Nonprofit · EIN 85-0058679
OTERO COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · CLOUDCROFT, NM 88317
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $37,820,451 | $37,820,451 | $0 | $138,607,547 | $94,255,984 | $44,351,563 |
| December 31, 2024 | 990 | $37,526,425 | $37,579,993 | -$53,568 | $131,784,028 | $88,734,154 | $43,049,874 |
| December 31, 2023 | 990 | $36,589,993 | $36,589,993 | $0 | $126,273,690 | $84,742,020 | $41,531,670 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $37,278,918
- Investment income
- $212,378
- Net rental income
- $84,944
- Net gain from sales of assets
- -$692
- Net income from sales of inventory
- -$1,005
- Other revenue
- $329,155
Expenses
- Grants and similar amounts paid
- $24,443
- Benefits paid to members
- $2,290,322
- Compensation of officers, directors and key employees
- $961,713
- Other salaries and wages
- $3,336,772
- Salaries, compensation and benefits (total)
- $5,692,427
- Professional fundraising fees
- $0
- Depreciation
- $4,764,888
Balance sheet and other
- Total assets, start of year
- $131,784,028
- Total assets, end of year
- $138,607,547
- Total liabilities, end of year
- $94,255,984
- Net assets, end of year
- $44,351,563
- Land, buildings and equipment
- $107,572,540
- Gross unrelated business income
- $560
- Gross receipts
- $37,823,873
- Employees
- 81
- Volunteers
- 0
- Year formed
- 1943
- State of legal domicile
- NM
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIO ROMERO | GENERAL MANAGER/CEO Officer | 50 | $266,747 | $112,446 |
| DELBERT LUCERO | COO Officer | 40 | $161,519 | $55,460 |
| ANDREW CARRELL | DIRECTOR OF SAFETY & COMPLIANCE Highest-paid employee | 42 | $128,293 | $87,139 |
| SABEN LESSENTINE | AREA SUPERVISOR Highest-paid employee | 40 | $139,149 | $69,643 |
| JULIA WALKER-GRINDER | CFO Officer | 47 | $171,347 | $34,571 |
| LANCE WRIGHT | STAKING SUPERVISOR Highest-paid employee | 45 | $130,151 | $49,985 |
| BENJAMIN SANCHEZ | CREW CHIEF Highest-paid employee | 51 | $134,854 | $33,348 |
| JOHN GILLEN | CREW CHIEF Highest-paid employee | 46 | $124,549 | $40,261 |
| DAMON MAREZ | FORMER IT MANAGER Former | 0 | $149,949 | $0 |
| DENNY BURNETT | VICE PRESIDENT Trustee or director, Officer | 4 | $29,412 | $0 |
| PRESTON STONE | TRUSTEE Trustee or director | 3.3 | $20,550 | $0 |
| MARTHA MILLS | SECRETARY Trustee or director, Officer | 4.3 | $19,511 | $0 |
| SCOTT SHAFER | TREASURER Trustee or director, Officer | 2 | $18,479 | $0 |
| CHARLES MULCOCK | PRESIDENT Trustee or director, Officer | 4 | $18,461 | $0 |
| WILLIAM BIRD | TRUSTEE Trustee or director | 3.5 | $17,477 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIMOTHY RABON | TRUSTEE Trustee or director | 5.1 | $15,875 |
| CHERI HASS | TRUSTEE Trustee or director | 4 | $11,389 |
| DAVID POWERS | TRUSTEE Trustee or director | 2.8 | $7,237 |
| KENNETH BLAZER | TRUSTEE Trustee or director | 4 | $1,232 |
990 for the year ended December 31, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIO ROMERO | GENERAL MANAGER/CEO Officer | 45 | $257,387 | $84,279 |
| SABEN LESSENTINE | AREA SUPERVISOR Highest-paid employee | 40 | $135,312 | $67,490 |
| DELBERT LUCERO | ENGINEERING/OPERATIONS MANAGER Highest-paid employee | 40 | $146,078 | $45,222 |
| JULIA WALKER-GRINDER | CFO Officer | 46 | $163,699 | $27,286 |
| LANCE WRIGHT | STAKING SUPERVISOR Highest-paid employee | 40 | $131,864 | $39,836 |
| MARK MARTIN | AREA SUPERVISOR Highest-paid employee | 40 | $133,776 | $35,758 |
| MATTHEW CHAVEZ | CREW CHIEF Highest-paid employee | 40 | $125,945 | $25,330 |
| DAMON MAREZ | FORMER IT MANAGER Former | 0 | $140,400 | $0 |
| DENNY BURNETT | VICE PRESIDENT Trustee or director, Officer | 4.2 | $30,674 | $0 |
| CHERI HASS | TRUSTEE Trustee or director | 4 | $26,319 | $0 |
| PRESTON STONE | TRUSTEE Trustee or director | 9 | $20,541 | $0 |
| TIMOTHY ALAN RABON | TRUSTEE Trustee or director | 12 | $20,117 | $0 |
| SCOTT SHAFER | TREASURER Trustee or director, Officer | 3.6 | $19,351 | $0 |
| CHARLES MULCOCK | PRESIDENT Trustee or director, Officer | 3.8 | $19,183 | $0 |
| MARTHA MILLS | SECRETARY Trustee or director, Officer | 2.5 | $17,523 | $0 |
