 990 | December 2021 | $60,336,045 | $60,336,045 | $196,163,042 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 74-1062291).
Questions about RIO GRANDE ELECTRIC COOPERATIVE INC
- What is the EIN of RIO GRANDE ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of RIO GRANDE ELECTRIC COOPERATIVE INC is 74-1062291.
- Is RIO GRANDE ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1950.
- Are donations to RIO GRANDE ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does RIO GRANDE 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 RIO GRANDE 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 RIO GRANDE 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 RIO GRANDE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 names THERESA QUIROZ.
- Who are the officers and directors of RIO GRANDE ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 24 received compensation from the organization, the highest $267,785 (THERESA QUIROZ, CEO).
- How much revenue does RIO GRANDE ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $85,561,525, expenses of $85,593,025 and total assets of $242,205,133 at year end.
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