2023-10-04T19:21:01-05:00 2022-12-31 450250958 EIDE BAILLY LLP 200 E 10TH ST STE 500 SIOUX FALLS SD 571046375 990 2022-01-01 741062291 RIO GRANDE ELECTRIC COOP INC RIOG 8305632444 PO BOX 1509 BRACKETTVILLE TX 78832 THERESA QUIROZ CEO 8305632444 2023-09-21 1 THERESA QUIROZ XXX-XX-XXXX 1 LAURIE HANSON CPA P00851848 6053391999 2023-09-21 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z THERESA QUIROZ PO BOX 1509 BRACKETTVILLE TX 78832 68786092 0 X WWW.RGEC.COM X 1945 TX TO PROVIDE RELIABLE ELECTRICAL SERVICE TO MEMBERS AT AFFORDABLE RATES. 12 12 192 0 0 0 0 0 59622299 67842116 173065 786642 540681 33946 60336045 68662704 23060 60742 5952409 7889030 450054 1054015 0 0 0 53910522 58688909 60336045 67692696 0 970008 196163042 208802297 107657000 113193982 88506042 95608315 RGEC IS COMMITTED TO PROVIDING SAFE AND RELIABLE ENERGY SERVICES THROUGH THE EFFICIENT USE OF RESOURCES, HIGHLY SKILLED EMPLOYEES, AND TECHNOLOGY. 0 0 PROVIDED ELECTRIC SERVICE TO APPROXIMATELY 7,093 MEMBERS OVER 10,022 MILES OF LINE. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 105 0 1 192 1 0 0 0 0 0 0 0 71762354 1113385 0 0 0 X 12 12 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X BLAISE DURBIN 8305632444 HWY 90 SH131 BRACKETTVILLE TX 78832 TIM EDWARDS PRESIDENT 2.40 X X 11100 0 0 WILLIAM FOSTER VICE PRESIDENT 4.20 X X 11700 0 0 PRISCILLA PARSONS SECRETARY 3.70 X X 12350 0 0 JAMIE BALLEW TREASURER 4.70 X X 11600 0 0 JAN METCALF DIRECTOR 1.50 X 9600 0 0 HOWARD WAKEFIELD JR DIRECTOR 5.20 X 12100 0 0 MARGARITA E NELSON DIRECTOR 3.20 X 9800 0 0 ROWDY HOLMSLEY DIRECTOR 2.30 X 8250 0 0 MARK DAUGHERTY DIRECTOR 3.50 X 9850 0 0 BRYRON GARRISON DIRECTOR 2.70 X 13200 0 0 GRANT SPENCE DIRECTOR 2.60 X 7450 0 0 HOWARD IVY DIRECTOR (BEG 10/2022) 0.40 X 1450 0 0 JOHNY SHEETS DIRECTOR (02/2022-04/2022) 10.80 X 320 0 0 THERESA QUIROZ COO/CEO (BEG 02/2022) 44.20 X 206872 0 132717 LARRY POWELL CHIEF DEVELOPMENT OFFICER 45.60 X 134848 0 124659 MARTHA GERARDO CHIEF HR OFFICER 43.10 X 139997 0 98028 CONRAD DALTON CHIEF TECHNICAL OFFICER 43.30 X 134641 0 97088 ROGELIO ANDRADE CEO (END 02/2022) 45.40 X 67366 0 5122 JAIME RAMIREZ JOURNEYMAN LINE FOREMAN 53.40 X 132796 0 83774 KALVIN YOKOMIZO JOURNEYMAN LINEMAN 56.50 X 128589 0 33076 DONOVAN GUILLEN JOURNEYMAN LINEMAN 59.50 X 126577 0 41851 STEVE WRIGHT SENIOR OPERATIONS MANAGER 40.80 X 123365 0 127302 GILBERTO VILLARREAL JOURNEYMAN LINEMAN 51.60 X 121161 0 65847 1434982 0 809464 27 0 1 0 POWERHOUSE ENERGY LLC PO BOX 2179 ANDREWS TX 79714 CONSTRUCTION 685580 RS MECHANICAL LLC 4101 EMORY ROAD EL PASO TX 79922 CONSTRUCTION 507485 3S SERVICES LLC 2535 LOOP 517 CARRIZO SPRINGS TX 78834 CONSTRUCTION 409392 MENDOZA CONCRETE CONSTRUCTION LLC 410 1/2 AVE U DEL RIO TX 78840 CONSTRUCTION 358790 URBAN ELECTRICAL SERVICES INC PO BOX 219 CARRIZO SPRINGS TX 78834 CONSTRUCTION 294287 9 SALE OF ELECTRICITY 221000 60724903 60724903 OTHER OPERATING REVENUE 221000 6749188 6749188 G&T AND OTHER PATRONAGE CREDITS 221000 368025 368025 67842116 786642 786642 47123 28374 18749 18749 18749 110211 95014 15197 15197 68662704 67857313 0 805391 X 30750 29992 7889030 1054015 1401500 5825862 COST OF POWER 33225060 DISTRIBUTIONS - OPERATI 10748356 ADMINISTRATIVE & GENERA 3354821 DISTRIBUTION - MAINTENA 2972493 1160817 67692696 20536582 26569974 16844317 12683774 2176734 2131815 3097236 3958940 8928948 4902070 209851077 82897795 120398241 126953282 98082 92652 