Nonprofit · EIN 85-0096243
LEA COUNTY ELECTRIC COOPERATIVE INC
Tax-exempt · LOVINGTON, NM 88260
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $115,478,058 | $114,864,140 | $613,918 | $299,904,110 | $177,482,274 | $122,421,836 |
| December 31, 2024 | 990 | $111,576,586 | $113,017,831 | -$1,441,245 | $270,363,692 | $156,813,213 | $113,550,479 |
| December 31, 2023 | 990 | $110,564,018 | $111,537,451 | -$973,433 | $261,032,072 | $154,245,223 | $106,786,849 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $113,870,352
- Investment income
- $1,413,918
- Net rental income
- $8,630
- Net gain from sales of assets
- $49,299
- Net income from sales of inventory
- $65
- Other revenue
- $193,788
Expenses
- Grants and similar amounts paid
- $16,635
- Benefits paid to members
- $8,301,034
- Compensation of officers, directors and key employees
- $843,250
- Other salaries and wages
- $5,186,592
- Salaries, compensation and benefits (total)
- $8,260,175
- Professional fundraising fees
- $0
- Depreciation
- $5,824,300
Balance sheet and other
- Total assets, start of year
- $270,363,692
- Total assets, end of year
- $299,904,110
- Total liabilities, end of year
- $177,482,274
- Net assets, end of year
- $122,421,836
- Land, buildings and equipment
- $146,902,482
- Publicly traded securities
- $52,965,042
- Gross unrelated business income
- $8,630
- Gross receipts
- $115,505,879
- Employees
- 80
- Volunteers
- 0
- Year formed
- 1949
- 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 |
|---|---|---|---|---|
| ROBERT FERRIS | EVP & GENERAL MANAGER Officer | 60 | $484,252 | $136,352 |
| BOBBY KIMBRO | ENGINEERING MANAGER Highest-paid employee | 55 | $231,928 | $105,546 |
| DENISE MCDANIEL | ACCOUNTING MANAGER Highest-paid employee | 55 | $170,061 | $143,128 |
| KYLE COLEMAN | IT MANAGER Highest-paid employee | 55 | $169,518 | $139,346 |
| DOUGLAS GRUENWALD | FOREMAN Highest-paid employee | 55 | $158,522 | $107,045 |
| CHRISTOPHER BESSENECKER | HR MANAGER Highest-paid employee | 55 | $160,794 | $44,051 |
| CHARLES KINSOLVING | TRUSTEE Trustee or director | 5 | $27,403 | $0 |
| RANDALL MCCORMICK | TRUSTEE Trustee or director | 6.7 | $27,105 | $0 |
| DAN HARDIN | SECRETARY/TREASURER Trustee or director, Officer | 2 | $25,777 | $0 |
| ROBERT CAUDLE | VICE PRESIDENT Trustee or director, Officer | 3.1 | $24,468 | $0 |
| JOHN GRAHAM | PRESIDENT Trustee or director, Officer | 8.8 | $24,403 | $0 |
| KENNETH WALLACE | TRUSTEE Trustee or director | 3 | $23,803 | $0 |
| JASON SWANN | TRUSTEE Trustee or director | 2.6 | $23,579 | $0 |
| CHARLES GARNER JR | TRUSTEE Trustee or director | 9 | $23,503 | $0 |
| TRAVIS GLENN | TRUSTEE Trustee or director | 4 | $22,605 | $0 |
990 for the year ended December 31, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT FERRIS | GENERAL MANAGER & EVP Officer | 60 | $428,163 | $147,296 |
| BOBBY KIMBRO | ENGINEERING MANAGER Highest-paid employee | 55 | $218,162 | $90,352 |
| DENISE MCDANIEL | ACCOUNTING MANAGER Highest-paid employee | 55 | $153,683 | $110,335 |
| KYLE COLEMAN | IT MANAGER Highest-paid employee | 55 | $151,213 | $97,960 |
| DOUGLAS GRUENEWALD | FOREMAN Highest-paid employee | 55 | $142,522 | $87,517 |
| ALFREDO MELENDEZ | FOREMAN Highest-paid employee | 55 | $146,265 | $70,204 |
| RANDALL MCCORMICK | TRUSTEE Trustee or director | 3.8 | $28,383 | $0 |
| CHARLES KINSOLVING | TRUSTEE Trustee or director | 4.3 | $27,602 | $0 |
| JOHN GRAHAM | PRESIDENT Trustee or director, Officer | 4.2 | $27,002 | $0 |
| ROBERT CAUDLE | VICE PRESIDENT Trustee or director, Officer | 1.6 | $26,947 | $0 |
| CHARLES GARNER JR | TRUSTEE Trustee or director | 2.3 | $26,702 | $0 |
| DAN HARDIN | SECRETARY/TREASURER Trustee or director, Officer | 1.7 | $26,500 | $0 |
| JASON SWANN | TRUSTEE Trustee or director | 2.8 | $25,779 | $0 |
| KENNY WALLACE | TRUSTEE Trustee or director | 2.8 | $25,202 | $0 |
