Nonprofit · EIN 85-0083345
SPRINGER ELECTRIC COOPERATIVE INC
Tax-exempt · SPRINGER, NM 87747
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $21,331,582 | $21,331,582 | $0 | $57,505,509 | $31,560,770 | $25,944,739 |
| December 31, 2024 | 990 | $20,280,824 | $20,280,824 | $0 | $53,567,208 | $28,949,104 | $24,618,104 |
| December 31, 2023 | 990 | $20,432,505 | $20,432,505 | $0 | $46,800,753 | $23,238,152 | $23,562,601 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $20,729,623
- Investment income
- $480,048
- Net rental income
- $50,180
- Net gain from sales of assets
- $379,257
- Other revenue
- $121,911
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $1,246,721
- Compensation of officers, directors and key employees
- $945,939
- Other salaries and wages
- $689,407
- Salaries, compensation and benefits (total)
- $2,480,380
- Professional fundraising fees
- $0
- Legal fees
- $4,234
- Accounting fees
- $33,500
- Travel
- $14,378
- Depreciation
- $976,310
Balance sheet and other
- Total assets, start of year
- $53,567,208
- Total assets, end of year
- $57,505,509
- Total liabilities, end of year
- $31,560,770
- Net assets, end of year
- $25,944,739
- Land, buildings and equipment
- $33,987,429
- Publicly traded securities
- $3,335,500
- Gross receipts
- $21,331,582
- Employees
- 17
- Volunteers
- 0
- Year formed
- 1946
- 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 |
|---|---|---|---|---|
| David Spradlin | CEO Key employee, Highest-paid employee | 43 | $269,022 | $203,844 |
| Ronald Brashear | Line Superintendent Highest-paid employee | 41 | $120,287 | $97,378 |
| John Weisdorfer | Operations Manager Highest-paid employee | 40 | $138,467 | $77,316 |
| Fidel Laumbach | Line Foreman Highest-paid employee | 42 | $112,500 | $57,067 |
| David Balizan | Safety Coordinator GIS Highest-paid employee | 43 | $105,829 | $46,413 |
| Christy Romero | Office Manager Highest-paid employee | 40 | $109,302 | $41,468 |
| Timothy Morrow | Director - President Trustee or director, Officer | 8 | $22,579 | $0 |
| Russell Hoy | Director Trustee or director | 5 | $14,193 | $0 |
| Alfonso Maestas | Director - Secretary Treasurer Trustee or director, Officer | 5 | $11,827 | $0 |
| Don Schutz | Director Trustee or director | 5 | $11,827 | $0 |
| Gary Shaw | Director - Vice President Trustee or director, Officer | 8 | $11,827 | $0 |
| Cody Hazen | Director Trustee or director | 5 | $9,677 | $0 |
| Jeff Burton | Director Trustee or director | 5 | $8,602 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Spradlin | CEO Key employee, Highest-paid employee | 43 | $259,298 | $170,040 |
| John Weisdorfer | Operations Manager Highest-paid employee | 40 | $134,412 | $64,657 |
| Ronald Brashear | Line Superintendent Highest-paid employee | 41 | $116,363 | $81,826 |
| Christy Romero | Office Manager Highest-paid employee | 40 | $105,288 | $36,083 |
| Timothy Morrow | Director - President Trustee or director | 8 | $20,967 | $0 |
| Russell Hoy | Director Trustee or director | 5 | $14,894 | $0 |
| Gary Shaw | Director - Vice President Trustee or director | 8 | $13,548 | $0 |
| Alfonso Maestas | Director - Secretary Treasurer Trustee or director | 5 | $12,903 | $0 |
| Don Schutz | Director Trustee or director | 5 | $12,903 | $0 |
| Jeff Burton | Director Trustee or director | 5 | $11,827 | $0 |
| Cody Hazen | Director Trustee or director | 5 | $10,752 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David Spradlin | CEO Key employee, Highest-paid employee | 42 | $241,603 | $128,533 |
| Ronald Brashear | Line Superintendent Highest-paid employee | 41 | $110,886 | $65,872 |
| John Weisdorfer | Operations Manager Highest-paid employee | 40 | $120,182 | $47,636 |
| Timothy Morrow | Director - President Trustee or director | 8 | $21,516 | $0 |
| Alfonso Maestas | Director - Secretary Treasurer Trustee or director | 5 | $13,717 | $0 |
| Gary Shaw | Director - Vice President Trustee or director | 8 | $13,717 | $0 |
| Jeff Burton | Director Trustee or director | 5 | $12,749 | $0 |
| Russell Hoy | Director Trustee or director | 5 | $12,749 | $0 |
| Don Schutz | Director Trustee or director | 5 | $11,803 | $0 |
| Cody Hazen | Director Trustee or director | 5 | $3,226 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 698, SPRINGER, NM 87747-0698
- In care of
- % DAVID SPRADLIN
- Principal officer (990 for 2025)
- DAVID SPRADLIN, PO BOX 698, SPRINGER, NM 877470698
- Signed the 990
- DAVID SPRADLIN, CEO
- Phone
- (575) 483-2421
Mission
Sale and distribution of electric energy at the lowest possible price and in the most reliable manner
Program accomplishments
- Total members as of 12 31 2025 - 1,874 Total services in place as of 12 31 2025 - 3,026Expenses $21,331,582 · revenue $21,331,582
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
- 85-0083345
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W80)
- Assets (IRS master file)
- $57,505,509
- Income (IRS master file)
- $21,331,582
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $21,331,582 | $21,331,582 | $57,505,509 | IRS |
| 990 | December 2024 | $20,280,824 | $20,280,824 | $53,567,208 | IRS |
| 990 | December 2023 | $20,432,505 | $20,432,505 | $46,800,753 | XML |
| 990 | December 2022 | $19,813,589 | $19,813,589 | $43,026,680 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 85-0083345).
Questions about SPRINGER ELECTRIC COOPERATIVE INC
- What is the EIN of SPRINGER ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SPRINGER ELECTRIC COOPERATIVE INC is 85-0083345.
- Is SPRINGER ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 2001.
- Are donations to SPRINGER ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SPRINGER 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 SPRINGER 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 SPRINGER 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 SPRINGER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names DAVID SPRADLIN.
- Who are the officers and directors of SPRINGER ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $269,022 (David Spradlin, CEO).
- How much revenue does SPRINGER ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $21,331,582, expenses of $21,331,582 and total assets of $57,505,509 at year end.
Other nonprofits in SPRINGER
- COLFAX COUNTY FAIR ASSOCIATION INC EIN 85-0467603 · last filed 990 for 2024
- MIAMI WATER USERS ASSOCIATION EIN 85-0295270 · last filed 990-EZ for 2026
- MIAMI DOMESTIC WATER USERS ASSOCIATION EIN 85-0200347 · last filed 990 for 2025
- SPRINGER DITCH COMPANY EIN 85-0156267 · last filed 990 for 2024
- SPRINGER ELECTRIC COOP EDUCATION FOUNDATION EIN 85-0366101 · last filed 990-PF for 2025
- NATIONAL EDUCATION ASSOCIATION OF NEW MEXICO EIN 85-0311997 · last filed 990-N for 2024
- COLFAX HEALTHCARE FOUNDATION EIN 47-2303402 · last filed 990-N for 2025
- SPRINGER CHAMBER OF COMMERCE EIN 85-0332073 · last filed 990-N for 2025
All nonprofits in SPRINGER · New Mexico · Public and societal benefit