24035962 31245083 46940 264707 196163042 208802297 7587054 5183995 38887485 36935172 61182461 71074815 107657000 113193982 X 34705 35465 0 0 88471337 95572850 88506042 95608315 196163042 208802297 X 970008 6132265 X 0 1 X 1 0 791127 791127 10879087 2801626 8077461 192352438 79263906 113088532 5828425 832263 4996162 126953282 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION CERTIFICATES 28875686 C TEXAS ELECTRIC COOPERATIVE 323005 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 142609 C DELL TELEPHONE COOPERATIVE 71742 C MEDINA ELECTRIC COOPERATIVE 63381 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 659343 C COBANK 592182 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION PATRONAGE 400872 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 110180 C OTHER PATRONAGE CAPITAL AND MEMBERSHIPS 6083 C 31245083 CONSUMER DEPOSITS 1024366 DEFERRED CREDITS 70050449 71074815 X 67662704 -1000000 -1000000 68662704 0 68662704 59773674 0 59773674 7919022 7919022 67692696 PART X, LINE 2: THE COOPERATIVE BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. THE COOPERATIVE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVENTORY IMPAIRMENT -1,000,000. PART XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2022 MARGINS TO MEMBERS IN 2023 7,889,030. INDIVIDUAL SCHOLARSHIPS 29,992. 1 FAMILY CRISIS CENTER OF THE BIG BEND INC PO BOX 470 ALPINE TX 79831 751897981 501(C)(3) 10000 0 GENERAL SUPPORT 1 0 SCHOLARSHIPS 37 29992 PART I, LINE 2: TO RECEIVE ASSISTANCE, APPLICANTS NEED TO BE DEPENDENTS OF CURRENT MEMBERS OF THE COOPERATIVE. THE APPLICANT WILL BE EVALUATED BASED ON GPA, EXTRACURRICULAR ACTIVITIES, SERVICE ORGANIZATIONS, EMPLOYMENT (IF ANY), AND ESSAY. ASSISTANCE IS FOR UNDERGRADUATE STUDENTS. APPLICANTS CHOSEN FOR THIS SCHOLARSHIP MUST ANNUALLY PROVIDE A COPY OF THEIR TRANSCRIPT TO THE COOPERATIVE TO SHOW A GPA OF 3.0 OR HIGHER. THE CHECKS ARE SENT DIRECTLY TO THE PUBLIC OR PRIVATE UNIVERSITY, COLLEGE, OR VOCATIONAL/TECHNICAL SCHOOL IN THE US, AND RETURNED TO THE COOPERATIVE IF THE STUDENT DOESN'T ENROLL. X 0 0 X X 0 0 0 THERESA QUIROZ COO/CEO (BEG 02/2022) 200804 0 0 0 6068 0 105880 0 26837 0 339589 0 0 0 LARRY POWELL CHIEF DEVELOPMENT OFFICER 133073 0 0 0 1775 0 98190 0 26469 0 259507 0 0 0 STEVE WRIGHT SENIOR OPERATIONS MANAGER 121733 0 0 0 1632 0 100465 0 26837 0 250667 0 0 0 MARTHA GERARDO CHIEF HR OFFICER 139370 0 0 0 627 0 96125 0 1903 0 238025 0 0 0 CONRAD DALTON CHIEF TECHNICAL OFFICER 134010 0 0 0 631 0 70250 0 26837 0 231728 0 0 0 JAIME RAMIREZ JOURNEYMAN LINE FOREMAN 132077 0 0 0 719 0 56937 0 26837 0 216570 0 0 0 GILBERTO VILLARREAL JOURNEYMAN LINEMAN 120926 0 0 0 235 0 39010 0 26837 0 187008 0 0 0 DONOVAN GUILLEN JOURNEYMAN LINEMAN 126475 0 0 0 102 0 15014 0 26837 0 168428 0 0 0 KALVIN YOKOMIZO JOURNEYMAN LINEMAN 128454 0 0 0 135 0 22274 0 10803 0 161666 0 0 0 PART I, LINE 1A THE CHIEF EXECUTIVE OFFICER, ROGELIO ANDRADE (RESIGNED FEBRUARY 2022), IS REQUIRED, AS PART OF HIS COMPENSATION PACKAGE, TO LIVE IN A HOUSE OWNED BY THE COOPERATIVE AS STATED IN A BOARD RESOLUTION. THIS AMOUNT IS INCLUDED IN HIS TAXABLE COMPENSATION ON HIS W-2 FOR INCOME TAX PURPOSES. HE RECEIVED $3,700 AS A HOUSING ALLOWANCE IN 2022. THE CHIEF EXECUTIVE OFFICER, THERESA QUIROZ, IS OFFERED, AS PART OF HER COMPENSATION PACKAGE, THE ABILITY TO LIVE IN A HOUSE OWNED BY THE COOPERATIVE AS STATED IN A BOARD RESOLUTION. THIS AMOUNT IS