Cdec Ll Inc

Nonprofit profile at a glance

EIN
823954266
IRS 990 coverage
2020–2025
Forms available
Form 990 2025, Form 990-N 2019
Location
Grants, NM, USA
Phone
5052856656
Rating confidence
Limited

Reported finances

Revenue
$80,123
Expenses
$6,851,123
Assets
$3,724,050
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • KEITH GOTTLIEB (PRESIDENT)
  • LLOYD ORTEGA (VICE PRESIDENT)

Highest reported compensation

  • KEITH GOTTLIEB (PRESIDENT): $25,920 total reported compensation
  • MIKE CHAMBERS (TRUSTEE): $17,280 total reported compensation
  • BLANCHE CLAWSON (TRUSTEE): $15,984 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Holding title to property for sole benefit of a section 501(c)(12) tax-exempt electric co-op.

What it reported doing in 2025

The organization holds title to property, collects income therefrom, and turns over the entire amount thereof, less expenses, to continental divide electric cooperative, inc. (cdec), a New Mexico nonprofit corporation described in, and exempt from federal income taxes, under code section 501(c)(12). The corporation holds title to personal and intangible property associated with the mission of cdec and receives interest income from the applicable holdings in the form of a loan. Accordinly, the organization made cash distribution of $80,123 equal to current net interest earnings. In 2025 the notes payable related to the 2018 loan was forgiven and the corporation transferred back to continental divide electric cooperative the $6,771,000.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 90
  • Accountability: 9
  • Sustainability: 14
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 10th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -8,450.8%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: Limited
  • Revenue growth: -3.7% per year; rating input score 0; 44th percentile among comparable filings
  • Asset growth: -11% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 8 board members independent · 2 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.9M in reported program spending
  • Leadership: top reported pay $26K · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2020 to 2025
  • Contacts: How to reach this organization
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Independent voting board scored 0/100.
  • High — Accountability: Governance controls: 7 of 9 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.