2025-11-04T15:36:01-06:00 2024-12-31 450250958 EIDE BAILLY LLP 345 N REID PL STE 400 SIOUX FALLS SD 571037034 990 2024-01-01 741062291 RIO GRANDE ELECTRIC COOP INC RIOG 8305632444 778 EAST US HIGHWAY 90 BRACKETTVILLE TX 78832 THERESA QUIROZ CEO 8305632444 2025-10-10 1 1 LAURIE HANSON CPA P00851848 6053391999 2025-10-10 2024 2025-03-06 01:10:19Z THERESA QUIROZ 778 EAST US HIGHWAY 90 BRACKETTVILLE TX 78832 85705002 0 X WWW.RIOGRANDE.COOP X 1945 TX TO PROVIDE RELIABLE ELECTRICAL SERVICE TO MEMBERS AT AFFORDABLE RATES. 13 13 200 0 0 0 0 0 85270627 81870330 2730926 3542341 155982 148854 88157535 85561525 60577 71201 8718205 8911391 1039390 1311507 0 0 0 77445139 75298926 87263311 85593025 894224 -31500 223780436 242205133 121039261 134455305 102741175 107749828 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 7,246 MEMBERS OVER 10,057 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 97 0 1 200 1 0 0 0 0 0 0 0 87385155 4148313 0 0 0 X 13 13 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 0 1 1 1 0 X THERESA QUIROZ 8305632444 778 EAST US HIGHWAY 90 BRACKETTVILLE TX 78832 JAMIE BALLEW PRESIDENT 4.14 0.00 X X 10850 0 0 MARK DAUGHERTY VICE-PRESIDENT 3.48 0.00 X X 10100 0 0 TIMOTHY EDWARDS SECRETARY 3.94 0.00 X X 9850 0 0 HOWARD WAKEFIELD JR TREASURER 6.06 0.00 X X 10350 0 0 WILIAM FOSTER DIRECTOR 5.12 0.00 X 12100 0 0 BRYON GARRISON DIRECTOR 5.19 0.00 X 13100 0 0 DAMON HARRISON DIRECTOR 3.22 0.00 X 9850 0 0 HOWARD IVY DIRECTOR 3.85 0.00 X 8250 0 0 DON JANICE STORY METCALF DIRECTOR 2.80 0.00 X 8800 0 0 AIDA MARGARITA E NELSON DIRECTOR 4.99 0.00 X 10550 0 0 PRISCILLA PARSONS DIRECTOR (UNTIL 10/24) 3.39 0.00 X 6800 0 0 SUSANA PEREZ DIRECTOR 4.60 0.00 X 10100 0 0 GRANT JAMES SPENCE DIRECTOR 4.43 0.00 X 7450 0 0 JOHN MARION PARSONS DIRECTOR (BEG 10/24) 0.62 0.00 X 2250 0 0 THERESA QUIROZ CEO 44.58 0.00 X 267785 0 110868 LARRY POWELL CHIEF SPECIALIZED PROJECT DEVELOPMENT OFFICER 42.40 0.00 X 150738 0 115141 MARTHA GERARDO CHIEF HR & DIVERSIFIED SERVICES OFFICER 42.82 0.00 X 156922 0 57050 CONRAD DALTON CHIEF TECHNICAL OFFICER 45.28 0.00 X 151806 0 74854 ANGEL NARVAEZ CHIEF FINANCIAL OFFICER 49.91 0.00 X 135708 0 29231 JOSE RODRIGUEZ JR JOURNEYMAN LINE FOREMAN 59.04 0.00 X 137212 0 38046 RAFAEL VELEZ JOURNEYMAN LINEMAN 58.80 0.00 X 130930 0 42906 ELIEL BEJARANO JOURNEYMAN LINE FOREMAN 51.95 0.00 X 126154 0 36920 GILBERTO VILLARREAL JOURNEYMAN LINE FOREMAN 50.87 0.00 X 130104 0 67802 JOSHUA M HITE JOURNEYMAN LINEMAN 52.10 0.00 X 124171 0 21735 1641930 0 594553 46 0 1 0 JAMES POWER LINE CONSTRUCTION LLC 43 SHOOTING CLUB ROAD BOERNE TX 78006 CONSTRUCTION 5644538 ALTITUDE ENERGY LLC PO BOX 359 KEENESBURG CO 80643 CONSTRUCTION 1210999 EPC SERVICE COMPANY 1241 SOUTH 31ST STR W BILLINGS MT 59102 CONSTRUCTION 884866 CHEBO'S ELECTRIC PO BOX 4670 ANTHONY NM 88021 CONSTRUCTION 629499 MENDOZA CONCRETE CONSTRUCTION 410 1/2 AVE U DEL RIO TX 78840 CONSTRUCTION 622690 11 SALE OF ELECTRICITY 221000 73398652 73398652 OTHER OPERATING REVENUE 221000 7420530 7420530 G&T AND OTHER PATRONAGE