| TRAVIS GLENN | TRUSTEE Trustee or director | 2.7 | $23,883 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BOBBY FERRIS | GENERAL MANAGER/EXECUTIVE Officer | 60 | $399,133 | $138,937 |
| BOBBY KIMBRO | SYSTEM OPERATING MANAGER Highest-paid employee | 55 | $222,230 | $82,050 |
| ALFREDO MELENDEZ | LINE SUPERINTENDENT Highest-paid employee | 55 | $147,374 | $84,067 |
| DOUGLAS GRUENEWALD | FOREMAN Highest-paid employee | 55 | $151,681 | $73,695 |
| KYLE COLEMAN | IT MANAGER Highest-paid employee | 55 | $139,652 | $80,567 |
| ARTHUR PANDO | FOREMAN Highest-paid employee | 55 | $145,742 | $56,674 |
| RANDALL MCCORMICK | TRUSTEE Trustee or director | 7.1 | $38,162 | $0 |
| CHARLES KINSOLVING | TRUSTEE Trustee or director | 4.7 | $30,646 | $0 |
| JOHN GRAHAM | PRESIDENT Trustee or director, Officer | 11.2 | $29,445 | $0 |
| CHARLES GARNER JR | TRUSTEE Trustee or director | 7 | $25,625 | $0 |
| ROBERT CAUDLE | VICE PRESIDENT Trustee or director, Officer | 2.8 | $25,423 | $0 |
| JASON SWANN | TRUSTEE Trustee or director | 2.9 | $24,075 | $0 |
| TRAVIS GLENN | TRUSTEE Trustee or director | 2.8 | $22,988 | $0 |
| DAN HARDIN | SECRETARY/TREASURER Trustee or director, Officer | 1.5 | $22,724 | $0 |
| KENNY WALLACE | TRUSTEE Trustee or director | 3.4 | $22,580 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1447, LOVINGTON, NM 88260-1447
- In care of
- % LEA COUNTY ELECTRIC COOPERATIVE I
- Principal officer (990 for 2025)
- ROBERT FERRIS, PO BOX 1447, LOVINGTON, NM 882601447
- Signed the 990
- ROBERT FERRIS, EVP & GENERAL MANAGER
- Phone
- (575) 396-3631
- Website
- WWW.LCECNET.COM
- Return prepared by
- BOLINGER SEGARS GILBERT AND MOSS LLP
Mission
LEA COUNTY ELECTRIC IS A COMMUNITY FOCUSED COOPERATIVE THAT STRIVES TO BE INNOVATIVE AND ENVIRONMENTALLY FRIENDLY, WHILE PROVIDING ITS MEMBERS HIGH VALUE, LOW COST, AND SAFE RELIABLE SERVICE.
Program accomplishments
- SALE OF ELECTRIC POWER TO OUR MEMBERS AT COST ON COOPERATIVE BASIS THROUGH THE ALLOCATION OF PATRONAGE CAPITAL. THERE WERE 16,775 CONNECTED MEMBERS 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
- 85-0096243
- Tax-exempt status
- 501(c)(12): Benevolent life insurance association or mutual company
- Donations deductible
- No
- Exempt since
- 1951
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $299,904,110
- Income (IRS master file)
- $115,505,879
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $115,478,058 | $114,864,140 | $299,904,110 | XML |
| 990 | December 2024 | $111,576,586 | $113,017,831 | $270,363,692 | XML |
| 990 | December 2023 | $110,564,018 | $111,537,451 | $261,032,072 | XML |
| 990 | December 2022 | $119,152,075 | $119,152,075 | $256,477,710 | 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 85-0096243).
Questions about LEA COUNTY ELECTRIC COOPERATIVE INC
- What is the EIN of LEA COUNTY ELECTRIC COOPERATIVE INC?
- The employer identification number (EIN) of LEA COUNTY ELECTRIC COOPERATIVE INC is 85-0096243.
- Is LEA COUNTY ELECTRIC COOPERATIVE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(12) since 1951.
- Are donations to LEA COUNTY ELECTRIC COOPERATIVE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LEA 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 LEA 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 LEA 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 LEA COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 names ROBERT FERRIS.
- Who are the officers and directors of LEA COUNTY ELECTRIC COOPERATIVE INC?
- The 990 for the year ended December 31, 2025 lists 15 people; 15 received compensation from the organization, the highest $484,252 (ROBERT FERRIS, EVP & GENERAL MANAGER).
- How much revenue does LEA COUNTY ELECTRIC COOPERATIVE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $115,478,058, expenses of $114,864,140 and total assets of $299,904,110 at year end.
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