INCLUDED IN HER TAXABLE COMPENSATION ON HER W-2 FOR INCOME TAX PURPOSES. SHE RECEIVED $5,500 AS A HOUSING ALLOWANCE IN 2022. SCHEDULE J, PART II, COLUMN C INCLUDED IN OTHER COMPENSATION IS THE ESTIMATED CURRENT YEAR INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN FOR EMPLOYEES LISTED ON SCH J. THE CURRENT YEAR INCREASE OR DECREASE DOES NOT REPRESENT CURRENT YEAR CONTRIBUTIONS TO THE PLAN. RATHER, IT IS AN ESTIMATE OF THE INCREASE OR DECREASE IN THE ACTUARIAL VALUE OF THE PLAN AS CALCULATED BY THE PLAN ADMINISTRATOR. FORM 990, PART VI, SECTION A, LINE 2 HOWARD WAKEFIELD, JR AND MARK DAUGHERTY HAD A BUSINESS RELATIONSHIP IN 2022. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO TYPES OF MEMBERS, EACH HAVE THE SAME VOTING RIGHTS. 1. BUNDLED ELECTRIC ENERGY SERVICE 2. UNBUNDLED DISTRIBUTION SERVICE UNDER CONTRACT (MILITARY BASE) FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER HAS ONE VOTE FOR EACH OPEN DISTRICT BOARD POSITION. FORM 990, PART VI, SECTION A, LINE 7B DISPOSITION OF ALL OR SUBSTANTIALLY ALL OF THE COOPERATIVE'S PROPERTY IS SUBJECT TO APPROVAL BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 8B NO COMMITTEE HAS AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS REVIEWED BY THE CEO. AFTER THE REVIEW, A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD MEMBERS. THE 990 IS PRESENTED TO THE BOARD MEMBERS AT THE BOARD MEETING PRIOR TO ITS FILING, IF SO REQUESTED BY ANY BOARD MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY STATES THE PERSON MUST COME FORTH IN ACCORDANCE WITH POLICY. THE DIRECTORS ARE REQUIRED TO COMPLETE AN AFFIDAVIT OF ELIGIBILITY DURING TIME OF ELECTION OR RE-ELECTION STATING SUCH CONFLICT. DIRECTORS COMPLETE A RELATIONSHIP AND BUSINESS INTERESTS QUESTIONNAIRE ANNUALLY. EACH EMPLOYEE IS ALSO ASKED TO DISCLOSE INFORMATION IN THEIR APPLICATION. FORM 990, PART VI, SECTION B, LINE 15 EACH DIRECTOR COMPLETES AN APPROVED EVALUATION AND SUBMITS IT TO THE CEO REVIEW COMMITTEE ON AN ANNUAL BASIS. THE COMMITTEE THEN DEVELOPS A COMPOSITE OF ALL EVALUATION FORMS TO PRESENT TO THE CEO. REGIONAL, STATE, AND NATIONAL DATA IS USED TO ASSIST THE BOARD IN DETERMINING THE CEO SALARY. THIS PROCESS IS DOCUMENTED IN THE BOARD MINUTES. KEY EMPLOYEES ARE ANNUALLY EVALUATED BY THE CEO. A SALARY ADMINISTRATION PLAN IS REVIEWED AND UPDATED ANNUALLY AND PRESENTED TO THE BOARD FOR APPROVAL. THE SALARY ADMINISTRATION PLAN SETS TARGET COMPENSATION RANGES FOR ALL POSITIONS USING REGIONAL, STATE, AND NATIONAL DATA. THIS PROCESS IS DOCUMENTED IN THE PERSONNEL FILES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST AND ALSO VIA THE COOPERATIVE'S WEBSITE. FORM 990, PART IX, LINE 4 THE IRS INSTRUCTIONS STATE THAT PATRONAGE DIVIDENDS PAID BY SECTION 501(C)(12) ORGANIZATIONS TO THEIR MEMBERS SHOULD BE REPORTED ON LINE 4. THE ORGANIZATION HAS INTERPRETED PATRONAGE DIVIDENDS PAID TO MEAN PATRONAGE DIVIDENDS ALLOCATED OR TO BE ALLOCATED FOR THE CURRENT YEAR. SINCE THIS ALLOCATION IS NOT AN EXPENSE UNDER GENERALLY ACCEPTED ACCOUNTING PRINCIPLES (GAAP), THIS HAS RESULTED IN A RECONCILING ITEM TO NET ASSETS IN PART XI ON PAGE 12 OF THE FORM 990 AND IN PART XII ON SCHEDULE D. FORM 990, PART XI, LINE 9: ALLOCATION OF 2022 MARGINS TO MEMBERS IN 2023 7,889,030. UNCLAIMED CAPITAL CREDITS -358,072. CHANGE IN MEMBERSHIPS 760. INVENTORY IMPAIRMENT -1,000,000. MARGIN ADJUSTMENT -429,445. INDIVIDUAL SCHOLARSHIPS 29,992.