| WILLIAM BIRD | TRUSTEE Trustee or director | 3.5 | $17,187 | $0 |
| DAVID POWERS | TRUSTEE Trustee or director | 2.8 | $6,795 | $0 |
| KENNETH BLAZER | TRUSTEE Trustee or director | 4 | $1,382 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MARIO ROMERO | GENERAL MANAGER/CEO Officer | 50 | $240,840 | $84,388 |
| DAMON MAREZ | IT MANAGER Highest-paid employee | 40 | $145,805 | $84,774 |
| MARK MARTIN | AREA SUPERVISOR Highest-paid employee | 40 | $123,339 | $83,625 |
| SABEN LESSENTINE | AREA SUPERVISOR Highest-paid employee | 40 | $124,760 | $59,413 |
| JULIA WALKER-GRINDER | CFO Officer | 50 | $156,007 | $25,555 |
| DELBERT LUCERO | ENGINEERING/OPERATIONS MANAGER Highest-paid employee | 40 | $135,154 | $43,458 |
| CHRISTOFER HUGHES | CREW CHIEF Highest-paid employee | 49 | $122,723 | $39,134 |
| DENNY BURNETT | VICE PRESIDENT Trustee or director, Officer | 4.5 | $28,344 | $0 |
| TIMOTHY ALAN RABON | TRUSTEE Trustee or director | 10.6 | $19,079 | $0 |
| PRESTON STONE | TRUSTEE Trustee or director | 10 | $18,862 | $0 |
| CHARLES MULCOCK | PRESIDENT Trustee or director, Officer | 4.1 | $18,723 | $0 |
| SCOTT SHAFER | TREASURER Trustee or director, Officer | 2.6 | $17,691 | $0 |
| MARTHA MILLS | SECRETARY Trustee or director, Officer | 3 | $16,323 | $0 |
| WILLIAM BIRD | TRUSTEE Trustee or director | 3.5 | $16,323 | $0 |
| CHERI HASS | TRUSTEE Trustee or director | 2.5 | $12,805 | $0 |
| DAVID POWERS | TRUSTEE Trustee or director | 2.8 | $6,418 | $0 |
| KENNETH BLAZER | TRUSTEE Trustee or director | 5 | $1,382 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 227, CLOUDCROFT, NM 88317-0227
- Principal officer (990 for 2025)
- MARIO ROMERO, 404 BURRO AVE, CLOUDCROFT, NM 88317
- Signed the 990
- MARIO ROMERO, CEO
- Phone
- (575) 682-2521
- Website
- WWW.OCEC-INC.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
PROVIDING MEMBERS WITH THE LOWEST COST, HIGHEST QUALITY, AND MOST RELIABLE ELECTRIC POWER, CONSISTENT WITH SOUND AND COST-EFFECTIVE BUSINESS PRACTICES, AND COLLABORATE WITH MEMBERS TO PROVIDE RESOURCES AND SERVICES THAT MAY BE BENEFICIAL TO OUR MEMBERS AND CITIZENS OF THE COMMUNITIES WE SERVE.
Program accomplishments
- PROVIDING ELECTRIC ENERGY TO OUR MEMBERS ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 20,680 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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 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
- 85-0058679
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1943
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $138,607,547
- Income (IRS master file)
- $37,823,873
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $37,820,451 | $37,820,451 | $138,607,547 | XML |
| 990 | December 2024 | $37,526,425 | $37,579,993 | $131,784,028 | XML |
| 990 | December 2023 | $36,589,993 | $36,589,993 | $126,273,690 | XML |
| 990 | December 2022 | $35,254,461 | $35,255,004 | $128,178,058 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 85-0058679).
Questions about OTERO COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of OTERO COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of OTERO COUNTY ELECTRIC COOPERATIVE INC is 85-0058679.
- Is OTERO COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1943.
- Are donations to OTERO COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does OTERO COUNTY 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 OTERO COUNTY ELECTRIC COOPERATIVE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OTERO COUNTY ELECTRIC COOPERATIVE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OTERO COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names MARIO ROMERO.
- Who are the officers and directors of OTERO COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 19 people; 19 received compensation from the organization, the highest $266,747 (MARIO ROMERO, GENERAL MANAGER/CEO).
- How much revenue does OTERO COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $37,820,451, expenses of $37,820,451 and total assets of $138,607,547 at year end.
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