Liabilities / Assets
88th percentile
Higher debt load relative to assets than 88% of similar nonprofits.
New Mexico Rural Electric Cooperative
EIN 85-0155370 • 501(c)6 • Santa Fe, NM
Profile
As a nonprofit, nonpartisan organization, the mission of the cooperative is to strengthen, support, unify and represent member cooperative interests at the local, state and national levels. The association works cooperatively to further the economic well being of member organizations; by providing leadership, information and technical assistance; delivering competitive, high quality services; facilitating issue discussion and problem solving; and projecting a positive, proactive image of electric cooperatives.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.57x
Liabilities / Revenue
46th percentile
Higher debt load relative to revenue than 46% of similar nonprofits.
Net Margin
33rd percentile
Higher net margin than 33% of similar nonprofits.
Top Officer Pay
82nd percentile
Higher top officer pay than 82% of similar nonprofits.
Top officer pay equals 9.0% of source-year revenue.
Asset Growth
85th percentile
Faster asset growth than 85% of similar nonprofits.
Revenue Growth
83rd percentile
Faster revenue growth than 83% of similar nonprofits.
Balance Sheet
Assets
Up$703,665
Up $130,778 (+23%) from 2023
Liabilities
Up$404,513
Up $138,690 (+52%) from 2023
Net Assets
Down$299,152
Down $7,912 (-2.6%) from 2023
Revenue
Up$2,891,752
Up $573,500 (+25%) from 2023
Expenses
Up$2,899,664
Up $558,940 (+24%) from 2023
Net Income
Up-$7,912
Up $14,560 (+65%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $703,665
- Liabilities
- $404,513
- Net assets
- $299,152
- Revenue
- $2,891,752
- Expenses
- $2,899,664
- Net income
- -$7,912