CREDITS 221000 1051148 1051148 81870330 3543595 3543595 181918 28829 153089 153089 153089 1254 -1254 -1254 -1254 109159 113394 -4235 -4235 85561525 81866095 0 3695430 X 39701 31500 8911391 1311507 1072876 6423734 COST OF POWER 44797985 DISTRIBUTIONS - OPERATI 12660537 ADMINISTRATIVE & GENERA 5051950 DISTRIBUTION - MAINTENA 3922045 1369799 85593025 36698726 28773662 14167303 17660665 2081946 2026581 1561392 991678 1463200 1020639 244405701 93910792 135479824 150494909 100843 109904 31657293 40392757 569909 734338 223780436 242205133 8498975 11854321 30159962 28690434 82380324 93910550 121039261 134455305 X 36090 36230 0 0 102705085 107713598 102741175 107749828 223780436 242205133 X -31500 5040153 X 0 1 X 1 0 791127 791127 10879087 3335145 7543942 210605163 90575647 120029516 22130324 22130324 150494909 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION CERTIFICATES 36875686 C TEXAS ELECTRIC COOPERATIVE 1329656 C NATIONAL RURAL TELECOMMUNICATIONS COOPERATIVE 139924 C DELL TELEPHONE COOPERATIVE 70490 C MEDINA ELECTRIC COOPERATIVE 59656 C FEDERATED RURAL ELECTRIC INSURANCE EXCHANGE 716474 C COBANK 674180 C NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION PATRONAGE 414054 C NATIONAL INFORMATION SOLUTIONS COOPERATIVE 105873 C OTHER PATRONAGE CAPITAL AND MEMBERSHIPS 6764 C 40392757 CONSUMER DEPOSITS 1125153 DEFERRED CREDITS 92785397 93910550 X 85561525 0 85561525 0 85561525 76650134 0 76650134 8942891 8942891 85593025 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 XII, LINE 4B - OTHER ADJUSTMENTS: ALLOCATION OF 2024 MARGINS TO MEMBERS IN 2025 8,911,391. INDIVIDUAL SCHOLARSHIPS 31,500. 1 SCHOLARSHIPS 25 31500 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 CEO 257950 0 0 0 9835 0 82795 0 28073 0 378653 0 0 0 LARRY POWELL CHIEF SPECIALIZED PROJECT DEVELOPMEN 130978 0 0 0 19760 0 83999 0 31141 0 265878 0 0 0 CONRAD DALTON CHIEF TECHNICAL OFFICER 138806 0 0 0 13000 0 46498 0 28356 0 226660 0 0 0 MARTHA GERARDO CHIEF HR & DIVERSIFIED SERVICES OFFI 155722 0 0 0 1200 0 54424 0 2626 0 213972 0 0 0 GILBERTO VILLARREAL JOURNEYMAN LINE FOREMAN 123282 0 0 0 6822 0 39750 0 28053 0 197907 0 0 0 JOSE RODRIGUEZ JR JOURNEYMAN LINE FOREMAN 133312 0 0 0 3900 0 10278 0 27768 0 175258 0 0 0 RAFAEL VELEZ JOURNEYMAN LINEMAN 125210 0 0 0 5720 0 15133 0 27773 0 173836 0 0 0 ANGEL NARVAEZ CHIEF FINANCIAL OFFICER 135708 0 0 0 0 0 18275 0 10956 0 164939 0 0 0 ELIEL BEJARANO JOURNEYMAN LINE FOREMAN 123481 0 0 0 2673 0 9172 0 27748 0 163074 0 0 0 PART I, LINE 1A 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 $22,200 AS A HOUSING ALLOWANCE IN 2024. 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 THERE IS A FAMILY RELATIONSHIP BETWEEN PRISCILLA PARSONS AND JOHN MARION PARSONS. 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. OTHER OFFICERS 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 2024 MARGINS TO MEMBERS IN 2025 8,911,391. UNCLAIMED CAPITAL CREDITS -92,922. CHANGE IN MEMBERSHIPS 140. RETIREMENT OF CAPITAL CREDITS -3,809,956. INDIVIDUAL SCHOLARSHIPS 31,500.