Rio Grande Electric Cooperative
Legal name: Rio Grande Electric Coop Inc
Nonprofit profile at a glance
- EIN
- 741062291
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Brackettville, TX, US
- Phone
- (830) 563-2444
- Rating confidence
- Limited
Reported finances
- Revenue
- $85,561,525
- Expenses
- $85,593,025
- Assets
- $242,205,133
- Liabilities
- $134,455,305
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- JAMIE BALLEW (PRESIDENT)
- MARK DAUGHERTY (VICE-PRESIDENT)
- THERESA QUIROZ (CEO)
Highest reported compensation
- THERESA QUIROZ (CEO): $378,653 total reported compensation
- LARRY POWELL (CHIEF SPECIALIZED PROJECT DEVELOPMENT OFFICER): $265,879 total reported compensation
- CONRAD DALTON (CHIEF TECHNICAL OFFICER): $226,660 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
RGEC is committed to providing its members safe and reliable energy services through the efficient use of resources, highly skilled employees, and technology.
What it reported doing in 2024
Provided electric service to approximately 7,246 members over 10,057 miles of line.
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: 61
- Accountability: 95
- Sustainability: 43
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 6th 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: 44.2%; rating input score 44; 9th 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: 8 of 9 controls in place; rating input score 89
- 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: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 2.83; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.56; rating input score 32; 32nd percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 44; 44th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 5.7% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 7.2% per year; rating input score 100; 53rd percentile among comparable filings
Details
- What they do: 2 operating locations identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 13 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $379K · 24 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $9M reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes grants and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 24 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Transparency & Controls: Grant itemization coverage scored 44/100.
- High — Sustainability: Operating margin scored 27/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- Moderate — Sustainability: Liabilities to assets ratio scored 32/100.
- Moderate — Sustainability: Officer compensation ratio scored 44/100.