Rita Blanca Electric Cooperative, Inc.
Legal name: Rita Blanca Electric Cooperative Inc
Nonprofit profile at a glance
- EIN
- 750712525
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Dalhart, TX, US
- Phone
- 806.249.4506
- Rating confidence
- Limited
Reported finances
- Revenue
- $63,969,086
- Expenses
- $63,969,086
- Assets
- $161,863,768
- Liabilities
- $31,656,316
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- GRACE SUBEALDEA (CEO/GENERAL MANAGER)
Highest reported compensation
- GRACE SUBEALDEA (CEO/GENERAL MANAGER): $335,646 total reported compensation
- TAMMY RINNE (INSIDE OPERATIONS MANAGER): $221,727 total reported compensation
- SHAUN SCOFIELD (LINE SUPERVISOR): $212,739 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 provide electric power to rural areas at cost on a cooperative basis.
What it reported doing in 2024
Sale of electric energy to our members on a cooperative basis through the allocation of patronage capital. There were 9,885 active services at year end.
Operating model
- Revenue model
- Earned-program. 98% 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: 59
- Accountability: 91
- Sustainability: 46
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- 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: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 0%; rating input score 29; 29th percentile among comparable filings
- Total-asset coverage ratio: 2.53; rating input score 70; 70th percentile among comparable filings
- Liabilities to assets ratio: 0.2; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 3.4%; rating input score 32; 32nd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 7.5% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
Details
- What they do: 5 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: 9 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $336K · 18 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.1M reported
- Consistency: 10 of 10 current checks pass
- Schedules: 3 filed schedules · includes 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: 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.
- High — Sustainability: Operating margin scored 29/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 32/100.