Kit Carson Electric Cooperative
Legal name: Kit Carson Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 850081882
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2025
- Location
- Taos, NM, US
- Phone
- (575) 758-2258
- Rating confidence
- Limited
Reported finances
- Revenue
- $58,185,291
- Expenses
- $58,283,772
- Assets
- $182,342,774
- Liabilities
- $127,672,273
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
20 people listed
Executive titles in this filing
- ROBERT ORTEGA SR (PRESIDENT)
- CHRISTOBAL DURAN (VICE PRESIDENT)
- LUIS A REYES JR (CEO)
Highest reported compensation
- LUIS A REYES JR (CEO): $538,813 total reported compensation
- RICHARD MARTINEZ (COO): $270,595 total reported compensation
- CARMELLA SUAZO (ASSISTANT MANAGER): $214,986 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Kit Carson Electric Cooperative is a member-owned Electric Distribution Cooperative serving Taos, Colfax and Rio Arriba Counties since 1944.
What it reported doing in 2025
Providing internet services to our members - 15,438 active services at year end were provided internet service on a cooperative basis through the allocation of patronage capital.
Operating model
- Revenue model
- Earned-program. 96% of the money available for current operations came from fees and other program revenue.
- 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: 95
- Accountability: 91
- Sustainability: 34
- Growth: 60
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; 66th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 65th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.2%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 3.13; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.6% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 12th percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $539K · 20 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.5M reported
- Consistency: 13 of 13 current checks pass
- Schedules: 5 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 4 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.