Otero County Electric Cooperative, Inc.
Legal name: Otero County Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 850058679
- IRS 990 coverage
- 2010–2025
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2025
- Location
- Cloudcroft, NM, US
- Phone
- 1-800-548-4660
- Rating confidence
- Limited
Reported finances
- Revenue
- $37,820,451
- Expenses
- $37,820,451
- Assets
- $138,607,547
- Liabilities
- $94,255,984
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
19 people listed
Executive titles in this filing
- CHARLES MULCOCK (PRESIDENT)
- DENNY BURNETT (VICE PRESIDENT)
- MARIO ROMERO (GENERAL MANAGER/CEO)
Highest reported compensation
- MARIO ROMERO (GENERAL MANAGER/CEO): $379,193 total reported compensation
- DELBERT LUCERO (COO): $216,979 total reported compensation
- ANDREW CARRELL (DIRECTOR OF SAFETY & COMPLIANCE): $215,432 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing members with the lowest cost, highest quality, and most reliable electric power, consistent with sound and cost-effective business practices, and collaborate with members to provide resources and services that may be beneficial to our members and citizens of the communities we serve.
What it reported doing in 2025
Providing electric energy to our members on a cooperative basis through the allocation of patronage capital. There were 20,680 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: 68
- Accountability: 91
- Sustainability: 40
- 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; 9th 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: 55.7%; rating input score 56; 18th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th 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: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 3.66; rating input score 72; 72nd percentile among comparable filings
- Liabilities to assets ratio: 0.68; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 5.4%; rating input score 54; 54th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 1.8% per year; rating input score 100; 13th percentile among comparable filings
- Asset growth: 4.6% per year; rating input score 100; 31st percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 5 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 10 of 10 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $379K · 19 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $6.4M reported
- Consistency: 13 of 14 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2025
- Contacts: How to reach this organization
- Money network: 20 filed money-flow records
- Related organizations: 2 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.
- Review — Transparency & Controls: Grant itemization coverage scored 56/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Operating margin scored 23/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Review — Sustainability: Officer compensation ratio scored 54/100.