Lobo Energy Incorporated
Nonprofit profile at a glance
- EIN
- 850459211
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Albuquerque, NM, USA
- Phone
- 5052727118
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Energy Resources Conservation and Development
Reported finances
- Revenue
- $2,043,764
- Expenses
- $1,599,566
- Assets
- $8,099,772
- Liabilities
- $7,358,073
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JASON STRAUSS (PRESIDENT/CEO)
- ALFRED SENA (VICE PRESIDENT (THRU 1/31/25))
- MATTHEW CHERRIN (VICE PRESIDENT)
Highest reported compensation
- MICHAEL CHICARELLI (DIRECTOR): $784,501 total reported compensation
- GARNETT STOKES (DIRECTOR): $783,348 total reported compensation
- TERESA COSTANTINIDIS (DIRECTOR/BOARD CHAIR): $481,494 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Lobo energy, inc. May provide assistance to the university, as requested, for management and supervision of the planning, design, engineering, contracting, energy-conservation, and commissioning services for assigned projects; procurement of equipment and services in the course of implementing the projects; and review of regulatory issues while monitoring long-term technological innovation and sustainable practices.
What it reported doing in 2024
Lobo energy, inc. Was formed by the regents of the university of New Mexico in 1998 to manage the upgrade of the utility infrastructure and provide utility management services to unm. Lobo energy has upgraded the infrastructure and has implemented and is overseeing an extensive energy conservation program on the campus.
Operating model
- Revenue model
- Earned-program. 90% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 58
- Transparency & Controls: 71
- Accountability: 67
- Sustainability: 62
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 55.8%; rating input score 56
- Program expense ratio: 79.6%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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
Accountability
- Independent voting board: 44.4%; rating input score 44; 7th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 21.7%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 5.06; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0.91; rating input score 7; 7th percentile among comparable filings
- Officer compensation ratio: 60.6%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 12.6% per year; rating input score 100; 72nd percentile among comparable filings
- Revenue growth: -6.5% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -5.1% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: 55.8% of revenue deployed · 79.6% of spending went to programs
- Governance: 4 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.3M in reported program spending
- Leadership: top reported pay $785K · 12 people listed · 2 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 5 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.
- Review — Financial Efficiency: Mission deployment rate scored 56/100.
- Moderate — Accountability: Independent voting board scored 44/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Sustainability: Liabilities to assets ratio scored 7/100.