Civic Intelligence

Springer Electric Cooperative Inc

EIN 85-0083345 • 501(c)12 • Springer, NM

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Springer, NM
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.54x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

1.43x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Net Margin

42nd percentile

0.0%

Higher net margin than 42% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

89th percentile

$429,338

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 2.1% of source-year revenue.

501(c)12 • $50M-$100M nonprofits • Source year 2024

Asset Growth

93rd percentile

14%

Faster asset growth than 93% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

21st percentile

-0.7%

Faster revenue growth than 21% of similar nonprofits.

501(c)12 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$46,800,753

Up $3,774,073 (+8.8%) from 2022

Liabilities

Up

$23,238,152

Up $3,183,855 (+16%) from 2022

Net Assets

Up

$23,562,601

Up $590,218 (+2.6%) from 2022

Operations
Liabilities / Revenue50th percentileNet Margin42nd percentile

Revenue

Up

$20,432,505

Up $618,916 (+3.1%) from 2022

Expenses

Up

$20,432,505

Up $618,916 (+3.1%) from 2022

Net Income

Flat

$0

Flat from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth93rd percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2011: $23,967,148Liabilities 2011: $10,384,394Net Assets 2011: $13,582,7542011Assets 2012: $26,547,415Liabilities 2012: $11,361,381Net Assets 2012: $15,186,0342012Assets 2013: $29,479,642Liabilities 2013: $12,617,768Net Assets 2013: $16,861,8742013Assets 2014: $28,743,740Liabilities 2014: $11,367,504Net Assets 2014: $17,376,2362014Assets 2015: $33,306,349Liabilities 2015: $14,467,740Net Assets 2015: $18,838,6092015Assets 2016: $35,236,933Liabilities 2016: $15,533,599Net Assets 2016: $19,703,3342016Assets 2017: $35,644,288Liabilities 2017: $14,739,759Net Assets 2017: $20,904,5292017Assets 2018: $36,937,143Liabilities 2018: $15,399,916Net Assets 2018: $21,537,2272018Assets 2019: $37,831,418Liabilities 2019: $16,248,972Net Assets 2019: $21,582,4462019Assets 2020: $40,769,962Liabilities 2020: $18,324,032Net Assets 2020: $22,445,9302020Assets 2021: $41,843,189Liabilities 2021: $18,452,389Net Assets 2021: $23,390,8002021Assets 2022: $43,026,680Liabilities 2022: $20,054,297Net Assets 2022: $22,972,3832022Assets 2023: $46,800,753Liabilities 2023: $23,238,152Net Assets 2023: $23,562,6012023

Highlighted filing

2023

Assets$46,800,753
Liabilities$23,238,152
Net Assets$23,562,601
Open 2023 Filing

Operations Trend

Revenue Growth21st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $23,522,954Expenses 2011: $23,635,129Net Income 2011: -$112,1752011Revenue 2012: $24,269,492Expenses 2012: $24,269,492Net Income 2012: $02012Revenue 2013: $24,114,339Expenses 2013: $24,114,339Net Income 2013: $02013Revenue 2014: $24,656,211Expenses 2014: $24,656,211Net Income 2014: $02014Revenue 2015: $23,563,181Expenses 2015: $23,563,181Net Income 2015: $02015Revenue 2016: $22,458,092Expenses 2016: $22,458,092Net Income 2016: $02016Revenue 2017: $23,038,679Expenses 2017: $23,038,679Net Income 2017: $02017Revenue 2018: $23,018,656Expenses 2018: $23,018,656Net Income 2018: $02018Revenue 2019: $22,267,695Expenses 2019: $22,267,695Net Income 2019: $02019Revenue 2020: $21,225,034Expenses 2020: $21,225,034Net Income 2020: $02020Revenue 2021: $21,344,782Expenses 2021: $21,344,782Net Income 2021: $02021Revenue 2022: $19,813,589Expenses 2022: $19,813,589Net Income 2022: $02022Revenue 2023: $20,432,505Expenses 2023: $20,432,505Net Income 2023: $02023

Highlighted filing

2023

Revenue$20,432,505
Expenses$20,432,505
Net Income$0
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Summary only. Only limited summary data is available for this year.

Open filing
Assets
$46,800,753
Liabilities
$23,238,152
Net assets
$23,562,601
Revenue
$20,432,505
Expenses
$20,432,505
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$46.8$23.2$23.6$20.4$20.4$0.00
2022Summary only. Only limited summary data is available for this year.$43.0$20.1$23.0$19.8$19.8$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$41.8$18.5$23.4$21.3$21.3$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$40.8$18.3$22.4$21.2$21.2$0.00
2019Summary only. Only limited summary data is available for this year.$37.8$16.2$21.6$22.3$22.3$0.00
2018Summary only. Only limited summary data is available for this year.$36.9$15.4$21.5$23.0$23.0$0.00
2017Summary only. Only limited summary data is available for this year.$35.6$14.7$20.9$23.0$23.0$0.00
2016Summary only. Only limited summary data is available for this year.$35.2$15.5$19.7$22.5$22.5$0.00
2015Summary only. Only limited summary data is available for this year.$33.3$14.5$18.8$23.6$23.6$0.00
2014Summary only. Only limited summary data is available for this year.$28.7$11.4$17.4$24.7$24.7$0.00
2013Summary only. Only limited summary data is available for this year.$29.5$12.6$16.9$24.1$24.1$0.00
2012Summary only. Only limited summary data is available for this year.$26.5$11.4$15.2$24.3$24.3$0.00
2011Summary only. Only limited summary data is available for this year.$24.0$10.4$13.6$23.5$23.6$0.11
Latest Filing Detail
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Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Mission and Program Overview

Mission

Sale and distribution of electric energy at the lowest possible price and in the most reliable manner

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)12 • $50M-$100M nonprofits