Magic Valley Electric Cooperative
Legal name: Magic Valley Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 740758801
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Jun 2026
- Forms available
- Form 990 2024
- Location
- Mercedes, TX, USA
- Phone
- 1-866-225-5683
- Rating confidence
- Limited
Reported finances
- Revenue
- $310,898,025
- Expenses
- $310,709,025
- Assets
- $685,887,460
- Liabilities
- $337,226,922
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- BARBARA S MILLER (PRESIDENT)
- ROLANDO ALANIZ (VICE PRESIDENT)
Highest reported compensation
- BRIAN ACOSTA (GENERAL MANAGER): $452,592 total reported compensation
- ROLANDO RAMON (WESTERN OPERATIONS OFFICER): $211,911 total reported compensation
- ABRAHAM QUIROGA (CENTRAL OPERATIONS OFFICER): $210,658 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance people’s lives by safely providing the most reliable and affordable electric service by keeping our member’s best interest in mind. In addition to providing safe and reliable electricity, we support a variety of charities, promote community and economic development, and sponsor many local and regional events. MVEC adheres to seven cooperative principles that serve as ideals in the cooperative community. One of those principles is concern for our community. We work for the sustainable development of our communities. learn more What is an electric cooperative? Education, Training & Information Cooperatives provide education and training for their members, elected representatives,.
What it reported doing in 2024
Providing electric energy to our members on a cooperative basis through the allocation of patronage capital. There were 158,435 active services at year end.
Operating model
- Revenue model
- Earned-program. 99% 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: 61
- Accountability: 100
- Sustainability: 48
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 8th 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: 25.4%; rating input score 25; 7th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th 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: 0.1%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 2.21; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.49; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 3.8% per year; rating input score 100; 30th percentile among comparable filings
- Asset growth: 6.1% per year; rating input score 100; 45th percentile among comparable filings
Details
- What they do: 3 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: 7 of 7 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $453K · 14 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $16.9M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 18 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Grant itemization coverage scored 25/100.
- Moderate — Sustainability: Operating margin scored 31/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.