Lamb County Electric Cooperative

Legal name: Lamb County Electric Cooperative Inc

Nonprofit profile at a glance

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

14 people listed

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

To provide safe, reliable and affordable electricity to member-owners.

Sales of electric power to members on a cooperative basis through the allocation of patronage capital. There were 11,657 active services at year end.

Revenue model: Earned-program. 100% 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 available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass

Operating margin: 0.1%; rating input score 24; 24th percentile among comparable filings
Total-asset coverage ratio: 2.95; rating input score 65; 65th percentile among comparable filings
Liabilities to assets ratio: 0.35; rating input score 37; 37th percentile among comparable filings
Officer compensation ratio: 4.5%; rating input score 60; 60th percentile among comparable filings

Program expense growth: Limited
Revenue growth: -1.1% per year; rating input score 0; 4th percentile among comparable filings
Asset growth: 1% per year; rating input score 100; 10th percentile among comparable filings

What they do: 3 programs and campaigns described on the official site · 6 operating locations identified
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $197K · 14 people listed · 2 of 6 pay-setting controls reported
Highest-paid contractors: 1 contractor listed · $213K reported
Consistency: 11 of 11 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 15 filing years from 2010 to 2025
Contacts: How to reach this organization
Money network: 14 filed money-flow records
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.

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