Nonprofit · EIN 85-0093694
SIERRA ELECTRIC COOPERATIVE INC
Tax-exempt · ELEPHANT BTTE, NM 87935
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $12,188,226 | $12,188,226 | $0 | $31,757,090 | $17,654,796 | $14,102,294 |
| December 31, 2024 | 990 | $12,316,155 | $12,316,155 | $0 | $28,908,480 | $15,560,079 | $13,348,401 |
| December 31, 2023 | 990 | $11,186,332 | $11,186,332 | $0 | $27,818,405 | $15,368,248 | $12,450,157 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $11,923,180
- Investment income
- $184,472
- Net income from sales of inventory
- $222
- Other revenue
- $80,574
Expenses
- Grants and similar amounts paid
- $29,381
- Benefits paid to members
- $967,485
- Compensation of officers, directors and key employees
- $338,561
- Other salaries and wages
- $841,835
- Salaries, compensation and benefits (total)
- $1,528,200
- Professional fundraising fees
- $0
- Depreciation
- $829,722
Balance sheet and other
- Total assets, start of year
- $28,908,480
- Total assets, end of year
- $31,757,090
- Total liabilities, end of year
- $17,654,796
- Net assets, end of year
- $14,102,294
- Land, buildings and equipment
- $19,101,551
- Publicly traded securities
- $983,410
- Gross receipts
- $12,188,226
- Employees
- 18
- Volunteers
- 0
- Year formed
- 1952
- 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 |
|---|---|---|---|---|
| GUY PAYNE | EVP/GENERAL MANAGER Officer | 48 | $204,533 | $52,794 |
| JOSE VILLA | LINE SUPERINTENDENT Highest-paid employee | 45.4 | $126,083 | $37,408 |
| JESSE ALEXANDER | LINE FOREMAN Highest-paid employee | 45.9 | $114,088 | $38,250 |
| FELIX MARTINEZ | JOURNEYMAN LINEMAN Highest-paid employee | 48.6 | $108,295 | $38,911 |
| RAYMOND RUFFINI | VICE PRESIDENT Trustee or director, Officer | 8.6 | $10,385 | $0 |
| TAMI GARRETT | PRESIDENT Trustee or director, Officer | 3.2 | $10,060 | $0 |
| DARRYL SULLIVAN | TREASURER Trustee or director, Officer | 30.2 | $9,314 | $0 |
| WARREN STRONG | SECRETARY Trustee or director, Officer | 2.7 | $8,810 | $0 |
| RAY HODGES | TRUSTEE Trustee or director | 2.8 | $8,660 | $0 |
| APRIL ROMERO | TRUSTEE Trustee or director | 3 | $8,660 | $0 |
| DENNIS FRANKLIN | TRUSTEE Trustee or director | 3.2 | $8,600 | $0 |
| PAUL SCOTT | TRUSTEE Trustee or director | 2 | $8,510 | $0 |
| JUDY SMITH | TRUSTEE Trustee or director | 1.7 | $8,235 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENISE BARRERA | ASSISTANT GENERAL MANAGER Officer | 50 | $178,919 | $18,611 |
| OFELIA MELENDEZ | MANAGER OF FINANCE & ADMIN Highest-paid employee | 40.3 | $119,410 | $42,020 |
| JOSE VILLA | LINE SUPERINTENDENT Highest-paid employee | 45.1 | $118,376 | $40,095 |
| JESSE ALEXANDER | LINE FOREMAN Highest-paid employee | 44.6 | $103,148 | $36,903 |
| GUY PAYNE | EVP/GENERAL MANAGER (OCT-DEC) Officer | 50 | $47,500 | $5,415 |
| RAYMOND RUFFINI | VICE PRESIDENT Trustee or director, Officer | 4 | $10,304 | $0 |
| DENNIS FRANKLIN | TRUSTEE Trustee or director | 1.8 | $9,722 | $0 |
| DARRYL SULLIVAN | TREASURER Trustee or director, Officer | 5 | $9,509 | $0 |
| TAMI GARRETT | PRESIDENT Trustee or director, Officer | 1.7 | $9,379 | $0 |
| WARREN STRONG | SECRETARY Trustee or director, Officer | 2.6 | $9,254 | $0 |
| PAUL SCOTT | TRUSTEE Trustee or director | 1.5 | $9,254 | $0 |
| RAY HODGES | TRUSTEE Trustee or director | 3 | $9,179 | $0 |
| JUDY SMITH | TRUSTEE Trustee or director | 1.8 | $8,307 | $0 |
| GEORGE BIEL | TREASURER (JAN-MARCH) Trustee or director, Officer | 6.4 | $6,993 | $0 |
| APRIL ROMERO | TRUSTEE (APRIL-DEC) Trustee or director | 2 | $6,244 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DENISE BARRERA | GENERAL MANAGER Officer | 50 | $222,591 | $36,543 |
| OFELIA MELENDEZ | MANAGER OF FINANCE & ADMIN Highest-paid employee | 40 | $180,209 | $63,281 |
| JOSE VILLA | LINE SUPERINTENDENT Highest-paid employee | 40 | $180,272 | $60,083 |
| DARRYL SULLIVAN | PREDIDENT Trustee or director, Officer | 2.9 | $10,641 | $0 |
| GEORGE BIEL | TREASURER Trustee or director, Officer | 14 | $10,543 | $0 |
| RAYMOND RUFFINI | VICE PRESIDENT Trustee or director, Officer | 3 | $9,712 | $0 |
| PAUL SCOTT | TRUSTEE Trustee or director | 2.6 | $9,412 | $0 |
| DENNIS FRANKLIN | TRUSTEE Trustee or director | 4 | $8,976 | $0 |
| WARREN STRONG | TRUSTEE Trustee or director | 12 | $8,737 | $0 |
| JUDY SMITH | TRUSTEE Trustee or director | 2.5 | $8,686 | $0 |
| TAMI GARRETT | SECRETARY Trustee or director, Officer | 1.9 | $8,662 | $0 |
| RAY HODGES APRIL-DEC | TRUSTEE Trustee or director | 12 | $6,197 | $0 |
Address and contacts
- Address (IRS master file)
- 610 HIGHWAY 195, ELEPHANT BTTE, NM 87935-1820
- Principal officer (990 for 2025)
- GUY PAYNE, PO BOX 290, ELEPHANT BUTTE, NM 87935
- Signed the 990
- GUY PAYNE, GENERAL MANAGER
- Phone
- (575) 744-5231
- Website
- WWW.SIERRAELECTRIC.ORG
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
SIERRA ELECTRIC COOPERATIVE IS DEDICATED TO PROVIDE TOP QUALITY ELECTRIC SERVICE TO OUR VALUED MEMBERS, AT COMPETITIVE PRICES, WHILE NAVIGATING COMPLEX CHANGES IN OUR INDUSTRY. WE WILL EMPOWER OUR BOARD OF TRUSTEES AND OUR EMPLOYEES TO MAXIMIZE THEIR POTENTIAL THROUGH TEAMWORK AND THROUGH OUR SHARED COMMITMENT TO THE MEMBERS AND COMMUNITIES WE SERVE.
Program accomplishments
- SALE OF ELECTRIC POWER TO MEMBERS AT COST ON A COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 4,684 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
- 85-0093694
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1952
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $31,757,090
- Income (IRS master file)
- $12,188,226
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $12,188,226 | $12,188,226 | $31,757,090 | XML |
| 990 | December 2024 | $12,316,155 | $12,316,155 | $28,908,480 | XML |
| 990 | December 2023 | $11,186,332 | $11,186,332 | $27,818,405 | XML |
| 990 | December 2022 | $10,580,863 | $10,580,863 | $27,932,125 | 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 85-0093694).
Questions about SIERRA ELECTRIC COOPERATIVE INC
- What is the EIN of SIERRA ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of SIERRA ELECTRIC COOPERATIVE INC is 85-0093694.
- Is SIERRA ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1952.
- Are donations to SIERRA ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does SIERRA 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 SIERRA 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 SIERRA 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 SIERRA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names GUY PAYNE.
- Who are the officers and directors of SIERRA ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 13 received compensation from the organization, the highest $204,533 (GUY PAYNE, EVP/GENERAL MANAGER).
- How much revenue does SIERRA ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $12,188,226, expenses of $12,188,226 and total assets of $31,757,090 at year end.
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